FingerMotion Correlations

FNGR Stock

USD 1.41 0.03 2.17%

The current 90-days correlation between FingerMotion and KORE Group Holdings is 0.01 (i.e., Significant diversification). 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.

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 price.

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

Moving together with FingerMotion Stock

0.65	T	ATT Inc	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr
0.61	CHT	Chunghwa Telecom	Pair Corr
0.72	IDT	IDT Corporation	Pair Corr
0.8	IHS	IHS Holding	Pair Corr
0.64	TEF	Telefonica SA ADR	Pair Corr
0.65	USM	United States Cellular	Pair Corr
0.72	VOD	Vodafone Group PLC	Pair Corr
0.71	ATNI	ATN International	Pair Corr

Moving against FingerMotion Stock

0.59	TEO	Telecom Argentina	Pair Corr
0.58	TBB	ATT Inc	Pair Corr
0.47	TKC	Turkcell Iletisim	Pair Corr
0.41	RCI	Rogers Communications Sell-off Trend	Pair Corr
0.6	TLK	Telkom Indonesia Tbk	Pair Corr
0.6	LUMN	Lumen Technologies	Pair Corr
0.47	OOMA	Ooma Inc	Pair Corr
0.45	GSAT	Globalstar, Common Stock	Pair Corr
0.34	IRDM	Iridium Communications	Pair Corr

Related Correlations Analysis

	LBRDA	KT	LBRDK	CNSL	CRGE	QTEK	KORE	IDT	CABO	LBRDP
LBRDA		0.68	1.0	0.0	0.0	0.0	0.36	0.69	-0.61	-0.08	LBRDA
KT	0.68		0.68	0.0	0.0	0.0	0.11	0.51	-0.77	0.16	KT
LBRDK	1.0	0.68		0.0	0.0	0.0	0.35	0.69	-0.62	-0.09	LBRDK
CNSL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CNSL
CRGE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CRGE
QTEK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	QTEK
KORE	0.36	0.11	0.35	0.0	0.0	0.0		0.31	-0.22	-0.3	KORE
IDT	0.69	0.51	0.69	0.0	0.0	0.0	0.31		-0.5	-0.24	IDT
CABO	-0.61	-0.77	-0.62	0.0	0.0	0.0	-0.22	-0.5		0.15	CABO
LBRDP	-0.08	0.16	-0.09	0.0	0.0	0.0	-0.3	-0.24	0.15		LBRDP
	LBRDA	KT	LBRDK	CNSL	CRGE	QTEK	KORE	IDT	CABO	LBRDP

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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

LBRDK	+ 1.0	LBRDA
IDT	+ 0.69	LBRDA
IDT	+ 0.69	LBRDK
KT	+ 0.68	LBRDA
LBRDK	+ 0.68	KT
IDT	+ 0.51	KT

High negative correlations

CABO	- 0.77	KT
CABO	- 0.62	LBRDK
CABO	- 0.61	LBRDA
CABO	- 0.5	IDT
LBRDP	- 0.3	KORE
LBRDP	- 0.24	IDT

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
LBRDA	1.57	0.24	0.08	0.05	2.64	(1.50)	2.78	(3.73)	9.58
KT	1.09	0.22	0.23	0.40	1.13	(1.12)	2.83	(2.09)	7.18
LBRDK	1.58	0.24	0.08	0.06	2.59	(1.48)	2.70	(3.68)	9.15
CNSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRGE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QTEK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KORE	3.96	0.20	0.06	0.49	4.90	(4.37)	11.01	(8.23)	34.84
IDT	1.33	0.19	0.15	0.08	1.43	(1.54)	3.05	(2.66)	13.13
CABO	2.52	(0.38)	0.00	(0.92)	0.00	0.00	4.12	(6.18)	22.18
LBRDP	0.61	(0.01)	0.00	(0.27)	0.00	0.00	1.15	(1.45)	6.53

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FingerMotion Correlations

Moving together with FingerMotion Stock

Moving against FingerMotion Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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