FingerMotion Correlations
FNGR Stock | USD 1.45 0.11 7.05% |
The current 90-days correlation between FingerMotion and KORE Group Holdings is 0.02 (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.
FingerMotion | Build AI portfolio with FingerMotion Stock |
Moving against FingerMotion Stock
0.64 | GCLWW | GCL Global Holdings | PairCorr |
0.64 | VSME | VS Media Holdings | PairCorr |
0.62 | VENU | Venu Holding | PairCorr |
0.61 | KT | KT Corporation | PairCorr |
0.48 | TU | Telus Corp Earnings Call Next Week | PairCorr |
0.47 | DLPN | Dolphin Entertainment | PairCorr |
0.46 | TV | Grupo Televisa SAB | PairCorr |
0.38 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
0.34 | WB | Weibo Corp | PairCorr |
0.34 | ZG | Zillow Group | PairCorr |
0.73 | ADV | Advantage Solutions | PairCorr |
0.6 | BCE | BCE Inc | PairCorr |
0.54 | EVC | Entravision Communications Earnings Call This Week | PairCorr |
0.5 | BATRA | Atlanta Braves Holdings, | PairCorr |
0.45 | BATRK | Atlanta Braves Holdings, Earnings Call Next Week | PairCorr |
0.37 | EEX | Emerald Expositions | PairCorr |
0.36 | CHT | Chunghwa Telecom | PairCorr |
0.35 | DLX | Deluxe Earnings Call This Week | 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
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
KORE | 3.04 | 0.42 | (0.02) | (0.12) | 3.68 | 7.30 | 17.27 | |||
COMS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
LBRDA | 1.44 | 0.07 | (0.05) | 0.48 | 1.65 | 2.79 | 7.67 | |||
LBRDK | 1.48 | 0.06 | (0.06) | 0.44 | 1.75 | 2.78 | 7.20 | |||
GTII | 29.28 | 10.66 | 0.28 | (1.10) | 22.40 | 100.00 | 315.85 | |||
SUNE | 3.42 | (0.89) | 0.00 | (0.78) | 0.00 | 7.55 | 22.95 | |||
COSM | 3.41 | 0.36 | 0.06 | 0.74 | 3.58 | 9.09 | 22.12 | |||
SOBR | 4.63 | 0.33 | 0.06 | 0.58 | 5.13 | 10.03 | 48.90 | |||
ILAG | 5.14 | 0.86 | 0.05 | (0.78) | 6.70 | 10.64 | 52.34 |