Mind Technology Correlations

MIND Stock

USD 10.27 0.15 1.48%

The current 90-days correlation between Mind Technology and Kraken Robotics is 0.12 (i.e., Average diversification). The correlation of Mind Technology 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.

Mind Technology Correlation With Market

Very good diversification

The correlation between Mind Technology and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mind Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mind Stock

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

For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.

Moving together with Mind Stock

0.63	ESE	ESCO Technologies	Pair Corr
0.88	VNT	Vontier Corp	Pair Corr
0.76	GRMN	Garmin	Pair Corr
0.72	ACFN	Acorn Energy, Common	Pair Corr
0.69	TRMB	Trimble	Pair Corr
0.86	CGNX	Cognex	Pair Corr

Moving against Mind Stock

0.82	SOTK	Sono Tek Corp	Pair Corr
0.77	FTV	Fortive Corp	Pair Corr
0.76	BMI	Badger Meter	Pair Corr
0.7	FCUV	Focus Universal Earnings Call Tomorrow	Pair Corr
0.7	SVRE	SaverOne 2014	Pair Corr
0.69	ODYS	Odysightai Common Stock	Pair Corr
0.64	ASTC	Astrotech Corp Tech Boost	Pair Corr
0.57	WRAP	Wrap Technologies Tech Boost	Pair Corr
0.55	NOVT	Novanta	Pair Corr
0.45	MVIS	Microvision	Pair Corr
0.88	DVLT	Datavault AI Symbol Change	Pair Corr
0.76	MYSE	Myseum,	Pair Corr
0.72	FAASW	DigiAsia Corp	Pair Corr
0.66	NUAI	New Era Energy	Pair Corr
0.62	OUSTZ	Ouster, Warrants	Pair Corr
0.56	OUSTW	Ouster, Warrants	Pair Corr
0.54	VBIX	Viewbix Common Stock	Pair Corr
0.51	USBC	USBC, Inc	Pair Corr
0.51	ZEOWW	Zeo Energy Corp	Pair Corr
0.45	GB	Global Blue Group	Pair Corr
0.45	EXOD	Exodus Movement,	Pair Corr
0.31	VVPR	VivoPower International	Pair Corr

Related Correlations Analysis

	KRKNF	SVRE	FCUV	NSCIF	DWSN	KTCC	RCMT	GIFI	MGYR
KRKNF		-0.4	-0.59	-0.31	-0.36	0.11	0.52	0.44	0.7	KRKNF
SVRE	-0.4		0.55	0.6	-0.12	0.33	-0.33	-0.02	-0.42	SVRE
FCUV	-0.59	0.55		0.29	0.09	0.29	-0.27	0.1	-0.71	FCUV
NSCIF	-0.31	0.6	0.29		-0.02	0.06	-0.49	-0.16	-0.05	NSCIF
DWSN	-0.36	-0.12	0.09	-0.02		-0.12	-0.15	-0.01	-0.31	DWSN
KTCC	0.11	0.33	0.29	0.06	-0.12		0.36	0.48	-0.13	KTCC
RCMT	0.52	-0.33	-0.27	-0.49	-0.15	0.36		0.32	0.32	RCMT
GIFI	0.44	-0.02	0.1	-0.16	-0.01	0.48	0.32		0.03	GIFI
MGYR	0.7	-0.42	-0.71	-0.05	-0.31	-0.13	0.32	0.03		MGYR
	KRKNF	SVRE	FCUV	NSCIF	DWSN	KTCC	RCMT	GIFI	MGYR

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

MGYR	+ 0.7	KRKNF
NSCIF	+ 0.6	SVRE
FCUV	+ 0.55	SVRE
RCMT	+ 0.52	KRKNF
GIFI	+ 0.48	KTCC
GIFI	+ 0.44	KRKNF

High negative correlations

MGYR	- 0.71	FCUV
FCUV	- 0.59	KRKNF
RCMT	- 0.49	NSCIF
MGYR	- 0.42	SVRE
SVRE	- 0.4	KRKNF
DWSN	- 0.36	KRKNF

Risk-Adjusted Indicators

There is a big difference between Mind Stock performing well and Mind Technology 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 Mind Technology'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
KRKNF	2.59	0.53	0.13	(1.10)	2.57	(3.31)	6.10	(4.66)	22.31
SVRE	5.65	(0.88)	0.00	(0.36)	0.00	0.00	13.79	(12.65)	59.01
FCUV	3.44	(0.89)	0.00	1.37	0.00	0.00	4.81	(8.90)	26.80
NSCIF	2.49	(0.57)	0.00	1.79	0.00	0.00	5.88	(5.56)	29.78
DWSN	6.79	0.84	0.16	0.32	5.89	(11.13)	10.53	(11.86)	132.98
KTCC	1.77	0.07	(0.01)	1.18	1.97	(2.07)	4.45	(3.53)	9.66
RCMT	1.72	0.22	0.11	0.44	1.49	(2.36)	4.31	(3.21)	10.00
GIFI	1.12	0.09	(0.02)	(0.22)	1.32	(1.33)	2.81	(2.06)	6.27
MGYR	0.96	0.14	0.06	0.45	1.02	(1.04)	2.16	(1.82)	6.86

Mind Technology Corporate Executives

Elected by the shareholders, the Mind Technology's board of directors comprises two types of representatives: Mind Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mind. The board's role is to monitor Mind Technology's management team and ensure that shareholders' interests are well served. Mind Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mind Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mark CPA

CFO VP

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