X Trade Correlations
| XTB Stock | 69.86 0.40 0.57% |
The current 90-days correlation between X Trade Brokers and Novavis Group SA is -0.07 (i.e., Good diversification). The correlation of X Trade 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.
X Trade Correlation With Market
Good diversification
The correlation between X Trade Brokers and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding X Trade Brokers and DJI in the same portfolio, assuming nothing else is changed.
XTB |
The ability to find closely correlated positions to X Trade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace X Trade 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 X Trade - 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 X Trade Brokers to buy it.
Moving together with XTB Stock
Moving against XTB Stock
| 0.56 | PCO | Pepco Group BV | PairCorr |
| 0.54 | NTC | New Tech Capital | PairCorr |
| 0.54 | ALE | Allegroeu SA | PairCorr |
| 0.49 | KGH | KGHM Polska Miedz | PairCorr |
| 0.4 | NVG | Novavis Group SA | PairCorr |
| 0.4 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.38 | SKL | Skyline Investment | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in X Trade 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.Did you try this?
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X Trade Corporate Executives
Elected by the shareholders, the X Trade's board of directors comprises two types of representatives: X Trade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XTB. The board's role is to monitor X Trade's management team and ensure that shareholders' interests are well served. X Trade'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, X Trade's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pawel Szejko | CFO Board | Profile |