XIAO I Correlations

AIXI Stock

4.89 0.10 2.00%

The current 90-days correlation between XIAO I American and 51Talk Online Education is 0.06 (i.e., Significant diversification). The correlation of XIAO I 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.

XIAO I Correlation With Market

Average diversification

The correlation between XIAO I American and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XIAO I American and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XIAO I American. 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 against XIAO Stock

0.34	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.51	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	COE	GZITF	LFVN	AFYA	MRRTY	WFCF	FSTR	BEDU
COE		0.06	0.28	-0.14	-0.02	-0.05	-0.03	0.15	COE
GZITF	0.06		0.77	-0.14	0.78	0.62	0.81	-0.57	GZITF
LFVN	0.28	0.77		-0.39	0.61	0.78	0.75	-0.46	LFVN
AFYA	-0.14	-0.14	-0.39		-0.19	-0.53	-0.49	0.0	AFYA
MRRTY	-0.02	0.78	0.61	-0.19		0.68	0.86	-0.64	MRRTY
WFCF	-0.05	0.62	0.78	-0.53	0.68		0.82	-0.44	WFCF
FSTR	-0.03	0.81	0.75	-0.49	0.86	0.82		-0.6	FSTR
BEDU	0.15	-0.57	-0.46	0.0	-0.64	-0.44	-0.6		BEDU
	COE	GZITF	LFVN	AFYA	MRRTY	WFCF	FSTR	BEDU

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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

FSTR	+ 0.86	MRRTY
FSTR	+ 0.82	WFCF
FSTR	+ 0.81	GZITF
MRRTY	+ 0.78	GZITF
WFCF	+ 0.78	LFVN
LFVN	+ 0.77	GZITF

High negative correlations

BEDU	- 0.64	MRRTY
BEDU	- 0.6	FSTR
BEDU	- 0.57	GZITF
WFCF	- 0.53	AFYA
FSTR	- 0.49	AFYA
BEDU	- 0.46	LFVN

Risk-Adjusted Indicators

There is a big difference between XIAO Stock performing well and XIAO I 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 XIAO I'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
COE	2.91	0.24	0.06	(20.41)	3.32	(3.56)	9.36	(4.95)	28.89
GZITF	0.84	0.41	0.00	0.89	0.00	0.00	0.00	0.00	26.67
LFVN	3.38	0.87	0.26	1.91	2.98	(4.14)	8.58	(5.43)	18.78
AFYA	1.53	(0.13)	0.00	(0.18)	0.00	0.00	2.68	(2.99)	9.86
MRRTY	2.58	0.13	0.04	0.17	3.26	(3.10)	6.31	(5.20)	19.74
WFCF	1.41	0.20	0.09	0.83	1.71	(1.59)	3.34	(2.99)	12.53
FSTR	1.98	0.39	0.18	0.22	1.84	(2.20)	6.37	(3.40)	17.99
BEDU	2.23	(0.03)	0.00	0.07	0.00	0.00	5.38	(5.41)	13.53

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