Exro Technologies Correlations

EXROF Stock

USD 0 0.0007 23.33%

The current 90-days correlation between Exro Technologies and Magnis Energy Technologies is 0.28 (i.e., Modest diversification). The correlation of Exro Technologies 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.

Exro Technologies Correlation With Market

Significant diversification

The correlation between Exro Technologies and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exro Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Exro Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exro Technologies 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 Exro Technologies - 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 Exro Technologies to buy it.

Moving together with Exro OTC Stock

0.93	LGRDY	Legrand SA ADR	Pair Corr
0.9	LGRVF	Legrand SA	Pair Corr

Moving against Exro OTC Stock

0.81	PPERY	Bank Mandiri Persero	Pair Corr
0.76	JPSTF	JAPAN POST BANK	Pair Corr
0.71	DGWPF	Drgerwerk AG	Pair Corr
0.66	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.64	MIELY	Mitsubishi Electric Corp	Pair Corr
0.61	PPERF	Bank Mandiri Persero	Pair Corr
0.61	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.59	MIELF	Mitsubishi Electric	Pair Corr
0.45	PTBRY	Bank Negara Indonesia	Pair Corr
0.85	LCDX	Caliber Imaging Diag	Pair Corr
0.85	PLTK	Playtika Holding Corp	Pair Corr
0.84	ARVN	Arvinas	Pair Corr
0.83	FTV	Fortive Corp	Pair Corr
0.78	NAUFF	NevGold Corp	Pair Corr
0.77	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.75	TMSNY	Temenos Group AG	Pair Corr
0.75	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.7	SYF	Synchrony Financial	Pair Corr
0.66	CASXF	Casa Minerals	Pair Corr
0.65	DB	Deutsche Bank AG	Pair Corr
0.57	BROS	Dutch Bros Sell-off Trend	Pair Corr
0.54	MEOAF	Melbana Energy	Pair Corr
0.48	SMXWW	SMX Public Limited	Pair Corr
0.48	EDRVY	EDP Renovveis SA	Pair Corr
0.43	CTOWY	China TowerLimited	Pair Corr

Related Correlations Analysis

	NMHI	APGI	IHGP	AWAW	MNSEF	EFTI	ASCJF	TPCFF	UCIX	PDPTF
NMHI		0.7	0.03	-0.02	0.3	0.0	-0.52	-0.16	0.11	0.06	NMHI
APGI	0.7		0.35	-0.16	0.28	0.0	-0.63	0.11	0.53	-0.11	APGI
IHGP	0.03	0.35		0.18	-0.21	0.0	-0.12	0.31	0.64	-0.19	IHGP
AWAW	-0.02	-0.16	0.18		-0.25	0.0	0.33	-0.12	-0.07	-0.19	AWAW
MNSEF	0.3	0.28	-0.21	-0.25		0.0	-0.42	-0.1	-0.05	0.19	MNSEF
EFTI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EFTI
ASCJF	-0.52	-0.63	-0.12	0.33	-0.42	0.0		-0.09	-0.1	0.09	ASCJF
TPCFF	-0.16	0.11	0.31	-0.12	-0.1	0.0	-0.09		0.46	0.33	TPCFF
UCIX	0.11	0.53	0.64	-0.07	-0.05	0.0	-0.1	0.46		0.08	UCIX
PDPTF	0.06	-0.11	-0.19	-0.19	0.19	0.0	0.09	0.33	0.08		PDPTF
	NMHI	APGI	IHGP	AWAW	MNSEF	EFTI	ASCJF	TPCFF	UCIX	PDPTF

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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

APGI	+ 0.7	NMHI
UCIX	+ 0.64	IHGP
UCIX	+ 0.53	APGI
UCIX	+ 0.46	TPCFF
IHGP	+ 0.35	APGI
ASCJF	+ 0.33	AWAW

High negative correlations

ASCJF	- 0.63	APGI
ASCJF	- 0.52	NMHI
ASCJF	- 0.42	MNSEF
MNSEF	- 0.25	AWAW
MNSEF	- 0.21	IHGP
PDPTF	- 0.19	AWAW

Risk-Adjusted Indicators

There is a big difference between Exro OTC Stock performing well and Exro Technologies OTC Stock 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 Exro Technologies' 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
NMHI	10.82	1.22	0.07	(0.52)	11.54	(15.97)	16.67	(16.67)	128.57
APGI	5.56	0.12	0.00	0.00	8.15	(26.21)	16.67	(16.67)	108.33
IHGP	3.42	(0.54)	0.00	(1.04)	0.00	0.00	4.80	(16.00)	57.39
AWAW	18.46	4.78	0.13	0.98	18.64	(40.94)	66.67	(41.18)	279.49
MNSEF	11.87	2.59	0.00	1.00	0.00	0.00	0.00	(50.00)	266.67
EFTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASCJF	0.65	0.10	0.00	0.39	0.00	0.00	0.00	0.00	20.48
TPCFF	0.08	(0.01)	0.00	0.23	0.00	0.00	0.00	0.00	5.48
UCIX	19.10	2.83	0.05	(0.50)	21.55	(54.96)	70.00	(52.73)	227.01
PDPTF	7.85	1.80	0.09	5.93	9.11	(15.45)	21.43	(15.38)	80.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exro Technologies 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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Exro Technologies Corporate Management

Elected by the shareholders, the Exro Technologies' board of directors comprises two types of representatives: Exro Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Exro. The board's role is to monitor Exro Technologies' management team and ensure that shareholders' interests are well served. Exro Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Exro Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

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