Anything Tech Related Correlations

EXMT Stock

USD 0.0007 0.0002 22.22%

Generate correlation matrix for Anything Tech and other related equities to check the degree to which Anything Tech Media price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Anything Tech Media. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Anything Tech Media. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

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Please note, there is a significant difference between Anything Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anything Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anything Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	IMMP	HFBL	MRKR	BWMX	FORTY	PVBC	MRSN	NRDBY	CFX	C-PN
IMMP		-0.48	0.18	0.63	0.61	-0.43	0.59	-0.05	0.58	0.41	IMMP
HFBL	-0.48		-0.12	-0.86	-0.88	0.88	-0.48	0.48	-0.66	-0.72	HFBL
MRKR	0.18	-0.12		0.12	0.11	-0.25	-0.34	-0.31	0.27	0.32	MRKR
BWMX	0.63	-0.86	0.12		0.94	-0.78	0.66	-0.26	0.81	0.72	BWMX
FORTY	0.61	-0.88	0.11	0.94		-0.77	0.63	-0.37	0.81	0.67	FORTY
PVBC	-0.43	0.88	-0.25	-0.78	-0.77		-0.27	0.62	-0.54	-0.72	PVBC
MRSN	0.59	-0.48	-0.34	0.66	0.63	-0.27		0.19	0.6	0.23	MRSN
NRDBY	-0.05	0.48	-0.31	-0.26	-0.37	0.62	0.19		-0.25	-0.39	NRDBY
CFX	0.58	-0.66	0.27	0.81	0.81	-0.54	0.6	-0.25		0.53	CFX
C-PN	0.41	-0.72	0.32	0.72	0.67	-0.72	0.23	-0.39	0.53		C-PN
	IMMP	HFBL	MRKR	BWMX	FORTY	PVBC	MRSN	NRDBY	CFX	C-PN

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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

FORTY	+ 0.94	BWMX
PVBC	+ 0.88	HFBL
CFX	+ 0.81	BWMX
CFX	+ 0.81	FORTY
C-PN	+ 0.72	BWMX
C-PN	+ 0.67	FORTY

High negative correlations

FORTY	- 0.88	HFBL
BWMX	- 0.86	HFBL
PVBC	- 0.78	BWMX
PVBC	- 0.77	FORTY
C-PN	- 0.72	PVBC
C-PN	- 0.72	HFBL

Risk-Adjusted Indicators

There is a big difference between Anything Pink Sheet performing well and Anything Tech 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 Anything Tech'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
IMMP	2.57	(0.17)	0.00	(0.10)	0.00	0.00	5.56	(5.33)	18.34
HFBL	1.36	(0.30)	0.00	(0.32)	0.00	0.00	3.92	(3.87)	11.57
MRKR	3.03	(0.13)	0.00	1.89	0.00	0.00	5.82	(6.30)	17.17
BWMX	2.06	0.60	0.26	0.78	1.83	(2.57)	5.55	(2.55)	16.47
FORTY	1.54	0.24	0.06	0.89	1.62	(2.78)	5.60	(3.66)	13.53
PVBC	1.56	(0.49)	0.00	(0.48)	0.00	0.00	3.01	(3.22)	10.45
MRSN	3.96	0.33	0.08	0.21	4.80	(4.30)	9.93	(9.15)	30.55
NRDBY	1.18	(0.17)	0.00	(0.06)	0.00	0.00	1.97	(2.12)	10.67
CFX	6.06	0.39	0.04	0.30	7.80	(7.90)	13.64	(14.29)	46.05
C-PN	0.32	0.05	(0.01)	1.33	0.47	(0.32)	0.51	(0.64)	5.08

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Anything Tech Related Correlations

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