Expensify Correlations

EXFY Stock

USD 1.24 0.03 2.36%

The current 90-days correlation between Expensify and Teads BV is 0.29 (i.e., Modest 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

Excellent diversification

The correlation between Expensify and DJI is -0.55 (i.e., Excellent 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 price.

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

Moving together with Expensify Stock

0.84	U	Unity Software Aggressive Push	Pair Corr
0.86	BL	Blackline	Pair Corr
0.81	DT	Dynatrace Holdings LLC	Pair Corr
0.78	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.69	35U	PAR TECHNOLOGY DL	Pair Corr
0.76	MQ	Marqeta Earnings Call This Week	Pair Corr
0.79	PD	Pagerduty	Pair Corr
0.75	VS	Versus Systems	Pair Corr
0.84	WK	Workiva	Pair Corr
0.88	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.68	RM	RM Plc	Pair Corr
0.76	2TY	PagerDuty	Pair Corr
0.82	DOCU	DocuSign	Pair Corr
0.77	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.78	1Q5	Dropbox	Pair Corr
0.84	VERI	Veritone	Pair Corr
0.83	VERX	Vertex Buyout Trend	Pair Corr
0.81	6NCA	NCINO INC DL	Pair Corr
0.81	DSGX	Descartes Systems	Pair Corr
0.89	LY0	Lyft Inc	Pair Corr
0.79	DTCX	Datacentrex Symbol Change	Pair Corr

Moving against Expensify Stock

0.74	RNI	OXFORD METRICS LS	Pair Corr
0.72	DSG	Dillistone Group PLC	Pair Corr
0.71	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.63	JG	Aurora Mobile	Pair Corr
0.58	TRB	Tribal Group plc	Pair Corr
0.48	LUS1	Lang Schwarz Aktieng	Pair Corr
0.81	MKQ	Mitek Systems	Pair Corr
0.64	89P	CLAVISTER HOLDING	Pair Corr
0.33	PR1	Pri0r1ty Intelligence	Pair Corr

Related Correlations Analysis

	TROO	TEAD	HIT	XTKG	DSP	SVCO	SSTI	NRDY	KULR	AISP
TROO		-0.03	0.0	-0.88	0.03	-0.06	0.48	-0.67	0.13	-0.26	TROO
TEAD	-0.03		0.06	-0.24	-0.14	-0.38	0.24	-0.07	-0.05	-0.38	TEAD
HIT	0.0	0.06		-0.07	0.39	0.42	0.4	0.0	0.07	0.3	HIT
XTKG	-0.88	-0.24	-0.07		0.0	0.15	-0.42	0.68	-0.1	0.34	XTKG
DSP	0.03	-0.14	0.39	0.0		0.78	0.39	0.38	0.78	0.56	DSP
SVCO	-0.06	-0.38	0.42	0.15	0.78		0.11	0.31	0.54	0.62	SVCO
SSTI	0.48	0.24	0.4	-0.42	0.39	0.11		-0.05	0.35	-0.14	SSTI
NRDY	-0.67	-0.07	0.0	0.68	0.38	0.31	-0.05		0.38	0.38	NRDY
KULR	0.13	-0.05	0.07	-0.1	0.78	0.54	0.35	0.38		0.61	KULR
AISP	-0.26	-0.38	0.3	0.34	0.56	0.62	-0.14	0.38	0.61		AISP
	TROO	TEAD	HIT	XTKG	DSP	SVCO	SSTI	NRDY	KULR	AISP

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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

SVCO	+ 0.78	DSP
KULR	+ 0.78	DSP
NRDY	+ 0.68	XTKG
AISP	+ 0.62	SVCO
AISP	+ 0.61	KULR
AISP	+ 0.56	DSP

High negative correlations

XTKG	- 0.88	TROO
NRDY	- 0.67	TROO
SSTI	- 0.42	XTKG
AISP	- 0.38	TEAD
SVCO	- 0.38	TEAD
AISP	- 0.26	TROO

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
TROO	6.36	1.44	0.22	0.79	5.98	(7.41)	15.38	(11.69)	41.09
TEAD	4.96	0.19	0.08	0.17	4.81	(6.85)	11.11	(9.21)	32.98
HIT	4.77	0.26	0.03	0.64	5.43	(5.75)	11.21	(8.11)	30.57
XTKG	14.73	(3.49)	0.00	(6.61)	0.00	0.00	24.24	(34.15)	160.00
DSP	2.31	(0.08)	0.00	0.06	3.39	(2.17)	4.31	(5.74)	13.61
SVCO	2.98	(0.25)	0.00	2.12	0.00	0.00	5.80	(6.62)	15.49
SSTI	2.78	0.21	0.08	0.21	3.53	(2.67)	6.45	(6.06)	19.89
NRDY	3.88	0.04	0.00	0.19	3.86	(4.85)	8.40	(5.93)	20.36
KULR	5.46	0.14	0.08	0.15	5.46	(6.59)	13.83	(9.33)	30.96
AISP	4.32	(0.26)	(0.01)	0.02	4.31	(5.76)	15.02	(7.52)	32.14

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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