Xiaomi Corp Correlations
| XIACF Stock | USD 3.61 0.15 4.34% |
The current 90-days correlation between Xiaomi Corp and Casio Computer Co is 0.02 (i.e., Significant diversification). The correlation of Xiaomi Corp 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.
Xiaomi Corp Correlation With Market
Significant diversification
The correlation between Xiaomi Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xiaomi Corp and DJI in the same portfolio, assuming nothing else is changed.
Xiaomi |
The ability to find closely correlated positions to Xiaomi Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xiaomi Corp 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 Xiaomi Corp - 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 Xiaomi Corp to buy it.
Moving together with Xiaomi Pink Sheet
| 0.86 | SSNLF | Samsung Electronics | PairCorr |
| 1.0 | XIACY | Xiaomi Corp ADR | PairCorr |
| 0.74 | PCRFF | Panasonic Corp | PairCorr |
| 0.88 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.93 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.82 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.91 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.82 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.76 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.89 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
Moving against Xiaomi Pink Sheet
| 0.84 | HYMTF | Hyundai Motor | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.63 | KYOCF | Kyocera | PairCorr |
| 0.54 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.43 | SNEJF | Sony Corp | PairCorr |
| 0.95 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.91 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.42 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Xiaomi Pink Sheet performing well and Xiaomi Corp 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 Xiaomi Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZEPP | 3.70 | (0.11) | (0.01) | 0.03 | 4.96 | 8.75 | 30.59 | |||
| SSNLF | 0.02 | 0.00 | 0.00 | (0.10) | 0.00 | 0.00 | 0.67 | |||
| LPL | 1.74 | (0.34) | 0.00 | (0.34) | 0.00 | 2.49 | 11.29 | |||
| SHCAF | 0.13 | (0.07) | 0.00 | 3.69 | 0.00 | 0.00 | 4.26 | |||
| TCLHF | 2.76 | 0.35 | 0.03 | 1.26 | 3.50 | 11.27 | 31.89 | |||
| SHCAY | 4.14 | (0.12) | 0.00 | (0.42) | 0.00 | 8.82 | 24.59 | |||
| CSIOY | 2.18 | (0.23) | 0.00 | (3.40) | 0.00 | 3.88 | 12.94 | |||
| UEIC | 2.77 | 0.40 | 0.11 | 0.86 | 2.77 | 4.75 | 34.96 | |||
| VZIO | 0.36 | 0.00 | (0.25) | 0.12 | 0.40 | 0.90 | 2.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Xiaomi Corp 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.Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |