Xcel Brands Correlations

Xcel Brands Correlation With Market

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xcel Brands. 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 economic analysis. For information on how to trade Xcel Stock refer to our How to Trade Xcel Stock guide.

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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    HMRZF + 0.8 HNNMY UA + 0.69 HNNMY COLM + 0.69 ZGN HMRZF + 0.55 UA RYPPF + 0.54 TALN ZGN + 0.48 OXM

High negative correlations    VNCE - 0.75 UA VNCE - 0.73 HMRZF VNCE - 0.73 HNNMY OXM - 0.54 HMRZF ZGN - 0.54 TALN OXM - 0.52 TALN

Risk-Adjusted Indicators

There is a big difference between Xcel Stock performing well and Xcel Brands 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 Xcel Brands' 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.