Ellaktor Correlations
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellaktor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellaktor SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ellaktor |
The ability to find closely correlated positions to Ellaktor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellaktor 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 Ellaktor - 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 Ellaktor SA to buy it.
Related Correlations Analysis
| 0.56 | 0.33 | 0.78 | 0.44 | MYTIL | ||
| 0.56 | 0.83 | 0.53 | 0.37 | GEKTERNA | ||
| 0.33 | 0.83 | 0.34 | 0.35 | PPC | ||
| 0.78 | 0.53 | 0.34 | 0.7 | MOH | ||
| 0.44 | 0.37 | 0.35 | 0.7 | ELPE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Ellaktor Stock performing well and Ellaktor 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 Ellaktor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYTIL | 1.18 | 0.14 | (0.01) | 1.41 | 0.97 | 3.88 | 6.51 | |||
| GEKTERNA | 0.81 | 0.15 | 0.04 | 0.62 | 0.81 | 1.74 | 6.67 | |||
| PPC | 1.00 | 0.06 | (0.04) | 0.36 | 1.04 | 1.95 | 6.49 | |||
| MOH | 0.91 | 0.35 | 0.24 | 1.57 | 0.37 | 2.46 | 5.20 | |||
| ELPE | 1.10 | 0.05 | (0.05) | 0.36 | 1.23 | 2.16 | 5.87 |
Ellaktor Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ellaktor stock to make a market-neutral strategy. Peer analysis of Ellaktor could also be used in its relative valuation, which is a method of valuing Ellaktor by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ellaktor Corporate Management
Elected by the shareholders, the Ellaktor's board of directors comprises two types of representatives: Ellaktor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ellaktor. The board's role is to monitor Ellaktor's management team and ensure that shareholders' interests are well served. Ellaktor'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, Ellaktor's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Evangelia Dimitroulia | Head Compliance | Profile | |
| Dimitrios Koutsoukos | Director Relations | Profile | |
| Dimosthenis Revelas | Chief Officer | Profile | |
| Alexandros Spiliotopoulos | Financial Consultant | Profile | |
| Efthymios Bouloutas | CEO Director | Profile | |
| Vasiliki Niatsou | Corp Services | Profile | |
| Andreas Tsagris | Head Department | Profile |