EXp World Correlations

EXPI Stock

USD 9.96 0.10 1.01%

The current 90-days correlation between eXp World Holdings and Anywhere Real Estate is 0.47 (i.e., Very weak diversification). The correlation of EXp World 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.

EXp World Correlation With Market

Very weak diversification

The correlation between eXp World Holdings and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eXp World Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eXp World Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with EXp Stock

0.88	CWK	Cushman Wakefield plc	Pair Corr
0.84	FSV	FirstService Corp	Pair Corr
0.96	RMAX	Re Max Holding	Pair Corr
0.82	CIGI	Colliers International	Pair Corr
0.93	PK	Park Hotels Resorts	Pair Corr
0.8	RC	Ready Capital Corp	Pair Corr
0.8	UE	Urban Edge Properties	Pair Corr

Moving against EXp Stock

0.86	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.81	DX	Dynex Capital	Pair Corr
0.79	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.72	O	Realty Income	Pair Corr
0.65	FR	First Industrial Realty	Pair Corr
0.39	WY	Weyerhaeuser	Pair Corr
0.91	CDR-PC	Cedar Realty Trust	Pair Corr
0.75	MITT-PC	AG Mortgage Investment	Pair Corr
0.74	WELL	Welltower	Pair Corr
0.73	VICI	VICI Properties	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.67	CDR-PB	Cedar Realty Trust	Pair Corr
0.66	FBRT	Franklin BSP Realty	Pair Corr
0.65	ELME	Elme Communities	Pair Corr
0.6	MITT-PB	AG Mortgage Investment	Pair Corr
0.6	NREF-PA	NexPoint Real Estate	Pair Corr

Related Correlations Analysis

	RMAX	FTHM	HOUS	RMR	OPEN	OPAD	WE	RDFN	OMH	MMI
RMAX		0.91	0.33	0.81	0.89	0.87	0.0	-0.08	0.76	0.49	RMAX
FTHM	0.91		0.07	0.86	0.88	0.92	0.0	-0.22	0.8	0.28	FTHM
HOUS	0.33	0.07		0.03	0.26	0.11	0.0	0.29	-0.03	0.62	HOUS
RMR	0.81	0.86	0.03		0.83	0.88	0.0	-0.4	0.73	0.42	RMR
OPEN	0.89	0.88	0.26	0.83		0.9	0.0	-0.18	0.81	0.5	OPEN
OPAD	0.87	0.92	0.11	0.88	0.9		0.0	-0.15	0.69	0.33	OPAD
WE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WE
RDFN	-0.08	-0.22	0.29	-0.4	-0.18	-0.15	0.0		-0.47	-0.33	RDFN
OMH	0.76	0.8	-0.03	0.73	0.81	0.69	0.0	-0.47		0.42	OMH
MMI	0.49	0.28	0.62	0.42	0.5	0.33	0.0	-0.33	0.42		MMI
	RMAX	FTHM	HOUS	RMR	OPEN	OPAD	WE	RDFN	OMH	MMI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OPAD	+ 0.92	FTHM
FTHM	+ 0.91	RMAX
OPAD	+ 0.9	OPEN
OPEN	+ 0.89	RMAX
OPEN	+ 0.88	FTHM
OPAD	+ 0.88	RMR

High negative correlations

OMH	- 0.47	RDFN
RDFN	- 0.4	RMR
MMI	- 0.33	RDFN
RDFN	- 0.22	FTHM
RDFN	- 0.18	OPEN
RDFN	- 0.15	OPAD

Risk-Adjusted Indicators

There is a big difference between EXp Stock performing well and EXp World 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 EXp World'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
RMAX	2.18	(0.33)	0.00	(0.32)	0.00	0.00	4.32	(3.69)	17.71
FTHM	3.70	(0.89)	0.00	(1.27)	0.00	0.00	9.45	(8.28)	20.34
HOUS	3.24	(0.05)	0.00	(0.10)	0.00	0.00	6.03	(7.40)	19.40
RMR	1.04	(0.34)	0.00	(0.91)	0.00	0.00	1.80	(3.21)	6.24
OPEN	3.40	(0.52)	0.00	(0.40)	0.00	0.00	6.52	(7.50)	19.92
OPAD	4.15	(0.90)	0.00	(0.59)	0.00	0.00	9.79	(8.23)	34.92
WE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RDFN	4.21	0.54	0.15	(0.48)	4.44	(5.25)	6.45	(8.83)	69.65
OMH	4.24	(0.53)	0.00	(3.02)	0.00	0.00	7.56	(10.00)	50.48
MMI	1.62	(0.09)	0.00	(0.15)	0.00	0.00	2.94	(3.82)	10.27

EXp World Corporate Management

James JD	General Counsel	Profile
Jian Cheng	Chief Controller	Profile
Leo Pareja	Chief Realty	Profile
Courtney Chakarun	Chief Officer	Profile
Ilka Vietz	Managing eXp	Profile
Carolyn Merchant	Chief Realty	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC