Exceed World Correlations

EXDW Stock

USD 0.50 0.75 60.00%

The current 90-days correlation between Exceed World and ATA Creativity Global is -0.06 (i.e., Good diversification). The correlation of Exceed World 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.

Exceed World Correlation With Market

Average diversification

The correlation between Exceed World and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exceed World and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Exceed Pink Sheet

0.72	SLF	Sun Life Financial	Pair Corr
0.73	AAPL	Apple Inc Aggressive Push	Pair Corr
0.77	BBAI	BigBearai Holdings	Pair Corr
0.65	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.7	DUOL	Duolingo	Pair Corr
0.89	URBN	Urban Outfitters	Pair Corr
0.66	L	Loews Corp	Pair Corr
0.65	GTLB	Gitlab Inc	Pair Corr
0.74	SOUN	SoundHound AI Aggressive Push	Pair Corr
0.83	QUBT	Quantum Computing	Pair Corr
0.65	PSTG	Pure Storage	Pair Corr

Moving against Exceed Pink Sheet

0.82	IDPUF	IDP Education Limited	Pair Corr
0.79	MCAE	Mountain Crest Acqui	Pair Corr
0.56	GLUC	Glucose Health	Pair Corr
0.48	MCAEU	Mountain Crest Acqui	Pair Corr
0.39	NIHK	Video River Networks	Pair Corr
0.36	BMWYY	Bayerische Motoren Werke	Pair Corr

Related Correlations Analysis

	UTI	AACG	STG	VSTA	AMBO	APEI	STRA	LOPE	LAUR	ATGE
UTI		0.29	-0.49	-0.76	0.01	0.97	0.85	0.88	0.86	0.88	UTI
AACG	0.29		0.31	-0.06	0.3	0.26	0.0	0.25	0.32	0.45	AACG
STG	-0.49	0.31		0.34	0.55	-0.53	-0.57	-0.48	-0.44	-0.41	STG
VSTA	-0.76	-0.06	0.34		-0.16	-0.77	-0.66	-0.66	-0.55	-0.58	VSTA
AMBO	0.01	0.3	0.55	-0.16		-0.06	-0.23	-0.15	-0.14	-0.08	AMBO
APEI	0.97	0.26	-0.53	-0.77	-0.06		0.89	0.92	0.89	0.91	APEI
STRA	0.85	0.0	-0.57	-0.66	-0.23	0.89		0.95	0.87	0.84	STRA
LOPE	0.88	0.25	-0.48	-0.66	-0.15	0.92	0.95		0.94	0.94	LOPE
LAUR	0.86	0.32	-0.44	-0.55	-0.14	0.89	0.87	0.94		0.93	LAUR
ATGE	0.88	0.45	-0.41	-0.58	-0.08	0.91	0.84	0.94	0.93		ATGE
	UTI	AACG	STG	VSTA	AMBO	APEI	STRA	LOPE	LAUR	ATGE

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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

APEI	+ 0.97	UTI
LOPE	+ 0.95	STRA
LAUR	+ 0.94	LOPE
ATGE	+ 0.94	LOPE
ATGE	+ 0.93	LAUR
LOPE	+ 0.92	APEI

High negative correlations

APEI	- 0.77	VSTA
VSTA	- 0.76	UTI
LOPE	- 0.66	VSTA
STRA	- 0.66	VSTA
ATGE	- 0.58	VSTA
STRA	- 0.57	STG

Risk-Adjusted Indicators

There is a big difference between Exceed Pink Sheet performing well and Exceed World 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 Exceed World'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
UTI	1.97	0.50	0.27	0.29	1.69	(2.37)	4.59	(3.14)	27.29
AACG	3.08	0.60	0.11	2.29	3.70	(4.69)	7.94	(5.66)	31.69
STG	4.33	0.24	0.00	(0.05)	6.36	(4.70)	8.33	(8.28)	36.87
VSTA	1.52	(0.24)	0.00	4.91	0.00	0.00	3.17	(4.38)	9.40
AMBO	10.20	3.53	0.26	(0.28)	8.52	(14.87)	17.79	(9.44)	259.37
APEI	1.85	0.51	0.26	0.40	1.54	(2.09)	5.63	(2.99)	21.66
STRA	1.04	(0.01)	0.03	0.09	1.03	(1.15)	1.61	(1.93)	11.37
LOPE	1.28	0.12	0.19	0.17	0.84	(1.70)	2.36	(1.94)	17.79
LAUR	1.33	0.36	0.24	0.65	0.95	(1.59)	3.14	(2.16)	13.35
ATGE	1.39	0.21	0.15	0.24	1.46	(1.55)	2.81	(2.48)	15.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Exceed World 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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