Exmar NV Correlations

EXMRF Stock

USD 12.03 0.00 0.00%

The current 90-days correlation between Exmar NV and Crimson Wine is -0.16 (i.e., Good diversification). The correlation of Exmar NV 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.

Exmar NV Correlation With Market

Good diversification

The correlation between Exmar NV and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exmar NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Exmar Pink Sheet

0.61	BMYMP	Bristol Myers Squibb	Pair Corr
0.72	LH	Laboratory	Pair Corr
0.62	RSLBF	RaySearch Laboratories	Pair Corr
0.79	MMM	3M Company	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr

Moving against Exmar Pink Sheet

0.69	AAPL	Apple Inc	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.47	PBCRF	PT Bank Central	Pair Corr
0.34	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.35	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	CQP	CWGL	ATO	WVVIP	STZ	NWE	MSEX
CQP		-0.79	0.83	-0.36	-0.8	0.7	-0.08	CQP
CWGL	-0.79		-0.71	0.5	0.9	-0.66	0.28	CWGL
ATO	0.83	-0.71		-0.43	-0.59	0.75	0.22	ATO
WVVIP	-0.36	0.5	-0.43		0.38	-0.53	-0.15	WVVIP
STZ	-0.8	0.9	-0.59	0.38		-0.56	0.47	STZ
NWE	0.7	-0.66	0.75	-0.53	-0.56		0.12	NWE
MSEX	-0.08	0.28	0.22	-0.15	0.47	0.12		MSEX
	CQP	CWGL	ATO	WVVIP	STZ	NWE	MSEX

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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

STZ	+ 0.9	CWGL
ATO	+ 0.83	CQP
NWE	+ 0.75	ATO
NWE	+ 0.7	CQP
WVVIP	+ 0.5	CWGL
MSEX	+ 0.47	STZ

High negative correlations

STZ	- 0.8	CQP
CWGL	- 0.79	CQP
ATO	- 0.71	CWGL
NWE	- 0.66	CWGL
STZ	- 0.59	ATO
NWE	- 0.56	STZ

Risk-Adjusted Indicators

There is a big difference between Exmar Pink Sheet performing well and Exmar NV 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 Exmar NV'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
CQP	1.90	0.26	0.13	0.20	2.09	(2.07)	4.43	(4.13)	10.35
CWGL	1.01	(0.15)	0.00	1.24	0.00	0.00	2.18	(2.19)	6.90
ATO	0.92	0.08	0.14	0.13	1.16	(0.97)	1.96	(1.77)	5.33
WVVIP	1.66	(0.11)	0.00	0.54	0.00	0.00	3.99	(3.85)	10.52
STZ	1.48	(0.26)	0.00	(0.49)	0.00	0.00	2.64	(2.81)	19.31
NWE	1.10	0.08	0.11	0.09	1.44	(1.11)	2.21	(2.57)	7.15
MSEX	1.69	(0.02)	0.07	(0.04)	1.85	(2.09)	3.60	(3.06)	18.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exmar NV 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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