Xylo Technologies Correlations

XYLO Stock

5.15 0.04 0.78%

The current 90-days correlation between Xylo Technologies and Canlan Ice Sports is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylo Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylo Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylo Technologies Correlation With Market

Average diversification

The correlation between Xylo Technologies and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xylo Technologies 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 Xylo Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Xylo Stock

0.7	PLX	Protalix Biotherapeutics	Pair Corr
0.72	NVCT	Nuvectis Pharma	Pair Corr

Moving against Xylo Stock

0.64	CDIOW	Cardio Diagnostics	Pair Corr
0.6	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.57	OCEAW	Ocean Biomedical	Pair Corr
0.54	INFU	InfuSystems Holdings	Pair Corr
0.5	HOLX	Hologic	Pair Corr
0.41	GPCR	Structure Therapeutics	Pair Corr
0.39	ELVN	Enliven Therapeutics	Pair Corr
0.38	SSKN	STRATA Skin Sciences Earnings Call This Week	Pair Corr
0.64	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.63	PMVP	Pmv Pharmaceuticals	Pair Corr
0.59	ATNF	180 Life Sciences	Pair Corr
0.56	ZURA	Zura Bio Limited	Pair Corr
0.5	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.45	PYXS	Pyxis Oncology	Pair Corr
0.38	SCLX	Scilex Holding	Pair Corr
0.37	IMMX	Immix Biopharma	Pair Corr

Related Correlations Analysis

	KODK	NTES	CNLFF	PRKS	DKL	FLUT	TRMD	SAIA
KODK		0.44	-0.04	0.11	0.13	0.6	-0.03	0.52	KODK
NTES	0.44		0.5	-0.68	0.43	0.13	-0.14	-0.19	NTES
CNLFF	-0.04	0.5		-0.38	0.67	-0.11	0.22	-0.36	CNLFF
PRKS	0.11	-0.68	-0.38		-0.38	0.42	0.4	0.68	PRKS
DKL	0.13	0.43	0.67	-0.38		-0.1	0.34	-0.11	DKL
FLUT	0.6	0.13	-0.11	0.42	-0.1		-0.01	0.64	FLUT
TRMD	-0.03	-0.14	0.22	0.4	0.34	-0.01		0.34	TRMD
SAIA	0.52	-0.19	-0.36	0.68	-0.11	0.64	0.34		SAIA
	KODK	NTES	CNLFF	PRKS	DKL	FLUT	TRMD	SAIA

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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

SAIA	+ 0.68	PRKS
DKL	+ 0.67	CNLFF
SAIA	+ 0.64	FLUT
FLUT	+ 0.6	KODK
SAIA	+ 0.52	KODK
CNLFF	+ 0.5	NTES

High negative correlations

PRKS	- 0.68	NTES
DKL	- 0.38	PRKS
PRKS	- 0.38	CNLFF
SAIA	- 0.36	CNLFF
SAIA	- 0.19	NTES
TRMD	- 0.14	NTES

Risk-Adjusted Indicators

There is a big difference between Xylo Stock performing well and Xylo 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 Xylo 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
KODK	2.86	0.04	0.00	(0.05)	0.00	0.00	5.48	(4.98)	18.97
NTES	1.64	0.07	0.05	0.08	2.01	(1.69)	3.75	(3.10)	12.65
CNLFF	0.02	0.00	0.00	(0.02)	0.00	0.00	0.00	0.00	0.68
PRKS	1.74	(0.11)	0.00	(0.19)	0.00	0.00	2.71	(3.61)	12.64
DKL	1.02	0.21	0.21	0.34	0.96	(1.17)	2.92	(1.98)	6.06
FLUT	1.66	(0.13)	0.00	(0.18)	0.00	0.00	3.26	(3.62)	14.24
TRMD	2.38	0.06	0.04	0.16	2.90	(2.51)	5.73	(4.80)	18.19
SAIA	2.31	(0.44)	0.00	(0.36)	0.00	0.00	3.58	(4.72)	15.36

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