Expertai SpA Correlations

EXSPF Stock

USD 2.10 0.00 0.00%

The correlation of Expertai SpA 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.

Expertai SpA Correlation With Market

Poor diversification

The correlation between Expertai SpA and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expertai SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Expertai OTC Stock

0.7	GOOG	Alphabet Class C	Pair Corr
0.83	BMYMP	Bristol Myers Squibb	Pair Corr
0.71	META	Meta Platforms	Pair Corr
0.71	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.66	INTC	Intel	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.9	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.79	MRK	Merck Company Sell-off Trend	Pair Corr

Moving against Expertai OTC Stock

0.73	PBCRY	Bank Central Asia	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.48	PBCRF	PT Bank Central	Pair Corr
0.54	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	IARGF	LOQPF	NEOJF	FBSFF	SERKF	SEEMF	XTRAF	WSKEF	KACPF	EMCHF
IARGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IARGF
LOQPF	0.0		0.19	-0.44	-0.43	-0.54	0.36	-0.55	0.0	-0.35	LOQPF
NEOJF	0.0	0.19		-0.44	-0.32	0.13	0.49	0.01	0.0	-0.56	NEOJF
FBSFF	0.0	-0.44	-0.44		0.72	-0.08	-0.59	0.0	0.0	0.79	FBSFF
SERKF	0.0	-0.43	-0.32	0.72		0.24	-0.28	-0.05	0.0	0.57	SERKF
SEEMF	0.0	-0.54	0.13	-0.08	0.24		0.11	0.2	0.0	-0.22	SEEMF
XTRAF	0.0	0.36	0.49	-0.59	-0.28	0.11		-0.09	0.0	-0.67	XTRAF
WSKEF	0.0	-0.55	0.01	0.0	-0.05	0.2	-0.09		0.0	-0.03	WSKEF
KACPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KACPF
EMCHF	0.0	-0.35	-0.56	0.79	0.57	-0.22	-0.67	-0.03	0.0		EMCHF
	IARGF	LOQPF	NEOJF	FBSFF	SERKF	SEEMF	XTRAF	WSKEF	KACPF	EMCHF

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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

EMCHF	+ 0.79	FBSFF
SERKF	+ 0.72	FBSFF
EMCHF	+ 0.57	SERKF
XTRAF	+ 0.49	NEOJF
XTRAF	+ 0.36	LOQPF
SEEMF	+ 0.24	SERKF

High negative correlations

EMCHF	- 0.67	XTRAF
XTRAF	- 0.59	FBSFF
EMCHF	- 0.56	NEOJF
WSKEF	- 0.55	LOQPF
SEEMF	- 0.54	LOQPF
FBSFF	- 0.44	NEOJF

Risk-Adjusted Indicators

There is a big difference between Expertai OTC Stock performing well and Expertai SpA 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 Expertai SpA'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
IARGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOQPF	0.36	(0.21)	0.00	(1.35)	0.00	0.00	0.00	0.00	5.79
NEOJF	12.25	6.67	0.00	(23.97)	0.00	0.00	45.68	(17.64)	19.36
FBSFF	0.31	0.14	0.00	1.18	0.00	0.00	0.00	0.00	10.55
SERKF	1.29	0.20	0.00	1.01	0.00	0.00	4.14	(2.23)	32.21
SEEMF	5.66	0.46	0.04	1.02	6.71	(8.98)	16.67	(15.00)	52.71
XTRAF	2.63	(0.53)	0.00	(0.52)	0.00	0.00	5.00	(6.12)	16.20
WSKEF	34.19	19.61	0.00	(0.36)	0.00	0.00	0.00	0.00	1,185
KACPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMCHF	0.05	0.01	0.00	0.71	0.00	0.00	0.00	0.00	1.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Expertai SpA 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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