Elixinol Global Correlations

ELLXF Stock

USD 0.04 0.03 235.83%

The current 90-days correlation between Elixinol Global and Pharmadrug is -0.1 (i.e., Good diversification). The correlation of Elixinol Global 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.

Elixinol Global Correlation With Market

Good diversification

The correlation between Elixinol Global 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 Elixinol Global and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Elixinol Pink Sheet

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0.39	VWAPY	Volkswagen AG Pref	Pair Corr
0.38	VWAGY	Volkswagen AG 110	Pair Corr
0.37	VLKAF	Volkswagen AG	Pair Corr
0.34	TAK	Takeda Pharmaceutical	Pair Corr
0.49	BAOB	Baraboo Bancorporation	Pair Corr
0.47	FWEDF	Fireweed Zinc	Pair Corr
0.46	TCTZF	Tencent Holdings	Pair Corr
0.42	CBYDF	Corby Spirit	Pair Corr
0.37	AXSM	Axsome Therapeutics	Pair Corr
0.35	NVRO	Nevro Corp	Pair Corr
0.35	DNCVF	Defiance Silver Corp	Pair Corr
0.31	GORO	Gold Resource	Pair Corr

Related Correlations Analysis

	BNOWD	LMLLF	LVVV	AGFAF	DXBRF	THCT	TAUG	ESALF	MPXOF	FFNTF
BNOWD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BNOWD
LMLLF	0.0		-0.26	0.0	0.0	-0.26	0.0	0.37	-0.3	-0.18	LMLLF
LVVV	0.0	-0.26		0.0	0.0	0.59	0.0	-0.37	0.12	-0.27	LVVV
AGFAF	0.0	0.0	0.0		-1.0	0.0	0.0	0.0	0.0	0.0	AGFAF
DXBRF	0.0	0.0	0.0	-1.0		0.0	0.0	0.0	0.0	0.0	DXBRF
THCT	0.0	-0.26	0.59	0.0	0.0		0.0	-0.5	0.17	-0.36	THCT
TAUG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TAUG
ESALF	0.0	0.37	-0.37	0.0	0.0	-0.5	0.0		-0.4	-0.04	ESALF
MPXOF	0.0	-0.3	0.12	0.0	0.0	0.17	0.0	-0.4		0.17	MPXOF
FFNTF	0.0	-0.18	-0.27	0.0	0.0	-0.36	0.0	-0.04	0.17		FFNTF
	BNOWD	LMLLF	LVVV	AGFAF	DXBRF	THCT	TAUG	ESALF	MPXOF	FFNTF

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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

THCT	+ 0.59	LVVV
ESALF	+ 0.37	LMLLF
MPXOF	+ 0.17	THCT
FFNTF	+ 0.17	MPXOF
MPXOF	+ 0.12	LVVV
LMLLF	+ 0.0	BNOWD

High negative correlations

DXBRF	- 1.0	AGFAF
ESALF	- 0.5	THCT
MPXOF	- 0.4	ESALF
ESALF	- 0.37	LVVV
FFNTF	- 0.36	THCT
MPXOF	- 0.3	LMLLF

Risk-Adjusted Indicators

There is a big difference between Elixinol Pink Sheet performing well and Elixinol Global 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 Elixinol Global'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
BNOWD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LMLLF	10.27	1.40	0.09	(12.37)	11.22	(18.24)	37.25	(26.89)	98.48
LVVV	8.64	1.41	0.06	0.27	8.65	(26.62)	20.00	(20.00)	116.67
AGFAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DXBRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THCT	9.02	2.42	0.00	(1.61)	0.00	0.00	11.11	0.00	233.33
TAUG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESALF	2.13	0.11	0.02	0.08	2.95	(5.09)	7.10	(6.45)	27.92
MPXOF	43.80	17.36	0.00	(2.13)	0.00	0.00	0.00	(9.09)	990.00
FFNTF	14.37	1.80	0.07	0.19	17.35	(15.42)	34.55	(30.43)	77.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Elixinol Global 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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Elixinol Global Corporate Management

Kim BradleyWare	Joint Company Secretary	Profile
Glen Zurcher	Account Department	Profile
FCPA BEC	Interim Officer	Profile
Teresa Cleary	G Sec	Profile
Rob Hasselman	Pres Americas	Profile
Josephine Lorenz	Global Controller	Profile
Beata Silber	Global Innovation	Profile

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