Banxa Holdings Correlations

BNXAF Stock

USD 0.68 0.02 2.86%

The current 90-days correlation between Banxa Holdings and Quisitive Technology Solutions is 0.01 (i.e., Significant diversification). The correlation of Banxa Holdings 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.

Banxa Holdings Correlation With Market

Good diversification

The correlation between Banxa Holdings and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banxa Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Banxa Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banxa Holdings 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 Banxa Holdings - 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 Banxa Holdings to buy it.

Moving together with Banxa Pink Sheet

0.65	IBM	International Business Sell-off Trend	Pair Corr
0.8	ACN	Accenture plc	Pair Corr
0.66	CTSH	Cognizant Technology	Pair Corr
0.8	CGEMY	Capgemini SE ADR	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.72	GE	GE Aerospace	Pair Corr
0.73	MMM	3M Company	Pair Corr
0.83	WMT	Walmart Aggressive Push	Pair Corr

Moving against Banxa Pink Sheet

0.8	U4R90AAB4	HLF 4875 01	Pair Corr
0.41	KB	KB Financial Group	Pair Corr
0.39	INFY	Infosys Ltd ADR	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.41	CAT	Caterpillar	Pair Corr
0.41	MSFT	Microsoft	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	QUISF	NGRRF	DVRNF	APPEF	APXYY	IMCI	SEAV	KNRLF	XALL	GTCH
QUISF		-0.32	0.65	0.45	0.54	0.0	-0.32	-0.29	0.47	-0.29	QUISF
NGRRF	-0.32		-0.03	0.2	-0.33	0.0	0.2	0.26	-0.19	-0.31	NGRRF
DVRNF	0.65	-0.03		0.6	0.34	0.0	-0.15	-0.32	0.43	-0.53	DVRNF
APPEF	0.45	0.2	0.6		0.16	0.0	-0.12	-0.21	0.01	-0.43	APPEF
APXYY	0.54	-0.33	0.34	0.16		0.0	-0.1	0.04	0.27	-0.03	APXYY
IMCI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IMCI
SEAV	-0.32	0.2	-0.15	-0.12	-0.1	0.0		0.13	-0.1	0.2	SEAV
KNRLF	-0.29	0.26	-0.32	-0.21	0.04	0.0	0.13		-0.08	0.11	KNRLF
XALL	0.47	-0.19	0.43	0.01	0.27	0.0	-0.1	-0.08		-0.16	XALL
GTCH	-0.29	-0.31	-0.53	-0.43	-0.03	0.0	0.2	0.11	-0.16		GTCH
	QUISF	NGRRF	DVRNF	APPEF	APXYY	IMCI	SEAV	KNRLF	XALL	GTCH

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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

DVRNF	+ 0.65	QUISF
APPEF	+ 0.6	DVRNF
APXYY	+ 0.54	QUISF
XALL	+ 0.47	QUISF
APPEF	+ 0.45	QUISF
XALL	+ 0.43	DVRNF

High negative correlations

GTCH	- 0.53	DVRNF
GTCH	- 0.43	APPEF
APXYY	- 0.33	NGRRF
KNRLF	- 0.32	DVRNF
SEAV	- 0.32	QUISF
NGRRF	- 0.32	QUISF

Risk-Adjusted Indicators

There is a big difference between Banxa Pink Sheet performing well and Banxa Holdings 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 Banxa Holdings' 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
QUISF	2.44	0.66	0.18	(0.58)	1.55	(8.38)	4.00	(3.85)	48.72
NGRRF	1.81	(0.19)	0.00	(0.36)	0.00	0.00	4.36	(4.58)	20.13
DVRNF	0.38	0.18	0.00	(3.89)	0.00	0.00	0.00	0.00	12.50
APPEF	1.54	0.35	0.00	(0.53)	0.00	0.00	6.94	0.00	22.97
APXYY	4.82	(0.14)	0.00	(1.02)	0.00	0.00	16.46	(14.29)	60.95
IMCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAV	19.63	6.61	0.15	(7.32)	14.27	(126.40)	31.25	(20.00)	416.25
KNRLF	2.75	(0.13)	0.00	(0.46)	0.00	0.00	8.33	(7.69)	25.87
XALL	11.26	1.78	0.08	0.31	11.15	(26.19)	25.00	(25.00)	103.57
GTCH	126.12	63.07	0.73	0.79	29.68	(550.00)	1,000.00	(100.00)	1,100

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Our tools can tell you how much better you can do entering a position in Banxa Holdings 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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Banxa Holdings Corporate Management

Domenic Carosa	Founder Chairman	Profile
Brinda	Head Compliance	Profile
Nora	Head Resource	Profile
Holger Arians	Chief Officer	Profile
Liam Bussell	Head Communications	Profile
BBA CPA	Chief Officer	Profile
Iain Clark	Chief Officer	Profile

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