XP Factory Correlations

XPF Stock

12.75 0.75 6.25%

The current 90-days correlation between XP Factory PLC and Software Circle plc is -0.02 (i.e., Good diversification). The correlation of XP Factory 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.

XP Factory Correlation With Market

Good diversification

The correlation between XP Factory PLC and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XP Factory PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with XPF Stock

0.72	CHRY	Chrysalis Investments	Pair Corr
0.75	SIGC	Sherborne Investors	Pair Corr

Moving against XPF Stock

0.8	0UKI	Bank of Nova	Pair Corr
0.78	ESO	EPE Special Opportunities	Pair Corr
0.73	RE-B	REA Holdings plc	Pair Corr
0.73	SSE	SSE PLC	Pair Corr
0.71	JFJ	JPMorgan Japanese	Pair Corr
0.59	MNG	MG Plc	Pair Corr
0.56	GBSS	Gold Bullion Securities	Pair Corr
0.46	0R6V	mobilezone holding	Pair Corr
0.42	CAD	Cadogan Petroleum plc	Pair Corr
0.4	RMMC	River and Mercantile	Pair Corr
0.4	SAFE	Safestore Holdings Plc	Pair Corr
0.39	0QZ3	Qualcomm	Pair Corr
0.37	PCFT	Polar Capital Global	Pair Corr
0.34	DRX	Drax Group PLC	Pair Corr
0.8	0QZK	Coca Cola	Pair Corr
0.79	ALK	Alkemy Capital Inves	Pair Corr
0.74	TEM	Templeton Emerging	Pair Corr
0.7	0J71	JB Hunt Transport	Pair Corr
0.68	0JWG	MKS Instruments	Pair Corr
0.68	PPHC	Public Policy Holding Split	Pair Corr
0.59	BAKK	Bakkavor Group PLC	Pair Corr
0.58	IHG	InterContinental Hotels	Pair Corr
0.56	BIRG	Bank of Ireland	Pair Corr
0.55	STAN	Standard Chartered PLC	Pair Corr
0.49	ICGC	Irish Continental	Pair Corr

Related Correlations Analysis

	SFT	0RDI	0QZ5	0R6V	0FQR	OXH	CIZ	0R8S
SFT		-0.66	0.39	0.1	-0.11	-0.16	0.77	-0.47	SFT
0RDI	-0.66		-0.81	-0.3	-0.17	-0.09	-0.54	0.85	0RDI
0QZ5	0.39	-0.81		0.62	0.34	0.17	0.21	-0.85	0QZ5
0R6V	0.1	-0.3	0.62		0.23	0.37	-0.06	-0.52	0R6V
0FQR	-0.11	-0.17	0.34	0.23		0.28	-0.24	-0.13	0FQR
OXH	-0.16	-0.09	0.17	0.37	0.28		-0.23	-0.2	OXH
CIZ	0.77	-0.54	0.21	-0.06	-0.24	-0.23		-0.42	CIZ
0R8S	-0.47	0.85	-0.85	-0.52	-0.13	-0.2	-0.42		0R8S
	SFT	0RDI	0QZ5	0R6V	0FQR	OXH	CIZ	0R8S

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

0R8S	+ 0.85	0RDI
CIZ	+ 0.77	SFT
0R6V	+ 0.62	0QZ5
0QZ5	+ 0.39	SFT
OXH	+ 0.37	0R6V
0FQR	+ 0.34	0QZ5

High negative correlations

0R8S	- 0.85	0QZ5
0QZ5	- 0.81	0RDI
0RDI	- 0.66	SFT
CIZ	- 0.54	0RDI
0R8S	- 0.52	0R6V
0R8S	- 0.47	SFT

Risk-Adjusted Indicators

There is a big difference between XPF Stock performing well and XP Factory 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 XP Factory'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
SFT	0.82	(0.04)	0.00	0.81	0.00	0.00	2.11	(2.00)	9.87
0RDI	1.25	(0.18)	0.00	(0.41)	0.00	0.00	2.57	(2.83)	14.32
0QZ5	1.07	0.32	0.17	1.14	1.18	(1.17)	2.56	(2.06)	8.47
0R6V	1.02	0.28	0.17	(8.79)	0.82	(1.14)	2.37	(1.60)	12.81
0FQR	0.28	0.00	(0.12)	0.08	0.36	(0.32)	0.58	(0.83)	2.44
OXH	0.27	0.14	0.00	(0.99)	0.00	0.00	0.00	0.00	9.09
CIZ	2.55	(0.13)	0.00	(0.14)	0.00	0.00	10.71	(7.86)	25.57
0R8S	0.91	(0.31)	0.00	1.06	0.00	0.00	1.20	(2.06)	11.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in XP Factory 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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