Expion360 Correlations

XPON Stock

USD 0.71 0.03 4.07%

The current 90-days correlation between Expion360 and Addentax Group Corp is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Expion360 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expion360 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Expion360 Correlation With Market

Excellent diversification

The correlation between Expion360 and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expion360 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Expion360 Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.

Moving together with Expion360 Stock

0.67	INRN	Interroll Holding Earnings Call This Week	Pair Corr
0.69	RR	Richtech Robotics Class	Pair Corr
0.64	D7G	Nel ASA	Pair Corr
0.82	7YA	M VEST WATER	Pair Corr

Moving against Expion360 Stock

0.82	HI	Hillenbrand	Pair Corr
0.71	PH	Parker Hannifin	Pair Corr
0.69	PL	Planet Labs PBC	Pair Corr
0.65	OSG	OSG Corporation	Pair Corr
0.64	IR	Ingersoll Rand	Pair Corr
0.63	0ACC	Accelleron Industries	Pair Corr
0.63	FUCA	FANUC PUNSPADR 110	Pair Corr
0.48	HY	Hyster Yale Materials	Pair Corr
0.45	TE	T1 Energy	Pair Corr
0.4	CR	Crane Company	Pair Corr
0.76	21T	Bodycote PLC Earnings Call This Week	Pair Corr
0.72	GCP	General Electric	Pair Corr
0.71	HZ8	Insteel Industries	Pair Corr
0.69	IMI1	IMI plc Earnings Call Today	Pair Corr
0.64	CE3	Chongqing Machinery	Pair Corr
0.62	EAAS	Eenergy Group PLC	Pair Corr
0.62	STGN	Starrag Group Holding	Pair Corr
0.59	KC4	KONE Oyj	Pair Corr
0.58	DZR	AVINGTRANS LS 05	Pair Corr
0.55	NVJP	Umicore SA	Pair Corr
0.48	ALNSC	NSC Groupe SA	Pair Corr
0.45	MBH3	Maschinenfabrik Berthold	Pair Corr
0.43	4RX0	ZURN ELKAY WATER	Pair Corr
0.78	NDX1	Nordex SE	Pair Corr
0.73	PFV	Pfeiffer Vacuum Tech	Pair Corr
0.69	EPAC	Enerpac Tool Group	Pair Corr
0.65	ILT	Illinois Tool Works	Pair Corr
0.62	QS2A	Smiths Group plc	Pair Corr
0.55	EMR	Emerson Electric	Pair Corr

Related Correlations Analysis

	SUNE	ATXG	UGRO	PWDY	BAER	CIGL	BKYI	CLIK	ELOG
SUNE		0.0	-0.43	0.49	0.02	-0.33	-0.1	-0.5	-0.19	SUNE
ATXG	0.0		0.66	-0.62	-0.67	-0.04	0.27	0.68	0.79	ATXG
UGRO	-0.43	0.66		-0.81	-0.69	-0.15	0.03	0.85	0.58	UGRO
PWDY	0.49	-0.62	-0.81		0.51	0.01	-0.21	-0.81	-0.65	PWDY
BAER	0.02	-0.67	-0.69	0.51		0.34	-0.23	-0.67	-0.62	BAER
CIGL	-0.33	-0.04	-0.15	0.01	0.34		0.47	0.04	0.09	CIGL
BKYI	-0.1	0.27	0.03	-0.21	-0.23	0.47		0.32	0.55	BKYI
CLIK	-0.5	0.68	0.85	-0.81	-0.67	0.04	0.32		0.77	CLIK
ELOG	-0.19	0.79	0.58	-0.65	-0.62	0.09	0.55	0.77		ELOG
	SUNE	ATXG	UGRO	PWDY	BAER	CIGL	BKYI	CLIK	ELOG

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

CLIK	+ 0.85	UGRO
ELOG	+ 0.79	ATXG
ELOG	+ 0.77	CLIK
CLIK	+ 0.68	ATXG
UGRO	+ 0.66	ATXG
ELOG	+ 0.58	UGRO

High negative correlations

CLIK	- 0.81	PWDY
PWDY	- 0.81	UGRO
BAER	- 0.69	UGRO
CLIK	- 0.67	BAER
BAER	- 0.67	ATXG
ELOG	- 0.65	PWDY

Risk-Adjusted Indicators

There is a big difference between Expion360 Stock performing well and Expion360 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 Expion360'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
SUNE	6.13	0.43	0.07	0.13	5.51	(11.09)	12.88	(11.11)	56.81
ATXG	3.95	(0.68)	0.00	(2.60)	0.00	0.00	6.38	(9.30)	39.61
UGRO	5.78	(1.17)	0.00	(0.69)	0.00	0.00	12.24	(16.15)	55.61
PWDY	6.43	1.51	0.21	0.94	5.79	(9.10)	18.52	(11.11)	46.77
BAER	3.71	0.50	0.13	0.33	3.28	(5.22)	10.84	(6.02)	22.79
CIGL	6.28	0.32	0.04	0.07	7.27	(7.47)	16.35	(13.95)	45.73
BKYI	4.14	(0.01)	0.00	(0.01)	0.00	0.00	9.26	(8.20)	43.12
CLIK	4.11	(0.53)	0.00	0.35	0.00	0.00	14.91	(7.55)	44.45
ELOG	5.54	(0.46)	0.00	(0.73)	0.00	0.00	11.00	(11.25)	54.47

Expion360 Corporate Management

Carson Heagen	Interim Officer	Profile
Greg Aydelot	Chief Officer	Profile
Greg Aydelott	Chief Officer	Profile
John Yozamp	CEO Chairman	Profile

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