Pyxis Tankers Correlations
| PXSAWDelisted Stock | | | USD 0.02 0.01 31.00% |
The correlation of Pyxis Tankers 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.
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Related Correlations Analysis
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| LGHLW | | ASC | | UKOMW | | ASC | | UKOMW | | LGHLW | | UKOMW | | PXS |
| | High negative correlations| PXS | | LGHLW | | PXS | | ASC | | UKOMW | | PXS | | UKOMW | | LGHLW | | UKOMW | | ASC |
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Risk-Adjusted IndicatorsThere is a big difference between Pyxis Stock performing well and Pyxis Tankers 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 Pyxis Tankers' 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.
Pyxis Tankers Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pyxis Tankers stock to make a market-neutral strategy. Peer analysis of Pyxis Tankers could also be used in its relative valuation, which is a method of valuing Pyxis Tankers by comparing valuation metrics with similar companies.
Pyxis Tankers Corporate Executives
Elected by the shareholders, the Pyxis Tankers' board of directors comprises two types of representatives: Pyxis Tankers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pyxis. The board's role is to monitor Pyxis Tankers' management team and ensure that shareholders' interests are well served. Pyxis Tankers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pyxis Tankers' outside directors are responsible for providing unbiased perspectives on the board's policies.
Still Interested in Pyxis Tankers?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.