Gaxosai Correlations

GXAI Stock

1.31 0.01 0.76%

The current 90-days correlation between Gaxosai and Exchange Bankshares is -0.08 (i.e., Good diversification). The correlation of Gaxosai 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.

Gaxosai Correlation With Market

Weak diversification

The correlation between Gaxosai and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gaxosai and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gaxosai Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaxosai. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Gaxosai Stock please use our How to Invest in Gaxosai guide.

Moving together with Gaxosai Stock

0.69	TTWO	Take Two Interactive	Pair Corr
0.67	DUO	Fangdd Network Group	Pair Corr

Moving against Gaxosai Stock

0.74	CLLFF	Collins Foods Limited Earnings Call This Week	Pair Corr
0.62	ACGBF	Agricultural Bank	Pair Corr
0.53	GGB	Gerdau SA ADR	Pair Corr
0.4	BRK-A	Berkshire Hathaway	Pair Corr
0.78	PREC	Prestige Cars Intern	Pair Corr
0.63	384802AD6	GRAINGER W W	Pair Corr
0.56	FR	First Industrial Realty	Pair Corr
0.55	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.54	MTD	Mettler Toledo Inter	Pair Corr
0.47	TVTV	WhereverTV Broadcasting	Pair Corr
0.41	AAPL	Apple Inc	Pair Corr
0.37	CDP	COPT Defense Properties	Pair Corr
0.32	OSIS	OSI Systems	Pair Corr

Related Correlations Analysis

	THG	SLDE	HG	BWFG	EXCH	NBGIF	ALDF	PINXF
THG		0.43	0.71	0.44	0.16	0.23	0.3	-0.1	THG
SLDE	0.43		0.7	0.24	0.81	0.59	0.76	0.45	SLDE
HG	0.71	0.7		0.51	0.43	0.42	0.64	0.34	HG
BWFG	0.44	0.24	0.51		-0.14	-0.05	0.03	0.12	BWFG
EXCH	0.16	0.81	0.43	-0.14		0.68	0.68	0.47	EXCH
NBGIF	0.23	0.59	0.42	-0.05	0.68		0.48	0.27	NBGIF
ALDF	0.3	0.76	0.64	0.03	0.68	0.48		0.63	ALDF
PINXF	-0.1	0.45	0.34	0.12	0.47	0.27	0.63		PINXF
	THG	SLDE	HG	BWFG	EXCH	NBGIF	ALDF	PINXF

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

EXCH	+ 0.81	SLDE
ALDF	+ 0.76	SLDE
HG	+ 0.71	THG
HG	+ 0.7	SLDE
NBGIF	+ 0.68	EXCH
ALDF	+ 0.68	EXCH

High negative correlations

EXCH	- 0.14	BWFG
PINXF	- 0.1	THG
NBGIF	- 0.05	BWFG

Risk-Adjusted Indicators

There is a big difference between Gaxosai Stock performing well and Gaxosai 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 Gaxosai'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
THG	0.90	0.07	0.03	0.20	1.16	(0.93)	2.01	(2.13)	5.40
SLDE	2.37	0.28	0.09	0.42	2.71	(3.02)	6.48	(5.11)	22.65
HG	1.35	0.12	0.09	0.17	1.21	(1.72)	2.93	(2.37)	12.15
BWFG	1.17	0.05	0.03	0.11	1.43	(1.19)	2.26	(2.13)	7.48
EXCH	0.39	0.18	0.00	1.17	0.00	0.00	0.00	0.00	10.65
NBGIF	2.18	0.24	0.05	0.52	2.64	(3.70)	7.11	(6.67)	15.99
ALDF	0.12	(0.01)	(0.31)	1.53	0.12	(0.20)	0.38	(0.29)	0.77
PINXF	1.23	0.37	0.00	(0.89)	0.00	0.00	4.55	(2.06)	28.45

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