Okeanis Eco Correlations
| OKENFDelisted Stock | USD 22.55 0.00 0.00% |
The current 90-days correlation between Okeanis Eco Tankers and MPC Container Ships is -0.15 (i.e., Good diversification). The correlation of Okeanis Eco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Okeanis Eco Correlation With Market
Very good diversification
The correlation between Okeanis Eco Tankers and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Okeanis Eco Tankers and DJI in the same portfolio, assuming nothing else is changed.
Okeanis |
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Okeanis Eco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Okeanis Eco Tankers to buy it.
Moving together with Okeanis Pink Sheet
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| 0.66 | AMKBF | AP Mller | PairCorr |
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| 0.68 | CTDD | Qwest Corp 6 | PairCorr |
| 0.71 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
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| 0.73 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.64 | SOUN | SoundHound AI Upward Rally | PairCorr |
| 0.78 | BFLY | Butterfly Network | PairCorr |
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| 0.63 | RUM | Rumble Inc | PairCorr |
| 0.68 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.74 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | ET | Energy Transfer LP | PairCorr |
Moving against Okeanis Pink Sheet
| 0.76 | PKX | POSCO Holdings | PairCorr |
| 0.71 | OROVF | Orient Overseas | PairCorr |
| 0.67 | HYMTF | Hyundai Motor | PairCorr |
| 0.62 | NPNYY | Nippon Yusen Kabushiki | PairCorr |
| 0.34 | CICOY | COSCO SHIPPING Holdings | PairCorr |
| 0.71 | WETH | Wetouch Technology Common | PairCorr |
| 0.66 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Okeanis Pink Sheet performing well and Okeanis Eco Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Okeanis Eco's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MPZZF | 2.31 | (0.09) | (0.02) | 0.03 | 2.96 | 4.69 | 14.03 | |||
| ZIM | 3.62 | 0.58 | 0.08 | (0.52) | 4.26 | 8.02 | 23.85 | |||
| HUPHY | 1.64 | 0.31 | 0.00 | 2.32 | 0.00 | 4.33 | 36.58 | |||
| BWLLY | 3.13 | 0.26 | 0.03 | 1.28 | 4.00 | 9.63 | 28.08 | |||
| MSLOY | 1.36 | 0.02 | (0.02) | 0.14 | 2.17 | 3.05 | 10.51 | |||
| SB-PD | 0.39 | 0.06 | (0.11) | (0.25) | 0.44 | 1.11 | 2.89 | |||
| PCFBY | 2.94 | 0.22 | 0.01 | (0.16) | 3.99 | 9.88 | 35.97 | |||
| BWLLF | 2.37 | 0.86 | 0.22 | (1.15) | 2.49 | 5.35 | 24.96 | |||
| HAFNF | 1.52 | 0.26 | 0.06 | (0.81) | 1.78 | 3.61 | 11.71 | |||
| WSSTF | 1.05 | (0.26) | 0.00 | 0.19 | 0.00 | 0.00 | 30.13 |
View Okeanis Eco Related Equities
| Risk & Return | Correlation |
Okeanis Eco Corporate Management
| Thalia Kalafati | Treasurer | Profile | |
| Aristidis Alafouzos | Chief officer | Profile | |
| Christopher Papaioannou | Head Chartering | Profile | |
| Dimitra Kontogogou | Company Sec | Profile | |
| Ioannis Alafouzos | Chairman CEO | Profile | |
| Konstantinos Oikonomopoulos | Chief Officer | Profile |
Still Interested in Okeanis Eco Tankers?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.