Funko Correlations

FNKO Stock

USD 4.63 0.01 0.22%

The current 90-days correlation between Funko Inc and Clarus Corp is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Funko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Funko Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Funko Correlation With Market

Very good diversification

The correlation between Funko Inc and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Funko Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Funko Stock

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

Moving together with Funko Stock

0.61	LAD	Lithia Motors Earnings Call This Week	Pair Corr
0.75	SPWH	Sportsmans	Pair Corr

Moving against Funko Stock

0.49	DIT	AMCON Distributing	Pair Corr
0.58	JFBR	Jeffs Brands	Pair Corr
0.54	GME	GameStop Corp	Pair Corr
0.44	RAY	Raytech Holding	Pair Corr
0.32	GAP	Gap, Symbol Change	Pair Corr
0.31	HTLM	HomesToLife	Pair Corr
0.68	PC	Premium Catering	Pair Corr
0.45	GV	Visionary Education	Pair Corr

Related Correlations Analysis

	HAS	CLAR	FUN	MAT	AOUT	DLPN	HOFV
HAS		0.66	-0.6	0.86	-0.55	0.74	0.22	HAS
CLAR	0.66		-0.71	0.36	-0.69	0.69	0.53	CLAR
FUN	-0.6	-0.71		-0.35	0.74	-0.57	-0.58	FUN
MAT	0.86	0.36	-0.35		-0.17	0.52	-0.08	MAT
AOUT	-0.55	-0.69	0.74	-0.17		-0.62	-0.52	AOUT
DLPN	0.74	0.69	-0.57	0.52	-0.62		0.34	DLPN
HOFV	0.22	0.53	-0.58	-0.08	-0.52	0.34		HOFV
	HAS	CLAR	FUN	MAT	AOUT	DLPN	HOFV

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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

MAT	+ 0.86	HAS
DLPN	+ 0.74	HAS
AOUT	+ 0.74	FUN
DLPN	+ 0.69	CLAR
CLAR	+ 0.66	HAS
HOFV	+ 0.53	CLAR

High negative correlations

FUN	- 0.71	CLAR
AOUT	- 0.69	CLAR
DLPN	- 0.62	AOUT
FUN	- 0.6	HAS
HOFV	- 0.58	FUN
DLPN	- 0.57	FUN

Risk-Adjusted Indicators

There is a big difference between Funko Stock performing well and Funko 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 Funko'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
HAS	1.39	0.28	0.27	0.38	0.89	(1.67)	2.89	(2.11)	17.83
CLAR	1.67	0.19	0.06	0.50	1.82	(1.96)	4.00	(3.07)	11.78
FUN	2.17	0.01	(0.07)	0.91	2.75	(2.19)	4.73	(4.98)	12.13
MAT	1.50	0.54	0.18	(1.55)	1.07	(1.77)	3.53	(2.36)	12.80
AOUT	2.68	(0.19)	0.00	(0.07)	0.00	0.00	5.28	(5.08)	22.55
DLPN	2.51	0.39	0.07	2.50	2.59	(3.20)	6.31	(4.48)	15.24
HOFV	2.25	(0.16)	0.00	1.22	0.00	0.00	4.71	(5.68)	25.75

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