Expensify Correlations

Expensify Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expensify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more information on how to buy Expensify Stock please use our How to Invest in Expensify guide.

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 SVCO + 0.86 TEAD SVCO + 0.81 HIT AISP + 0.8 SVCO HIT + 0.79 TEAD AISP + 0.73 HIT AISP + 0.72 TEAD

High negative correlations XTKG - 0.9 TROO DSP - 0.77 HIT DSP - 0.63 XTKG DSP - 0.63 TEAD AISP - 0.62 DSP SVCO - 0.57 DSP

Risk-Adjusted Indicators

There is a big difference between Expensify Stock performing well and Expensify 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 Expensify'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.