Eastern Correlations

EML Stock

USD 20.15 0.39 1.90%

The current 90-days correlation between Eastern and Gulf Island Fabrication is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eastern Correlation With Market

Weak diversification

The correlation between Eastern Co and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eastern Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eastern Stock

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

Moving together with Eastern Stock

0.7	HY	Hyster Yale Materials	Pair Corr
0.75	301053	Yoantion Industrial	Pair Corr
0.68	AIN	Albany International	Pair Corr
0.86	002757	Nanxing Furniture	Pair Corr
0.68	KAI	Kadant Inc	Pair Corr
0.74	PNR	Pentair PLC	Pair Corr
0.85	TRS	TriMas	Pair Corr
0.84	688700	Kunshan Dongwei Tech	Pair Corr
0.82	603109	Senci Electric Machinery	Pair Corr
0.84	HYFM	Hydrofarm Holdings Buyout Trend	Pair Corr
0.9	605259	Lutian Machinery	Pair Corr
0.87	EGL	Environmental Group	Pair Corr
0.88	ILAG	Intelligent Living	Pair Corr
0.83	300629	King Strong New	Pair Corr

Moving against Eastern Stock

0.7	FTV	Fortive Corp	Pair Corr
0.69	RFG	Roebuck Food Group	Pair Corr
0.65	PH	Parker Hannifin	Pair Corr
0.6	DOV	Dover	Pair Corr
0.43	002534	Xizi Clean Energy	Pair Corr
0.36	600765	AVIC Heavy Machinery	Pair Corr
0.34	WATR	Current Water Techno	Pair Corr
0.82	PRV	Porvair plc	Pair Corr
0.73	WWD	Woodward	Pair Corr
0.62	GTLS	Chart Industries	Pair Corr
0.5	300823	Tjk Machinery Tianjin	Pair Corr
0.5	688122	Western Superconducting	Pair Corr
0.41	FTAIN	Fortress Transportation	Pair Corr

Related Correlations Analysis

	GIFI	SRFM	ESP	MVST	SCAG	TAYD	MATH	OPXS	VOLT	IRS
GIFI		-0.93	-0.09	-0.46	-0.79	0.44	-0.69	-0.07	0.14	0.88	GIFI
SRFM	-0.93		-0.03	0.51	0.76	-0.56	0.69	0.08	-0.04	-0.92	SRFM
ESP	-0.09	-0.03		-0.57	0.48	0.57	0.26	-0.49	-0.63	-0.04	ESP
MVST	-0.46	0.51	-0.57		0.1	-0.72	-0.1	0.73	0.65	-0.38	MVST
SCAG	-0.79	0.76	0.48	0.1		-0.09	0.64	-0.11	-0.29	-0.75	SCAG
TAYD	0.44	-0.56	0.57	-0.72	-0.09		-0.15	-0.46	-0.4	0.45	TAYD
MATH	-0.69	0.69	0.26	-0.1	0.64	-0.15		-0.43	-0.49	-0.7	MATH
OPXS	-0.07	0.08	-0.49	0.73	-0.11	-0.46	-0.43		0.87	0.11	OPXS
VOLT	0.14	-0.04	-0.63	0.65	-0.29	-0.4	-0.49	0.87		0.25	VOLT
IRS	0.88	-0.92	-0.04	-0.38	-0.75	0.45	-0.7	0.11	0.25		IRS
	GIFI	SRFM	ESP	MVST	SCAG	TAYD	MATH	OPXS	VOLT	IRS

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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

IRS	+ 0.88	GIFI
VOLT	+ 0.87	OPXS
SCAG	+ 0.76	SRFM
OPXS	+ 0.73	MVST
MATH	+ 0.69	SRFM
VOLT	+ 0.65	MVST

High negative correlations

SRFM	- 0.93	GIFI
IRS	- 0.92	SRFM
SCAG	- 0.79	GIFI
IRS	- 0.75	SCAG
TAYD	- 0.72	MVST
IRS	- 0.7	MATH

Risk-Adjusted Indicators

There is a big difference between Eastern Stock performing well and Eastern 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 Eastern'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
GIFI	2.32	0.85	0.39	1.85	1.01	(3.06)	4.70	(3.25)	49.85
SRFM	4.08	(1.03)	0.00	1.27	0.00	0.00	7.39	(8.50)	20.95
ESP	2.07	(0.16)	0.00	(0.62)	0.00	0.00	4.48	(5.18)	17.91
MVST	4.29	0.13	0.03	0.13	5.06	(4.43)	8.57	(8.91)	31.06
SCAG	4.58	(0.04)	0.00	0.15	0.00	0.00	10.78	(7.57)	31.51
TAYD	2.44	0.30	0.05	(0.83)	3.54	(2.38)	4.52	(5.14)	24.54
MATH	3.55	(0.18)	0.00	(2.95)	0.00	0.00	7.61	(7.77)	24.04
OPXS	3.05	0.40	0.08	(0.59)	3.43	(3.45)	6.87	(5.62)	23.53
VOLT	0.92	0.10	0.01	(0.43)	1.19	(0.97)	1.74	(2.12)	5.37
IRS	2.71	0.58	0.20	0.88	2.18	(3.44)	6.34	(3.90)	36.65

Eastern Corporate Management

Peter OHara	Chief Officer	Profile
Jeffrey Fleming	Managing Eberhard	Profile
Ernie Hawkins	Executive Officer	Profile
Christopher Moulton	Head Relations	Profile

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