Pixie Dust Correlations

PXDT Stock

1.56 0.07 4.70%

The current 90-days correlation between Pixie Dust Technologies, and Flexible Solutions International is 0.03 (i.e., Significant diversification). The correlation of Pixie Dust 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Pixie Dust Correlation With Market

Average diversification

The correlation between Pixie Dust Technologies, and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pixie Dust Technologies, and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pixie Dust 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 unemployment.

Moving together with Pixie Stock

0.72	EZGO	EZGO Technologies	Pair Corr
0.65	FRZA	Forza X1	Pair Corr

Moving against Pixie Stock

0.57	DHI	DR Horton Fiscal Year End 5th of November 2024	Pair Corr
0.49	VZIO	Vizio Holding Corp	Pair Corr
0.49	HOV	Hovnanian Enterprises	Pair Corr
0.48	HBI	Hanesbrands	Pair Corr
0.47	UA	Under Armour C	Pair Corr
0.47	HAS	Hasbro Inc	Pair Corr
0.41	CCS	Century Communities	Pair Corr
0.37	VSTO	Vista Outdoor	Pair Corr
0.34	DOOO	BRP Inc	Pair Corr
0.34	GIL	Gildan Activewear	Pair Corr
0.33	DXYN	Dixie Group	Pair Corr
0.73	MAT	Mattel Inc	Pair Corr
0.61	SDHC	Smith Douglas Homes	Pair Corr
0.52	KBH	KB Home Earnings Call This Week	Pair Corr
0.48	JXJT	JX Luxventure Limited	Pair Corr
0.45	MHO	MI Homes	Pair Corr
0.38	WTO	UTime Limited	Pair Corr
0.37	KTB	Kontoor Brands	Pair Corr

Related Correlations Analysis

	FSI	IRIG	TS	AXTA	SCL	MATV	ECL	NE
FSI		0.0	-0.54	0.44	-0.56	0.64	0.71	-0.83	FSI
IRIG	0.0		0.0	0.0	0.0	0.0	0.0	0.0	IRIG
TS	-0.54	0.0		0.19	0.93	-0.22	-0.09	0.84	TS
AXTA	0.44	0.0	0.19		0.25	0.48	0.51	-0.02	AXTA
SCL	-0.56	0.0	0.93	0.25		-0.2	-0.1	0.9	SCL
MATV	0.64	0.0	-0.22	0.48	-0.2		0.51	-0.38	MATV
ECL	0.71	0.0	-0.09	0.51	-0.1	0.51		-0.43	ECL
NE	-0.83	0.0	0.84	-0.02	0.9	-0.38	-0.43		NE
	FSI	IRIG	TS	AXTA	SCL	MATV	ECL	NE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SCL	+ 0.93	TS
NE	+ 0.9	SCL
NE	+ 0.84	TS
ECL	+ 0.71	FSI
MATV	+ 0.64	FSI
ECL	+ 0.51	AXTA

High negative correlations

NE	- 0.83	FSI
SCL	- 0.56	FSI
TS	- 0.54	FSI
NE	- 0.43	ECL
NE	- 0.38	MATV
MATV	- 0.22	TS

Risk-Adjusted Indicators

There is a big difference between Pixie Stock performing well and Pixie Dust 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 Pixie Dust'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
FSI	2.89	0.83	0.27	0.50	2.51	(3.55)	6.52	(4.58)	28.41
IRIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TS	1.13	(0.17)	0.00	(0.09)	0.00	0.00	1.97	(2.02)	11.75
AXTA	1.18	(0.06)	(0.03)	0.06	1.54	(1.15)	2.52	(2.83)	6.77
SCL	1.47	(0.32)	0.00	(0.08)	0.00	0.00	2.39	(3.14)	11.13
MATV	2.49	(0.18)	0.01	0.05	3.16	(2.58)	4.20	(5.60)	33.28
ECL	0.88	(0.01)	(0.03)	0.10	1.71	(0.83)	1.72	(1.73)	9.66
NE	1.79	(0.47)	0.00	(0.15)	0.00	0.00	3.99	(5.18)	9.76

Pixie Dust Corporate Executives

Elected by the shareholders, the Pixie Dust's board of directors comprises two types of representatives: Pixie Dust inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pixie. The board's role is to monitor Pixie Dust's management team and ensure that shareholders' interests are well served. Pixie Dust's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pixie Dust's outside directors are responsible for providing unbiased perspectives on the board's policies.

Taiichiro Murakami

COO, CoFounder

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC