Euro Sun Correlations
| ESM Stock | CAD 0.16 0.01 6.67% |
The current 90-days correlation between Euro Sun Mining and Belo Sun Mining is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Euro Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euro Sun Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Euro Sun Correlation With Market
Significant diversification
The correlation between Euro Sun Mining and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euro Sun Mining and DJI in the same portfolio, assuming nothing else is changed.
Euro |
The ability to find closely correlated positions to Euro Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euro Sun 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 Euro Sun - 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 Euro Sun Mining to buy it.
Moving together with Euro Stock
| 0.78 | AG | First Majestic Silver | PairCorr |
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.85 | AMZN | Amazon CDR | PairCorr |
| 0.84 | GOOG | Alphabet CDR | PairCorr |
| 0.88 | MSFT | Microsoft Corp CDR Earnings Call This Week | PairCorr |
| 0.83 | JPM | JPMorgan Chase | PairCorr |
| 0.87 | META | Meta Platforms CDR Earnings Call This Week | PairCorr |
| 0.73 | CHEV | CHEVRON CDR | PairCorr |
| 0.66 | CNQ | Canadian Natural Res | PairCorr |
Moving against Euro Stock
| 0.89 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.64 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.32 | INFM | Infinico Metals Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Euro Stock performing well and Euro Sun 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 Euro Sun'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FF | 3.87 | 0.62 | 0.05 | (0.87) | 4.21 | 7.14 | 33.93 | |||
| BSX | 3.40 | 0.10 | 0.03 | 0.19 | 3.74 | 10.00 | 32.90 | |||
| WM | 5.36 | 0.77 | 0.03 | (0.67) | 6.28 | 20.00 | 36.67 | |||
| LGD | 2.14 | 0.29 | 0.01 | (0.23) | 2.17 | 6.25 | 21.48 | |||
| TLG | 2.57 | 0.33 | 0.08 | 0.80 | 2.51 | 7.69 | 15.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Euro Sun 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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Euro Sun Corporate Management
Elected by the shareholders, the Euro Sun's board of directors comprises two types of representatives: Euro Sun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Euro. The board's role is to monitor Euro Sun's management team and ensure that shareholders' interests are well served. Euro Sun'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, Euro Sun's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel PEng | MD Romania | Profile | |
| Kenny Choi | Corporate Secretary | Profile | |
| Aaron Atin | Company Secretary | Profile | |
| Elizabeth Doddridge | Vice Communications | Profile | |
| MBA CA | Chief Officer | Profile | |
| Bradley BA | VP Devel | Profile | |
| Grant Sboros | CEO Director | Profile |