Exela Technologies Correlations
XELAP Preferred Stock | USD 1.93 0.05 2.53% |
The correlation of Exela Technologies 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exela Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exela Technologies Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Exela Technologies Preferred and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exela Technologies Preferred and NYA in the same portfolio, assuming nothing else is changed.
Exela |
The ability to find closely correlated positions to Exela Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exela Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Exela Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Exela Technologies Preferred to buy it.
Moving together with Exela Preferred Stock
0.75 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
0.67 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
Moving against Exela Preferred Stock
0.8 | QH | QuhuoLtd | PairCorr |
0.76 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
0.73 | DMAN | Innovativ Media Group | PairCorr |
0.72 | NOGWQ | Nogin Inc | PairCorr |
0.64 | AI | C3 Ai Inc Financial Report 29th of May 2024 | PairCorr |
0.64 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.61 | VCSA | Vacasa Inc Financial Report 14th of May 2024 | PairCorr |
0.6 | U | Unity Software Aggressive Push | PairCorr |
0.6 | WK | Workiva | PairCorr |
0.58 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
0.51 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.49 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
0.47 | ZM | Zoom Video Communications Financial Report 27th of May 2024 | PairCorr |
0.46 | ZI | ZoomInfo Technologies | PairCorr |
0.44 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Exela Preferred Stock performing well and Exela Technologies 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 Exela Technologies' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LYT | 11.25 | 1.97 | 0.19 | (0.35) | 8.19 | 14.25 | 297.78 | |||
QNRX | 4.14 | (1.81) | 0.00 | 1.01 | 0.00 | 5.36 | 53.64 | |||
HTCR | 5.43 | 1.19 | 0.18 | (0.62) | 4.75 | 17.72 | 43.19 | |||
SLNHP | 3.33 | (0.82) | 0.00 | (0.39) | 0.00 | 6.88 | 25.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Exela Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Exela Technologies Corporate Management
Elected by the shareholders, the Exela Technologies' board of directors comprises two types of representatives: Exela Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Exela. The board's role is to monitor Exela Technologies' management team and ensure that shareholders' interests are well served. Exela Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Exela Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Sanjay Kulkarni | Pres Assets | Profile | |
Michelle Deichmeister | Ex Technologies | Profile | |
Parvinder Chadha | Ex Chairman | Profile | |
Carlos Mallen | VP EMEA | Profile | |
Vitalie Robu | Pres EMEA | Profile | |
Shrikant Sortur | Chief Officer | Profile | |
Srini Murali | Pres APAC | Profile |
Already Invested in Exela Technologies Preferred?
The danger of trading Exela Technologies Preferred is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Exela Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Exela Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Exela Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exela Technologies Preferred. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Exela Preferred Stock, please use our How to Invest in Exela Technologies guide.Note that the Exela Technologies information on this page should be used as a complementary analysis to other Exela Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Exela Preferred Stock analysis
When running Exela Technologies' price analysis, check to measure Exela Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Exela Technologies is operating at the current time. Most of Exela Technologies' value examination focuses on studying past and present price action to predict the probability of Exela Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exela Technologies' price. Additionally, you may evaluate how the addition of Exela Technologies to your portfolios can decrease your overall portfolio volatility.
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