Femto Technologies Correlations

FMTO Stock

0.03 0 7.84%

The current 90-days correlation between Femto Technologies and Radcom is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Femto Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Femto Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Femto Technologies Correlation With Market

Good diversification

The correlation between Femto Technologies and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Femto Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Femto Stock

0.62	DOCN	DigitalOcean Holdings	Pair Corr
0.72	VRNT	Verint Systems	Pair Corr
0.76	FAAS	DigiAsia Corp	Pair Corr
0.74	FIVN	Five9 Inc	Pair Corr
0.65	DLO	Dlocal	Pair Corr
0.65	MDB	MongoDB	Pair Corr

Moving against Femto Stock

0.62	VRSN	VeriSign	Pair Corr
0.41	MQ	Marqeta	Pair Corr
0.51	XNET	Xunlei Ltd Adr	Pair Corr
0.45	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	RDCM	ARDX	FIGI	ABOS	GETY	SPHR	GNFT
RDCM		0.54	0.0	0.67	0.86	0.8	0.68	RDCM
ARDX	0.54		0.0	0.3	0.68	0.57	0.64	ARDX
FIGI	0.0	0.0		0.0	0.0	0.0	0.0	FIGI
ABOS	0.67	0.3	0.0		0.6	0.73	0.34	ABOS
GETY	0.86	0.68	0.0	0.6		0.75	0.68	GETY
SPHR	0.8	0.57	0.0	0.73	0.75		0.68	SPHR
GNFT	0.68	0.64	0.0	0.34	0.68	0.68		GNFT
	RDCM	ARDX	FIGI	ABOS	GETY	SPHR	GNFT

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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

GETY	+ 0.86	RDCM
SPHR	+ 0.8	RDCM
SPHR	+ 0.75	GETY
SPHR	+ 0.73	ABOS
GNFT	+ 0.68	RDCM
GETY	+ 0.68	ARDX

High negative correlations

GNFT	- 0.0	FIGI
SPHR	- 0.0	FIGI
GETY	- 0.0	FIGI
ABOS	- 0.0	FIGI
FIGI	- 0.0	ARDX
FIGI	- 0.0	RDCM

Risk-Adjusted Indicators

There is a big difference between Femto Stock performing well and Femto Technologies 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 Femto Technologies' 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
RDCM	2.89	(0.04)	0.00	(0.14)	0.00	0.00	5.75	(4.86)	21.58
ARDX	2.63	(0.32)	0.00	(0.55)	0.00	0.00	6.50	(5.22)	22.42
FIGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABOS	3.21	(0.84)	0.00	3.49	0.00	0.00	7.14	(7.56)	19.77
GETY	3.11	(0.49)	0.00	(0.39)	0.00	0.00	5.95	(6.36)	20.35
SPHR	2.68	(0.41)	0.00	(0.29)	0.00	0.00	3.68	(7.40)	26.82
GNFT	3.29	(0.01)	0.03	(0.07)	4.94	(3.31)	6.63	(6.54)	26.72

Femto Technologies Corporate Executives

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

	Gabriel CPA	Secretary CFO	Profile
	Avner Tal	CTO Marketing	Profile

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