Firefly Neuroscience, Correlations

AIFF Stock

4.95 0.17 3.32%

The current 90-days correlation between Firefly Neuroscience, and Tigo Energy is -0.12 (i.e., Good diversification). The correlation of Firefly Neuroscience, 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.

Firefly Neuroscience, Correlation With Market

Significant diversification

The correlation between Firefly Neuroscience, and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firefly Neuroscience, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Firefly Neuroscience,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in Firefly Stock please use our How to Invest in Firefly Neuroscience, guide.

Moving against Firefly Stock

0.4	WK	Workiva	Pair Corr
0.36	DJCO	Daily Journal Corp	Pair Corr
0.34	VS	Versus Systems	Pair Corr
0.44	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.44	CYN	Cyngn Inc Tech Boost	Pair Corr
0.39	FICO	Fair Isaac	Pair Corr
0.35	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	JYNT	EYE	TYGO	NTGR	ESPR	PLXS	TMCI	LASR
JYNT		0.77	0.33	-0.1	-0.53	-0.49	0.6	-0.19	JYNT
EYE	0.77		0.01	-0.38	-0.73	-0.73	0.4	-0.57	EYE
TYGO	0.33	0.01		0.61	0.12	0.14	0.46	0.51	TYGO
NTGR	-0.1	-0.38	0.61		0.52	0.56	0.28	0.71	NTGR
ESPR	-0.53	-0.73	0.12	0.52		0.96	-0.42	0.64	ESPR
PLXS	-0.49	-0.73	0.14	0.56	0.96		-0.35	0.69	PLXS
TMCI	0.6	0.4	0.46	0.28	-0.42	-0.35		0.25	TMCI
LASR	-0.19	-0.57	0.51	0.71	0.64	0.69	0.25		LASR
	JYNT	EYE	TYGO	NTGR	ESPR	PLXS	TMCI	LASR

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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

PLXS	+ 0.96	ESPR
EYE	+ 0.77	JYNT
LASR	+ 0.71	NTGR
LASR	+ 0.69	PLXS
LASR	+ 0.64	ESPR
NTGR	+ 0.61	TYGO

High negative correlations

PLXS	- 0.73	EYE
ESPR	- 0.73	EYE
LASR	- 0.57	EYE
ESPR	- 0.53	JYNT
PLXS	- 0.49	JYNT
TMCI	- 0.42	ESPR

Risk-Adjusted Indicators

There is a big difference between Firefly Stock performing well and Firefly Neuroscience, 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 Firefly Neuroscience,'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
JYNT	1.63	0.26	0.16	0.27	1.41	(2.02)	4.55	(2.75)	10.24
EYE	2.25	0.32	0.12	0.23	2.49	(2.47)	4.71	(4.45)	16.13
TYGO	3.42	0.23	0.05	(0.95)	4.08	(4.42)	8.25	(5.83)	29.34
NTGR	2.28	0.00	0.00	(0.04)	0.00	0.00	4.49	(5.11)	12.12
ESPR	2.87	(0.39)	0.00	1.54	0.00	0.00	5.70	(6.51)	18.80
PLXS	1.38	(0.29)	0.00	(0.39)	0.00	0.00	2.35	(3.00)	12.43
TMCI	2.79	0.32	0.10	0.18	2.54	(3.32)	8.14	(4.19)	20.40
LASR	2.66	(0.29)	0.00	(0.27)	0.00	0.00	5.67	(7.08)	16.59

Firefly Neuroscience, Corporate Management

Gil Issachar	Chief Officer	Profile
Jason DuBraski	Vice Sales	Profile
Samer MD	Chief Officer	Profile
Stephen Purcell	Chief Officer	Profile

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