Crexendo Correlations

CXDO Stock

USD 5.76 0.04 0.69%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crexendo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crexendo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crexendo Correlation With Market

Modest diversification

The correlation between Crexendo and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crexendo 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 Crexendo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Crexendo Stock, please use our How to Invest in Crexendo guide.

Moving together with Crexendo Stock

0.61	VCSA	Vacasa Inc	Pair Corr
0.74	BB	BlackBerry	Pair Corr
0.78	FI	Fiserv,	Pair Corr
0.67	JG	Aurora Mobile Tech Boost	Pair Corr

Moving against Crexendo Stock

0.77	ANY	Sphere 3D Corp	Pair Corr
0.74	BAH	Booz Allen Hamilton	Pair Corr
0.74	GRYP	Gryphon Digital Mining Earnings Call This Week	Pair Corr
0.74	SDIG	Stronghold Digital Mining	Pair Corr
0.7	MARA	Marathon Digital Holdings	Pair Corr
0.69	GPUS	Hyperscale Data, Symbol Change	Pair Corr
0.67	MKDW	MKDWELL Tech Ordinary	Pair Corr
0.63	MI	NFT Limited	Pair Corr
0.63	ENLV	Enlivex Therapeutics	Pair Corr
0.56	GBTG	Global Business Travel	Pair Corr
0.53	XTIA	XTI Aerospace,	Pair Corr
0.49	RIOT	Riot Blockchain	Pair Corr
0.44	FUFU	BitFuFu Class A	Pair Corr
0.38	WKEY	Wisekey International Downward Rally	Pair Corr
0.35	NTRP	NextTrip	Pair Corr
0.75	SLNH	Soluna Holdings	Pair Corr
0.68	BTBT	Bit Digital	Pair Corr
0.67	BL	Blackline	Pair Corr
0.66	DIOD	Diodes Incorporated	Pair Corr
0.65	AI	C3 Ai Inc	Pair Corr
0.6	CLSK	CleanSpark	Pair Corr
0.54	DM	Desktop Metal Tech Boost	Pair Corr
0.45	FN	Fabrinet Tech Boost	Pair Corr
0.31	S	SentinelOne	Pair Corr
0.82	PI	Impinj Inc	Pair Corr
0.79	WK	Workiva	Pair Corr

Related Correlations Analysis

	ATGN	TLTZY	SITOQ	SMNUF	LBRDA	KT	LBRDK	CNSL	CRGE
ATGN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATGN
TLTZY	0.0		0.0	0.0	0.65	0.76	0.63	0.0	0.0	TLTZY
SITOQ	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SITOQ
SMNUF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SMNUF
LBRDA	0.0	0.65	0.0	0.0		0.59	1.0	0.0	0.0	LBRDA
KT	0.0	0.76	0.0	0.0	0.59		0.58	0.0	0.0	KT
LBRDK	0.0	0.63	0.0	0.0	1.0	0.58		0.0	0.0	LBRDK
CNSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CNSL
CRGE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CRGE
	ATGN	TLTZY	SITOQ	SMNUF	LBRDA	KT	LBRDK	CNSL	CRGE

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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

LBRDK	+ 1.0	LBRDA
KT	+ 0.76	TLTZY
LBRDA	+ 0.65	TLTZY
LBRDK	+ 0.63	TLTZY
KT	+ 0.59	LBRDA
LBRDK	+ 0.58	KT

High negative correlations

CRGE	- 0.0	CNSL
CRGE	- 0.0	LBRDK
CNSL	- 0.0	LBRDK
CRGE	- 0.0	KT
CNSL	- 0.0	KT
CRGE	- 0.0	LBRDA

Risk-Adjusted Indicators

There is a big difference between Crexendo Stock performing well and Crexendo 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 Crexendo'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
ATGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLTZY	1.47	0.29	0.17	(1.10)	1.42	(2.52)	4.56	(3.72)	8.82
SITOQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMNUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBRDA	1.43	0.16	0.09	0.12	1.93	(1.40)	2.89	(3.12)	10.19
KT	1.02	0.29	0.29	0.37	0.84	(1.12)	2.04	(1.56)	6.92
LBRDK	1.43	0.15	0.08	0.12	1.94	(1.44)	2.75	(3.28)	9.82
CNSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRGE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Crexendo Corporate Management

Chris Aaker	Senior Engineering	Profile
Jon Brinton	Chief Officer	Profile
Jeffrey Korn	Chief Administrative Officer	Profile
Neil Lichtman	Executive Marketing	Profile

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