XAI Octagon Correlations

Stocks . USA . 
Stock . XAI Octagon Floating
XFLT Stock  USD 3.98  0.09  2.21%   
The current 90-days correlation between XAI Octagon Floating and Western Asset High is 0.05 (i.e., Significant diversification). The correlation of XAI Octagon 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.

XAI Octagon Correlation With Market

Good diversification

The correlation between XAI Octagon Floating and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XAI Octagon Floating and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with XAI Stock

  0.77BX Blackstone GroupPairCorr
  0.68NP Neptune Insurance Earnings Call TomorrowPairCorr

Moving against XAI Stock

  0.6RA Brookfield Real AssetsPairCorr
  0.34AB AllianceBernstein Normal TradingPairCorr
  0.33FT Franklin Universal ClosedPairCorr
  0.32HHI Henderson High IncomePairCorr
  0.51ALPN Alpine Select AGPairCorr
  0.5VCTR Victory Capital Holdings Normal TradingPairCorr
  0.36SSSS-P Shooting Star AcquisitionPairCorr
  0.478KF ICHIYOSHI SECS LTDPairCorr
  0.33XOX-P Planet X CapitalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between XAI Stock performing well and XAI Octagon 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 XAI Octagon'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
HIX  0.47  0.03 (0.03) 0.44  0.50 
(0.57)
 1.00 
(0.99)
 2.49 
VKI  0.42  0.09  0.04 (1.42) 0.39 
(0.53)
 1.01 
(0.91)
 2.55 
HIO  0.42  0.03 (0.02) 0.20  0.37 
(0.52)
 0.82 
(0.79)
 2.18 
AONIX  0.16  0.01 (0.16) 0.10  0.06 
(0.21)
 0.42 
(0.26)
 1.10 
MINVX  0.62  0.03  0.03  0.10  0.64 
(0.65)
 1.62 
(1.25)
 3.99 
MNVAX  0.63  0.03  0.02  0.09  0.66 
(0.66)
 1.62 
(1.26)
 4.04 
WESJX  0.75  0.17  0.11  1.43  0.76 
(0.80)
 1.66 
(1.71)
 6.27 
BESIX  0.75  0.16  0.10  1.47  0.79 
(0.80)
 1.67 
(1.72)
 6.25 
WESNX  0.90  0.31  0.24  2.43  0.63 
(1.02)
 1.70 
(1.71)
 12.14 
NCZ  0.71  0.07  0.06  0.17  0.72 
(0.78)
 1.38 
(1.35)
 4.02 

XAI Octagon Corporate Management

Lauren BasmadjianPortfolio ManagerProfile
CFA CFAPortfolio ManagerProfile
Benjamin MccullochChief SecretaryProfile
Gretchen CFAPortfolio ManagerProfile
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