Xylem Correlations

XYL Stock

USD 140.87 0.02 0.01%

The current 90-days correlation between Xylem Inc and Barrick Mining is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylem Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylem Correlation With Market

Poor diversification

The correlation between Xylem Inc and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xylem Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Xylem Stock

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

Moving together with Xylem Stock

0.65	PL	Planet Labs PBC	Pair Corr
0.64	DPRO	Draganfly	Pair Corr
0.64	688392	SBT Ultrasonic Technology	Pair Corr

Moving against Xylem Stock

0.31	0ACC	Accelleron Industries	Pair Corr
0.58	002667	AnShan Heavy Duty	Pair Corr
0.55	002774	IFE Elevators	Pair Corr
0.33	KABRAEXTRU	Kabra Extrusion Technik	Pair Corr

Related Correlations Analysis

	GMWKF	B	BYD	SBET	CCGM	CNMVF	NTGL	EVVTY
GMWKF		0.71	-0.21	-0.73	0.0	0.0	0.0	-0.52	GMWKF
B	0.71		-0.29	-0.68	0.0	0.0	0.0	-0.62	B
BYD	-0.21	-0.29		0.61	0.0	0.0	0.0	0.74	BYD
SBET	-0.73	-0.68	0.61		0.0	0.0	0.0	0.87	SBET
CCGM	0.0	0.0	0.0	0.0		1.0	1.0	0.0	CCGM
CNMVF	0.0	0.0	0.0	0.0	1.0		1.0	0.0	CNMVF
NTGL	0.0	0.0	0.0	0.0	1.0	1.0		0.0	NTGL
EVVTY	-0.52	-0.62	0.74	0.87	0.0	0.0	0.0		EVVTY
	GMWKF	B	BYD	SBET	CCGM	CNMVF	NTGL	EVVTY

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

CNMVF	+ 1.0	CCGM
NTGL	+ 1.0	CCGM
NTGL	+ 1.0	CNMVF
EVVTY	+ 0.87	SBET
EVVTY	+ 0.74	BYD
B	+ 0.71	GMWKF

High negative correlations

SBET	- 0.73	GMWKF
SBET	- 0.68	B
EVVTY	- 0.62	B
EVVTY	- 0.52	GMWKF
BYD	- 0.29	B
BYD	- 0.21	GMWKF

Risk-Adjusted Indicators

There is a big difference between Xylem Stock performing well and Xylem 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 Xylem'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
GMWKF	1.98	0.42	0.14	3.60	2.03	(2.12)	3.56	(3.22)	14.65
B	2.28	0.61	0.19	0.81	2.54	(2.55)	5.16	(4.22)	19.00
BYD	1.11	(0.11)	0.00	(0.11)	0.00	0.00	1.97	(2.25)	9.71
SBET	4.00	(0.63)	0.00	(2.30)	0.00	0.00	7.07	(8.26)	19.15
CCGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNMVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTGL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVVTY	1.29	(0.31)	0.00	3.40	0.00	0.00	2.28	(2.92)	11.17

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