Xero Correlations

XROLF Stock  USD 108.72  0.32  0.30%   
The current 90-days correlation between Xero Limited and Temenos Group AG is -0.02 (i.e., Good diversification). The correlation of Xero 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.

Xero Correlation With Market

Significant diversification

The correlation between Xero Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xero Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xero could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xero 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 Xero - 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 Xero Limited to buy it.

Moving together with Xero Pink Sheet

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  0.83MSTR MicroStrategy Incorporated Buyout TrendPairCorr
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  0.92DIS Walt Disney Aggressive PushPairCorr
  0.71JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.76BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.61CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.62INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.83WMT Walmart Aggressive PushPairCorr
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  0.85CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.61TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr

Moving against Xero Pink Sheet

  0.76PFE Pfizer Inc Potential GrowthPairCorr
  0.6KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.53BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

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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   
RSASFDASTF
RSASFTMSNY
OONEFSGPYY
LSPKFTMSNY
OONEFFMEGF
RSASFLSPKF
  
High negative correlations   
LSPKFSGPYY
RSASFSGPYY
FMEGFROWKF
SGPYYTMSNY
LSPKFOONEF
DASTFSGPYY

Risk-Adjusted Indicators

There is a big difference between Xero Pink Sheet performing well and Xero 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 Xero'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TMSNY  1.53 (0.12) 0.00  2.48  0.00 
 3.75 
 7.87 
ROWKF  25.49  8.75  0.00  0.50  0.00 
 0.00 
 852.38 
DPSIP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FMEGF  1.07  0.21  0.00 (0.55) 0.00 
 6.25 
 38.91 
SGPYY  1.38  0.33  0.20  0.92  0.98 
 2.94 
 19.37 
OONEF  24.29  12.26  0.00 (0.65) 0.00 
 25.00 
 566.67 
DASTF  1.31 (0.20) 0.00  1.78  0.00 
 2.59 
 8.95 
LSPKF  0.98 (0.18) 0.00  0.29  0.00 
 0.00 
 46.79 
RSASF  5.12 (0.33) 0.00  0.48  0.00 
 20.00 
 51.65 

Be your own money manager

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

Steven BEChief OfficerProfile
Rachael PowellChief People OfficerProfile
Anna CurzonChief Partner OfficerProfile
Nicole ReidChief OfficerProfile
BEc FCISCompany OfficerProfile
Rod DruryFounder DirectorProfile
Mark ReesChief OfficerProfile