Crexendo Correlations

CXDO Stock

USD 5.70 0.06 1.04%

The current 90-days correlation between Crexendo and Conifer Holding is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crexendo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crexendo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crexendo Correlation With Market

Very weak diversification

The correlation between Crexendo and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crexendo and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crexendo Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crexendo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Crexendo Stock

0.64	ENLV	Enlivex Therapeutics	Pair Corr
0.72	WKEY	Wisekey International Tech Boost	Pair Corr
0.79	FRGE	Forge Global Holdings	Pair Corr
0.74	GRYP	Gryphon Digital Mining	Pair Corr
0.69	MARA	Marathon Digital Holdings Aggressive Push	Pair Corr
0.77	RIOT	Riot Blockchain Aggressive Push	Pair Corr
0.87	GREEL	Greenidge Generation	Pair Corr
0.61	SWVL	Swvl Holdings Corp	Pair Corr
0.78	CLSK	CleanSpark	Pair Corr
0.85	DIOD	Diodes Incorporated	Pair Corr
0.73	AI	C3 Ai Inc	Pair Corr
0.78	BB	BlackBerry	Pair Corr
0.84	BL	Blackline	Pair Corr
0.82	DT	Dynatrace Holdings LLC	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.77	FN	Fabrinet	Pair Corr
0.67	JG	Aurora Mobile	Pair Corr
0.9	KD	Kyndryl Holdings	Pair Corr
0.85	KE	Kimball Electronics	Pair Corr
0.89	KN	Knowles Cor Earnings Call This Week	Pair Corr

Moving against Crexendo Stock

0.53	FUFU	BitFuFu Class A	Pair Corr
0.43	GBTG	Global Business Travel	Pair Corr
0.7	DGNX	Diginex Limited Ordinary	Pair Corr
0.61	FI	Fiserv, Earnings Call This Week	Pair Corr
0.45	QH	Quhuo Tech Boost	Pair Corr

Related Correlations Analysis

	ATGN	CNFR	DTGI	DUOT	HGBL	KORE	RSSS	SMNUF	TLTZY	USIO
ATGN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATGN
CNFR	0.0		0.09	0.67	0.53	-0.07	0.28	-0.17	0.61	-0.23	CNFR
DTGI	0.0	0.09		0.01	0.6	0.17	0.22	-0.39	-0.04	0.58	DTGI
DUOT	0.0	0.67	0.01		0.44	-0.03	0.6	-0.03	0.74	-0.22	DUOT
HGBL	0.0	0.53	0.6	0.44		-0.27	0.58	-0.23	0.33	0.16	HGBL
KORE	0.0	-0.07	0.17	-0.03	-0.27		-0.31	-0.47	-0.05	0.39	KORE
RSSS	0.0	0.28	0.22	0.6	0.58	-0.31		0.06	0.49	0.02	RSSS
SMNUF	0.0	-0.17	-0.39	-0.03	-0.23	-0.47	0.06		0.11	-0.57	SMNUF
TLTZY	0.0	0.61	-0.04	0.74	0.33	-0.05	0.49	0.11		-0.35	TLTZY
USIO	0.0	-0.23	0.58	-0.22	0.16	0.39	0.02	-0.57	-0.35		USIO
	ATGN	CNFR	DTGI	DUOT	HGBL	KORE	RSSS	SMNUF	TLTZY	USIO

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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

TLTZY	+ 0.74	DUOT
DUOT	+ 0.67	CNFR
TLTZY	+ 0.61	CNFR
HGBL	+ 0.6	DTGI
RSSS	+ 0.6	DUOT
USIO	+ 0.58	DTGI

High negative correlations

USIO	- 0.57	SMNUF
SMNUF	- 0.47	KORE
SMNUF	- 0.39	DTGI
USIO	- 0.35	TLTZY
RSSS	- 0.31	KORE
KORE	- 0.27	HGBL

Risk-Adjusted Indicators

There is a big difference between Crexendo Stock performing well and Crexendo 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 Crexendo'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
ATGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNFR	3.28	0.46	0.09	1.06	3.33	(4.54)	7.25	(6.76)	19.76
DTGI	8.13	1.17	0.12	1.48	7.30	(12.95)	21.25	(16.36)	69.73
DUOT	4.32	0.86	0.16	7.25	4.10	(4.92)	11.32	(7.10)	26.54
HGBL	1.49	0.07	0.00	0.28	1.47	(1.96)	3.81	(2.67)	10.18
KORE	3.03	0.37	0.04	(0.46)	3.74	(3.24)	7.30	(6.15)	17.27
RSSS	2.37	0.15	0.03	0.36	3.23	(2.47)	5.56	(5.04)	18.11
SMNUF	2.27	(0.16)	0.00	0.37	0.00	0.00	0.00	(3.03)	78.07
TLTZY	1.53	0.29	0.05	(1.07)	1.63	(2.26)	5.36	(4.01)	18.26
USIO	2.13	0.32	0.07	3.26	2.63	(2.41)	5.19	(3.87)	17.49

Crexendo Corporate Management

Chris Aaker	Senior Engineering	Profile
Jon Brinton	Chief Officer	Profile
Jeffrey Korn	Chief Administrative Officer	Profile
Neil Lichtman	Executive Marketing	Profile

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