Exceed World Correlations
| EXDW Stock | USD 0.17 0.00 0.00% |
The current 90-days correlation between Exceed World and Pure Bioscience is -0.01 (i.e., Good diversification). 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 -0.79 (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.
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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 together with Exceed Pink Sheet
Moving against Exceed Pink Sheet
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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 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PURE | 3.56 | (0.39) | 0.00 | 0.70 | 0.00 | 20.00 | 45.00 | |||
| TNYBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NPRFF | 8.28 | 0.40 | 0.02 | (0.16) | 9.75 | 23.61 | 71.45 | |||
| LNLHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HIGR | 43.15 | 19.19 | 0.24 | (0.90) | 20.98 | 98.02 | 531.82 | |||
| HERB | 16.91 | 2.91 | 0.08 | 11.27 | 16.43 | 70.91 | 123.64 | |||
| INDFY | 0.55 | 0.30 | 0.00 | (0.56) | 0.00 | 0.00 | 18.39 | |||
| NGTF | 7.90 | (0.72) | 0.00 | 1.57 | 0.00 | 17.46 | 42.47 | |||
| KRTL | 8.48 | 0.20 | 0.01 | (0.44) | 11.00 | 25.00 | 79.58 | |||
| LTRE | 8.42 | 2.86 | 0.00 | (0.49) | 0.00 | 25.00 | 204.70 |
Be your own money manager
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