Elixinol Global Correlations

ELLXF Stock

USD 0.03 0.00 0.00%

The current 90-days correlation between Elixinol Global and Pharmadrug is -0.01 (i.e., Good diversification). The correlation of Elixinol Global 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.

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

Moving together with Elixinol Pink Sheet

0.81	WMT	Walmart Aggressive Push	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Elixinol Pink Sheet

0.63	TEVA	Teva Pharmaceutical	Pair Corr
0.55	MKKGY	Merck KGaA ADR	Pair Corr
0.51	MKGAF	MERCK Kommanditgesells	Pair Corr
0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.49	BKRKY	Bank Rakyat	Pair Corr
0.45	PBCRY	Bank Central Asia	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.4	PPERF	Bank Mandiri Persero	Pair Corr
0.37	TAK	Takeda Pharmaceutical	Pair Corr
0.35	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.51	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.41	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	BNOWD	LMLLF	LVVV	AGFAF	DXBRF	THCT	TAUG	ESALF	MPXOF	FFNTF
BNOWD		0.09	0.3	0.01	0.0	0.15	0.0	0.26	-0.1	0.27	BNOWD
LMLLF	0.09		0.41	0.16	0.0	0.11	0.0	0.51	-0.25	0.67	LMLLF
LVVV	0.3	0.41		0.14	0.0	0.32	0.0	0.79	-0.27	0.66	LVVV
AGFAF	0.01	0.16	0.14		0.0	0.17	0.0	0.3	-0.08	0.09	AGFAF
DXBRF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DXBRF
THCT	0.15	0.11	0.32	0.17	0.0		0.0	0.34	-0.13	0.21	THCT
TAUG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TAUG
ESALF	0.26	0.51	0.79	0.3	0.0	0.34	0.0		-0.32	0.83	ESALF
MPXOF	-0.1	-0.25	-0.27	-0.08	0.0	-0.13	0.0	-0.32		-0.31	MPXOF
FFNTF	0.27	0.67	0.66	0.09	0.0	0.21	0.0	0.83	-0.31		FFNTF
	BNOWD	LMLLF	LVVV	AGFAF	DXBRF	THCT	TAUG	ESALF	MPXOF	FFNTF

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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

FFNTF	+ 0.83	ESALF
ESALF	+ 0.79	LVVV
FFNTF	+ 0.67	LMLLF
FFNTF	+ 0.66	LVVV
ESALF	+ 0.51	LMLLF
LVVV	+ 0.41	LMLLF

High negative correlations

MPXOF	- 0.32	ESALF
FFNTF	- 0.31	MPXOF
MPXOF	- 0.27	LVVV
MPXOF	- 0.25	LMLLF
MPXOF	- 0.13	THCT
MPXOF	- 0.1	BNOWD

Risk-Adjusted Indicators

There is a big difference between Elixinol Pink Sheet performing well and Elixinol Global 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 Elixinol Global'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
BNOWD	142.59	60.41	2.07	0.75	26.85	(228.28)	100.00	(50.00)	4,756
LMLLF	12.79	1.09	0.06	1.38	14.03	(19.55)	30.25	(27.72)	91.10
LVVV	5.59	(0.30)	0.00	(0.21)	0.00	0.00	12.50	(11.11)	36.11
AGFAF	1.90	0.10	0.00	3.89	0.00	0.00	0.00	(1.84)	50.00
DXBRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THCT	24.85	13.01	0.00	(0.46)	0.00	0.00	16.67	0.00	889.13
TAUG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESALF	1.81	(0.48)	0.00	(0.69)	0.00	0.00	2.95	(6.68)	13.45
MPXOF	75.97	34.81	0.42	5.41	24.04	(348.96)	266.67	(81.82)	1,292
FFNTF	8.56	(0.75)	0.00	(0.70)	0.00	0.00	20.00	(18.18)	58.33

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Our tools can tell you how much better you can do entering a position in Elixinol Global 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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Elixinol Global Corporate Management

Kim BradleyWare	Joint Company Secretary	Profile
Glen Zurcher	Account Department	Profile
FCPA BEC	Interim Officer	Profile
Teresa Cleary	G Sec	Profile
Rob Hasselman	Pres Americas	Profile
Josephine Lorenz	Global Controller	Profile
Beata Silber	Global Innovation	Profile

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