Excel Corp Correlations
| EXCC Stock | USD 0.0002 0.00 0.00% |
The current 90-days correlation between Excel Corp and Wee Cig International Corp is -0.01 (i.e., Good diversification). The correlation of Excel 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.
Excel Corp Correlation With Market
Good diversification
The correlation between Excel Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Excel Corp and DJI in the same portfolio, assuming nothing else is changed.
Excel |
The ability to find closely correlated positions to Excel 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 Excel 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 Excel 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 Excel Corp to buy it.
Moving together with Excel Pink Sheet
| 0.71 | ACN | Accenture plc | PairCorr |
| 0.8 | NCRRP | NCR Corp Pref | PairCorr |
| 0.75 | INFY | Infosys Ltd ADR Aggressive Push | PairCorr |
| 0.72 | CTSH | Cognizant Technology | PairCorr |
| 0.73 | CGEMY | Capgemini SE ADR | PairCorr |
| 0.66 | CAPMF | Capgemini SE | PairCorr |
| 0.82 | SPHR | Sphere Entertainment | PairCorr |
| 0.79 | ACGL | Arch Capital Group | PairCorr |
| 0.67 | NMIH | NMI Holdings | PairCorr |
| 0.81 | MH | McGraw Hill | PairCorr |
| 0.78 | TPGTF | TPG Telecom Limited | PairCorr |
| 0.84 | DMAC | DiaMedica Therapeutics | PairCorr |
| 0.66 | TEVA | Teva Pharma Industries | PairCorr |
Moving against Excel Pink Sheet
| 0.33 | FISV | Fiserv Common Stock Symbol Change | PairCorr |
| 0.63 | SNPW | Sun Pacific Holding | PairCorr |
| 0.46 | ENQUF | EnQuest PLC | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Excel Pink Sheet performing well and Excel Corp 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 Excel Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WCIG | 4.75 | 1.06 | 0.00 | (2.48) | 0.00 | 0.00 | 128.79 | |||
| LYLP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PDPR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICRD | 6.36 | 2.74 | 0.00 | (2.73) | 0.00 | 0.00 | 233.33 | |||
| CMCZ | 1.49 | (0.74) | 0.00 | 1.68 | 0.00 | 0.00 | 50.00 | |||
| ALPE | 23.92 | 10.11 | 0.00 | 1.05 | 0.00 | 0.00 | 888.89 | |||
| AVRI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APVS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WEJOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZPAS | 49.50 | 19.08 | 0.00 | 0.68 | 0.00 | 300.00 | 634.62 |
Be your own money manager
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