E Home Correlations

EJH Stock

USD 0.75 0.03 4.33%

The correlation of E Home 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.

E Home Correlation With Market

Weak diversification

The correlation between E Home Household Service and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding E Home Household Service and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EJH Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E Home Household Service. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with EJH Stock

0.73	PENN	Penn National Gaming	Pair Corr
0.77	AGAE	Allied Gaming Entert	Pair Corr
0.7	SBET	Sharplink Gaming Aggressive Push	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.78	MSFT	Microsoft	Pair Corr

Moving against EJH Stock

0.76	DD	Dupont De Nemours	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.68	FTV	Fortive Corp	Pair Corr
0.6	MRK	Merck Company Sell-off Trend	Pair Corr
0.6	BAC	Bank of America Earnings Call This Week	Pair Corr
0.58	XOM	Exxon Mobil Corp	Pair Corr
0.56	WMT	Walmart Common Stock	Pair Corr
0.5	IBM	International Business	Pair Corr
0.49	KO	Coca Cola	Pair Corr
0.49	AA	Alcoa Corp	Pair Corr
0.46	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.31	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	TRNR	NAAS	JWEL	XWEL	FTEL	IVP	CTNT	WNW	JXG	ECDA
TRNR		0.35	-0.72	0.91	0.68	0.88	0.84	0.75	0.67	0.88	TRNR
NAAS	0.35		0.07	0.34	-0.02	0.09	0.24	0.19	0.03	0.19	NAAS
JWEL	-0.72	0.07		-0.68	-0.66	-0.92	-0.61	-0.65	-0.72	-0.79	JWEL
XWEL	0.91	0.34	-0.68		0.6	0.83	0.83	0.69	0.69	0.82	XWEL
FTEL	0.68	-0.02	-0.66	0.6		0.78	0.85	0.8	0.79	0.89	FTEL
IVP	0.88	0.09	-0.92	0.83	0.78		0.8	0.8	0.81	0.92	IVP
CTNT	0.84	0.24	-0.61	0.83	0.85	0.8		0.81	0.78	0.93	CTNT
WNW	0.75	0.19	-0.65	0.69	0.8	0.8	0.81		0.87	0.87	WNW
JXG	0.67	0.03	-0.72	0.69	0.79	0.81	0.78	0.87		0.84	JXG
ECDA	0.88	0.19	-0.79	0.82	0.89	0.92	0.93	0.87	0.84		ECDA
	TRNR	NAAS	JWEL	XWEL	FTEL	IVP	CTNT	WNW	JXG	ECDA

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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

ECDA	+ 0.93	CTNT
ECDA	+ 0.92	IVP
XWEL	+ 0.91	TRNR
ECDA	+ 0.89	FTEL
IVP	+ 0.88	TRNR
ECDA	+ 0.88	TRNR

High negative correlations

IVP	- 0.92	JWEL
ECDA	- 0.79	JWEL
JXG	- 0.72	JWEL
JWEL	- 0.72	TRNR
XWEL	- 0.68	JWEL
FTEL	- 0.66	JWEL

Risk-Adjusted Indicators

There is a big difference between EJH Stock performing well and E Home 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 E Home'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
TRNR	4.99	(1.73)	0.00	(0.40)	0.00	0.00	7.05	(10.96)	35.62
NAAS	2.85	(0.37)	0.00	(0.19)	0.00	0.00	6.22	(5.41)	21.58
JWEL	3.70	0.35	0.07	0.30	4.53	(4.39)	10.14	(6.79)	41.90
XWEL	2.56	(1.10)	0.00	1.61	0.00	0.00	4.11	(8.00)	24.33
FTEL	22.10	4.23	0.28	0.25	16.12	(31.98)	17.32	(27.94)	653.85
IVP	8.15	(3.50)	0.00	(2.47)	0.00	0.00	13.64	(22.78)	75.68
CTNT	2.34	(0.79)	0.00	(0.32)	0.00	0.00	4.76	(6.18)	17.61
WNW	4.38	(0.16)	0.00	(0.62)	0.00	0.00	7.19	(10.16)	25.24
JXG	7.69	(0.48)	0.00	1.53	0.00	0.00	17.46	(14.72)	90.68
ECDA	8.95	(4.80)	0.00	(1.35)	0.00	0.00	9.66	(26.60)	86.44

E Home Corporate Management

Chunsheng Zhu	Chief Officer	Profile
Wenshan Xie	Chairman CEO	Profile
Mingxiang He	Chief Director	Profile
Yang Chen	Chief Officer	Profile

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