CXApp Correlations

CXAI Stock

0.96 0.07 6.80%

The current 90-days correlation between CXApp Inc and HeartCore Enterprises is 0.36 (i.e., Weak diversification). The correlation of CXApp 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.

CXApp Correlation With Market

Modest diversification

The correlation between CXApp Inc and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CXApp Inc 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 CXApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with CXApp Stock

0.81	DJCO	Daily Journal Corp	Pair Corr
0.86	AI	C3 Ai Inc	Pair Corr
0.68	BL	Blackline	Pair Corr
0.87	EB	Eventbrite Class A	Pair Corr
0.79	WK	Workiva	Pair Corr
0.69	DOCU	DocuSign	Pair Corr
0.79	VERX	Vertex	Pair Corr
0.76	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.71	DSGX	Descartes Systems	Pair Corr
0.72	VMEO	Vimeo Inc Potential Growth	Pair Corr
0.67	VTEX	VTEX	Pair Corr
0.9	VTSI	VirTra Inc	Pair Corr
0.78	EGAN	eGain	Pair Corr
0.74	ELWS	Earlyworks Co,	Pair Corr
0.75	ETWO	E2open Parent Holdings	Pair Corr
0.9	BMR	Beamr Imaging	Pair Corr

Moving against CXApp Stock

0.46	ZI	ZoomInfo Technologies	Pair Corr
0.41	DOMO	Domo Inc	Pair Corr
0.35	QH	Quhuo	Pair Corr
0.68	ENFN	Enfusion	Pair Corr
0.51	API	Agora Inc	Pair Corr
0.45	ADP	Automatic Data Processing	Pair Corr
0.44	FROG	Jfrog	Pair Corr

Related Correlations Analysis

	IFBD	MVLA	HTCR	QH	IDAI	FRGT	BRQS	AI	BMR
IFBD		0.0	0.71	-0.12	0.79	0.62	0.0	0.82	0.86	IFBD
MVLA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MVLA
HTCR	0.71	0.0		-0.29	0.62	0.47	0.0	0.64	0.79	HTCR
QH	-0.12	0.0	-0.29		0.16	0.38	0.0	-0.37	-0.25	QH
IDAI	0.79	0.0	0.62	0.16		0.73	0.0	0.6	0.83	IDAI
FRGT	0.62	0.0	0.47	0.38	0.73		0.0	0.48	0.61	FRGT
BRQS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BRQS
AI	0.82	0.0	0.64	-0.37	0.6	0.48	0.0		0.81	AI
BMR	0.86	0.0	0.79	-0.25	0.83	0.61	0.0	0.81		BMR
	IFBD	MVLA	HTCR	QH	IDAI	FRGT	BRQS	AI	BMR

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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

BMR	+ 0.86	IFBD
BMR	+ 0.83	IDAI
AI	+ 0.82	IFBD
BMR	+ 0.81	AI
IDAI	+ 0.79	IFBD
BMR	+ 0.79	HTCR

High negative correlations

AI	- 0.37	QH
QH	- 0.29	HTCR
BMR	- 0.25	QH
QH	- 0.12	IFBD
BMR	- 0.0	BRQS
AI	- 0.0	BRQS

Risk-Adjusted Indicators

There is a big difference between CXApp Stock performing well and CXApp 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 CXApp'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
IFBD	3.96	(0.44)	0.00	(0.82)	0.00	0.00	7.14	(7.93)	32.77
MVLA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTCR	6.39	(0.18)	0.00	(0.20)	0.00	0.00	9.64	(18.75)	78.60
QH	1.89	0.12	0.09	(0.51)	2.18	(2.23)	4.26	(3.40)	11.94
IDAI	7.72	(1.30)	0.00	0.85	0.00	0.00	20.11	(16.89)	95.40
FRGT	5.42	(0.29)	0.00	0.05	0.00	0.00	10.08	(9.79)	67.06
BRQS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AI	3.32	(0.77)	0.00	(0.75)	0.00	0.00	5.97	(8.51)	19.50
BMR	5.41	(0.36)	0.00	(0.65)	0.00	0.00	11.96	(9.53)	57.50

CXApp Corporate Management

Chris Wiegand	Executive Initiatives	Profile
Tyler Robbins	Vice Sales	Profile
Asim Husain	Managing Pacific	Profile
Joy Mbanugo	Chief Officer	Profile
Naresh Soni	Chief Officer	Profile

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