EdgeMode Correlations

EDGM Stock

0.01 0.0006 4.96%

The current 90-days correlation between EdgeMode and Rivian Automotive is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EdgeMode moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EdgeMode moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EdgeMode Correlation With Market

Good diversification

The correlation between EdgeMode and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EdgeMode and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EdgeMode Pink Sheet

0.67	MSFT	Microsoft Aggressive Push	Pair Corr
0.76	AMZN	Amazon Inc	Pair Corr

Moving against EdgeMode Pink Sheet

0.83	TRNO	Terreno Realty	Pair Corr
0.7	OGE	OGE Energy	Pair Corr
0.68	LTSK	Ladenburg Thalmann	Pair Corr
0.65	DTE	DTE Energy	Pair Corr
0.58	PSPSF	PSP Swiss Property	Pair Corr
0.57	TKR	Timken Company	Pair Corr
0.57	SWGAY	Swatch Group AG	Pair Corr
0.52	BMYMP	Bristol Myers Squibb	Pair Corr
0.52	OZK	Bank Ozk	Pair Corr
0.48	ARMK	Aramark Holdings	Pair Corr
0.46	BHPLF	BHP Group Limited	Pair Corr
0.43	TSM	Taiwan Semiconductor	Pair Corr
0.43	EDRVF	EDP Renovaveis	Pair Corr
0.37	CLOEF	Cloetta AB ser	Pair Corr
0.37	GAM	General American Inv	Pair Corr
0.31	BIRDF	Bird Construction Earnings Call This Week	Pair Corr
0.72	CP	Canadian Pacific Railway	Pair Corr
0.7	TMHC	Taylor Morn Home	Pair Corr
0.66	RCIT	Reelcause	Pair Corr
0.66	ASTE	Astec Industries	Pair Corr
0.66	FFBC	First Financial Bancorp	Pair Corr
0.65	LONKF	Lonking Holdings	Pair Corr
0.65	APPCF	APAC Resources	Pair Corr
0.64	EXC	Exelon	Pair Corr
0.63	PSWR	Prism Software	Pair Corr
0.6	BYM	BlackRock Municipal	Pair Corr
0.57	SAPMF	Saipem SpA Earnings Call This Week	Pair Corr

Related Correlations Analysis

	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN
XPEV		-0.25	-0.51	-0.23	-0.52	-0.54	0.35	0.58	0.6	XPEV
LI	-0.25		0.56	0.22	0.07	0.14	0.55	-0.55	-0.4	LI
PHM	-0.51	0.56		0.5	0.58	0.66	-0.07	-0.78	-0.67	PHM
HMC	-0.23	0.22	0.5		0.42	0.59	-0.12	-0.34	-0.33	HMC
ULTA	-0.52	0.07	0.58	0.42		0.91	-0.5	-0.73	-0.43	ULTA
WSM	-0.54	0.14	0.66	0.59	0.91		-0.51	-0.77	-0.59	WSM
NIO	0.35	0.55	-0.07	-0.12	-0.5	-0.51		0.09	0.19	NIO
STLA	0.58	-0.55	-0.78	-0.34	-0.73	-0.77	0.09		0.66	STLA
RIVN	0.6	-0.4	-0.67	-0.33	-0.43	-0.59	0.19	0.66		RIVN
	XPEV	LI	PHM	HMC	ULTA	WSM	NIO	STLA	RIVN

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

WSM	+ 0.91	ULTA
WSM	+ 0.66	PHM
RIVN	+ 0.66	STLA
RIVN	+ 0.6	XPEV
WSM	+ 0.59	HMC
STLA	+ 0.58	XPEV

High negative correlations

STLA	- 0.78	PHM
STLA	- 0.77	WSM
STLA	- 0.73	ULTA
RIVN	- 0.67	PHM
RIVN	- 0.59	WSM
STLA	- 0.55	LI

Risk-Adjusted Indicators

There is a big difference between EdgeMode Pink Sheet performing well and EdgeMode 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 EdgeMode'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
XPEV	2.44	(0.45)	0.00	(0.55)	0.00	0.00	6.18	(4.70)	16.73
LI	1.68	(0.13)	0.00	(0.09)	0.00	0.00	3.54	(3.18)	9.90
PHM	1.54	0.05	0.03	0.09	1.53	(1.91)	3.75	(2.54)	11.80
HMC	1.24	(0.13)	0.00	(0.07)	0.00	0.00	2.96	(2.88)	7.85
ULTA	1.48	0.37	0.24	0.69	1.23	(1.78)	2.81	(2.32)	16.26
WSM	1.68	0.11	0.07	0.10	1.77	(1.75)	3.85	(2.71)	11.23
NIO	2.30	(0.26)	0.00	(0.41)	0.00	0.00	4.59	(4.77)	11.98
STLA	2.29	(0.43)	0.00	0.84	0.00	0.00	4.41	(4.22)	29.67
RIVN	3.05	0.02	0.01	0.05	2.88	(4.65)	10.70	(5.22)	33.75

EdgeMode Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EdgeMode pink sheet to make a market-neutral strategy. Peer analysis of EdgeMode could also be used in its relative valuation, which is a method of valuing EdgeMode by comparing valuation metrics with similar companies.

Xpeng Inc Li Auto PulteGroup Honda Motor Co Ulta Beauty Williams Sonoma Nio Class A Stellantis NV Rivian Automotive American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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