YXTCOM GROUP Correlations

YXT Stock

2.61 0.09 3.33%

The current 90-days correlation between YXTCOM GROUP HOLDING and Parker Hannifin is 0.01 (i.e., Significant diversification). The correlation of YXTCOM GROUP 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.

YXTCOM GROUP Correlation With Market

Significant diversification

The correlation between YXTCOM GROUP HOLDING and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YXTCOM GROUP HOLDING 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 YXTCOM GROUP HOLDING. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with YXTCOM Stock

0.65

VCIG

VCI Global Limited

Pair Corr

Moving against YXTCOM Stock

0.6	NL	NL Industries	Pair Corr
0.6	VSEC	VSE Corporation	Pair Corr
0.51	EXLS	ExlService Holdings	Pair Corr
0.5	LZ	LegalZoom	Pair Corr
0.47	ABM	ABM Industries	Pair Corr
0.42	SQ	Block Inc	Pair Corr
0.41	BV	BrightView Holdings	Pair Corr
0.39	BR	Broadridge Financial	Pair Corr
0.38	VRSK	Verisk Analytics	Pair Corr
0.37	WM	Waste Management	Pair Corr
0.34	DRVN	Driven Brands Holdings	Pair Corr
0.33	G	Genpact Limited	Pair Corr
0.44	CXW	CoreCivic	Pair Corr
0.43	GEO	Geo Group	Pair Corr
0.42	GFL	Gfl Environmental	Pair Corr
0.41	AWX	Avalon Holdings	Pair Corr
0.36	DLX	Deluxe	Pair Corr
0.34	BTM	Bitcoin Depot	Pair Corr
0.34	FOUR	Shift4 Payments	Pair Corr
0.33	CBZ	CBIZ Inc	Pair Corr
0.31	DNB	Dun Bradstreet Holdings	Pair Corr

Related Correlations Analysis

	PH	HIHO	BYD	APOG	EGO	AVNT	PLTK	GFF
PH		0.07	0.81	0.75	-0.65	0.42	0.71	0.78	PH
HIHO	0.07		0.05	0.07	0.03	-0.08	-0.03	-0.03	HIHO
BYD	0.81	0.05		0.58	-0.71	0.09	0.53	0.65	BYD
APOG	0.75	0.07	0.58		-0.4	0.57	0.67	0.42	APOG
EGO	-0.65	0.03	-0.71	-0.4		0.21	-0.18	-0.53	EGO
AVNT	0.42	-0.08	0.09	0.57	0.21		0.79	0.23	AVNT
PLTK	0.71	-0.03	0.53	0.67	-0.18	0.79		0.47	PLTK
GFF	0.78	-0.03	0.65	0.42	-0.53	0.23	0.47		GFF
	PH	HIHO	BYD	APOG	EGO	AVNT	PLTK	GFF

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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

BYD	+ 0.81	PH
PLTK	+ 0.79	AVNT
GFF	+ 0.78	PH
APOG	+ 0.75	PH
PLTK	+ 0.71	PH
PLTK	+ 0.67	APOG

High negative correlations

EGO	- 0.71	BYD
EGO	- 0.65	PH
GFF	- 0.53	EGO
EGO	- 0.4	APOG
PLTK	- 0.18	EGO
AVNT	- 0.08	HIHO

Risk-Adjusted Indicators

There is a big difference between YXTCOM Stock performing well and YXTCOM GROUP 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 YXTCOM GROUP'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
PH	0.89	0.05	0.02	0.21	1.00	(1.04)	1.81	(1.56)	11.90
HIHO	1.74	0.16	0.03	(0.55)	2.94	(2.07)	2.69	(2.62)	41.93
BYD	1.06	0.14	0.10	0.18	1.08	(1.14)	1.87	(1.73)	12.01
APOG	1.67	0.07	0.06	0.07	1.76	(2.05)	2.78	(3.10)	28.75
EGO	1.84	(0.21)	0.00	(2.23)	0.00	0.00	3.54	(4.83)	11.74
AVNT	1.34	(0.30)	0.00	(0.13)	0.00	0.00	2.70	(2.34)	13.45
PLTK	1.24	(0.22)	0.00	(0.21)	0.00	0.00	1.90	(2.65)	10.85
GFF	1.68	0.12	0.05	0.31	1.84	(1.99)	3.03	(3.57)	22.89

YXTCOM GROUP Corporate Executives

Elected by the shareholders, the YXTCOM GROUP's board of directors comprises two types of representatives: YXTCOM GROUP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of YXTCOM. The board's role is to monitor YXTCOM GROUP's management team and ensure that shareholders' interests are well served. YXTCOM GROUP'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, YXTCOM GROUP's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Lu Xiaoyan	Founder Board	Profile
	Wu Yazhou	CTO Development	Profile

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