Futuretech Correlations
| FTIIDelisted Stock | USD 11.78 0.00 0.00% |
The correlation of Futuretech 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.
Futuretech Correlation With Market
Good diversification
The correlation between Futuretech II Acquisition and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Futuretech II Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Futuretech |
Moving against Futuretech Stock
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Futuretech Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Futuretech stock to make a market-neutral strategy. Peer analysis of Futuretech could also be used in its relative valuation, which is a method of valuing Futuretech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Futuretech II Acquisition?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.