Fintech Ecosystem Correlations
| FEXDUDelisted Stock | USD 11.65 0.00 0.00% |
The current 90-days correlation between Fintech Ecosystem and Aquestive Therapeutics is 0.03 (i.e., Significant diversification). The correlation of Fintech Ecosystem 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Fintech Ecosystem Correlation With Market
Significant diversification
The correlation between Fintech Ecosystem Development 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 Fintech Ecosystem Development and DJI in the same portfolio, assuming nothing else is changed.
Fintech |
Moving together with Fintech Stock
Moving against Fintech Stock
| 0.49 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.42 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.38 | BKRKY | Bank Rakyat | PairCorr |
| 0.37 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.35 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.31 | BKRKF | PT Bank Rakyat | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fintech Stock performing well and Fintech Ecosystem 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 Fintech Ecosystem'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQST | 3.33 | (0.38) | 0.00 | (0.15) | 0.00 | 6.37 | 16.21 | |||
| MMSI | 0.87 | 0.07 | 0.01 | 0.25 | 0.85 | 2.07 | 6.42 | |||
| MESA | 2.88 | (0.04) | 0.00 | (0.28) | 0.00 | 6.19 | 28.65 | |||
| KODK | 2.95 | 0.50 | 0.12 | 0.79 | 3.41 | 7.91 | 26.51 | |||
| JDDSF | 0.54 | (0.14) | 0.00 | (0.33) | 0.00 | 0.00 | 29.30 | |||
| SAIA | 2.10 | 0.11 | 0.12 | 0.16 | 2.01 | 3.84 | 18.12 | |||
| JYNT | 2.01 | (0.16) | (0.03) | 0.03 | 2.25 | 5.29 | 15.39 |
Fintech Ecosystem 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 Fintech Ecosystem stock to make a market-neutral strategy. Peer analysis of Fintech Ecosystem could also be used in its relative valuation, which is a method of valuing Fintech Ecosystem by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Fintech Ecosystem Development?
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