Nexien Biopharma Correlations

NXEN Stock

USD 0.02 0 5.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nexien Biopharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexien Biopharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nexien Biopharma Correlation With Market

Good diversification

The correlation between Nexien Biopharma and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nexien Biopharma and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Nexien Pink Sheet

0.58	AHT	Ashford Hospitality Trust	Pair Corr
0.5	DKNG	DraftKings	Pair Corr
0.43	BRK-A	Berkshire Hathaway	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.36	NGVC	Natural Grocers by	Pair Corr
0.33	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	EDXC	CHOOF	CANN	CVSI	LOVFF	SNOA	MSMY	UNRV	GSAC	AQST
EDXC		0.54	0.23	0.38	0.38	0.2	-0.27	0.15	-0.13	-0.07	EDXC
CHOOF	0.54		-0.01	0.23	0.27	0.69	-0.41	-0.06	-0.2	-0.18	CHOOF
CANN	0.23	-0.01		0.58	-0.13	-0.07	0.14	0.08	-0.06	0.46	CANN
CVSI	0.38	0.23	0.58		-0.07	0.27	0.04	0.26	-0.22	0.23	CVSI
LOVFF	0.38	0.27	-0.13	-0.07		0.02	-0.11	-0.24	0.31	-0.21	LOVFF
SNOA	0.2	0.69	-0.07	0.27	0.02		-0.12	0.09	-0.22	0.03	SNOA
MSMY	-0.27	-0.41	0.14	0.04	-0.11	-0.12		-0.36	0.04	0.25	MSMY
UNRV	0.15	-0.06	0.08	0.26	-0.24	0.09	-0.36		-0.08	-0.02	UNRV
GSAC	-0.13	-0.2	-0.06	-0.22	0.31	-0.22	0.04	-0.08		-0.12	GSAC
AQST	-0.07	-0.18	0.46	0.23	-0.21	0.03	0.25	-0.02	-0.12		AQST
	EDXC	CHOOF	CANN	CVSI	LOVFF	SNOA	MSMY	UNRV	GSAC	AQST

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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

SNOA	+ 0.69	CHOOF
CVSI	+ 0.58	CANN
CHOOF	+ 0.54	EDXC
AQST	+ 0.46	CANN
CVSI	+ 0.38	EDXC
LOVFF	+ 0.38	EDXC

High negative correlations

MSMY	- 0.41	CHOOF
UNRV	- 0.36	MSMY
MSMY	- 0.27	EDXC
UNRV	- 0.24	LOVFF
GSAC	- 0.22	SNOA
GSAC	- 0.22	CVSI

Risk-Adjusted Indicators

There is a big difference between Nexien Pink Sheet performing well and Nexien Biopharma 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 Nexien Biopharma'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
EDXC	5.96	0.02	0.00	0.12	0.00	0.00	15.38	(14.53)	32.23
CHOOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANN	5.70	(0.09)	0.00	0.16	0.00	0.00	12.85	(12.08)	44.14
CVSI	4.10	(0.06)	0.00	0.07	6.56	(19.42)	25.00	(20.00)	45.00
LOVFF	2.65	0.20	0.00	(0.10)	4.40	(8.83)	9.30	(6.78)	36.67
SNOA	4.74	(0.18)	(0.02)	0.02	5.59	(6.05)	10.71	(10.13)	40.82
MSMY	6.91	0.98	0.06	6.37	7.19	(18.54)	16.67	(14.29)	58.33
UNRV	1.51	0.16	0.00	0.39	0.00	0.00	0.00	0.00	83.33
GSAC	9.72	1.14	0.04	1.40	10.60	(33.33)	33.33	(25.00)	58.33
AQST	3.43	(0.16)	(0.02)	0.04	4.08	(3.60)	6.51	(7.14)	20.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nexien Biopharma 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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Nexien Biopharma Corporate Management

Joseph Morgan	Consultant	Profile
Esq JD	Chief Officer	Profile
Richard Greenberg	CEO, Founder	Profile
Evan CPA	Chief Officer	Profile
Paul Wilkenson	Consultant	Profile
Linda Klumpers	Consultant	Profile

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