Xtract One Correlations

XTRAF Stock

0.51 0.02 4.08%

The current 90-days correlation between Xtract One Technologies and WonderFi Technologies is 0.24 (i.e., Modest diversification). The correlation of Xtract One 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.

Xtract One Correlation With Market

Weak diversification

The correlation between Xtract One Technologies and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xtract One Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Xtract One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtract One 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 Xtract One - 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 Xtract One Technologies to buy it.

Moving against Xtract OTC Stock

0.57	HERZ	Herzfeld Creditome Fund, Symbol Change	Pair Corr
0.48	WMT	Walmart Common Stock	Pair Corr
0.47	ZTO	ZTO Express	Pair Corr
0.46	BNR	Burning Rock Biotech	Pair Corr
0.41	INFY	Infosys Ltd ADR	Pair Corr
0.41	AMBZ	American Business	Pair Corr
0.38	LNDNF	Lundin Energy AB	Pair Corr
0.38	CM	Canadian Imperial Bank	Pair Corr
0.36	VALE	Vale SA ADR	Pair Corr
0.34	SOUHY	South32 ADR	Pair Corr
0.33	HBCP	Home Bancorp	Pair Corr
0.69	CHGCY	Chugai Pharmaceutical	Pair Corr
0.62	PXXXF	PolarX Limited	Pair Corr
0.61	ZONNF	NOS SGPS SA	Pair Corr
0.58	AERS	Aerius International	Pair Corr
0.58	ACTG	Acacia Research	Pair Corr
0.58	HIRU	Hiru	Pair Corr
0.58	CHHL	China Holdings	Pair Corr
0.54	PCWLF	PCCW Limited	Pair Corr
0.5	KDDIY	KDDI Corp PK	Pair Corr
0.44	SDSYA	South Dakota Soybean	Pair Corr

Related Correlations Analysis

	FSOYF	WONDF	TDMMF	TCIIF	FCCN	FBSFF	FHGDF	EXSPF	GENTF	BCRD
FSOYF		0.0	0.0	1.0	0.0	0.0	0.0	0.0	-1.0	0.0	FSOYF
WONDF	0.0		0.19	0.0	0.07	0.8	-0.5	0.25	0.0	-0.49	WONDF
TDMMF	0.0	0.19		0.0	-0.37	0.51	-0.69	-0.82	0.0	-0.02	TDMMF
TCIIF	1.0	0.0	0.0		0.0	0.0	0.0	0.0	-1.0	0.0	TCIIF
FCCN	0.0	0.07	-0.37	0.0		-0.27	0.47	0.49	0.0	-0.01	FCCN
FBSFF	0.0	0.8	0.51	0.0	-0.27		-0.83	-0.07	0.0	-0.41	FBSFF
FHGDF	0.0	-0.5	-0.69	0.0	0.47	-0.83		0.38	0.0	0.12	FHGDF
EXSPF	0.0	0.25	-0.82	0.0	0.49	-0.07	0.38		0.0	-0.27	EXSPF
GENTF	-1.0	0.0	0.0	-1.0	0.0	0.0	0.0	0.0		0.0	GENTF
BCRD	0.0	-0.49	-0.02	0.0	-0.01	-0.41	0.12	-0.27	0.0		BCRD
	FSOYF	WONDF	TDMMF	TCIIF	FCCN	FBSFF	FHGDF	EXSPF	GENTF	BCRD

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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

TCIIF	+ 1.0	FSOYF
FBSFF	+ 0.8	WONDF
FBSFF	+ 0.51	TDMMF
EXSPF	+ 0.49	FCCN
FHGDF	+ 0.47	FCCN
EXSPF	+ 0.38	FHGDF

High negative correlations

GENTF	- 1.0	TCIIF
GENTF	- 1.0	FSOYF
FHGDF	- 0.83	FBSFF
EXSPF	- 0.82	TDMMF
FHGDF	- 0.69	TDMMF
FHGDF	- 0.5	WONDF

Risk-Adjusted Indicators

There is a big difference between Xtract OTC Stock performing well and Xtract One OTC Stock 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 Xtract One'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
FSOYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WONDF	2.27	(0.19)	0.00	0.43	0.00	0.00	5.56	(5.26)	10.82
TDMMF	1.67	0.21	0.00	(0.73)	0.00	0.00	0.00	0.00	42.00
TCIIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCCN	3.24	1.25	0.36	(1.30)	2.16	(4.88)	6.48	(4.76)	46.13
FBSFF	0.21	(0.10)	0.00	(0.94)	0.00	0.00	0.00	0.00	7.98
FHGDF	2.08	0.67	0.00	0.75	0.00	0.00	0.00	0.00	37.66
EXSPF	0.53	0.12	0.00	0.43	0.00	0.00	0.00	0.00	16.07
GENTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCRD	6.89	1.63	0.12	0.36	7.56	(11.37)	20.00	(10.09)	187.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xtract One 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.

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