Eurobank Ergasias Correlations
| EUROB Stock | EUR 3.17 0.05 1.60% |
The current 90-days correlation between Eurobank Ergasias and Alpha Services and is 0.75 (i.e., Poor diversification). The correlation of Eurobank Ergasias 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.
Eurobank Ergasias Correlation With Market
Significant diversification
The correlation between Eurobank Ergasias Services and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eurobank Ergasias Services and DJI in the same portfolio, assuming nothing else is changed.
Eurobank |
The ability to find closely correlated positions to Eurobank Ergasias could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurobank Ergasias 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 Eurobank Ergasias - 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 Eurobank Ergasias Services to buy it.
Moving together with Eurobank Stock
| 0.76 | TELL | Bank of Greece | PairCorr |
| 0.77 | TATT | Attica Bank SA | PairCorr |
| 0.8 | PPC | Public Power | PairCorr |
| 0.87 | VIO | Viohalco SA | PairCorr |
| 0.99 | TPEIR | Piraeus Financial Earnings Call This Week | PairCorr |
| 0.98 | ALPHA | Alpha Services | PairCorr |
| 0.97 | ETE | National Bank Earnings Call This Week | PairCorr |
Moving against Eurobank Stock
Related Correlations Analysis
| 0.97 | 0.96 | 0.29 | 0.83 | ALPHA | ||
| 0.97 | 0.96 | 0.24 | 0.81 | TPEIR | ||
| 0.96 | 0.96 | 0.17 | 0.77 | ETE | ||
| 0.29 | 0.24 | 0.17 | 0.29 | OPAP | ||
| 0.83 | 0.81 | 0.77 | 0.29 | MYTIL | ||
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Risk-Adjusted Indicators
There is a big difference between Eurobank Stock performing well and Eurobank Ergasias 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 Eurobank Ergasias' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALPHA | 1.77 | 0.67 | 0.31 | 4.44 | 0.92 | 4.76 | 11.66 | |||
| TPEIR | 1.55 | 0.60 | 0.28 | 3.78 | 0.95 | 4.26 | 8.23 | |||
| ETE | 1.43 | 0.42 | 0.18 | 1.76 | 1.08 | 3.33 | 7.72 | |||
| OPAP | 1.06 | 0.00 | (0.08) | 0.20 | 1.37 | 2.50 | 7.39 | |||
| MYTIL | 1.18 | 0.15 | (0.03) | 2.15 | 0.96 | 3.88 | 6.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eurobank Ergasias 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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Eurobank Ergasias Corporate Management
Elected by the shareholders, the Eurobank Ergasias' board of directors comprises two types of representatives: Eurobank Ergasias inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eurobank. The board's role is to monitor Eurobank Ergasias' management team and ensure that shareholders' interests are well served. Eurobank Ergasias' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eurobank Ergasias' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Athanasios Athanasopoulos | GM Sector | Profile | |
| Yannis Chalaris | Investor Mang | Profile | |
| George Orfanidis | Gen Services | Profile | |
| Natassa Paschali | Head GM | Profile | |
| Stavros Ioannou | Group CEO | Profile | |
| Konstantinos Vassiliou | Head CEO | Profile | |
| Anastasios Panoysis | Managing Board | Profile |