Exail Technologies Correlations

EXA Stock

104.80 1.00 0.96%

The current 90-days correlation between Exail Technologies and Innelec Multimedia is -0.07 (i.e., Good diversification). The correlation of Exail Technologies 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.

Exail Technologies Correlation With Market

Average diversification

The correlation between Exail Technologies SA and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exail Technologies SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Exail Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exail Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exail Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Exail Technologies SA to buy it.

Moving together with Exail Stock

0.88	AIR	Airbus Group SE	Pair Corr
0.86	SAF	Safran SA	Pair Corr
0.92	FII	Lisi SA Earnings Call This Week	Pair Corr
0.67	TTE	TotalEnergies SE Earnings Call This Week	Pair Corr
0.62	CS	AXA SA	Pair Corr

Moving against Exail Stock

0.61	MC	LVMH Mot Hennessy Earnings Call This Week	Pair Corr
0.45	CDI	Christian Dior SE Earnings Call This Week	Pair Corr
0.41	CA	Carrefour SA Earnings Call This Week	Pair Corr
0.31	AM	Dassault Aviation Earnings Call Today	Pair Corr

Related Correlations Analysis

	ALINN	GTT	EDI	MLBBO	ACA	ALLHB	STMPA	MLIFS
ALINN		0.9	-0.7	0.0	0.39	-0.24	0.83	0.0	ALINN
GTT	0.9		-0.71	0.0	0.46	-0.03	0.87	0.0	GTT
EDI	-0.7	-0.71		0.0	0.02	-0.03	-0.65	0.0	EDI
MLBBO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MLBBO
ACA	0.39	0.46	0.02	0.0		-0.14	0.41	0.0	ACA
ALLHB	-0.24	-0.03	-0.03	0.0	-0.14		-0.26	0.0	ALLHB
STMPA	0.83	0.87	-0.65	0.0	0.41	-0.26		0.0	STMPA
MLIFS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MLIFS
	ALINN	GTT	EDI	MLBBO	ACA	ALLHB	STMPA	MLIFS

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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

GTT	+ 0.9	ALINN
STMPA	+ 0.87	GTT
STMPA	+ 0.83	ALINN
ACA	+ 0.46	GTT
STMPA	+ 0.41	ACA
ACA	+ 0.39	ALINN

High negative correlations

EDI	- 0.71	GTT
EDI	- 0.7	ALINN
STMPA	- 0.65	EDI
STMPA	- 0.26	ALLHB
ALLHB	- 0.24	ALINN
ALLHB	- 0.14	ACA

Risk-Adjusted Indicators

There is a big difference between Exail Stock performing well and Exail 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 Exail 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
ALINN	1.57	0.30	0.07	(0.71)	1.53	(2.11)	4.78	(2.54)	14.71
GTT	0.87	0.34	0.17	(3.67)	0.84	(1.06)	1.99	(1.47)	5.58
EDI	1.00	0.04	0.00	(0.60)	0.00	0.00	2.80	(1.12)	21.46
MLBBO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACA	0.86	0.07	(0.03)	0.96	1.36	(0.79)	1.83	(1.95)	6.02
ALLHB	0.71	(0.11)	0.00	(0.64)	0.00	0.00	2.05	(2.01)	9.74
STMPA	1.93	0.71	0.35	11.14	1.18	(2.57)	5.30	(2.16)	13.48
MLIFS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exail Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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