XMax Correlations

XWIN Stock

6.00 0.06 0.99%

The current 90-days correlation between XMax Inc and Four Seasons Education is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as XMax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XMax Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

XMax Correlation With Market

Significant diversification

The correlation between XMax Inc and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XMax Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with XMax Stock

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

Moving together with XMax Stock

0.65	RL	Ralph Lauren Corp	Pair Corr
0.62	BRBY	Burberry Group PLC	Pair Corr
0.62	MUL	Mulberry Group PLC	Pair Corr
0.69	301276	Beijing Jiaman Dress	Pair Corr
0.65	TPR	Tapestry	Pair Corr
0.67	VFC	VF Corporation	Pair Corr

Moving against XMax Stock

0.67	DOGZ	Dogness International	Pair Corr
0.62	300577	Anhui Korrun	Pair Corr
0.61	WLDS	Wearable Devices	Pair Corr
0.58	EZGO	EZGO Technologies	Pair Corr
0.57	600398	HLA GROUP P	Pair Corr
0.49	VEEE	Twin Vee Powercats	Pair Corr
0.43	DOCS	Dr Martens PLC	Pair Corr
0.41	UA	Under Armour C	Pair Corr
0.36	GOOS	Canada Goose Holdings	Pair Corr
0.68	HMR	Heidmar Maritime Holdings	Pair Corr
0.63	PVH	PVH Corp	Pair Corr
0.6	KTB	Kontoor Brands	Pair Corr
0.49	UHG	United Homes Group	Pair Corr
0.39	UAA	Under Armour A	Pair Corr

Related Correlations Analysis

	FEDU	JPDYY	ATGE	AMCT	FIGI	BCOMF
FEDU		-0.4	0.31	0.0	0.0	-0.59	FEDU
JPDYY	-0.4		-0.96	0.0	0.0	0.65	JPDYY
ATGE	0.31	-0.96		0.0	0.0	-0.62	ATGE
AMCT	0.0	0.0	0.0		-1.0	0.0	AMCT
FIGI	0.0	0.0	0.0	-1.0		0.0	FIGI
BCOMF	-0.59	0.65	-0.62	0.0	0.0		BCOMF
	FEDU	JPDYY	ATGE	AMCT	FIGI	BCOMF

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

BCOMF	+ 0.65	JPDYY
ATGE	+ 0.31	FEDU
AMCT	+ 0.0	FEDU
FIGI	+ 0.0	FEDU
AMCT	+ 0.0	JPDYY
FIGI	+ 0.0	JPDYY

High negative correlations

FIGI	- 1.0	AMCT
ATGE	- 0.96	JPDYY
BCOMF	- 0.62	ATGE
BCOMF	- 0.59	FEDU
JPDYY	- 0.4	FEDU
BCOMF	- 0.0	FIGI

Risk-Adjusted Indicators

There is a big difference between XMax Stock performing well and XMax 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 XMax'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FEDU	1.89	(0.29)	(0.53)	5.29	(6.79)	24.38
JPDYY	0.76	0.41	(0.84)	0.00	0.00	25.42
ATGE	1.99	(0.45)	(0.54)	3.18	(3.54)	34.04
AMCT	0.00	0.00	0.00	0.00	0.00	0.00
FIGI	0.00	0.00	0.00	0.00	0.00	0.00
BCOMF	0.57	0.28	(0.41)	1.38	0.00	10.84

XMax Corporate Executives

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

Yizhou Zhao

Corporate COO

Profile

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