VirExit Technologies Correlations

VXIT Stock

USD 0.0005 0.0001 25.00%

The current 90-days correlation between VirExit Technologies and Electronic Arts is 0.02 (i.e., Significant diversification). The correlation of VirExit 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. If the correlation is 0, the equities are not correlated; they are entirely random.

VirExit Technologies Correlation With Market

Significant diversification

The correlation between VirExit Technologies and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VirExit Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to VirExit 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 VirExit 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 VirExit 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 VirExit Technologies to buy it.

Moving against VirExit Pink Sheet

0.39	OEZVY	Verbund AG ADR	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr
0.38	EDRVF	EDP Renovaveis	Pair Corr
0.37	CEG	Constellation Energy Corp	Pair Corr
0.35	ENSG	Ensign Group	Pair Corr
0.35	GGB	Gerdau SA ADR	Pair Corr
0.41	CCJ	Cameco Corp	Pair Corr
0.4	FR	First Industrial Realty	Pair Corr
0.37	AAPL	Apple Inc Aggressive Push	Pair Corr
0.35	A	Agilent Technologies	Pair Corr
0.34	SWKH	SWK Holdings Corp	Pair Corr
0.31	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.31	MTD	Mettler Toledo Inter	Pair Corr

Related Correlations Analysis

	EA	STMEF	NCTW	JAPSY	ICAGY	TSRYF	SNCY	NOKFF
EA		-0.14	0.0	-0.88	0.11	-0.69	-0.73	0.0	EA
STMEF	-0.14		0.0	0.29	0.32	0.58	-0.16	0.0	STMEF
NCTW	0.0	0.0		0.0	0.0	0.0	0.0	-1.0	NCTW
JAPSY	-0.88	0.29	0.0		-0.15	0.74	0.72	0.0	JAPSY
ICAGY	0.11	0.32	0.0	-0.15		0.08	-0.23	0.0	ICAGY
TSRYF	-0.69	0.58	0.0	0.74	0.08		0.33	0.0	TSRYF
SNCY	-0.73	-0.16	0.0	0.72	-0.23	0.33		0.0	SNCY
NOKFF	0.0	0.0	-1.0	0.0	0.0	0.0	0.0		NOKFF
	EA	STMEF	NCTW	JAPSY	ICAGY	TSRYF	SNCY	NOKFF

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

TSRYF	+ 0.74	JAPSY
SNCY	+ 0.72	JAPSY
TSRYF	+ 0.58	STMEF
SNCY	+ 0.33	TSRYF
ICAGY	+ 0.32	STMEF
JAPSY	+ 0.29	STMEF

High negative correlations

NOKFF	- 1.0	NCTW
JAPSY	- 0.88	EA
SNCY	- 0.73	EA
TSRYF	- 0.69	EA
SNCY	- 0.23	ICAGY
SNCY	- 0.16	STMEF

Risk-Adjusted Indicators

There is a big difference between VirExit Pink Sheet performing well and VirExit 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 VirExit 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
EA	0.76	0.25	0.29	0.81	0.45	(1.09)	1.47	(0.93)	15.20
STMEF	1.15	(0.11)	0.00	0.19	0.00	0.00	3.24	(4.22)	19.61
NCTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JAPSY	0.98	(0.19)	0.00	(0.32)	0.00	0.00	1.80	(2.24)	8.62
ICAGY	1.33	(0.07)	0.00	(0.09)	0.00	0.00	2.30	(2.66)	13.19
TSRYF	1.24	(0.28)	0.00	1.77	0.00	0.00	1.12	(5.33)	17.79
SNCY	2.47	0.01	0.01	0.03	2.69	(2.86)	5.53	(4.39)	13.97
NOKFF	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 VirExit 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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