Xylo Technologies Correlations

XYLO Stock

5.20 0.04 0.76%

The current 90-days correlation between Xylo Technologies and LB Foster is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xylo Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xylo Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xylo Technologies Correlation With Market

Modest diversification

The correlation between Xylo Technologies and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xylo Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Xylo Stock

0.64

MASS

908 Devices

Pair Corr

Moving against Xylo Stock

0.56	FEMY	Femasys	Pair Corr
0.47	FIGS	Figs Inc	Pair Corr
0.42	DH	Definitive Healthcare	Pair Corr
0.41	VREX	Varex Imaging Corp	Pair Corr
0.38	TFX	Teleflex Incorporated	Pair Corr
0.37	SSY	SunLink Health Systems Earnings Call This Week	Pair Corr
0.35	SEM	Select Medical Holdings	Pair Corr
0.34	ENOV	Enovis Corp	Pair Corr
0.57	INFU	InfuSystems Holdings	Pair Corr
0.53	NVST	Envista Holdings Corp	Pair Corr
0.49	ISRG	Intuitive Surgical	Pair Corr
0.48	NEOG	Neogen	Pair Corr
0.46	MYND	Myndai,	Pair Corr
0.42	VMD	Viemed Healthcare	Pair Corr
0.41	NYXH	Nyxoah Earnings Call This Week	Pair Corr
0.38	HSCS	Heart Test Laboratories	Pair Corr
0.36	HIMS	Hims Hers Health Trending	Pair Corr
0.31	XTNT	Xtant Medical Holdings	Pair Corr
0.57	ACON	Aclarion	Pair Corr
0.56	UTMD	Utah Medical Products	Pair Corr

Related Correlations Analysis

	FSTR	WHWRF	TFII	UL	LECO	WETO	RYAAY	AFYA
FSTR		0.0	0.87	-0.72	0.73	-0.45	0.1	-0.54	FSTR
WHWRF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WHWRF
TFII	0.87	0.0		-0.51	0.53	-0.38	0.07	-0.43	TFII
UL	-0.72	0.0	-0.51		-0.76	0.64	0.16	0.68	UL
LECO	0.73	0.0	0.53	-0.76		-0.48	0.23	-0.37	LECO
WETO	-0.45	0.0	-0.38	0.64	-0.48		-0.05	0.72	WETO
RYAAY	0.1	0.0	0.07	0.16	0.23	-0.05		0.12	RYAAY
AFYA	-0.54	0.0	-0.43	0.68	-0.37	0.72	0.12		AFYA
	FSTR	WHWRF	TFII	UL	LECO	WETO	RYAAY	AFYA

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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

TFII	+ 0.87	FSTR
LECO	+ 0.73	FSTR
AFYA	+ 0.72	WETO
AFYA	+ 0.68	UL
WETO	+ 0.64	UL
LECO	+ 0.53	TFII

High negative correlations

LECO	- 0.76	UL
UL	- 0.72	FSTR
AFYA	- 0.54	FSTR
UL	- 0.51	TFII
WETO	- 0.48	LECO
WETO	- 0.45	FSTR

Risk-Adjusted Indicators

There is a big difference between Xylo Stock performing well and Xylo 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 Xylo 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
FSTR	2.25	(0.46)	0.00	(0.49)	0.00	0.00	3.23	(6.16)	18.32
WHWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TFII	2.31	(0.49)	0.00	(0.54)	0.00	0.00	4.53	(6.13)	20.97
UL	1.04	0.15	0.16	(0.77)	1.56	(1.06)	2.63	(1.91)	8.70
LECO	1.79	0.13	0.00	(0.01)	0.00	0.00	3.16	(4.13)	18.09
WETO	2.74	(0.04)	0.00	(0.22)	0.00	0.00	4.65	(6.23)	14.01
RYAAY	1.64	0.14	0.13	(1.05)	1.89	(1.92)	3.53	(3.54)	13.97
AFYA	1.63	0.37	0.19	0.36	1.81	(1.81)	3.19	(2.76)	16.13

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