XBP Europe Correlations

XBP Stock

1.26 0.05 3.82%

The current 90-days correlation between XBP Europe Holdings and Arqit Quantum is 0.16 (i.e., Average diversification). The correlation of XBP Europe 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.

XBP Europe Correlation With Market

Good diversification

The correlation between XBP Europe Holdings and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XBP Europe Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XBP Europe Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against XBP Stock

0.49	DOX	Amdocs	Pair Corr
0.46	VERI	Veritone	Pair Corr
0.32	DOCN	DigitalOcean Holdings	Pair Corr
0.52	TLS	Telos Corp	Pair Corr
0.39	HCP	Hashicorp	Pair Corr
0.31	TDC	Teradata Corp	Pair Corr

Related Correlations Analysis

	GCT	ARQQ	TLS	CETX	AUID	DTSS	PRTH	DROP
GCT		-0.21	0.37	-0.75	-0.52	0.53	0.09	0.1	GCT
ARQQ	-0.21		-0.11	0.11	0.37	0.13	0.25	0.49	ARQQ
TLS	0.37	-0.11		-0.39	0.16	0.3	0.01	0.01	TLS
CETX	-0.75	0.11	-0.39		0.48	-0.62	-0.29	-0.25	CETX
AUID	-0.52	0.37	0.16	0.48		-0.34	-0.41	0.14	AUID
DTSS	0.53	0.13	0.3	-0.62	-0.34		0.36	0.2	DTSS
PRTH	0.09	0.25	0.01	-0.29	-0.41	0.36		0.03	PRTH
DROP	0.1	0.49	0.01	-0.25	0.14	0.2	0.03		DROP
	GCT	ARQQ	TLS	CETX	AUID	DTSS	PRTH	DROP

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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

DTSS	+ 0.53	GCT
DROP	+ 0.49	ARQQ
AUID	+ 0.48	CETX
TLS	+ 0.37	GCT
AUID	+ 0.37	ARQQ
PRTH	+ 0.36	DTSS

High negative correlations

CETX	- 0.75	GCT
DTSS	- 0.62	CETX
AUID	- 0.52	GCT
PRTH	- 0.41	AUID
CETX	- 0.39	TLS
DTSS	- 0.34	AUID

Risk-Adjusted Indicators

There is a big difference between XBP Stock performing well and XBP Europe 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 XBP Europe'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
GCT	4.95	0.24	0.06	0.27	4.91	(5.70)	9.70	(7.70)	30.15
ARQQ	8.13	0.80	0.12	0.36	7.96	(10.34)	24.01	(13.79)	58.48
TLS	3.01	(0.26)	(0.02)	0.02	3.76	(3.06)	7.85	(5.90)	25.89
CETX	8.38	(5.37)	0.00	447.91	0.00	0.00	10.53	(33.80)	57.84
AUID	3.68	(0.35)	0.00	(0.11)	0.00	0.00	8.74	(8.74)	29.47
DTSS	4.80	0.55	0.06	1.08	7.14	(5.42)	11.40	(9.20)	61.49
PRTH	4.01	0.50	0.20	0.28	3.28	(4.94)	11.49	(5.60)	22.62
DROP	14.82	1.86	0.13	0.52	12.49	(28.12)	36.54	(23.08)	171.33

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