Seluxit AS Related Correlations

SLXIT Stock

3.22 0.02 0.63%

Generate correlation matrix for Seluxit AS and other related equities to check the degree to which Seluxit AS 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 Seluxit AS. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seluxit AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Specify up to 10 symbols:

Please note, there is a significant difference between Seluxit AS's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seluxit AS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seluxit AS'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

	PARKEN	NTG	FYNBK	CMINOA	VJBA	RILBA	MNBA
PARKEN		0.42	0.0	0.0	-0.68	-0.8	0.0	PARKEN
NTG	0.42		0.0	0.0	-0.15	-0.29	0.0	NTG
FYNBK	0.0	0.0		0.0	0.0	0.0	0.0	FYNBK
CMINOA	0.0	0.0	0.0		0.0	0.0	0.0	CMINOA
VJBA	-0.68	-0.15	0.0	0.0		0.62	0.0	VJBA
RILBA	-0.8	-0.29	0.0	0.0	0.62		0.0	RILBA
MNBA	0.0	0.0	0.0	0.0	0.0	0.0		MNBA
	PARKEN	NTG	FYNBK	CMINOA	VJBA	RILBA	MNBA

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

RILBA	+ 0.62	VJBA
NTG	+ 0.42	PARKEN
FYNBK	+ 0.0	PARKEN
CMINOA	+ 0.0	PARKEN
MNBA	+ 0.0	PARKEN
FYNBK	+ 0.0	NTG

High negative correlations

RILBA	- 0.8	PARKEN
VJBA	- 0.68	PARKEN
RILBA	- 0.29	NTG
VJBA	- 0.15	NTG
MNBA	- 0.0	RILBA
MNBA	- 0.0	VJBA

Risk-Adjusted Indicators

There is a big difference between Seluxit Stock performing well and Seluxit AS 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 Seluxit AS'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
PARKEN	1.03	(0.23)	0.00	1.14	0.00	0.00	1.62	(3.10)	6.32
NTG	1.65	(0.04)	0.00	(0.03)	0.00	0.00	4.82	(3.25)	12.51
FYNBK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMINOA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VJBA	1.08	0.17	0.05	7.28	1.86	(1.19)	2.12	(1.57)	12.71
RILBA	0.79	0.27	0.23	1.44	0.58	(0.94)	1.84	(1.54)	5.03
MNBA	0.00	0.06	0.00	0.25	1.38	(1.21)	2.22	(2.61)	6.10

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

Seluxit AS Related Correlations

Specify up to 10 symbols:

Correlations

Correlation Matchups

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY