Crexendo Correlations

CXDO Stock

USD 5.24 0.21 4.17%

The current 90-days correlation between Crexendo and SITO Mobile is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crexendo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crexendo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crexendo Correlation With Market

Weak diversification

The correlation between Crexendo and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crexendo 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 Crexendo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Crexendo Stock, please use our How to Invest in Crexendo guide.

Moving together with Crexendo Stock

0.71	S	SentinelOne	Pair Corr
0.62	BL	Blackline	Pair Corr
0.62	DT	Dynatrace Holdings LLC	Pair Corr
0.65	FI	Fiserv,	Pair Corr

Moving against Crexendo Stock

0.72	XTIA	XTI Aerospace, Symbol Change	Pair Corr
0.69	NTRP	NextTrip Symbol Change	Pair Corr
0.52	WKEY	Wisekey International	Pair Corr
0.43	MKDW	MKDWELL Tech Ordinary	Pair Corr

Related Correlations Analysis

	ATGN	TLTZY	SITOQ	SMNUF	LBRDA	KT	LBRDK	CNSL	CRGE
ATGN		0.52	-0.51	0.44	-0.65	-0.24	-0.64	-0.47	0.09	ATGN
TLTZY	0.52		-0.57	0.25	-0.62	-0.32	-0.62	-0.27	0.25	TLTZY
SITOQ	-0.51	-0.57		-0.23	0.59	0.45	0.6	0.24	-0.29	SITOQ
SMNUF	0.44	0.25	-0.23		-0.64	-0.58	-0.64	-0.86	0.12	SMNUF
LBRDA	-0.65	-0.62	0.59	-0.64		0.52	1.0	0.75	-0.23	LBRDA
KT	-0.24	-0.32	0.45	-0.58	0.52		0.52	0.59	-0.32	KT
LBRDK	-0.64	-0.62	0.6	-0.64	1.0	0.52		0.74	-0.23	LBRDK
CNSL	-0.47	-0.27	0.24	-0.86	0.75	0.59	0.74		-0.2	CNSL
CRGE	0.09	0.25	-0.29	0.12	-0.23	-0.32	-0.23	-0.2		CRGE
	ATGN	TLTZY	SITOQ	SMNUF	LBRDA	KT	LBRDK	CNSL	CRGE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LBRDK	+ 1.0	LBRDA
CNSL	+ 0.75	LBRDA
CNSL	+ 0.74	LBRDK
LBRDK	+ 0.6	SITOQ
LBRDA	+ 0.59	SITOQ
CNSL	+ 0.59	KT

High negative correlations

CNSL	- 0.86	SMNUF
LBRDA	- 0.65	ATGN
LBRDK	- 0.64	SMNUF
LBRDA	- 0.64	SMNUF
LBRDK	- 0.64	ATGN
LBRDK	- 0.62	TLTZY

Risk-Adjusted Indicators

There is a big difference between Crexendo Stock performing well and Crexendo 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 Crexendo'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
ATGN	4.03	(0.72)	0.00	0.77	0.00	0.00	7.14	(15.15)	33.98
TLTZY	1.70	(0.03)	0.00	0.23	0.00	0.00	3.23	(4.23)	17.50
SITOQ	11.70	4.37	0.00	0.60	0.00	0.00	33.33	0.00	150.00
SMNUF	2.96	(0.54)	0.00	0.86	0.00	0.00	7.74	(0.99)	69.48
LBRDA	2.17	0.47	0.27	0.44	1.49	(2.72)	4.70	(3.19)	33.07
KT	1.23	0.16	0.05	0.47	1.62	(1.37)	3.58	(2.09)	11.99
LBRDK	2.13	0.44	0.27	0.43	1.51	(2.82)	4.96	(3.20)	30.97
CNSL	0.20	0.00	(0.27)	0.13	0.18	(0.32)	0.44	(0.43)	1.74
CRGE	3.89	0.01	(0.02)	3.02	5.10	(4.45)	12.09	(8.89)	27.84

Crexendo Corporate Management

Jon Brinton	Chief Officer	Profile
Jeffrey Korn	Chief Administrative Officer	Profile
Neil Lichtman	Executive Marketing	Profile
Tim Wilbourn	Senior Success	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC