22nd Century Correlations

XXII Stock

USD 1.04 0.18 20.93%

The current 90-days correlation between 22nd Century Group and Marti Technologies is -0.1 (i.e., Good diversification). The correlation of 22nd Century 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.

22nd Century Correlation With Market

Average diversification

The correlation between 22nd Century Group and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 22nd Century Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 22nd Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with 22nd Stock

0.8	MO	Altria Group	Pair Corr
0.73	NTNX	Nutanix	Pair Corr

Moving against 22nd Stock

0.92	CSR	Centerspace	Pair Corr
0.89	ESOCF	Enel SpA	Pair Corr
0.88	AMRX	Amneal Pharmaceuticals,	Pair Corr
0.88	FCBBF	FinecoBank Banca Fineco	Pair Corr
0.88	AIRYY	Air China	Pair Corr
0.87	APGE	Apogee Therapeutics,	Pair Corr
0.86	RIBB	Ribbon Acquisition Corp	Pair Corr
0.83	CPKF	Chesapeake Finl Shs	Pair Corr
0.79	IMPP	Imperial Petroleum	Pair Corr
0.74	CCVTF	China Conch Venture	Pair Corr
0.6	FRCOY	Fast Retailing	Pair Corr
0.48	DVLT	Datavault AI Symbol Change	Pair Corr
0.47	MSB	Mesabi Trust	Pair Corr
0.46	209111FB4	CONSOLIDATED EDISON	Pair Corr
0.42	VMI	Valmont Industries	Pair Corr
0.37	IDPUF	IDP Education Limited	Pair Corr
0.32	IE	Ivanhoe Electric Earnings Call This Week	Pair Corr
0.92	ABVX	Abivax SA American	Pair Corr
0.86	UHS	Universal Health Services	Pair Corr
0.84	ITMC	Itoco Inc	Pair Corr
0.83	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.76	JXHGF	ENEOS Holdings	Pair Corr
0.76	KNCAY	Konica Minolta	Pair Corr
0.72	AMQFF	Abitibi Metals Corp	Pair Corr
0.69	TTTNF	Titan Minerals	Pair Corr
0.64	FMXUF	Fomento Econmico Mexicano	Pair Corr
0.61	HBMHF	HBM Holdings Limited	Pair Corr
0.6	NGTF	NightFood Holdings	Pair Corr
0.6	NXT	Nextracker Class A	Pair Corr

Related Correlations Analysis

	MRT	EVTZF	AHOTF	HST	ASUR	CNDL	XHR	ETKR
MRT		-0.19	-0.37	0.01	0.08	0.0	-0.09	0.0	MRT
EVTZF	-0.19		-0.35	-0.1	0.11	0.0	-0.29	0.0	EVTZF
AHOTF	-0.37	-0.35		0.0	0.05	0.0	0.44	0.0	AHOTF
HST	0.01	-0.1	0.0		-0.45	0.0	0.8	0.0	HST
ASUR	0.08	0.11	0.05	-0.45		0.0	-0.48	0.0	ASUR
CNDL	0.0	0.0	0.0	0.0	0.0		0.0	1.0	CNDL
XHR	-0.09	-0.29	0.44	0.8	-0.48	0.0		0.0	XHR
ETKR	0.0	0.0	0.0	0.0	0.0	1.0	0.0		ETKR
	MRT	EVTZF	AHOTF	HST	ASUR	CNDL	XHR	ETKR

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

ETKR	+ 1.0	CNDL
XHR	+ 0.8	HST
XHR	+ 0.44	AHOTF
ASUR	+ 0.11	EVTZF
ASUR	+ 0.08	MRT
ASUR	+ 0.05	AHOTF

High negative correlations

XHR	- 0.48	ASUR
ASUR	- 0.45	HST
AHOTF	- 0.37	MRT
AHOTF	- 0.35	EVTZF
XHR	- 0.29	EVTZF
EVTZF	- 0.19	MRT

Risk-Adjusted Indicators

There is a big difference between 22nd Stock performing well and 22nd Century 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 22nd Century'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
MRT	2.33	(0.06)	(0.02)	0.01	2.57	(2.98)	7.59	(4.55)	21.55
EVTZF	0.56	0.05	0.00	0.35	0.91	(2.11)	1.81	(1.59)	14.87
AHOTF	2.35	(0.20)	0.00	(0.03)	0.00	0.00	8.70	(6.90)	23.76
HST	1.16	0.04	0.03	0.11	1.13	(1.42)	2.78	(2.05)	9.56
ASUR	1.75	(0.13)	0.00	(0.03)	0.00	0.00	3.59	(3.51)	13.40
CNDL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XHR	1.24	(0.02)	(0.02)	0.03	1.45	(1.36)	2.39	(2.35)	7.84
ETKR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

22nd Century Corporate Management

Calvin Treat	Chief Officer	Profile
Mei Kuo	Director Relations	Profile
Steven Przybyla	Head Devel	Profile
Robert Manfredonia	Executive Marketing	Profile
James Mish	CEO and President	Profile
Scott Marion	Vice Operations	Profile

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