Xeros Technology Correlations

XSG Stock

0.38 0.02 5.00%

The current 90-days correlation between Xeros Technology and Samsung Electronics Co is -0.04 (i.e., Good diversification). The correlation of Xeros Technology 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.

Xeros Technology Correlation With Market

Average diversification

The correlation between Xeros Technology Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xeros Technology Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Xeros Stock

0.75	WKOF	Weiss Korea Opportunity	Pair Corr
0.91	0QZK	Coca Cola	Pair Corr
0.77	RIO	Rio Tinto PLC	Pair Corr

Moving against Xeros Stock

0.93	0LAI	Summit Materials	Pair Corr
0.92	BGEO	Bank of Georgia	Pair Corr
0.9	0P5L	Axway Software SA	Pair Corr
0.89	MNKS	Monks Investment Trust	Pair Corr
0.87	GST	GSTechnologies	Pair Corr
0.85	0HOY	Boston Scientific Corp	Pair Corr
0.85	0R3C	American Express	Pair Corr
0.81	GAW	Games Workshop Group	Pair Corr
0.8	0R1O	Amazon Inc	Pair Corr
0.79	0HW4	Charter Communications	Pair Corr
0.68	SIGC	Sherborne Investors	Pair Corr
0.68	CUSN	Cornish Metals	Pair Corr
0.64	0RIH	Alphabet Class A	Pair Corr
0.62	0N7I	Cairo Communication SpA	Pair Corr
0.61	0R1G	Home Depot	Pair Corr
0.61	0R1I	NVIDIA Corp	Pair Corr
0.58	TYT	Toyota Motor Corp	Pair Corr
0.55	CHRY	Chrysalis Investments	Pair Corr
0.51	BAR	Eclectic Bar Group	Pair Corr
0.5	70GD	70GD	Pair Corr
0.46	RMMC	River and Mercantile	Pair Corr
0.36	0DNH	Atos SE	Pair Corr
0.32	MKS	Marks and Spencer	Pair Corr
0.92	WISE	Wise plc	Pair Corr
0.9	HSBK	Halyk Bank	Pair Corr
0.87	HSBA	HSBC Holdings PLC	Pair Corr
0.86	0I9F	Digital Realty Trust	Pair Corr
0.86	DEC	Diversified Energy	Pair Corr
0.84	0HJI	Automatic Data Processing	Pair Corr
0.8	0HPW	Broadridge Financial	Pair Corr
0.8	0K2K	Molson Coors Beverage	Pair Corr
0.78	III	3I Group PLC	Pair Corr
0.77	APTA	Aptamer Group PLC	Pair Corr
0.76	EZJ	EasyJet PLC	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO
SMSD		0.98	0.86	-0.49	-0.59	-0.69	0.9	-0.8	0.8	-0.46	SMSD
SMSN	0.98		0.87	-0.48	-0.57	-0.72	0.91	-0.84	0.79	-0.51	SMSN
HYUD	0.86	0.87		-0.7	-0.55	-0.8	0.89	-0.9	0.77	-0.58	HYUD
TYT	-0.49	-0.48	-0.7		0.17	0.63	-0.53	0.69	-0.47	0.44	TYT
SBID	-0.59	-0.57	-0.55	0.17		0.44	-0.46	0.55	-0.28	0.61	SBID
0R15	-0.69	-0.72	-0.8	0.63	0.44		-0.79	0.77	-0.63	0.58	0R15
RIGD	0.9	0.91	0.89	-0.53	-0.46	-0.79		-0.79	0.9	-0.48	RIGD
HSBK	-0.8	-0.84	-0.9	0.69	0.55	0.77	-0.79		-0.63	0.69	HSBK
AXB	0.8	0.79	0.77	-0.47	-0.28	-0.63	0.9	-0.63		-0.29	AXB
GTCO	-0.46	-0.51	-0.58	0.44	0.61	0.58	-0.48	0.69	-0.29		GTCO
	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO

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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

SMSN	+ 0.98	SMSD
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD
AXB	+ 0.9	RIGD
RIGD	+ 0.89	HYUD
HYUD	+ 0.87	SMSN

High negative correlations

HSBK	- 0.9	HYUD
HSBK	- 0.84	SMSN
0R15	- 0.8	HYUD
HSBK	- 0.8	SMSD
HSBK	- 0.79	RIGD
RIGD	- 0.79	0R15

Risk-Adjusted Indicators

There is a big difference between Xeros Stock performing well and Xeros Technology 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 Xeros Technology'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
SMSD	1.69	(0.37)	0.00	2.23	0.00	0.00	3.81	(3.51)	10.50
SMSN	1.74	(0.34)	0.00	(6.56)	0.00	0.00	3.19	(4.00)	13.39
HYUD	1.85	(0.29)	0.00	(2.61)	0.00	0.00	3.67	(4.07)	11.89
TYT	0.92	0.08	0.02	(2.26)	1.43	(1.69)	2.39	(2.42)	10.47
SBID	1.07	0.00	(0.02)	0.02	1.25	(1.23)	2.44	(2.30)	8.15
0R15	2.24	0.30	0.09	(0.38)	2.61	(2.46)	5.13	(4.30)	13.83
RIGD	0.94	(0.32)	0.00	1.90	0.00	0.00	1.51	(2.70)	6.39
HSBK	1.01	0.17	0.10	1.80	1.02	(1.11)	2.39	(2.30)	8.48
AXB	1.05	(0.23)	0.00	15.57	0.00	0.00	2.04	(2.74)	6.54
GTCO	0.90	(0.03)	0.00	(0.05)	0.00	0.00	3.93	(3.85)	11.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xeros Technology 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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Xeros Technology Corporate Executives

Elected by the shareholders, the Xeros Technology's board of directors comprises two types of representatives: Xeros Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xeros. The board's role is to monitor Xeros Technology's management team and ensure that shareholders' interests are well served. Xeros Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Xeros Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Paul Denney

Company CFO

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