Correlation Between Xponential Fitness and F45 Training

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Can any of the company-specific risk be diversified away by investing in both Xponential Fitness and F45 Training at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Xponential Fitness and F45 Training into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Xponential Fitness and F45 Training Holdings, you can compare the effects of market volatilities on Xponential Fitness and F45 Training and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Xponential Fitness with a short position of F45 Training. Check out your portfolio center. Please also check ongoing floating volatility patterns of Xponential Fitness and F45 Training.

Diversification Opportunities for Xponential Fitness and F45 Training

XponentialF45Diversified AwayXponentialF45Diversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Xponential and F45 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Xponential Fitness and F45 Training Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on F45 Training Holdings and Xponential Fitness is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Xponential Fitness are associated (or correlated) with F45 Training. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F45 Training Holdings has no effect on the direction of Xponential Fitness i.e., Xponential Fitness and F45 Training go up and down completely randomly.

Pair Corralation between Xponential Fitness and F45 Training

If you would invest (100.00) in F45 Training Holdings on November 27, 2024 and sell it today you would earn a total of  100.00  from holding F45 Training Holdings or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Xponential Fitness  vs.  F45 Training Holdings

 Performance 
JavaScript chart by amCharts 3.21.15Dec2025Feb -1001020
JavaScript chart by amCharts 3.21.15XPOF FXLV
       Timeline  
Xponential Fitness 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Xponential Fitness has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Xponential Fitness is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.
JavaScript chart by amCharts 3.21.15DecJanFebJanFeb13141516171819
F45 Training Holdings 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days F45 Training Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable essential indicators, F45 Training is not utilizing all of its potentials. The recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Xponential Fitness and F45 Training Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-11.71-8.83-5.95-3.07-0.22.685.568.4411.3214.2 0.0050.0100.0150.0200.0250.030
JavaScript chart by amCharts 3.21.15XPOF FXLV
       Returns  

Pair Trading with Xponential Fitness and F45 Training

The main advantage of trading using opposite Xponential Fitness and F45 Training positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Xponential Fitness position performs unexpectedly, F45 Training can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in F45 Training will offset losses from the drop in F45 Training's long position.
The idea behind Xponential Fitness and F45 Training Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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