Elixxer Correlations

ELIXF Stock

USD 0.03 0.00 0.00%

The correlation of Elixxer 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.

Elixxer Correlation With Market

Excellent diversification

The correlation between Elixxer and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elixxer and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Elixxer Pink Sheet

0.6	TORO	Toro	Pair Corr
0.54	MKKGY	Merck KGaA ADR	Pair Corr
0.53	TEVA	Teva Pharmaceutical	Pair Corr
0.5	MKGAF	MERCK Kommanditgesells	Pair Corr
0.5	TEVA	Teva Pharma Industries	Pair Corr
0.37	HYMTF	Hyundai Motor	Pair Corr
0.32	TAK	Takeda Pharmaceutical	Pair Corr
0.53	ONON	On Holding	Pair Corr
0.47	TATT	Tat Techno	Pair Corr
0.39	YLLXF	Yellow Cake plc	Pair Corr
0.32	BNEFF	Bonterra Energy Corp	Pair Corr
0.64	LRDC	Laredo Oil	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.62	EXAS	EXACT Sciences	Pair Corr
0.6	NWTG	Newton Golf Symbol Change	Pair Corr
0.39	PNRG	PrimeEnergy	Pair Corr
0.32	INTC	Intel	Pair Corr

Related Correlations Analysis

	SNNVF	DXBRF	TCNAF	MRMD	SPBBF	CANSF	FLOOF	MILFF	VEXTF	CXXIF
SNNVF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SNNVF
DXBRF	0.0		0.0	-0.34	0.0	-0.15	0.0	0.16	-0.31	-0.5	DXBRF
TCNAF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCNAF
MRMD	0.0	-0.34	0.0		0.0	0.14	0.0	-0.04	0.46	0.76	MRMD
SPBBF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SPBBF
CANSF	0.0	-0.15	0.0	0.14	0.0		0.0	0.21	0.11	0.24	CANSF
FLOOF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FLOOF
MILFF	0.0	0.16	0.0	-0.04	0.0	0.21	0.0		0.01	0.0	MILFF
VEXTF	0.0	-0.31	0.0	0.46	0.0	0.11	0.0	0.01		0.21	VEXTF
CXXIF	0.0	-0.5	0.0	0.76	0.0	0.24	0.0	0.0	0.21		CXXIF
	SNNVF	DXBRF	TCNAF	MRMD	SPBBF	CANSF	FLOOF	MILFF	VEXTF	CXXIF

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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

CXXIF	+ 0.76	MRMD
VEXTF	+ 0.46	MRMD
CXXIF	+ 0.24	CANSF
MILFF	+ 0.21	CANSF
CXXIF	+ 0.21	VEXTF
MILFF	+ 0.16	DXBRF

High negative correlations

CXXIF	- 0.5	DXBRF
MRMD	- 0.34	DXBRF
VEXTF	- 0.31	DXBRF
CANSF	- 0.15	DXBRF
MILFF	- 0.04	MRMD
CXXIF	- 0.0	MILFF

Risk-Adjusted Indicators

There is a big difference between Elixxer Pink Sheet performing well and Elixxer 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 Elixxer'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
SNNVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DXBRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCNAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRMD	4.60	0.10	0.01	(0.17)	4.97	(6.16)	9.09	(9.09)	60.95
SPBBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANSF	6.30	0.50	0.04	(0.61)	6.59	(10.88)	15.38	(13.33)	35.38
FLOOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MILFF	2.41	0.09	0.00	(0.28)	0.00	0.00	0.00	(12.50)	67.29
VEXTF	4.61	0.21	0.02	(0.23)	4.85	(7.43)	11.11	(9.09)	30.00
CXXIF	6.55	0.07	0.00	0.22	7.57	(9.92)	12.50	(11.76)	81.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Elixxer 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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Elixxer Corporate Management

CPA CMA	Co CFO	Profile
Jeanne Wyk	VP Communications	Profile
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