FingerMotion Correlations

FNGR Stock

USD 1.35 0.01 0.74%

The correlation of FingerMotion 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.

FingerMotion Correlation With Market

Average diversification

The correlation between FingerMotion and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FingerMotion and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FingerMotion Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FingerMotion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving against FingerMotion Stock

0.7	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	PBCRY	Bank Central Asia	Pair Corr
0.65	PPERY	Bank Mandiri Persero	Pair Corr
0.65	FR	First Industrial Realty	Pair Corr
0.61	384802AD6	GRAINGER W W	Pair Corr
0.6	PBCRF	PT Bank Central	Pair Corr
0.58	GGB	Gerdau SA ADR	Pair Corr
0.57	CLLFF	Collins Foods Limited Earnings Call Tomorrow	Pair Corr
0.57	MTD	Mettler Toledo Inter	Pair Corr
0.52	CCA	Cogeco Communications	Pair Corr
0.5	OSIS	OSI Systems	Pair Corr
0.47	RCI-A	Rogers Communications	Pair Corr
0.43	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	PIUTQ	TRUA	GIII	BMOOF	CPPKF	ACGAF
PIUTQ		0.0	0.0	0.0	0.0	0.0	PIUTQ
TRUA	0.0		0.0	0.0	0.0	0.0	TRUA
GIII	0.0	0.0		0.49	0.44	0.04	GIII
BMOOF	0.0	0.0	0.49		0.48	0.01	BMOOF
CPPKF	0.0	0.0	0.44	0.48		-0.1	CPPKF
ACGAF	0.0	0.0	0.04	0.01	-0.1		ACGAF
	PIUTQ	TRUA	GIII	BMOOF	CPPKF	ACGAF

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

BMOOF	+ 0.49	GIII
CPPKF	+ 0.48	BMOOF
CPPKF	+ 0.44	GIII
ACGAF	+ 0.04	GIII
ACGAF	+ 0.01	BMOOF
TRUA	+ 0.0	PIUTQ

High negative correlations

ACGAF	- 0.1	CPPKF
ACGAF	- 0.0	TRUA
CPPKF	- 0.0	TRUA
BMOOF	- 0.0	TRUA
GIII	- 0.0	TRUA
ACGAF	- 0.0	PIUTQ

Risk-Adjusted Indicators

There is a big difference between FingerMotion Stock performing well and FingerMotion 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 FingerMotion'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
PIUTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRUA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GIII	1.47	0.02	0.03	0.08	1.89	(1.52)	4.31	(3.25)	8.63
BMOOF	2.61	0.27	0.07	0.28	3.23	(2.97)	5.00	(4.76)	32.53
CPPKF	2.76	0.58	0.18	0.70	2.58	(3.58)	7.14	(5.00)	16.06
ACGAF	0.93	(0.15)	0.00	(0.52)	0.00	0.00	2.14	(0.62)	29.09

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