FingerMotion Correlations

FNGR Stock

USD 1.86 0.03 1.64%

The current 90-days correlation between FingerMotion and Liberty Broadband Srs is 0.24 (i.e., Modest 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 Correlation With Market

Average diversification

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

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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

0.69	KT	KT Corporation Sell-off Trend	Pair Corr
0.63	IHS	IHS Holding	Pair Corr

Moving against FingerMotion Stock

0.55	TKC	Turkcell Iletisim	Pair Corr
0.52	OOMA	Ooma Inc	Pair Corr
0.46	TEO	Telecom Argentina	Pair Corr
0.64	VENU	Venu Holding	Pair Corr
0.52	EB	Eventbrite Class A	Pair Corr
0.52	OB	Outbrain	Pair Corr
0.49	BAND	Bandwidth Earnings Call Shortly	Pair Corr
0.48	GDEVW	Nexters Warrant	Pair Corr
0.46	TC	TuanChe ADR	Pair Corr
0.43	Z	Zillow Group Class Earnings Call Shortly	Pair Corr
0.43	DOYU	DouYu International	Pair Corr
0.42	DRCT	Direct Digital Holdings	Pair Corr
0.41	ZG	Zillow Group	Pair Corr
0.33	VSME	VS Media Holdings	Pair Corr
0.32	TV	Grupo Televisa SAB	Pair Corr
0.31	DJCO	Daily Journal Corp	Pair Corr

Related Correlations Analysis

	LBRDA	KT	LBRDK	CNSL	CRGE	QTEK	KORE	IDT	CABO	LBRDP
LBRDA		0.32	1.0	0.0	0.0	0.0	0.33	0.57	-0.03	0.19	LBRDA
KT	0.32		0.31	0.0	0.0	0.0	0.23	0.31	-0.35	-0.02	KT
LBRDK	1.0	0.31		0.0	0.0	0.0	0.33	0.57	-0.05	0.16	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	0.33	0.23	0.33	0.0	0.0	0.0		0.36	-0.28	-0.06	KORE
IDT	0.57	0.31	0.57	0.0	0.0	0.0	0.36		-0.19	-0.15	IDT
CABO	-0.03	-0.35	-0.05	0.0	0.0	0.0	-0.28	-0.19		0.5	CABO
LBRDP	0.19	-0.02	0.16	0.0	0.0	0.0	-0.06	-0.15	0.5		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	+ 0.57	LBRDA
IDT	+ 0.57	LBRDK
LBRDP	+ 0.5	CABO
IDT	+ 0.36	KORE
KORE	+ 0.33	LBRDA

High negative correlations

CABO	- 0.35	KT
CABO	- 0.28	KORE
CABO	- 0.19	IDT
LBRDP	- 0.15	IDT
LBRDP	- 0.06	KORE
CABO	- 0.05	LBRDK

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	2.08	0.35	0.12	0.17	2.67	(2.27)	2.94	(3.73)	13.23
KT	1.17	0.21	0.21	0.48	1.21	(1.20)	2.80	(2.15)	8.11
LBRDK	2.05	0.35	0.12	0.18	2.62	(2.19)	2.90	(3.97)	12.81
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	3.13	0.34	0.10	0.67	3.85	(3.32)	6.43	(6.79)	23.80
IDT	1.44	0.14	0.11	0.06	1.61	(1.64)	3.38	(3.12)	14.04
CABO	2.66	(0.08)	0.00	(0.24)	0.00	0.00	5.03	(5.26)	22.18
LBRDP	0.65	0.00	0.00	(0.15)	0.00	0.00	1.35	(1.66)	6.53

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