CXApp Correlations

CXAIW Stock

0.21 0.01 4.55%

The current 90-days correlation between CXApp Inc and SentinelOne is 0.09 (i.e., Significant diversification). The correlation of CXApp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CXApp Correlation With Market

Average diversification

The correlation between CXApp Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CXApp Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CXApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against CXApp Stock

0.66	DM	Desktop Metal	Pair Corr
0.62	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr
0.55	MI	NFT Limited	Pair Corr
0.54	MU	Micron Technology Aggressive Push	Pair Corr
0.51	SWVLW	Swvl Holdings Corp	Pair Corr
0.51	U	Unity Software Trending	Pair Corr
0.44	DQ	Daqo New Energy	Pair Corr
0.44	JG	Aurora Mobile Trending	Pair Corr
0.43	BL	Blackline	Pair Corr
0.4	S	SentinelOne	Pair Corr
0.38	FI	Fiserv,	Pair Corr
0.36	IT	Gartner	Pair Corr
0.33	BB	BlackBerry Buyout Trend	Pair Corr
0.32	FN	Fabrinet	Pair Corr
0.63	PI	Impinj Inc	Pair Corr
0.63	DSWL	Deswell Industries	Pair Corr
0.58	VS	Versus Systems	Pair Corr
0.54	VERI	Veritone	Pair Corr
0.52	QH	Quhuo	Pair Corr
0.52	DOCN	DigitalOcean Holdings Sell-off Trend	Pair Corr
0.43	NA	Nano Labs Trending	Pair Corr
0.42	DMRC	Digimarc	Pair Corr
0.36	DOCU	DocuSign	Pair Corr

Related Correlations Analysis

	S	U	DIOD	AI	BB	BL	DM	DQ
S		0.42	-0.22	0.82	0.04	0.87	0.08	0.48	S
U	0.42		-0.13	0.45	0.41	0.54	0.6	0.55	U
DIOD	-0.22	-0.13		-0.28	0.12	-0.31	0.18	-0.12	DIOD
AI	0.82	0.45	-0.28		-0.03	0.77	-0.07	0.33	AI
BB	0.04	0.41	0.12	-0.03		0.2	0.31	0.02	BB
BL	0.87	0.54	-0.31	0.77	0.2		0.22	0.66	BL
DM	0.08	0.6	0.18	-0.07	0.31	0.22		0.58	DM
DQ	0.48	0.55	-0.12	0.33	0.02	0.66	0.58		DQ
	S	U	DIOD	AI	BB	BL	DM	DQ

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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

BL	+ 0.87	S
AI	+ 0.82	S
BL	+ 0.77	AI
DQ	+ 0.66	BL
DM	+ 0.6	U
DQ	+ 0.58	DM

High negative correlations

BL	- 0.31	DIOD
AI	- 0.28	DIOD
DIOD	- 0.22	S
DIOD	- 0.13	U
DQ	- 0.12	DIOD
DM	- 0.07	AI

Risk-Adjusted Indicators

There is a big difference between CXApp Stock performing well and CXApp 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 CXApp'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
S	2.04	0.05	0.06	0.15	2.01	(2.42)	5.09	(3.63)	12.03
U	3.33	0.32	0.13	0.27	3.29	(3.78)	8.52	(5.61)	17.78
DIOD	2.30	(0.38)	0.00	(0.04)	0.00	0.00	4.92	(4.41)	15.29
AI	2.52	0.51	0.21	0.39	2.23	(2.79)	6.94	(5.04)	26.01
BB	1.73	(0.18)	(0.04)	0.00	2.43	(1.75)	4.42	(3.83)	13.53
BL	1.42	0.18	0.16	0.23	1.29	(1.59)	3.61	(2.19)	7.65
DM	1.72	0.07	(0.01)	0.67	2.31	(1.87)	3.69	(3.95)	21.58
DQ	4.74	0.57	0.06	(2.00)	6.24	(5.28)	9.83	(7.04)	38.84

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