Exceed World Correlations

EXDW Stock

USD 0.17 0.00 0.00%

The current 90-days correlation between Exceed World and Pure Bioscience is -0.02 (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

Significant diversification

The correlation between Exceed World and DJI is 0.04 (i.e., Significant diversification) 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 together with Exceed Pink Sheet

0.61

NMRD

Nemaura Medical

Pair Corr

Moving against Exceed Pink Sheet

0.92	MEOAF	Melbana Energy	Pair Corr
0.81	CECO	CECO Environmental Corp	Pair Corr
0.8	FCOB	1st Colonial Bancorp	Pair Corr
0.77	SYF	Synchrony Financial	Pair Corr
0.75	LAUR	Laureate Education	Pair Corr
0.73	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.66	ALB	Albemarle Corp	Pair Corr
0.59	TMSNY	Temenos Group AG	Pair Corr
0.59	NRC	National Research Corp	Pair Corr
0.58	GHC	Graham Holdings	Pair Corr
0.48	BYSD	Bayside Corp	Pair Corr
0.45	KLTHF	Koolearn Technology	Pair Corr
0.43	SIDU	Sidus Space Trending	Pair Corr
0.35	KBDC	Kayne Anderson BDC	Pair Corr
0.78	FQVLF	First Quantum Minerals	Pair Corr
0.74	FTV	Fortive Corp	Pair Corr
0.74	RMDFF	Richmond Minerals	Pair Corr
0.68	DB	Deutsche Bank AG	Pair Corr
0.67	SMXWW	SMX Public Limited	Pair Corr
0.66	EL	Estee Lauder Companies	Pair Corr
0.65	EDRVY	EDP Renovveis SA	Pair Corr
0.6	BNXAF	Banxa Holdings Tech Boost	Pair Corr
0.58	DGWPF	Drgerwerk AG	Pair Corr

Related Correlations Analysis

	PURE	TNYBF	NPRFF	LNLHF	HIGR	HERB	INDFY	NGTF	KRTL	LTRE
PURE		0.0	0.09	0.0	-0.06	0.07	-0.92	0.35	-0.37	-0.81	PURE
TNYBF	0.0		0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	TNYBF
NPRFF	0.09	0.0		0.0	0.0	0.02	-0.11	-0.25	-0.3	-0.17	NPRFF
LNLHF	0.0	-1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LNLHF
HIGR	-0.06	0.0	0.0	0.0		0.03	0.18	0.11	-0.11	-0.02	HIGR
HERB	0.07	0.0	0.02	0.0	0.03		-0.09	0.12	0.23	-0.26	HERB
INDFY	-0.92	0.0	-0.11	0.0	0.18	-0.09		-0.21	0.33	0.82	INDFY
NGTF	0.35	0.0	-0.25	0.0	0.11	0.12	-0.21		-0.06	-0.21	NGTF
KRTL	-0.37	0.0	-0.3	0.0	-0.11	0.23	0.33	-0.06		0.25	KRTL
LTRE	-0.81	0.0	-0.17	0.0	-0.02	-0.26	0.82	-0.21	0.25		LTRE
	PURE	TNYBF	NPRFF	LNLHF	HIGR	HERB	INDFY	NGTF	KRTL	LTRE

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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

LTRE	+ 0.82	INDFY
NGTF	+ 0.35	PURE
KRTL	+ 0.33	INDFY
LTRE	+ 0.25	KRTL
KRTL	+ 0.23	HERB
INDFY	+ 0.18	HIGR

High negative correlations

LNLHF	- 1.0	TNYBF
INDFY	- 0.92	PURE
LTRE	- 0.81	PURE
KRTL	- 0.37	PURE
KRTL	- 0.3	NPRFF
LTRE	- 0.26	HERB

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	4.12	(1.14)	0.00	(0.93)	0.00	0.00	14.29	(16.67)	40.00
TNYBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NPRFF	9.54	0.26	0.00	(0.02)	10.80	(13.18)	23.61	(20.09)	71.45
LNLHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HIGR	43.46	18.66	0.26	(1.13)	21.61	(207.46)	83.33	(73.87)	531.82
HERB	12.20	1.89	0.06	2.38	13.08	(30.54)	48.06	(36.17)	107.51
INDFY	0.59	0.35	0.00	(0.45)	0.00	0.00	0.00	0.00	18.39
NGTF	8.63	1.36	0.12	1.79	9.88	(10.22)	19.63	(15.60)	83.54
KRTL	8.13	0.62	0.05	0.42	8.52	(13.79)	22.22	(14.29)	50.00
LTRE	6.41	3.34	0.00	(0.87)	0.00	0.00	17.65	0.00	162.86

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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