YXTCOM GROUP Correlations

YXT Stock

2.05 0.05 2.38%

The current 90-days correlation between YXTCOM GROUP HOLDING and Manhattan Associates is -0.04 (i.e., Good diversification). The correlation of YXTCOM GROUP 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. If the correlation is 0, the equities are not correlated; they are entirely random.

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

Moving together with YXTCOM Stock

0.87	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.79	VCIG	VCI Global Limited	Pair Corr
0.92	WHLM	Wilhelmina	Pair Corr
0.72	FORR	Forrester Research	Pair Corr
0.69	EFX	Equifax	Pair Corr

Moving against YXTCOM Stock

0.86	NL	NL Industries	Pair Corr
0.65	BR	Broadridge Financial	Pair Corr
0.6	SQ	Block Inc	Pair Corr
0.55	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.51	BV	BrightView Holdings	Pair Corr
0.51	LZ	LegalZoom	Pair Corr
0.5	WM	Waste Management	Pair Corr
0.45	DRVN	Driven Brands Holdings	Pair Corr
0.36	G	Genpact Limited	Pair Corr
0.85	ARC	ARC Document Solutions	Pair Corr
0.82	FOUR	Shift4 Payments	Pair Corr
0.8	ADP	Automatic Data Processing	Pair Corr
0.79	WLDN	Willdan Group	Pair Corr
0.75	ESGL	ESGL Holdings Limited	Pair Corr
0.7	EXLS	ExlService Holdings	Pair Corr
0.61	CIX	CompX International	Pair Corr
0.52	VSEC	VSE Corporation	Pair Corr
0.66	VVI	Viad Corp	Pair Corr
0.42	UNF	Unifirst	Pair Corr
0.4	FTEK	Fuel Tech	Pair Corr

Related Correlations Analysis

	MANH	PAYC	CWAN	PCOR	ALKT	APPF	AGYS	ENFN	ETWO	ONTF
MANH		0.05	0.34	0.34	0.26	-0.24	0.5	0.51	-0.41	0.19	MANH
PAYC	0.05		0.86	0.88	0.62	0.18	0.5	0.6	-0.55	0.43	PAYC
CWAN	0.34	0.86		0.92	0.75	0.04	0.74	0.75	-0.69	0.61	CWAN
PCOR	0.34	0.88	0.92		0.81	0.03	0.72	0.73	-0.73	0.62	PCOR
ALKT	0.26	0.62	0.75	0.81		-0.39	0.53	0.52	-0.87	0.58	ALKT
APPF	-0.24	0.18	0.04	0.03	-0.39		0.03	0.1	0.54	0.18	APPF
AGYS	0.5	0.5	0.74	0.72	0.53	0.03		0.52	-0.52	0.63	AGYS
ENFN	0.51	0.6	0.75	0.73	0.52	0.1	0.52		-0.58	0.3	ENFN
ETWO	-0.41	-0.55	-0.69	-0.73	-0.87	0.54	-0.52	-0.58		-0.3	ETWO
ONTF	0.19	0.43	0.61	0.62	0.58	0.18	0.63	0.3	-0.3		ONTF
	MANH	PAYC	CWAN	PCOR	ALKT	APPF	AGYS	ENFN	ETWO	ONTF

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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

PCOR	+ 0.92	CWAN
PCOR	+ 0.88	PAYC
CWAN	+ 0.86	PAYC
ALKT	+ 0.81	PCOR
ALKT	+ 0.75	CWAN
ENFN	+ 0.75	CWAN

High negative correlations

ETWO	- 0.87	ALKT
ETWO	- 0.73	PCOR
ETWO	- 0.69	CWAN
ETWO	- 0.58	ENFN
ETWO	- 0.55	PAYC
ETWO	- 0.52	AGYS

Risk-Adjusted Indicators

There is a big difference between YXTCOM Stock performing well and YXTCOM GROUP 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 YXTCOM GROUP'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
MANH	1.26	(0.08)	(0.02)	0.04	1.95	(1.26)	2.22	(2.66)	10.50
PAYC	1.55	0.49	0.36	0.75	0.80	(1.99)	3.35	(2.24)	23.48
CWAN	1.44	0.27	0.17	0.31	1.32	(1.55)	2.80	(2.76)	18.70
PCOR	1.70	0.19	0.16	0.21	1.46	(2.12)	4.79	(2.47)	9.89
ALKT	1.89	0.12	0.10	0.16	2.07	(2.16)	5.15	(4.11)	11.93
APPF	1.40	(0.05)	(0.01)	0.06	2.23	(1.49)	2.64	(2.27)	15.04
AGYS	1.89	0.08	0.07	0.13	2.95	(1.81)	3.43	(5.24)	14.47
ENFN	1.58	0.34	0.13	(1.47)	1.47	(1.95)	3.93	(2.77)	10.11
ETWO	2.35	(0.71)	0.00	(0.21)	0.00	0.00	3.87	(5.33)	25.44
ONTF	1.62	(0.14)	(0.03)	0.02	1.94	(1.77)	3.22	(2.86)	11.19

YXTCOM GROUP Corporate Executives

Elected by the shareholders, the YXTCOM GROUP's board of directors comprises two types of representatives: YXTCOM GROUP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of YXTCOM. The board's role is to monitor YXTCOM GROUP's management team and ensure that shareholders' interests are well served. YXTCOM GROUP'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, YXTCOM GROUP's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Lu Xiaoyan	Founder Board	Profile
	Wu Yazhou	CTO Development	Profile

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