XLMedia PLC Correlations

XLM Stock

11.85 0.15 1.25%

The current 90-days correlation between XLMedia PLC and Samsung Electronics Co is -0.05 (i.e., Good diversification). The correlation of XLMedia PLC 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.

XLMedia PLC Correlation With Market

Good diversification

The correlation between XLMedia PLC and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XLMedia PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with XLMedia Stock

0.75	0QYQ	Gilead Sciences	Pair Corr
0.66	DEC	Diversified Energy	Pair Corr

Moving against XLMedia Stock

0.86	HYUD	Hyundai Motor	Pair Corr
0.77	RIGD	Reliance Industries	Pair Corr
0.69	SMSD	Samsung Electronics	Pair Corr
0.68	SMSN	Samsung Electronics	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	RIGD	0RUK	SBID	0M69
SMSD		0.99	0.72	-0.04	0.91	0.08	-0.05	-0.12	SMSD
SMSN	0.99		0.7	-0.05	0.9	0.07	0.0	-0.1	SMSN
HYUD	0.72	0.7		-0.35	0.82	0.1	-0.34	-0.05	HYUD
TYT	-0.04	-0.05	-0.35		-0.2	0.01	0.47	-0.07	TYT
RIGD	0.91	0.9	0.82	-0.2		0.09	-0.16	-0.12	RIGD
0RUK	0.08	0.07	0.1	0.01	0.09		-0.17	0.03	0RUK
SBID	-0.05	0.0	-0.34	0.47	-0.16	-0.17		0.0	SBID
0M69	-0.12	-0.1	-0.05	-0.07	-0.12	0.03	0.0		0M69
	SMSD	SMSN	HYUD	TYT	RIGD	0RUK	SBID	0M69

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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

SMSN	+ 0.99	SMSD
RIGD	+ 0.91	SMSD
RIGD	+ 0.9	SMSN
RIGD	+ 0.82	HYUD
HYUD	+ 0.72	SMSD
HYUD	+ 0.7	SMSN

High negative correlations

TYT	- 0.35	HYUD
SBID	- 0.34	HYUD
RIGD	- 0.2	TYT
SBID	- 0.17	0RUK
SBID	- 0.16	RIGD
0M69	- 0.12	RIGD

Risk-Adjusted Indicators

There is a big difference between XLMedia Stock performing well and XLMedia PLC 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 XLMedia PLC'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
SMSD	1.51	(0.45)	0.00	(2.79)	0.00	0.00	2.72	(3.78)	10.21
SMSN	1.64	(0.57)	0.00	(5.85)	0.00	0.00	3.19	(4.02)	13.39
HYUD	1.89	(0.09)	0.00	0.46	0.00	0.00	4.76	(3.64)	12.58
TYT	1.42	0.00	(0.03)	0.14	2.14	(1.92)	3.04	(3.19)	12.68
RIGD	1.09	(0.33)	0.00	(0.56)	0.00	0.00	2.47	(2.70)	7.89
0RUK	0.36	0.01	0.00	0.30	0.00	0.00	0.00	0.00	11.79
SBID	1.09	(0.08)	0.00	(0.02)	0.00	0.00	2.23	(2.41)	8.15
0M69	4.64	0.82	0.00	(4.63)	0.00	0.00	0.46	0.00	98.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in XLMedia PLC 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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XLMedia PLC Corporate Management

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

Shaun ONeill	Head Sales	Profile
Ken Dorward	Chief Officer	Profile
Peter McCall	General Secretary	Profile
Cody Darwick	Senior Partnership	Profile
Nigel Leigh	Chief Officer	Profile

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