Eagle Pointome Correlations

EIC Stock

USD 11.15 0.03 0.27%

The current 90-days correlation between Eagle Pointome and Stellus Capital Investment is -0.13 (i.e., Good diversification). The correlation of Eagle Pointome 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.

Eagle Pointome Correlation With Market

Significant diversification

The correlation between Eagle Pointome 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 Eagle Pointome and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eagle Stock

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

For information on how to trade Eagle Stock refer to our How to Trade Eagle Stock guide.

Moving together with Eagle Stock

0.88	3PLAND	3P Land Holdings	Pair Corr
0.7	ELTLF	Elementos Limited	Pair Corr

Moving against Eagle Stock

0.49	IE	Ivanhoe Electric	Pair Corr
0.44	CAV	Carnavale Resources Split	Pair Corr
0.39	PWM	Power Metals Corp Earnings Call Today	Pair Corr
0.38	AME	Abacus Mining Earnings Call Today	Pair Corr
0.32	VDO-H	Nevado Resources Earnings Call This Week	Pair Corr
0.8	CVV	Caravel Minerals	Pair Corr
0.78	ALS	Altius Minerals	Pair Corr
0.73	NOB	Noble Mineral Exploration	Pair Corr
0.63	FPX	FPX Nickel Corp Earnings Call Tomorrow	Pair Corr
0.55	PSL	Paterson Resources	Pair Corr
0.53	KDNC	Cadence Minerals PLC	Pair Corr
0.45	AON	Apollo Minerals	Pair Corr
0.37	LML	Lincoln Minerals	Pair Corr
0.73	IMI	Infinity Mining	Pair Corr
0.7	601121	Xinjiang Baodi Mining	Pair Corr
0.66	PEX	Peel Mining	Pair Corr
0.61	BOC	Bougainville Copper	Pair Corr
0.6	SAG	Sterling Metals Corp Earnings Call This Week	Pair Corr
0.46	HTM	High Tech Metals	Pair Corr

Related Correlations Analysis

	SCM	DHIL	SAR	CBK	SOR	DXYZ	ECC	MVBF	FMAO	OBT
SCM		0.8	0.72	-0.14	-0.86	0.39	0.87	-0.85	0.85	0.62	SCM
DHIL	0.8		0.85	0.17	-0.83	0.55	0.82	-0.61	0.79	0.31	DHIL
SAR	0.72	0.85		0.09	-0.67	0.45	0.74	-0.61	0.69	0.25	SAR
CBK	-0.14	0.17	0.09		0.13	0.13	-0.02	0.32	-0.05	-0.38	CBK
SOR	-0.86	-0.83	-0.67	0.13		-0.41	-0.77	0.73	-0.71	-0.39	SOR
DXYZ	0.39	0.55	0.45	0.13	-0.41		0.6	-0.25	0.37	-0.05	DXYZ
ECC	0.87	0.82	0.74	-0.02	-0.77	0.6		-0.63	0.75	0.45	ECC
MVBF	-0.85	-0.61	-0.61	0.32	0.73	-0.25	-0.63		-0.75	-0.6	MVBF
FMAO	0.85	0.79	0.69	-0.05	-0.71	0.37	0.75	-0.75		0.72	FMAO
OBT	0.62	0.31	0.25	-0.38	-0.39	-0.05	0.45	-0.6	0.72		OBT
	SCM	DHIL	SAR	CBK	SOR	DXYZ	ECC	MVBF	FMAO	OBT

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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

ECC	+ 0.87	SCM
FMAO	+ 0.85	SCM
SAR	+ 0.85	DHIL
ECC	+ 0.82	DHIL
DHIL	+ 0.8	SCM
FMAO	+ 0.79	DHIL

High negative correlations

SOR	- 0.86	SCM
MVBF	- 0.85	SCM
SOR	- 0.83	DHIL
ECC	- 0.77	SOR
FMAO	- 0.75	MVBF
FMAO	- 0.71	SOR

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Pointome 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 Eagle Pointome'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
SCM	1.06	(0.29)	0.00	(0.39)	0.00	0.00	1.87	(2.90)	6.80
DHIL	1.01	(0.24)	0.00	(0.19)	0.00	0.00	1.94	(2.20)	7.88
SAR	0.86	(0.08)	0.00	0.95	0.00	0.00	1.64	(2.41)	6.87
CBK	0.93	0.01	(0.01)	0.05	0.96	(1.19)	1.93	(1.87)	4.84
SOR	0.50	0.10	0.11	0.67	0.40	(0.57)	0.98	(0.94)	2.92
DXYZ	3.02	(0.39)	0.00	(1.55)	0.00	0.00	4.88	(4.89)	41.48
ECC	1.35	(0.22)	0.00	(0.34)	0.00	0.00	2.76	(3.38)	7.98
MVBF	1.04	0.14	0.07	0.86	1.22	(1.07)	2.85	(2.70)	7.01
FMAO	1.85	(0.03)	0.01	0.03	2.14	(2.10)	3.26	(3.80)	14.23
OBT	1.52	0.04	0.03	0.08	1.75	(1.78)	3.31	(2.90)	10.12

Eagle Pointome Corporate Management

Kenneth CPA	CFO COO	Profile
Thomas CPA	Chairperson CEO	Profile
Nauman Malik	Chief Officer	Profile
Courtney Fandrick	Secretary	Profile
Nauman JD	Chief Officer	Profile

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