Exodus Movement, Correlations

EXOD Stock

USD 40.58 6.77 14.30%

The current 90-days correlation between Exodus Movement, and Mativ Holdings is -0.07 (i.e., Good diversification). The correlation of Exodus Movement, 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.

Exodus Movement, Correlation With Market

Good diversification

The correlation between Exodus Movement, and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exodus Movement, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Exodus OTC Stock

0.64	MSFT	Microsoft	Pair Corr
0.82	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.72	CRWD	Crowdstrike Holdings	Pair Corr
0.89	VMW	VMware Inc	Pair Corr
0.68	SQ	Block Inc	Pair Corr
0.73	BKV	BKV Corporation	Pair Corr
0.85	NBIX	Neurocrine Biosciences	Pair Corr
0.78	YPF	YPF Sociedad Anonima	Pair Corr
0.74	SAPMF	Saipem SpA	Pair Corr
0.65	MAR	Marriott International	Pair Corr
0.68	GIFI	Gulf Island Fabrication	Pair Corr

Moving against Exodus OTC Stock

0.87	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.82	PPERF	Bank Mandiri Persero	Pair Corr
0.81	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	PTAIY	Astra International Tbk	Pair Corr
0.53	BKRKF	PT Bank Rakyat	Pair Corr
0.52	ADBE	Adobe Systems	Pair Corr
0.47	PTAIF	PT Astra International	Pair Corr
0.8	PBCRY	Bank Central Asia	Pair Corr
0.6	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.46	CMGR	Clubhouse Media Group	Pair Corr
0.55	TSCO	Tractor Supply	Pair Corr

Related Correlations Analysis

	MATV	HIHO	VHI	SEE	SCL	EGO	GFF	CHMN
MATV		-0.14	0.87	0.23	0.39	0.8	-0.66	0.0	MATV
HIHO	-0.14		-0.03	0.06	-0.25	0.09	-0.04	0.0	HIHO
VHI	0.87	-0.03		0.22	0.43	0.74	-0.75	0.0	VHI
SEE	0.23	0.06	0.22		0.54	0.33	0.15	0.0	SEE
SCL	0.39	-0.25	0.43	0.54		0.31	0.14	0.0	SCL
EGO	0.8	0.09	0.74	0.33	0.31		-0.54	0.0	EGO
GFF	-0.66	-0.04	-0.75	0.15	0.14	-0.54		0.0	GFF
CHMN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHMN
	MATV	HIHO	VHI	SEE	SCL	EGO	GFF	CHMN

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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

VHI	+ 0.87	MATV
EGO	+ 0.8	MATV
EGO	+ 0.74	VHI
SCL	+ 0.54	SEE
SCL	+ 0.43	VHI
SCL	+ 0.39	MATV

High negative correlations

GFF	- 0.75	VHI
GFF	- 0.66	MATV
GFF	- 0.54	EGO
SCL	- 0.25	HIHO
HIHO	- 0.14	MATV
GFF	- 0.04	HIHO

Risk-Adjusted Indicators

There is a big difference between Exodus OTC Stock performing well and Exodus Movement, OTC Stock 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 Exodus Movement,'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
MATV	2.22	(0.60)	0.00	(1.65)	0.00	0.00	3.64	(4.49)	29.08
HIHO	1.73	0.18	0.04	(0.55)	2.98	(2.02)	2.69	(2.62)	41.93
VHI	3.04	(0.55)	0.00	(0.82)	0.00	0.00	7.33	(6.22)	32.14
SEE	1.23	(0.03)	0.00	0.61	0.00	0.00	2.06	(2.50)	8.29
SCL	1.25	(0.22)	0.00	(1.47)	0.00	0.00	2.04	(2.72)	13.51
EGO	1.79	(0.29)	0.00	(1.15)	0.00	0.00	3.54	(4.83)	11.74
GFF	1.66	0.09	0.04	0.20	1.86	(1.93)	2.88	(3.57)	22.89
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exodus Movement, 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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