Pennexx Foods Correlations

PNNX Stock

USD 0.01 0.00 0.00%

The current 90-days correlation between Pennexx Foods and Epazz Inc is -0.11 (i.e., Good diversification). The correlation of Pennexx Foods 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pennexx Foods Correlation With Market

Significant diversification

The correlation between Pennexx Foods and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pennexx Foods and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pennexx Pink Sheet

0.8	SHG	Shinhan Financial	Pair Corr
0.75	WF	Woori Financial Group	Pair Corr
0.77	KB	KB Financial Group	Pair Corr
0.88	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.73	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.63	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Pennexx Pink Sheet

0.82	FNMFO	Federal National Mortgage	Pair Corr
0.75	AXP	American Express Earnings Call Today	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.67	MNPR	Monopar Therapeutics Trending	Pair Corr
0.62	BA	Boeing Earnings Call This Week	Pair Corr
0.57	AVAL	Grupo Aval	Pair Corr
0.52	CIB	Bancolombia SA ADR	Pair Corr
0.34	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	NUGN	INPX	AI	BOMO	EPAZ	ASTA	DRCR	ELCO	CXAI	IDAI
NUGN		0.73	-0.52	0.38	0.36	0.64	0.21	0.0	-0.38	-0.49	NUGN
INPX	0.73		-0.71	0.38	0.46	0.72	0.22	0.0	-0.48	-0.45	INPX
AI	-0.52	-0.71		-0.47	-0.29	-0.76	-0.11	0.0	0.54	0.58	AI
BOMO	0.38	0.38	-0.47		0.2	0.3	0.69	0.0	-0.62	-0.46	BOMO
EPAZ	0.36	0.46	-0.29	0.2		0.23	0.06	0.0	-0.07	-0.11	EPAZ
ASTA	0.64	0.72	-0.76	0.3	0.23		0.02	0.0	-0.32	-0.53	ASTA
DRCR	0.21	0.22	-0.11	0.69	0.06	0.02		0.0	-0.51	-0.19	DRCR
ELCO	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ELCO
CXAI	-0.38	-0.48	0.54	-0.62	-0.07	-0.32	-0.51	0.0		0.57	CXAI
IDAI	-0.49	-0.45	0.58	-0.46	-0.11	-0.53	-0.19	0.0	0.57		IDAI
	NUGN	INPX	AI	BOMO	EPAZ	ASTA	DRCR	ELCO	CXAI	IDAI

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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

INPX	+ 0.73	NUGN
ASTA	+ 0.72	INPX
DRCR	+ 0.69	BOMO
ASTA	+ 0.64	NUGN
IDAI	+ 0.58	AI
IDAI	+ 0.57	CXAI

High negative correlations

ASTA	- 0.76	AI
AI	- 0.71	INPX
CXAI	- 0.62	BOMO
IDAI	- 0.53	ASTA
AI	- 0.52	NUGN
CXAI	- 0.51	DRCR

Risk-Adjusted Indicators

There is a big difference between Pennexx Pink Sheet performing well and Pennexx Foods 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 Pennexx Foods' 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
NUGN	12.13	0.38	0.02	0.33	14.09	(25.46)	33.33	(25.00)	92.86
INPX	4.54	(1.55)	0.00	7.39	0.00	0.00	5.71	(12.00)	49.23
AI	3.16	0.48	0.12	0.61	3.44	(3.44)	8.08	(7.04)	34.87
BOMO	27.64	4.28	0.15	(0.83)	19.78	(69.16)	83.33	(35.71)	323.33
EPAZ	11.35	0.92	0.04	1.31	11.80	(24.37)	25.00	(20.00)	58.33
ASTA	18.17	2.27	0.07	(2.44)	16.86	(42.22)	50.00	(33.33)	83.33
DRCR	7.47	0.08	0.01	0.14	8.03	(10.38)	21.43	(15.38)	46.67
ELCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXAI	5.57	0.49	0.08	0.73	6.10	(6.46)	11.94	(8.54)	46.87
IDAI	13.49	2.92	0.21	(1.01)	11.82	(16.91)	34.31	(22.64)	163.74

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Our tools can tell you how much better you can do entering a position in Pennexx Foods 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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Pennexx Foods Corporate Management

Sunny Sweet	S Officer	Profile
Joseph Beltrami	Chief Officer	Profile
Vincent Risalvato	Chairman CEO	Profile
Joe Candito	YSO Pres	Profile
Thomas McGreal	S VP	Profile

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