X3 Holdings Correlations

Stocks . USA . 
Stock . X3 Holdings Co
XTKG Stock   0.95  0.06  5.94%   
The correlation of X3 Holdings 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.

X3 Holdings Correlation With Market

Average diversification

The correlation between X3 Holdings Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding X3 Holdings Co and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in X3 Holdings Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with XTKG Stock

  0.63U Unity SoftwarePairCorr
  0.7AI C3 Ai IncPairCorr
  0.64AZ A2Z Smart Technologies Tech BoostPairCorr
  0.65ML MoneyLionPairCorr
  0.61WK WorkivaPairCorr
  0.68VERX VertexPairCorr
  0.68DUOL DuolingoPairCorr
  0.63WFCF Where Food ComesPairCorr
  0.84ESTC Elastic NV Tech BoostPairCorr
  0.7EXFY ExpensifyPairCorr

Moving against XTKG Stock

  0.49VTEX VTEXPairCorr
  0.39VERB VERB TECHNOLOGY PANYPairCorr
  0.6EVOL Evolving SystemsPairCorr
  0.36SBIGW SpringBig HoldingsPairCorr
  0.34ETWO E2open Parent HoldingsPairCorr
  0.32ILLRW Triller Group Symbol ChangePairCorr

Related Correlations Analysis

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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   
GATX
+ 0.87
CTOS
HTZWW
+ 0.78
CTOS
HTZWW
+ 0.76
GATX
CAR
+ 0.7
CTOS
HTZWW
+ 0.68
CAR
CAR
+ 0.45
GATX
  
High negative correlations   
LLGCF
- 1.0
CBEEF
AKTAF
- 0.19
GATX
AKTAF
- 0.04
CTOS
HTZWW
- 0.02
AKTAF
LLGCF
- 0.0
HTZWW
LLGCF
- 0.0
AKTAF

Risk-Adjusted Indicators

There is a big difference between XTKG Stock performing well and X3 Holdings 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 X3 Holdings' 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.

X3 Holdings Corporate Executives

Elected by the shareholders, the X3 Holdings' board of directors comprises two types of representatives: X3 Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XTKG. The board's role is to monitor X3 Holdings' management team and ensure that shareholders' interests are well served. X3 Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, X3 Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Yuxia XuCOO CFOProfile
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