Exro Technologies Correlations
| EXROF Stock | USD 0.07 0 2.78% |
The current 90-days correlation between Exro Technologies and Novonix Ltd ADR is -0.08 (i.e., Good diversification). The correlation of Exro Technologies 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.
Exro |
The ability to find closely correlated positions to Exro Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exro Technologies 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 Exro Technologies - 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 Exro Technologies to buy it.
Moving together with Exro OTC Stock
| 0.64 | 2457 | Phihong Technology | PairCorr |
| 0.71 | SLF | Sun Life Financial | PairCorr |
| 0.74 | GLUC | Glucose Health | PairCorr |
Moving against Exro OTC Stock
| 0.87 | SIGL | Signal Advance | PairCorr |
| 0.87 | WM | Waste Management | PairCorr |
| 0.73 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.69 | LGRDY | Legrand SA ADR | PairCorr |
| 0.61 | PLTR | Palantir Technologies | PairCorr |
| 0.58 | LGRVF | Legrand SA | PairCorr |
| 0.55 | GTN | Gray Television | PairCorr |
| 0.54 | GLU | Gabelli Global Utility | PairCorr |
| 0.51 | MENEF | Mene Inc | PairCorr |
| 0.43 | SUNFF | Sun Life Financial | PairCorr |
| 0.43 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.4 | NIHK | Video River Networks | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Exro OTC Stock performing well and Exro Technologies 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 Exro Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVX | 3.54 | (0.21) | 0.00 | (0.28) | 0.00 | 6.16 | 19.62 | |||
| MNSEF | 9.75 | 1.89 | 0.11 | (0.72) | 9.42 | 33.33 | 90.00 | |||
| ILIKF | 4.48 | 1.25 | 0.20 | 0.88 | 4.08 | 11.11 | 34.48 | |||
| NHHHF | 0.15 | 0.07 | 0.00 | 5.02 | 0.00 | 0.00 | 0.00 | |||
| NVNXF | 4.91 | (0.15) | 0.00 | (0.33) | 0.00 | 13.79 | 28.72 | |||
| ZAIRF | 9.71 | 1.33 | 0.12 | (1.02) | 10.29 | 27.78 | 59.71 | |||
| REFXF | 149.95 | 77.49 | 0.00 | 2.95 | 0.00 | 0.00 | 5,099 | |||
| HYEG | 79.83 | 43.21 | 1.07 | 1.71 | 23.69 | 134.29 | 2,018 | |||
| EOSEW | 11.25 | 2.52 | 0.23 | 0.50 | 9.14 | 29.41 | 85.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Exro Technologies 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.Did you try this?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Exro Technologies Corporate Management
Elected by the shareholders, the Exro Technologies' board of directors comprises two types of representatives: Exro Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Exro. The board's role is to monitor Exro Technologies' management team and ensure that shareholders' interests are well served. Exro Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Exro Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jake Bouma | VP Relations | Profile | |
| Sue Ozdemir | CEO Director | Profile | |
| BA CMA | Chief Officer | Profile | |
| Josh Sobil | Chief Officer | Profile | |
| Torsten Broeer | VP Engineering | Profile | |
| Eric Hustedt | Chief Officer | Profile | |
| Jonathan Ritchey | Founder | Profile |