XIAO I Correlations

AIXI Stock

4.67 0.12 2.64%

The current 90-days correlation between XIAO I American and Coda Octopus Group is -0.09 (i.e., Good diversification). The correlation of XIAO I 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.

XIAO I Correlation With Market

Significant diversification

The correlation between XIAO I American 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 XIAO I American and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XIAO I American. 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 XIAO Stock

0.78	DJCO	Daily Journal Corp	Pair Corr
0.61	AI	C3 Ai Inc	Pair Corr
0.64	EB	Eventbrite Class A	Pair Corr
0.76	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.71	FICO	Fair Isaac Tech Boost	Pair Corr
0.72	ANY	Sphere 3D Corp	Pair Corr

Moving against XIAO Stock

0.55	KC	Kingsoft Cloud Holdings	Pair Corr
0.35	VS	Versus Systems	Pair Corr
0.76	ENFN	Enfusion	Pair Corr
0.51	VCSA	Vacasa Inc	Pair Corr
0.68	DHX	DHI Group	Pair Corr
0.46	WALDW	Waldencast Acquisition	Pair Corr
0.41	DSP	Viant Technology Earnings Call Tomorrow	Pair Corr
0.4	CXM	Sprinklr Sell-off Trend	Pair Corr

Related Correlations Analysis

	VPG	SBUX	BH	INN	CRUS	CODA
VPG		0.48	0.39	0.07	0.66	-0.36	VPG
SBUX	0.48		-0.05	-0.51	0.52	-0.32	SBUX
BH	0.39	-0.05		0.34	-0.01	-0.72	BH
INN	0.07	-0.51	0.34		-0.34	0.0	INN
CRUS	0.66	0.52	-0.01	-0.34		0.06	CRUS
CODA	-0.36	-0.32	-0.72	0.0	0.06		CODA
	VPG	SBUX	BH	INN	CRUS	CODA

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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

CRUS	+ 0.66	VPG
CRUS	+ 0.52	SBUX
SBUX	+ 0.48	VPG
BH	+ 0.39	VPG
INN	+ 0.34	BH
INN	+ 0.07	VPG

High negative correlations

CODA	- 0.72	BH
INN	- 0.51	SBUX
CODA	- 0.36	VPG
CRUS	- 0.34	INN
CODA	- 0.32	SBUX
BH	- 0.05	SBUX

Risk-Adjusted Indicators

There is a big difference between XIAO Stock performing well and XIAO I 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 XIAO I'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
VPG	1.70	0.17	0.08	0.12	1.84	(1.84)	3.57	(3.32)	11.15
SBUX	1.09	0.24	0.20	0.46	1.11	(1.23)	2.44	(1.47)	9.53
BH	1.90	0.28	0.11	0.43	2.34	(1.96)	3.94	(3.98)	16.56
INN	1.26	0.10	0.07	0.12	1.35	(1.48)	2.74	(2.62)	9.84
CRUS	1.53	0.06	0.03	0.04	2.11	(1.54)	3.04	(2.75)	14.61
CODA	1.70	(0.30)	0.00	(5.29)	0.00	0.00	4.42	(3.84)	13.34

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