Future Fintech Correlations
| FTFT Stock | USD 1.13 0.05 4.63% |
The correlation of Future Fintech 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.
Future Fintech Correlation With Market
Modest diversification
The correlation between Future Fintech Group and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Future Fintech Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Future Stock
| 0.7 | FARM | Farmer Bros | PairCorr |
| 0.62 | BON | Bon Natural Life | PairCorr |
| 0.73 | CCU | Compania Cervecerias | PairCorr |
| 0.61 | CPB | Campbell Soup | PairCorr |
| 0.69 | SAM | Boston Beer | PairCorr |
Moving against Future Stock
| 0.73 | BTI | British American Tobacco | PairCorr |
| 0.55 | PM | Philip Morris Intern | PairCorr |
| 0.53 | BUD | Anheuser Busch Inbev | PairCorr |
| 0.43 | LW | Lamb Weston Holdings | PairCorr |
| 0.4 | ADM | Archer Daniels Midland | PairCorr |
| 0.37 | MO | Altria Group Sell-off Trend | PairCorr |
| 0.37 | TR | Tootsie Roll Industries | PairCorr |
| 0.33 | BG | Bunge Limited | PairCorr |
| 0.63 | DDC | DDC Enterprise | PairCorr |
| 0.54 | HRL | Hormel Foods | PairCorr |
| 0.45 | JVA | Coffee Holding | PairCorr |
| 0.44 | RLX | RLX Technology | PairCorr |
| 0.31 | DAR | Darling Ingredients | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Future Stock performing well and Future Fintech 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 Future Fintech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DATS | 5.38 | 0.69 | 0.12 | 0.46 | 5.14 | 8.98 | 92.36 | |||
| BRQS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MTC | 3.57 | (0.09) | 0.00 | (0.16) | 0.00 | 7.32 | 34.77 | |||
| CREX | 5.13 | 0.94 | 0.19 | 1.14 | 4.27 | 16.42 | 33.31 | |||
| MRIN | 12.61 | 1.55 | 0.12 | 3.09 | 11.46 | 69.39 | 143.41 | |||
| FRGT | 8.33 | (0.52) | 0.00 | (0.23) | 0.00 | 12.77 | 141.46 | |||
| KSPN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VS | 3.83 | 0.00 | 0.03 | 0.00 | 4.44 | 12.43 | 23.26 | |||
| IDAI | 4.32 | 0.39 | 0.08 | 0.67 | 4.41 | 9.52 | 22.64 |