| EDXC Stock | | | USD 0.01 0.0004 3.64% |
The correlation of Endexx Corp 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.
Endexx Corp Correlation With Market
Good diversification
The correlation between Endexx Corp 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 Endexx Corp and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Endexx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endexx Corp 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 Endexx Corp - 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 Endexx Corp to buy it.
Moving together with Endexx Pink Sheet
Moving against Endexx Pink Sheet
Related Correlations Analysis
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Be your own money manager
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Endexx Corp Corporate Management