FAST TRACK Correlations

FTRK Stock  USD 0.47  0.01  2.17%   
The current 90-days correlation between FAST TRACK GROUP and DarkIris Class A is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FAST TRACK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FAST TRACK GROUP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FAST TRACK Correlation With Market

Modest diversification

The correlation between FAST TRACK GROUP and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAST TRACK GROUP and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FAST TRACK GROUP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with FAST Stock

  0.77WPP WPP PLC ADRPairCorr
  0.84DKUPL DekuplePairCorr
  0.68ILLM illumin HoldingsPairCorr

Moving against FAST Stock

  0.35XHLD TEN Holdings CommonPairCorr
  0.38MIRI Mirriad Advertising PLCPairCorr
  0.36YDKG Yueda Digital Holding Symbol ChangePairCorr

Related Correlations Analysis


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

DRCTTNMG
CPOPZNB
KRKRCPOP
KRKRZNB
ZNBDRCT
PCLADRCT
  

High negative correlations

CPOPDKI
CPOPLDWY
CPOPXHLD
KRKRLDWY
BBGILDWY
ZNBLDWY

Risk-Adjusted Indicators

There is a big difference between FAST Stock performing well and FAST TRACK 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 FAST TRACK'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TNMG  7.40 (0.10) 0.00  0.10  0.00 
 18.80 
 81.66 
DRCT  8.08 (2.31) 0.00  1.51  0.00 
 12.80 
 95.52 
DKI  8.61  1.21  0.16  0.27  7.12 
 12.82 
 216.30 
LDWY  4.66  0.41  0.07  0.45  5.65 
 13.35 
 40.34 
XHLD  8.94  0.92  0.08 (0.78) 8.74 
 12.30 
 204.72 
ZNB  8.70 (0.80) 0.00  1.56  0.00 
 12.90 
 90.82 
CPOP  3.09 (0.53) 0.00 (0.27) 0.00 
 6.82 
 24.15 
PCLA  10.36  0.84  0.08  0.89  9.14 
 9.71 
 228.24 
KRKR  4.09 (0.47) 0.00  1.21  0.00 
 7.37 
 27.52 
BBGI  10.75  2.38  0.29  0.37  8.37 
 9.95 
 359.13