PhenixFIN 525 Correlations

PFXNZ Stock

USD 22.87 0.03 0.13%

The current 90-days correlation between PhenixFIN 525 and Synchronoss Technologies 8375 is 0.06 (i.e., Significant diversification). The correlation of PhenixFIN 525 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.

PhenixFIN 525 Correlation With Market

Average diversification

The correlation between PhenixFIN 525 and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PhenixFIN 525 and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PhenixFIN 525. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PhenixFIN Stock please use our How to Invest in PhenixFIN 525 guide.

Moving together with PhenixFIN Stock

0.63	YHNAU	YHN Acquisition I	Pair Corr
0.83	DSAQ	Direct Selling Acqui	Pair Corr
0.64	DTSQ	DT Cloud Star	Pair Corr
0.74	MITT-PC	AG Mortgage Investment	Pair Corr
0.84	NOVVU	Nova Vision Acquisition	Pair Corr
0.82	EURK	Eureka Acquisition Corp	Pair Corr
0.77	OCAXW	OCA Acquisition Corp	Pair Corr

Moving against PhenixFIN Stock

0.86	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.83	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.75	SCHW-PJ	Charles Schwab	Pair Corr
0.71	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.57	VNO-PL	Vornado Realty Trust	Pair Corr
0.56	ADC-PA	Agree Realty	Pair Corr
0.55	BRACR	Broad Capital Acquisition	Pair Corr
0.48	ILLRW	Triller Group Symbol Change	Pair Corr
0.33	ROCLU	Roth CH Acquisition	Pair Corr

Related Correlations Analysis

	SNCRL	GECCO	GAINN	HROWL
SNCRL		0.53	0.09	0.84	SNCRL
GECCO	0.53		0.03	0.52	GECCO
GAINN	0.09	0.03		0.07	GAINN
HROWL	0.84	0.52	0.07		HROWL
	SNCRL	GECCO	GAINN	HROWL

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Risk-Adjusted Indicators

There is a big difference between PhenixFIN Stock performing well and PhenixFIN 525 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 PhenixFIN 525'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
SNCRL	0.38	0.03	(0.07)	1.18	0.44	(0.43)	0.77	(0.64)	2.95
GECCO	0.27	0.05	(0.06)	(1.59)	0.12	(0.50)	1.28	(0.62)	2.43
GAINN	0.28	(0.01)	(0.19)	(0.26)	0.34	(0.35)	0.74	(0.69)	2.65
HROWL	0.19	0.02	(0.22)	(0.48)	0.18	(0.22)	0.48	(0.40)	1.60

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