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 -0.76 (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 together with Exceed Pink Sheet

0.63

PBCRY

Bank Central Asia

Pair Corr

Moving against Exceed Pink Sheet

0.78	LAUR	Laureate Education Earnings Call Today	Pair Corr
0.72	CECO	CECO Environmental Corp	Pair Corr
0.62	EDU	New Oriental Education	Pair Corr
0.53	GHC	Graham Holdings Earnings Call Tomorrow	Pair Corr
0.52	ATGE	Adtalem Global Education	Pair Corr
0.44	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.42	LRN	Stride Inc	Pair Corr
0.36	PPERY	Bank Mandiri Persero	Pair Corr
0.74	STRC	MicroStrategy Incorporated Earnings Call Today	Pair Corr
0.72	MBWM	Mercantile Bank	Pair Corr
0.66	SHECY	Shin Etsu Chemical	Pair Corr
0.62	CABJF	Carlsberg A/S Upward Rally	Pair Corr
0.62	UEPCN	Union Electric	Pair Corr
0.58	CELH	Celsius Holdings	Pair Corr
0.58	CNC	Centene Corp Aggressive Push	Pair Corr
0.56	APLD	Applied Digital	Pair Corr
0.52	AEON	AEON Biopharma	Pair Corr
0.51	BBWI	Bath Body Works	Pair Corr
0.48	SATLF	ZOZO Inc	Pair Corr
0.43	HD	Home Depot Earnings Call This Week	Pair Corr
0.37	BPYPP	Brookfield Property	Pair Corr
0.31	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	MTW	Manitowoc	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.73	PDER	Pardee Resources	Pair Corr
0.68	LAD	Lithia Motors	Pair Corr
0.66	KRUS	Kura Sushi USA	Pair Corr
0.63	GRUSF	Grown Rogue International	Pair Corr

Related Correlations Analysis

	VRED	SMFL	GLCC	AVIX	EMPO	TTCFQ	TIGE	OGGFF	NXTH
VRED		0.0	0.0	1.0	0.0	0.0	1.0	1.0	1.0	VRED
SMFL	0.0		0.0	0.0	-0.22	-0.21	0.0	0.0	0.0	SMFL
GLCC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GLCC
AVIX	1.0	0.0	0.0		0.0	0.0	1.0	1.0	1.0	AVIX
EMPO	0.0	-0.22	0.0	0.0		0.27	0.0	0.0	0.0	EMPO
TTCFQ	0.0	-0.21	0.0	0.0	0.27		0.0	0.0	0.0	TTCFQ
TIGE	1.0	0.0	0.0	1.0	0.0	0.0		1.0	1.0	TIGE
OGGFF	1.0	0.0	0.0	1.0	0.0	0.0	1.0		1.0	OGGFF
NXTH	1.0	0.0	0.0	1.0	0.0	0.0	1.0	1.0		NXTH
	VRED	SMFL	GLCC	AVIX	EMPO	TTCFQ	TIGE	OGGFF	NXTH

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

AVIX	+ 1.0	VRED
TIGE	+ 1.0	VRED
OGGFF	+ 1.0	VRED
NXTH	+ 1.0	VRED
TIGE	+ 1.0	AVIX
OGGFF	+ 1.0	AVIX

High negative correlations

EMPO	- 0.22	SMFL
TTCFQ	- 0.21	SMFL
NXTH	- 0.0	TTCFQ
OGGFF	- 0.0	TTCFQ
TIGE	- 0.0	TTCFQ
NXTH	- 0.0	EMPO

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
VRED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMFL	248.34	139.78	1.87	(0.91)	42.80	(521.51)	1,333	(92.41)	3,214
GLCC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMPO	5.97	3.06	0.00	(2.54)	0.00	0.00	0.00	0.00	200.00
TTCFQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIGE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OGGFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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