Eaton PLC Correlations
| 3EC Stock | EUR 324.15 2.45 0.75% |
The current 90-days correlation between Eaton PLC and DALATA HOTEL is -0.06 (i.e., Good diversification). The correlation of Eaton PLC 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.
Eaton PLC Correlation With Market
Significant diversification
The correlation between Eaton PLC and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton PLC and DJI in the same portfolio, assuming nothing else is changed.
Eaton |
The ability to find closely correlated positions to Eaton PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton PLC 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 Eaton PLC - 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 Eaton PLC to buy it.
Moving together with Eaton Stock
| 0.9 | ALD | Honeywell International Earnings Call This Week | PairCorr |
| 0.87 | SND | Schneider Electric | PairCorr |
| 0.69 | ILT | Illinois Tool Works | PairCorr |
| 0.86 | ABJA | ABB | PairCorr |
| 0.83 | MMM | 3M Company | PairCorr |
| 0.97 | EMR | Emerson Electric | PairCorr |
| 0.94 | PAR | Parker Hannifin | PairCorr |
| 0.83 | 2IS | Trane Technologies plc | PairCorr |
| 0.88 | KBIA | KB Financial Group Earnings Call This Week | PairCorr |
| 0.87 | OIX | ORIX | PairCorr |
| 0.86 | OIXA | Orix Corp Ads | PairCorr |
| 0.62 | FHL | Federal Home Loan | PairCorr |
| 0.8 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.89 | HEI | Heidelberg Materials | PairCorr |
| 0.88 | E908 | Lyxor 1 | PairCorr |
| 0.84 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Eaton Stock
| 0.86 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.58 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.53 | ALV | Allianz SE | PairCorr |
Related Correlations Analysis
| 0.66 | 0.73 | 0.81 | 0.36 | 0.8 | 0.67 | DHG | ||
| 0.66 | 0.71 | 0.54 | 0.71 | 0.54 | 0.5 | JAL | ||
| 0.73 | 0.71 | 0.84 | 0.68 | 0.85 | 0.71 | 1HTA | ||
| 0.81 | 0.54 | 0.84 | 0.37 | 0.98 | 0.74 | MEL | ||
| 0.36 | 0.71 | 0.68 | 0.37 | 0.38 | 0.52 | MRL | ||
| 0.8 | 0.54 | 0.85 | 0.98 | 0.38 | 0.74 | MEL | ||
| 0.67 | 0.5 | 0.71 | 0.74 | 0.52 | 0.74 | CJH | ||
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Risk-Adjusted Indicators
There is a big difference between Eaton Stock performing well and Eaton PLC 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 Eaton PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHG | 2.41 | 0.64 | 0.07 | (0.42) | 3.14 | 5.82 | 32.29 | |||
| JAL | 1.13 | 0.23 | 0.04 | (0.67) | 1.18 | 2.25 | 8.58 | |||
| 1HTA | 1.55 | 0.34 | 0.23 | 0.56 | 0.97 | 4.63 | 11.53 | |||
| MEL | 1.61 | 0.28 | 0.11 | 0.72 | 1.59 | 3.38 | 10.93 | |||
| MRL | 0.99 | 0.16 | 0.02 | 4.07 | 0.84 | 2.97 | 6.60 | |||
| MEL | 1.20 | 0.39 | 0.15 | (1.51) | 1.02 | 3.23 | 7.59 | |||
| CJH | 2.19 | 0.47 | 0.13 | 34.93 | 2.25 | 5.08 | 16.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eaton PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eaton PLC Corporate Management
Elected by the shareholders, the Eaton PLC's board of directors comprises two types of representatives: Eaton PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eaton. The board's role is to monitor Eaton PLC's management team and ensure that shareholders' interests are well served. Eaton PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eaton PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Okray | Ex CFO | Profile | |
| Joe Rodgers | VP Compliance | Profile | |
| Taras Szmagala | Ex Officer | Profile | |
| Harpreet Saluja | Sr Planning | Profile | |
| Katrina Redmond | VP Officer | Profile |