FiscalNote Holdings Correlations

NOTE Stock

USD 0.65 0.03 4.84%

The current 90-days correlation between FiscalNote Holdings and Innodata is 0.33 (i.e., Weak diversification). The correlation of FiscalNote Holdings 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.

FiscalNote Holdings Correlation With Market

Modest diversification

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

Build AI portfolio with FiscalNote Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FiscalNote Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade FiscalNote Stock refer to our How to Trade FiscalNote Stock guide.

Moving together with FiscalNote Stock

0.68	FI	Fiserv,	Pair Corr
0.86	IT	Gartner Earnings Call This Week	Pair Corr
0.91	KD	Kyndryl Holdings	Pair Corr
0.84	DMRC	Digimarc	Pair Corr
0.78	VEEA	Veea Inc Symbol Change	Pair Corr
0.67	DTST	Data Storage Corp	Pair Corr
0.62	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.67	VNET	VNET Group DRC Trending	Pair Corr
0.73	VRRM	Verra Mobility Corp	Pair Corr
0.92	EPAM	EPAM Systems Earnings Call This Week	Pair Corr
0.92	ACN	Accenture plc	Pair Corr
0.61	AUR	Aurora Innovation Upward Rally	Pair Corr
0.86	DXC	DXC Technology	Pair Corr
0.79	GIB	CGI Inc	Pair Corr
0.77	GMM	Global Mofy Metaverse	Pair Corr
0.72	IBM	International Business	Pair Corr
0.63	JFU	9F Inc	Pair Corr
0.81	UIS	Unisys Earnings Call This Week	Pair Corr
0.9	VYX	NCR Voyix Earnings Call This Week	Pair Corr
0.91	WIT	Wipro Limited ADR	Pair Corr
0.92	GDYN	Grid Dynamics Holdings	Pair Corr
0.61	WRD	WeRide American Depo Buyout Trend	Pair Corr
0.9	GLOB	Globant SA	Pair Corr
0.9	HCKT	Hackett Group Earnings Call This Week	Pair Corr
0.91	INFY	Infosys Ltd ADR	Pair Corr
0.68	JDZG	JIADE LIMITED Common	Pair Corr
0.71	VEEAW	Veea Inc Symbol Change	Pair Corr
0.87	NABL	N Able Inc	Pair Corr

Moving against FiscalNote Stock

0.64	GLE	Global Engine Group	Pair Corr
0.77	SAIC	Science Applications	Pair Corr
0.63	ARBB	ARB IOT Group	Pair Corr
0.49	LDOS	Leidos Holdings	Pair Corr
0.39	MGIC	Magic Software Enter	Pair Corr

Related Correlations Analysis

	INOD	IBM	AUR	CYXT	ALYA	BBAI	CTG	GDYN	CLPS	ARBB
INOD		0.69	0.62	0.0	0.0	0.61	0.0	0.54	0.56	-0.38	INOD
IBM	0.69		0.58	0.0	0.0	0.63	0.0	0.74	0.76	-0.36	IBM
AUR	0.62	0.58		0.0	0.0	0.66	0.0	0.51	0.53	-0.36	AUR
CYXT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CYXT
ALYA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ALYA
BBAI	0.61	0.63	0.66	0.0	0.0		0.0	0.82	0.71	-0.71	BBAI
CTG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CTG
GDYN	0.54	0.74	0.51	0.0	0.0	0.82	0.0		0.88	-0.67	GDYN
CLPS	0.56	0.76	0.53	0.0	0.0	0.71	0.0	0.88		-0.43	CLPS
ARBB	-0.38	-0.36	-0.36	0.0	0.0	-0.71	0.0	-0.67	-0.43		ARBB
	INOD	IBM	AUR	CYXT	ALYA	BBAI	CTG	GDYN	CLPS	ARBB

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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

CLPS	+ 0.88	GDYN
GDYN	+ 0.82	BBAI
CLPS	+ 0.76	IBM
GDYN	+ 0.74	IBM
CLPS	+ 0.71	BBAI
IBM	+ 0.69	INOD

High negative correlations

ARBB	- 0.71	BBAI
ARBB	- 0.67	GDYN
ARBB	- 0.43	CLPS
ARBB	- 0.38	INOD
ARBB	- 0.36	AUR
ARBB	- 0.36	IBM

Risk-Adjusted Indicators

There is a big difference between FiscalNote Stock performing well and FiscalNote Holdings 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 FiscalNote Holdings' 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
INOD	5.48	0.74	0.08	0.21	7.12	(5.24)	11.68	(11.94)	37.27
IBM	1.74	0.24	0.11	0.16	2.26	(1.79)	2.58	(3.56)	19.54
AUR	5.25	0.90	0.11	0.23	5.64	(5.99)	11.34	(10.32)	58.34
CYXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALYA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBAI	7.02	0.59	0.06	0.18	7.24	(8.63)	21.31	(12.50)	65.28
CTG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDYN	2.60	(0.49)	0.00	(0.50)	0.00	0.00	4.35	(6.88)	20.42
CLPS	3.25	(0.15)	0.00	(0.29)	0.00	0.00	8.16	(5.93)	24.65
ARBB	8.05	1.29	0.13	1.02	8.19	(11.80)	25.97	(13.10)	86.54

FiscalNote Holdings Corporate Management

Sara Buda	Vice Relations	Profile
Dominique Taylor	Senior People	Profile
Nicholas Graham	Vice Affairs	Profile
Richard Henderson	Chief Officer	Profile
Taryn McKinnon	Vice Marketing	Profile
Frank Musso	Chief Officer	Profile

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