Axis Technologies Correlations

AXTG Stock

USD 0 0.0007 100.00%

The current 90-days correlation between Axis Technologies and Morgan Stanley is -0.05 (i.e., Good diversification). The correlation of Axis Technologies 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.

Axis Technologies Correlation With Market

Good diversification

The correlation between Axis Technologies Group and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axis Technologies Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Axis Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axis Technologies 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 Axis Technologies - 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 Axis Technologies Group to buy it.

Moving together with Axis Pink Sheet

0.65	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.71	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.68	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	CGXYY	China Galaxy Securities	Pair Corr
0.7	IBKR	Interactive Brokers Sell-off Trend	Pair Corr
0.63	GM	General Motors Aggressive Push	Pair Corr
0.61	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.65	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.69	RCAT	Red Cat Holdings Trending	Pair Corr
0.65	ZM	Zoom Video Communications Earnings Call Tomorrow	Pair Corr

Moving against Axis Pink Sheet

0.67	PPERY	Bank Mandiri Persero	Pair Corr
0.62	PBCRY	Bank Central Asia	Pair Corr
0.61	BKRKY	Bank Rakyat	Pair Corr
0.58	PPERF	Bank Mandiri Persero	Pair Corr
0.58	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	PBCRF	PT Bank Central	Pair Corr
0.52	BKRKF	PT Bank Rakyat	Pair Corr
0.35	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	MS	GS	SCHW	IBKR	GS-PA	MS-PA	GS-PD	MS-PK
MS		0.93	0.97	0.95	0.77	0.77	0.7	0.16	MS
GS	0.93		0.94	0.92	0.7	0.67	0.61	0.1	GS
SCHW	0.97	0.94		0.94	0.75	0.74	0.67	0.16	SCHW
IBKR	0.95	0.92	0.94		0.7	0.77	0.57	0.3	IBKR
GS-PA	0.77	0.7	0.75	0.7		0.88	0.88	0.36	GS-PA
MS-PA	0.77	0.67	0.74	0.77	0.88		0.78	0.57	MS-PA
GS-PD	0.7	0.61	0.67	0.57	0.88	0.78		0.18	GS-PD
MS-PK	0.16	0.1	0.16	0.3	0.36	0.57	0.18		MS-PK
	MS	GS	SCHW	IBKR	GS-PA	MS-PA	GS-PD	MS-PK

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Risk-Adjusted Indicators

There is a big difference between Axis Pink Sheet performing well and Axis Technologies 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 Axis Technologies' 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
MS	1.29	0.50	0.25	(1.53)	0.87	(1.57)	3.08	(2.30)	13.93
GS	1.34	0.01	0.12	0.13	1.27	(1.51)	2.50	(2.27)	15.41
SCHW	1.06	0.26	0.20	0.41	0.69	(1.14)	2.77	(1.39)	9.62
IBKR	1.27	0.49	0.35	0.45	0.81	(1.52)	3.15	(1.75)	13.76
GS-PA	0.52	0.04	(0.10)	(5.40)	0.65	(0.52)	1.25	(1.09)	3.06
MS-PA	0.40	0.09	(0.06)	(9.40)	0.30	(0.46)	0.90	(0.77)	2.33
GS-PD	0.47	0.01	(0.16)	0.34	0.64	(0.47)	0.79	(1.13)	3.14
MS-PK	0.37	0.04	(0.21)	0.67	0.24	(0.46)	0.80	(0.55)	1.78

Be your own money manager

Our tools can tell you how much better you can do entering a position in Axis Technologies 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.

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Axis Technologies Corporate Management

William Tien	Pres CEO	Profile
William Bethell	Chief Board	Profile
Richard Casinelli	CFO Officer	Profile
Doreen Sim	VP Operations	Profile

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