FAST TRACK Correlations

FTRK Stock

USD 0.31 0.01 3.33%

The current 90-days correlation between FAST TRACK GROUP and TNL Mediagene Ordinary is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FAST TRACK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FAST TRACK GROUP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FAST TRACK Correlation With Market

Weak diversification

The correlation between FAST TRACK GROUP and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAST TRACK GROUP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FAST Stock

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

Moving together with FAST Stock

0.62	UNVGY	Universal Music Group	Pair Corr
0.64	UMGNF	Universal Music Group	Pair Corr
0.72	LYV	Live Nation Entertainment	Pair Corr
0.69	CARG	CarGurus	Pair Corr

Moving against FAST Stock

0.59	PTAIY	Astra International Tbk	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.52	PBCRY	Bank Central Asia	Pair Corr
0.51	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.44	FOX	Fox Corp Class	Pair Corr
0.71	IMMX	Immix Biopharma	Pair Corr
0.69	ANDE	Andersons	Pair Corr
0.51	ORC	Orchid Island Capital	Pair Corr
0.51	NXT	Nextracker Class A	Pair Corr
0.45	OPTI	Optec International	Pair Corr
0.42	EA	Electronic Arts Sell-off Trend	Pair Corr
0.38	SNLC	Security National	Pair Corr
0.36	EOSE	Eos Energy Enterprises	Pair Corr
0.34	COHN	Cohen Company	Pair Corr
0.63	VTGN	VistaGen Therapeutics	Pair Corr
0.53	VAUCF	Viva Gold Corp	Pair Corr
0.52	GM	General Motors	Pair Corr
0.48	FSLR	First Solar	Pair Corr
0.4	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.39	MU	Micron Technology	Pair Corr

Related Correlations Analysis

	TNMG	DRCT	DKI	LDWY	XHLD	ZNB	CPOP	PCLA	KRKR	BBGI
TNMG		0.42	0.07	0.3	0.1	0.25	0.08	0.22	-0.28	-0.06	TNMG
DRCT	0.42		0.57	0.84	0.62	0.46	0.68	0.76	0.16	0.27	DRCT
DKI	0.07	0.57		0.61	0.37	0.25	0.83	0.66	0.41	0.08	DKI
LDWY	0.3	0.84	0.61		0.54	0.56	0.67	0.78	0.27	0.36	LDWY
XHLD	0.1	0.62	0.37	0.54		0.4	0.52	0.57	0.31	0.37	XHLD
ZNB	0.25	0.46	0.25	0.56	0.4		0.43	0.68	0.5	0.61	ZNB
CPOP	0.08	0.68	0.83	0.67	0.52	0.43		0.77	0.58	0.24	CPOP
PCLA	0.22	0.76	0.66	0.78	0.57	0.68	0.77		0.52	0.53	PCLA
KRKR	-0.28	0.16	0.41	0.27	0.31	0.5	0.58	0.52		0.47	KRKR
BBGI	-0.06	0.27	0.08	0.36	0.37	0.61	0.24	0.53	0.47		BBGI
	TNMG	DRCT	DKI	LDWY	XHLD	ZNB	CPOP	PCLA	KRKR	BBGI

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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

LDWY	+ 0.84	DRCT
CPOP	+ 0.83	DKI
PCLA	+ 0.78	LDWY
PCLA	+ 0.77	CPOP
PCLA	+ 0.76	DRCT
CPOP	+ 0.68	DRCT

High negative correlations

KRKR	- 0.28	TNMG
BBGI	- 0.06	TNMG

Risk-Adjusted Indicators

There is a big difference between FAST Stock performing well and FAST TRACK 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 FAST TRACK'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
TNMG	7.45	(0.01)	0.00	0.03	8.08	(12.33)	21.43	(15.38)	69.09
DRCT	5.60	(1.17)	0.00	36.06	0.00	0.00	11.76	(12.50)	68.57
DKI	9.41	(1.28)	0.00	(1.02)	0.00	0.00	19.41	(19.75)	135.16
LDWY	3.44	(0.43)	0.00	(0.68)	0.00	0.00	7.89	(8.07)	40.34
XHLD	6.23	(0.42)	0.00	(0.08)	0.00	0.00	11.43	(13.64)	72.18
ZNB	8.12	(0.11)	0.00	0.01	9.73	(11.68)	15.38	(12.50)	148.94
CPOP	6.08	(0.78)	0.00	(0.46)	0.00	0.00	12.28	(10.76)	100.51
PCLA	3.24	(0.54)	0.00	(2.11)	0.00	0.00	6.82	(6.52)	22.17
KRKR	5.69	0.70	0.14	0.28	4.80	(7.66)	10.14	(9.64)	108.39
BBGI	3.86	0.00	0.00	0.04	0.00	0.00	10.02	(8.05)	38.40

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