Power Digital Correlations

Summary

XPDBDelisted Stock

USD 10.43 0.01 0.1%

The correlation of Power Digital 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.

Power Digital Correlation With Market

Significant diversification

The correlation between Power Digital Infrastructure and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Digital Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Power Stock

0.67	PTAIF	PT Astra International	Pair Corr
0.64	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Power Stock

0.63	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.58	BKRKY	Bank Rakyat	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.5	PPERF	Bank Mandiri Persero	Pair Corr
0.49	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.48	PPERY	Bank Mandiri Persero	Pair Corr
0.45	BKRKF	PT Bank Rakyat	Pair Corr
0.34	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	OHAAU	AVACU	OTECU	MOBV	LGST	CETU	MAQC	KWACW	KWAC
OHAAU		-0.2	0.48	0.31	-0.25	-0.01	0.28	0.46	-0.24	OHAAU
AVACU	-0.2		0.56	0.52	-0.34	-0.22	0.53	0.26	0.01	AVACU
OTECU	0.48	0.56		0.55	-0.43	-0.16	0.63	0.56	-0.13	OTECU
MOBV	0.31	0.52	0.55		-0.06	-0.67	0.89	0.31	-0.25	MOBV
LGST	-0.25	-0.34	-0.43	-0.06		-0.01	-0.21	-0.17	0.15	LGST
CETU	-0.01	-0.22	-0.16	-0.67	-0.01		-0.59	0.08	0.07	CETU
MAQC	0.28	0.53	0.63	0.89	-0.21	-0.59		0.34	-0.22	MAQC
KWACW	0.46	0.26	0.56	0.31	-0.17	0.08	0.34		-0.15	KWACW
KWAC	-0.24	0.01	-0.13	-0.25	0.15	0.07	-0.22	-0.15		KWAC
	OHAAU	AVACU	OTECU	MOBV	LGST	CETU	MAQC	KWACW	KWAC

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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

MAQC	+ 0.89	MOBV
MAQC	+ 0.63	OTECU
OTECU	+ 0.56	AVACU
KWACW	+ 0.56	OTECU
MOBV	+ 0.55	OTECU
MAQC	+ 0.53	AVACU

High negative correlations

CETU	- 0.67	MOBV
MAQC	- 0.59	CETU
LGST	- 0.43	OTECU
LGST	- 0.34	AVACU
KWAC	- 0.25	MOBV
LGST	- 0.25	OHAAU

Risk-Adjusted Indicators

There is a big difference between Power Stock performing well and Power Digital 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 Power Digital'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
OHAAU	0.09	(0.02)	0.00	0.44	0.00	0.00	0.00	0.00	4.31
AVACU	0.27	0.01	0.00	0.20	0.00	0.00	1.22	(0.95)	3.82
OTECU	0.20	0.03	0.00	(1.41)	0.00	0.00	0.00	0.00	8.27
MOBV	0.07	0.02	(0.76)	0.83	0.00	(0.16)	0.19	(0.09)	0.47
LGST	0.50	0.03	(0.06)	11.19	0.76	(1.29)	1.33	(2.00)	8.50
CETU	15.15	4.82	0.25	6.37	9.85	(28.19)	10.81	(16.12)	142.19
MAQC	0.24	0.05	(0.11)	(0.44)	0.22	(0.52)	0.62	(0.36)	3.08
KWACW	54.10	19.14	0.47	7.49	29.83	(98.40)	161.33	(62.22)	749.43
KWAC	0.40	0.04	0.00	0.32	0.00	0.00	1.89	0.00	10.08

Delisting Warning - XPDB

Power Digital Infras was delisted

The entity Power Digital Infrastructure with a symbol XPDB was delisted from NASDAQ Exchange. Please try Montana Technologies with a symbol AIRJ from now on. Check all delisted instruments accross multiple markets.

Still Interested in Power Digital Infrastructure?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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