MPhase Technologies Correlations

XDSL Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between mPhase Technologies and VivoPower International PLC is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MPhase Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if mPhase Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MPhase Technologies Correlation With Market

Good diversification

The correlation between mPhase Technologies and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding mPhase Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MPhase 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 MPhase 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 MPhase 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 mPhase Technologies to buy it.

Moving against MPhase Pink Sheet

0.65	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.37	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	HYSR	NTAC	ASTI	SIRC	SING	SUNW	SAENF	VVPR	ISUN	SOL
HYSR		0.57	0.12	0.12	0.53	-0.16	0.55	0.51	0.54	0.41	HYSR
NTAC	0.57		0.02	0.07	0.81	-0.56	0.47	0.74	0.37	0.01	NTAC
ASTI	0.12	0.02		0.29	0.19	0.17	0.26	0.02	-0.05	0.18	ASTI
SIRC	0.12	0.07	0.29		0.15	0.11	0.1	0.01	0.17	0.15	SIRC
SING	0.53	0.81	0.19	0.15		-0.4	0.48	0.75	0.46	0.12	SING
SUNW	-0.16	-0.56	0.17	0.11	-0.4		-0.52	-0.16	-0.45	-0.3	SUNW
SAENF	0.55	0.47	0.26	0.1	0.48	-0.52		0.05	0.78	0.74	SAENF
VVPR	0.51	0.74	0.02	0.01	0.75	-0.16	0.05		0.1	-0.28	VVPR
ISUN	0.54	0.37	-0.05	0.17	0.46	-0.45	0.78	0.1		0.81	ISUN
SOL	0.41	0.01	0.18	0.15	0.12	-0.3	0.74	-0.28	0.81		SOL
	HYSR	NTAC	ASTI	SIRC	SING	SUNW	SAENF	VVPR	ISUN	SOL

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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

SING	+ 0.81	NTAC
SOL	+ 0.81	ISUN
ISUN	+ 0.78	SAENF
VVPR	+ 0.75	SING
VVPR	+ 0.74	NTAC
SOL	+ 0.74	SAENF

High negative correlations

SUNW	- 0.56	NTAC
SAENF	- 0.52	SUNW
ISUN	- 0.45	SUNW
SUNW	- 0.4	SING
SOL	- 0.3	SUNW
SOL	- 0.28	VVPR

Risk-Adjusted Indicators

There is a big difference between MPhase Pink Sheet performing well and MPhase Technologies 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 MPhase 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
HYSR	4.21	0.14	(0.01)	(0.09)	4.66	(7.01)	11.76	(8.70)	29.29
NTAC	26.78	5.89	0.09	2.33	24.06	(116.67)	100.00	(72.73)	522.73
ASTI	4.18	0.18	(0.02)	0.00	5.96	(4.20)	8.68	(10.07)	29.81
SIRC	32.78	10.72	0.19	(1.27)	22.56	(100.00)	100.00	(50.00)	150.00
SING	13.43	(1.90)	0.00	0.65	0.00	0.00	34.15	(25.00)	150.00
SUNW	5.87	0.71	0.11	1.33	5.75	(7.03)	14.29	(9.68)	38.53
SAENF	5.67	(0.41)	0.00	(0.26)	0.00	0.00	9.61	(15.14)	47.14
VVPR	6.83	0.03	(0.01)	0.35	10.97	(7.57)	16.30	(16.42)	112.34
ISUN	11.10	(3.02)	0.00	(9.91)	0.00	0.00	21.43	(31.26)	178.04
SOL	3.36	(0.13)	0.00	0.25	0.00	0.00	6.59	(7.46)	29.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in MPhase 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.

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MPhase Technologies Corporate Management

Connon Samuel	VP of Bus. Devel.	Profile
Soni Thakur	Director Sales	Profile
Thomas Fore	Chief Director	Profile
Ben Matheny	Chief Officer	Profile
Richard Thorpe	CEO Director	Profile
Chris Smith	Chief Officer	Profile
Ted Fagenson	Chief Officer	Profile

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