XcelPlus International Correlations
| XLPI Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between XcelPlus International and Enviro Serv is 0.41 (i.e., Very weak diversification). The correlation of XcelPlus International 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.
XcelPlus International Correlation With Market
Poor diversification
The correlation between XcelPlus International and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XcelPlus International and DJI in the same portfolio, assuming nothing else is changed.
XcelPlus |
The ability to find closely correlated positions to XcelPlus International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XcelPlus International 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 XcelPlus International - 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 XcelPlus International to buy it.
Moving together with XcelPlus Pink Sheet
| 0.73 | UMICY | Umicore SA ADR | PairCorr |
| 0.72 | UMICF | Umicore SA | PairCorr |
| 0.72 | ATMU | Atmus Filtration Tec | PairCorr |
| 0.62 | WNC | Wabash National Earnings Call Tomorrow | PairCorr |
| 0.71 | NHYDY | Norsk Hydro ASA | PairCorr |
| 0.69 | BWA | BorgWarner Earnings Call This Week | PairCorr |
| 0.66 | TCX | Tucows Inc | PairCorr |
Moving against XcelPlus Pink Sheet
| 0.77 | TRNR | Interactive Strength | PairCorr |
| 0.75 | APVO | Aptevo Therapeutics | PairCorr |
| 0.5 | VLCN | Volcon Inc Symbol Change | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between XcelPlus Pink Sheet performing well and XcelPlus International 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 XcelPlus International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVSV | 8.92 | (1.23) | 0.00 | 1.33 | 0.00 | 23.08 | 88.53 | |||
| ETII | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EKSN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PERL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WOAM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCHK | 5.97 | 3.05 | 0.00 | (5.43) | 0.00 | 0.00 | 200.00 | |||
| PRTR | 2.98 | 1.50 | 0.00 | 9.00 | 0.00 | 0.00 | 100.00 | |||
| EAWD | 44.44 | 22.21 | 0.00 | (0.73) | 0.00 | 100.00 | 990.00 | |||
| BWOWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UVSS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in XcelPlus International 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.Did you try this?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
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XcelPlus International Corporate Management
| Andrew Befumo | G Director | Profile | |
| Deborah Antonucci | Director Marketing | Profile | |
| Roberto Roman | Chief Officer | Profile | |
| David Kreitzer | Pres Fuels | Profile | |
| Ian Douglass | Chief Officer | Profile | |
| David Perez | Pres CEO | Profile |