Expensify Correlations

EXFY Stock

USD 1.45 0.06 4.32%

The current 90-days correlation between Expensify and Nvni Group Limited is -0.08 (i.e., Good diversification). The correlation of Expensify 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.

Expensify Correlation With Market

Very good diversification

The correlation between Expensify and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expensify and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Expensify Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expensify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Expensify Stock please use our How to Invest in Expensify guide.

Moving together with Expensify Stock

0.62

BMR

Beamr Imaging

Pair Corr

Moving against Expensify Stock

0.34	ASUR	Asure Software	Pair Corr
0.52	GE	GE Aerospace	Pair Corr
0.5	CVX	Chevron Corp	Pair Corr
0.46	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	GLUC	Glucose Health	Pair Corr
0.39	MRK	Merck Company Aggressive Push	Pair Corr
0.38	BA	Boeing	Pair Corr
0.34	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	NVNI	SOPA	RYDE	MYSE	SONM	IDAI	AIXI	SOS	ELWS	IFBD
NVNI		-0.25	0.53	0.67	0.32	0.61	0.7	-0.08	0.0	0.64	NVNI
SOPA	-0.25		-0.61	-0.27	-0.29	0.1	-0.35	0.42	0.05	0.08	SOPA
RYDE	0.53	-0.61		0.54	0.69	0.46	0.78	-0.53	-0.07	0.42	RYDE
MYSE	0.67	-0.27	0.54		0.46	0.42	0.63	0.0	-0.12	0.4	MYSE
SONM	0.32	-0.29	0.69	0.46		0.33	0.75	-0.13	-0.06	0.64	SONM
IDAI	0.61	0.1	0.46	0.42	0.33		0.5	0.06	0.04	0.56	IDAI
AIXI	0.7	-0.35	0.78	0.63	0.75	0.5		-0.32	-0.13	0.77	AIXI
SOS	-0.08	0.42	-0.53	0.0	-0.13	0.06	-0.32		0.06	-0.02	SOS
ELWS	0.0	0.05	-0.07	-0.12	-0.06	0.04	-0.13	0.06		-0.02	ELWS
IFBD	0.64	0.08	0.42	0.4	0.64	0.56	0.77	-0.02	-0.02		IFBD
	NVNI	SOPA	RYDE	MYSE	SONM	IDAI	AIXI	SOS	ELWS	IFBD

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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

AIXI	+ 0.78	RYDE
IFBD	+ 0.77	AIXI
AIXI	+ 0.75	SONM
AIXI	+ 0.7	NVNI
SONM	+ 0.69	RYDE
MYSE	+ 0.67	NVNI

High negative correlations

RYDE	- 0.61	SOPA
SOS	- 0.53	RYDE
AIXI	- 0.35	SOPA
SOS	- 0.32	AIXI
SONM	- 0.29	SOPA
MYSE	- 0.27	SOPA

Risk-Adjusted Indicators

There is a big difference between Expensify Stock performing well and Expensify 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 Expensify'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
NVNI	4.53	(0.97)	0.00	(1.76)	0.00	0.00	6.79	(9.31)	57.59
SOPA	8.89	0.33	0.03	0.80	8.58	(13.12)	16.92	(13.88)	91.61
RYDE	4.96	(0.78)	0.00	(0.37)	0.00	0.00	9.68	(10.53)	36.06
MYSE	4.27	(0.70)	0.00	(0.22)	0.00	0.00	9.04	(8.29)	25.91
SONM	6.61	(0.83)	0.00	3.24	0.00	0.00	15.25	(13.45)	38.14
IDAI	4.02	(0.56)	0.00	(0.31)	0.00	0.00	6.92	(7.88)	22.05
AIXI	4.96	(2.46)	0.00	(0.77)	0.00	0.00	8.43	(10.71)	45.03
SOS	5.29	(0.18)	0.00	(0.10)	0.00	0.00	9.01	(12.60)	65.45
ELWS	2,610	1,319	66.74	13.94	0.00	(2,578)	11.79	(11.41)	87,549
IFBD	3.84	(0.51)	0.00	(0.51)	0.00	0.00	8.89	(8.08)	31.52

Expensify Corporate Management

Jason Mills	Chief Director	Profile
Cole Eason	Chief Secretary	Profile
Anuradha Muralidharan	COO Director	Profile
Daniel Vidal	Chief Director	Profile
Ryan Schaffer	CFO Director	Profile
David Barrett	CEO, Founder	Profile

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