Emerald Expositions Correlations

EEX Stock

USD 3.54 0.06 1.67%

The current 90-days correlation between Emerald Expositions and Finnair Oyj is 0.08 (i.e., Significant diversification). The correlation of Emerald Expositions 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Emerald Expositions Correlation With Market

Very weak diversification

The correlation between Emerald Expositions Events and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerald Expositions Events and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emerald Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerald Expositions Events. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in commodities.

Moving together with Emerald Stock

0.88	003010	Guangzhou Ruoyuchen Split	Pair Corr
0.74	605168	Threes Company	Pair Corr
0.65	NCMI	National CineMedia	Pair Corr
0.73	SBDS	Silver Bullet Data	Pair Corr
0.9	OML	OohMedia	Pair Corr

Moving against Emerald Stock

0.8	300058	BlueFocus Communication	Pair Corr
0.77	300071	Spearhead Integrated	Pair Corr
0.57	000917	Hunan TV Broadcast	Pair Corr
0.5	002400	Guangdong Advertising	Pair Corr
0.39	002712	Simei Media	Pair Corr
0.8	TLK	Telkom Indonesia Tbk	Pair Corr
0.8	AAPL	Apple Inc	Pair Corr
0.74	BKRKF	PT Bank Rakyat	Pair Corr
0.62	CREX	Creative Realities	Pair Corr
0.62	PBCRY	Bank Central Asia	Pair Corr
0.62	YZCAY	Yanzhou Coal Mining	Pair Corr
0.58	PPERY	Bank Mandiri Persero	Pair Corr
0.53	VMI	Valmont Industries	Pair Corr
0.51	DVLT	Datavault AI Symbol Change	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.41	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.41	DUK-PA	Duke Energy	Pair Corr
0.34	IE	Ivanhoe Electric Earnings Call This Week	Pair Corr
0.31	SSNLF	Samsung Electronics	Pair Corr

Related Correlations Analysis

	TAL	LAUR	CHNUF	FNNNF	FICO	ESINQ	CRSR
TAL		0.47	0.0	-0.35	0.19	0.0	-0.12	TAL
LAUR	0.47		0.0	-0.36	0.4	0.0	-0.41	LAUR
CHNUF	0.0	0.0		0.0	0.0	1.0	0.0	CHNUF
FNNNF	-0.35	-0.36	0.0		-0.51	0.0	0.8	FNNNF
FICO	0.19	0.4	0.0	-0.51		0.0	-0.74	FICO
ESINQ	0.0	0.0	1.0	0.0	0.0		0.0	ESINQ
CRSR	-0.12	-0.41	0.0	0.8	-0.74	0.0		CRSR
	TAL	LAUR	CHNUF	FNNNF	FICO	ESINQ	CRSR

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

ESINQ	+ 1.0	CHNUF
CRSR	+ 0.8	FNNNF
LAUR	+ 0.47	TAL
FICO	+ 0.4	LAUR
FICO	+ 0.19	TAL
CHNUF	+ 0.0	TAL

High negative correlations

CRSR	- 0.74	FICO
FICO	- 0.51	FNNNF
CRSR	- 0.41	LAUR
FNNNF	- 0.36	LAUR
FNNNF	- 0.35	TAL
CRSR	- 0.12	TAL

Risk-Adjusted Indicators

There is a big difference between Emerald Stock performing well and Emerald Expositions 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 Emerald Expositions' 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
TAL	1.92	(0.04)	0.00	0.03	2.29	(2.11)	4.78	(4.00)	12.35
LAUR	1.27	0.17	0.07	0.37	1.98	(1.40)	2.88	(2.22)	18.76
CHNUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNNNF	0.44	(0.12)	0.00	(0.68)	0.00	0.00	0.00	0.00	13.01
FICO	2.02	0.33	0.13	0.35	2.37	(2.36)	4.33	(3.29)	27.80
ESINQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRSR	2.69	(0.63)	0.00	(0.19)	0.00	0.00	4.48	(7.03)	21.94

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