Xylo Technologies Correlations

XYLO Stock

4.37 0.03 0.68%

The current 90-days correlation between Xylo Technologies and Biodesix is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylo Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylo Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylo Technologies Correlation With Market

Average diversification

The correlation between Xylo Technologies and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xylo Technologies 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 Xylo Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Xylo Stock

0.61	LNSR	LENSAR Inc	Pair Corr
0.75	TNDM	Tandem Diabetes Care	Pair Corr
0.83	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.63	BFRI	Biofrontera	Pair Corr

Moving against Xylo Stock

0.8	NHC	National HealthCare	Pair Corr
0.68	PNTG	Pennant Group	Pair Corr
0.65	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.57	ENSG	Ensign Group	Pair Corr
0.56	UPC	Universe Pharmaceuticals	Pair Corr
0.48	EHC	Encompass Health Corp Earnings Call This Week	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.4	TFX	Teleflex Incorporated	Pair Corr
0.35	MD	Mednax Inc	Pair Corr
0.83	300869	Contec Medical Systems	Pair Corr
0.82	301370	GKHT Medical Technology	Pair Corr
0.81	600587	Shinva Medical Instrument	Pair Corr
0.75	002382	Blue Sail Medical	Pair Corr
0.75	688198	Beijing Balance Medical	Pair Corr
0.72	301367	BMC Medical	Pair Corr
0.7	AQST	Aquestive Therapeutics	Pair Corr
0.7	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.59	300981	Zhonghong Pulin Medical	Pair Corr
0.57	VTI	Visioneering Technologies	Pair Corr
0.48	688626	Xiangyu Medical	Pair Corr
0.45	688358	Chison Medical Techn	Pair Corr
0.4	AMGN	Amgen Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BNR	DRIO	SERA	BDSX	FONR	ENZ	XGN	SHC
BNR		-0.45	0.12	-0.38	0.17	-0.63	0.69	-0.83	BNR
DRIO	-0.45		0.21	0.49	-0.24	0.28	-0.55	0.51	DRIO
SERA	0.12	0.21		0.53	-0.35	0.02	0.29	0.13	SERA
BDSX	-0.38	0.49	0.53		-0.2	0.44	-0.14	0.36	BDSX
FONR	0.17	-0.24	-0.35	-0.2		0.21	0.24	-0.31	FONR
ENZ	-0.63	0.28	0.02	0.44	0.21		-0.2	0.41	ENZ
XGN	0.69	-0.55	0.29	-0.14	0.24	-0.2		-0.67	XGN
SHC	-0.83	0.51	0.13	0.36	-0.31	0.41	-0.67		SHC
	BNR	DRIO	SERA	BDSX	FONR	ENZ	XGN	SHC

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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

XGN	+ 0.69	BNR
BDSX	+ 0.53	SERA
SHC	+ 0.51	DRIO
BDSX	+ 0.49	DRIO
ENZ	+ 0.44	BDSX
SHC	+ 0.41	ENZ

High negative correlations

SHC	- 0.83	BNR
SHC	- 0.67	XGN
ENZ	- 0.63	BNR
XGN	- 0.55	DRIO
DRIO	- 0.45	BNR
BDSX	- 0.38	BNR

Risk-Adjusted Indicators

There is a big difference between Xylo Stock performing well and Xylo Technologies 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 Xylo Technologies' 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
BNR	4.83	1.54	0.24	6.41	4.49	(6.08)	15.95	(6.70)	46.14
DRIO	6.58	0.11	(0.01)	(0.01)	8.85	(8.70)	9.86	(12.66)	121.18
SERA	4.04	0.08	0.00	(0.06)	5.50	(4.22)	10.39	(8.66)	31.68
BDSX	3.49	(0.56)	0.00	(26.75)	0.00	0.00	6.92	(8.87)	29.63
FONR	1.39	0.01	0.00	0.08	1.58	(1.61)	2.67	(2.81)	13.34
ENZ	2.28	(0.84)	0.00	(0.33)	0.00	0.00	4.85	(4.23)	36.82
XGN	5.35	0.80	0.13	0.60	5.46	(6.15)	17.67	(6.67)	45.67
SHC	1.59	(0.16)	0.00	1.53	0.00	0.00	3.30	(3.00)	10.53

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