Xometry Correlations

XMTR Stock

USD 63.41 0.12 0.19%

The current 90-days correlation between Xometry and Hillenbrand is 0.06 (i.e., Significant diversification). The correlation of Xometry 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.

Xometry Correlation With Market

Modest diversification

The correlation between Xometry and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xometry and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xometry Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xometry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Xometry Stock, please use our How to Invest in Xometry guide.

Moving together with Xometry Stock

0.61	AL	Air Lease	Pair Corr
0.62	MSI	Multistack International	Pair Corr
0.68	000632	Fujian Sanmu Group	Pair Corr
0.79	AER	AerCap Holdings NV	Pair Corr
0.69	WCC	WESCO International	Pair Corr

Moving against Xometry Stock

0.69	WSO-B	Watsco Inc	Pair Corr
0.66	BXC	BlueLinx Holdings	Pair Corr
0.66	CAI	Caris Life Sciences,	Pair Corr
0.51	DNOW	Now Inc	Pair Corr
0.5	DSGR	Distribution Solutions	Pair Corr
0.5	DXPE	DXP Enterprises	Pair Corr
0.33	FAST	Fastenal	Pair Corr
0.72	IPW	iPower Inc	Pair Corr
0.68	URI	United Rentals	Pair Corr
0.63	GIC	Global Industrial	Pair Corr
0.58	IGC	India Globalization	Pair Corr
0.46	WSO	Watsco Inc	Pair Corr
0.46	HNG	Hancock Gore	Pair Corr
0.42	EVI	EVI Industries	Pair Corr
0.35	FTAI	Fortress Transp Infra	Pair Corr

Related Correlations Analysis

	HI	EPAC	ATS	PCT	NNE	PSIX	ENVX	SXI	AMSC	TIC
HI		-0.19	0.11	-0.68	-0.52	-0.75	-0.49	0.81	-0.6	-0.78	HI
EPAC	-0.19		0.41	0.66	0.63	0.66	0.72	-0.06	0.74	0.68	EPAC
ATS	0.11	0.41		0.09	0.18	0.27	0.21	0.06	0.12	0.21	ATS
PCT	-0.68	0.66	0.09		0.88	0.85	0.91	-0.4	0.93	0.9	PCT
NNE	-0.52	0.63	0.18	0.88		0.75	0.94	-0.2	0.88	0.78	NNE
PSIX	-0.75	0.66	0.27	0.85	0.75		0.77	-0.6	0.9	0.95	PSIX
ENVX	-0.49	0.72	0.21	0.91	0.94	0.77		-0.18	0.93	0.81	ENVX
SXI	0.81	-0.06	0.06	-0.4	-0.2	-0.6	-0.18		-0.37	-0.61	SXI
AMSC	-0.6	0.74	0.12	0.93	0.88	0.9	0.93	-0.37		0.9	AMSC
TIC	-0.78	0.68	0.21	0.9	0.78	0.95	0.81	-0.61	0.9		TIC
	HI	EPAC	ATS	PCT	NNE	PSIX	ENVX	SXI	AMSC	TIC

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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

TIC	+ 0.95	PSIX
ENVX	+ 0.94	NNE
AMSC	+ 0.93	PCT
AMSC	+ 0.93	ENVX
ENVX	+ 0.91	PCT
TIC	+ 0.9	PCT

High negative correlations

TIC	- 0.78	HI
PSIX	- 0.75	HI
PCT	- 0.68	HI
TIC	- 0.61	SXI
SXI	- 0.6	PSIX
AMSC	- 0.6	HI

Risk-Adjusted Indicators

There is a big difference between Xometry Stock performing well and Xometry 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 Xometry'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
HI	1.20	0.37	0.25	0.51	0.63	(1.27)	2.29	(1.89)	18.63
EPAC	1.34	(0.09)	0.00	(0.01)	0.00	0.00	3.65	(2.01)	13.58
ATS	1.74	(0.06)	(0.01)	0.03	2.09	(1.86)	3.58	(3.76)	15.36
PCT	3.97	(0.69)	0.00	(0.17)	0.00	0.00	8.46	(7.32)	20.99
NNE	4.86	(0.68)	0.00	(0.13)	0.00	0.00	9.26	(9.64)	37.48
PSIX	3.89	(0.88)	0.00	(0.30)	0.00	0.00	7.03	(8.26)	29.92
ENVX	4.25	(0.45)	0.00	(0.06)	0.00	0.00	8.99	(8.56)	33.25
SXI	1.52	0.09	0.06	0.13	1.89	(1.55)	3.26	(2.71)	12.69
AMSC	3.82	(1.04)	0.00	(0.23)	0.00	0.00	6.45	(7.16)	47.97
TIC	2.38	(0.61)	0.00	(0.16)	0.00	0.00	3.20	(5.99)	11.80

Xometry Corporate Management

Matt Leibel	Chief Officer	Profile
James CPA	Executive Officer	Profile
Shawn Milne	Vice Relations	Profile
Kristie Scott	Secretary Counsel	Profile
Dmitry Kafidov	Managing Europe	Profile
Matthew Leibel	Chief Officer	Profile

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