XLMedia PLC Correlations

XLMDF Stock

USD 0.0003 0.00 0.00%

The current 90-days correlation between XLMedia PLC and BCE Inc is 0.02 (i.e., Significant 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

Pay attention - limited upside

The correlation between XLMedia PLC and DJI is -0.75 (i.e., Pay attention - limited upside) 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 Pink Sheet

0.82

IFPJF

Informa plc

Pair Corr

Moving against XLMedia Pink Sheet

0.88	WDC	Western Digital	Pair Corr
0.87	FBNC	First Bancorp	Pair Corr
0.86	TATT	Tat Techno	Pair Corr
0.86	ALRS	Alerus Financial Corp	Pair Corr
0.83	MCCK	Mestek Inc	Pair Corr
0.77	NVST	Envista Holdings Corp	Pair Corr
0.76	USNA	USANA Health Sciences Earnings Call This Week	Pair Corr
0.74	USGO	US GoldMining Common Earnings Call This Week	Pair Corr
0.72	BBBXF	Brixton Metals	Pair Corr
0.71	NYT	New York Times	Pair Corr
0.59	BMYMP	Bristol Myers Squibb	Pair Corr
0.58	STNG	Scorpio Tankers	Pair Corr
0.5	ETR	Entergy	Pair Corr
0.46	CHCO	City Holding	Pair Corr
0.42	212015AQ4	Continental Resources	Pair Corr
0.37	CHYCF	Chiyoda Trending	Pair Corr
0.33	LBGUF	L E Lundbergfretagen Earnings Call This Week	Pair Corr
0.97	VTYX	Ventyx Biosciences	Pair Corr
0.93	ZNOG	Zion Oil Gas	Pair Corr
0.9	ESIFF	ESG Global Impact	Pair Corr
0.89	NRP	Natural Resource Partners	Pair Corr
0.88	MGYOY	MOL PLC ADR Earnings Call This Week	Pair Corr
0.85	RNECF	Renesas Electronics	Pair Corr
0.84	SSEZY	SSE PLC ADR	Pair Corr
0.83	COMP	Compass	Pair Corr

Related Correlations Analysis

	ATDRY	CEVMF	BCEXF	SBSNY	ATDRF	IFPJF	BECEF
ATDRY		-0.61	-0.67	0.13	0.95	0.86	-0.88	ATDRY
CEVMF	-0.61		0.77	-0.33	-0.58	-0.3	0.53	CEVMF
BCEXF	-0.67	0.77		-0.21	-0.67	-0.4	0.61	BCEXF
SBSNY	0.13	-0.33	-0.21		0.15	0.02	-0.09	SBSNY
ATDRF	0.95	-0.58	-0.67	0.15		0.75	-0.78	ATDRF
IFPJF	0.86	-0.3	-0.4	0.02	0.75		-0.84	IFPJF
BECEF	-0.88	0.53	0.61	-0.09	-0.78	-0.84		BECEF
	ATDRY	CEVMF	BCEXF	SBSNY	ATDRF	IFPJF	BECEF

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

ATDRF	+ 0.95	ATDRY
IFPJF	+ 0.86	ATDRY
BCEXF	+ 0.77	CEVMF
IFPJF	+ 0.75	ATDRF
BECEF	+ 0.61	BCEXF
BECEF	+ 0.53	CEVMF

High negative correlations

BECEF	- 0.88	ATDRY
BECEF	- 0.84	IFPJF
BECEF	- 0.78	ATDRF
ATDRF	- 0.67	BCEXF
BCEXF	- 0.67	ATDRY
CEVMF	- 0.61	ATDRY

Risk-Adjusted Indicators

There is a big difference between XLMedia Pink Sheet 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
ATDRY	1.32	(0.72)	0.00	(1.33)	0.00	0.00	2.13	(4.18)	9.09
CEVMF	0.16	0.05	0.00	4.56	0.00	0.00	0.00	0.00	5.37
BCEXF	0.05	0.01	0.00	0.27	0.00	0.00	0.00	0.00	1.52
SBSNY	6.77	0.32	0.03	0.17	10.55	(6.64)	25.91	(22.37)	84.09
ATDRF	2.76	(0.65)	0.00	(0.66)	0.00	0.00	5.20	(8.22)	16.01
IFPJF	0.43	(0.23)	0.00	(1.75)	0.00	0.00	0.00	(0.17)	6.61
BECEF	0.11	0.01	0.00	(1.34)	0.00	0.00	0.52	(0.15)	2.06

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

Ken Dorward	Chief Officer	Profile
Shaun ONeill	Head Sales	Profile
Nigel Leigh	Chief Officer	Profile
Caroline Ackroyd	CFO Director	Profile
David King	CEO Director	Profile
Karen Tyrrell	Chief Officer	Profile

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