Exceed World Correlations

EXDW Stock

USD 0.17 0.00 0.00%

The correlation of Exceed World 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Exceed World Correlation With Market

Pay attention - limited upside

The correlation between Exceed World and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exceed World and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Exceed Pink Sheet

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0.62	CECO	CECO Environmental Corp	Pair Corr
0.61	EDU	New Oriental Education	Pair Corr
0.6	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.55	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.53	MFG	Mizuho Financial	Pair Corr
0.49	MZHOF	Mizuho Financial	Pair Corr
0.48	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.47	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.45	ATGE	Adtalem Global Education Symbol Change	Pair Corr
0.39	LRN	Stride Inc	Pair Corr
0.35	GHC	Graham Holdings	Pair Corr
0.32	KB	KB Financial Group	Pair Corr
0.73	MKKGY	Merck KGaA ADR Earnings Call This Week	Pair Corr
0.67	KSKGF	Kingsgate Consolidated	Pair Corr
0.64	CVLG	Covenant Logistics	Pair Corr
0.64	FBIO	Fortress Biotech	Pair Corr
0.63	IMPUF	Impala Platinum Holdings Earnings Call This Week	Pair Corr
0.5	TOELF	Tokyo Electron	Pair Corr
0.49	ASML	ASML Holding NV	Pair Corr
0.48	ENADF	Enad Global 7	Pair Corr
0.4	EXR	Extra Space Storage	Pair Corr
0.35	FLRAF	Essentra plc	Pair Corr
0.35	CKHUY	CK Hutchison Holdings	Pair Corr
0.87	ELEZF	Endesa SA	Pair Corr
0.75	REMI	Remedent	Pair Corr
0.72	WSBC	WesBanco	Pair Corr
0.66	HUBG	Hub Group	Pair Corr
0.64	CCL	Carnival Aggressive Push	Pair Corr
0.6	PRIF-PD	Priorityome Fund	Pair Corr

Related Correlations Analysis

	AOLS	HCANF	MPXOF	SPLM	USMJ	CNTTQ	RGIN	NUGS
AOLS		1.0	1.0	1.0	0.0	0.0	0.0	0.0	AOLS
HCANF	1.0		1.0	1.0	0.0	0.0	0.0	0.0	HCANF
MPXOF	1.0	1.0		1.0	0.0	0.0	0.0	0.0	MPXOF
SPLM	1.0	1.0	1.0		0.0	0.0	0.0	0.0	SPLM
USMJ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	USMJ
CNTTQ	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CNTTQ
RGIN	0.0	0.0	0.0	0.0	0.0	0.0		-0.07	RGIN
NUGS	0.0	0.0	0.0	0.0	0.0	0.0	-0.07		NUGS
	AOLS	HCANF	MPXOF	SPLM	USMJ	CNTTQ	RGIN	NUGS

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

HCANF	+ 1.0	AOLS
MPXOF	+ 1.0	AOLS
SPLM	+ 1.0	AOLS
MPXOF	+ 1.0	HCANF
SPLM	+ 1.0	HCANF
SPLM	+ 1.0	MPXOF

High negative correlations

NUGS	- 0.07	RGIN
NUGS	- 0.0	CNTTQ
RGIN	- 0.0	CNTTQ
NUGS	- 0.0	USMJ
RGIN	- 0.0	USMJ
CNTTQ	- 0.0	USMJ

Risk-Adjusted Indicators

There is a big difference between Exceed Pink Sheet performing well and Exceed World 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 Exceed World'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	Treynor Ratio	Potential Upside	Maximum Drawdown
AOLS	0.00	0.00	0.00	0.00	0.00
HCANF	0.00	0.00	0.00	0.00	0.00
MPXOF	0.00	0.00	0.00	0.00	0.00
SPLM	0.00	0.00	0.00	0.00	0.00
USMJ	0.00	0.00	0.00	0.00	0.00
CNTTQ	0.00	0.00	0.00	0.00	0.00
RGIN	7.44	1.84	0.67	0.00	216.67
NUGS	12.46	6.87	(1.21)	20.00	316.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exceed World 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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