Xometry Correlations

XMTR Stock

USD 25.42 0.28 1.09%

The current 90-days correlation between Xometry and Hillenbrand is 0.37 (i.e., Weak diversification). The correlation of Xometry 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.

Xometry Correlation With Market

Very weak diversification

The correlation between Xometry and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xometry and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xometry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Xometry Stock, please use our How to Invest in Xometry guide.

Moving together with Xometry Stock

0.75	BW	Babcock Wilcox Enter	Pair Corr
0.61	ETN	Eaton PLC	Pair Corr
0.63	FLS	Flowserve	Pair Corr
0.7	GHM	Graham	Pair Corr
0.75	MIR	Mirion Technologies	Pair Corr
0.66	PNR	Pentair PLC	Pair Corr
0.66	RRX	Regal Beloit	Pair Corr

Moving against Xometry Stock

0.47	MWA	Mueller Water Products	Pair Corr
0.46	XYL	Xylem Inc	Pair Corr
0.32	TNC	Tennant Company	Pair Corr

Related Correlations Analysis

	CR	FLS	HI	MIDD	IEX	DOV	GGG	ITW	PH	EPAC
CR		0.56	0.62	0.66	0.2	0.9	0.45	0.39	0.86	0.65	CR
FLS	0.56		0.93	0.02	0.7	0.71	0.05	-0.03	0.78	0.15	FLS
HI	0.62	0.93		0.18	0.67	0.76	0.19	0.11	0.82	0.21	HI
MIDD	0.66	0.02	0.18		-0.33	0.54	0.24	0.25	0.48	0.39	MIDD
IEX	0.2	0.7	0.67	-0.33		0.37	0.1	0.18	0.45	0.11	IEX
DOV	0.9	0.71	0.76	0.54	0.37		0.5	0.44	0.97	0.64	DOV
GGG	0.45	0.05	0.19	0.24	0.1	0.5		0.91	0.44	0.81	GGG
ITW	0.39	-0.03	0.11	0.25	0.18	0.44	0.91		0.38	0.82	ITW
PH	0.86	0.78	0.82	0.48	0.45	0.97	0.44	0.38		0.58	PH
EPAC	0.65	0.15	0.21	0.39	0.11	0.64	0.81	0.82	0.58		EPAC
	CR	FLS	HI	MIDD	IEX	DOV	GGG	ITW	PH	EPAC

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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

PH	+ 0.97	DOV
HI	+ 0.93	FLS
ITW	+ 0.91	GGG
DOV	+ 0.9	CR
PH	+ 0.86	CR
PH	+ 0.82	HI

High negative correlations

IEX	- 0.33	MIDD
ITW	- 0.03	FLS

Risk-Adjusted Indicators

There is a big difference between Xometry Stock performing well and Xometry 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 Xometry'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
CR	1.45	(0.02)	0.00	(0.10)	0.00	0.00	2.75	(3.24)	16.18
FLS	1.57	(0.16)	0.00	(0.22)	0.00	0.00	2.55	(4.18)	10.01
HI	1.99	(0.19)	0.00	(0.21)	0.00	0.00	3.05	(5.05)	14.21
MIDD	1.28	0.20	0.15	0.15	1.37	(1.42)	1.89	(2.30)	19.44
IEX	1.14	(0.26)	0.00	(0.52)	0.00	0.00	1.95	(2.43)	12.03
DOV	1.09	(0.04)	0.00	(0.12)	0.00	0.00	1.96	(2.86)	8.86
GGG	0.99	(0.02)	0.00	(0.12)	0.00	0.00	1.60	(2.25)	4.96
ITW	0.99	(0.02)	0.00	(0.12)	0.00	0.00	1.95	(2.48)	8.34
PH	1.27	(0.03)	0.00	(0.11)	0.00	0.00	2.27	(3.50)	10.15
EPAC	1.32	(0.05)	0.00	(0.15)	0.00	0.00	2.21	(2.97)	6.65

Xometry Corporate Management

Matt Leibel	Chief Officer	Profile
James CPA	Executive Officer	Profile
Shawn Milne	Vice Relations	Profile
Kristie Scott	Secretary Counsel	Profile
Dmitry Kafidov	Managing Europe	Profile
Matthew Leibel	Chief Officer	Profile

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