Franklin Wireless Correlations

FKWL Stock

USD 5.92 0.04 0.68%

The current 90-days correlation between Franklin Wireless Corp and Moving iMage Technologies is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Wireless Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Franklin Wireless Correlation With Market

Modest diversification

The correlation between Franklin Wireless Corp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Wireless Corp 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 Franklin Wireless Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Franklin Stock

0.83	CSCO	Cisco Systems	Pair Corr
0.68	FTNT	Fortinet	Pair Corr
0.79	ALTR	Altair Engineering	Pair Corr
0.71	BRK-A	Berkshire Hathaway	Pair Corr
0.8	WM	Waste Management	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.72	IBM	International Business	Pair Corr
0.76	VZ	Verizon Communications	Pair Corr

Moving against Franklin Stock

0.86	TDC	Teradata Corp	Pair Corr
0.81	PARACABLES	Paramount Communications	Pair Corr
0.78	SLNH	Soluna Holdings	Pair Corr
0.7	MSFT	Microsoft Aggressive Push	Pair Corr
0.65	CRM	Salesforce	Pair Corr
0.47	AIRG	Airgain	Pair Corr
0.37	NVDA	NVIDIA Aggressive Push	Pair Corr
0.33	CLFD	Clearfield	Pair Corr
0.68	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.52	AMZN	Amazon Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	WLAN	TPTW	MITQ	CMTL	KVHI	AMPG	SYTA	OCC	ITI	KN
WLAN		-0.37	0.29	0.31	-0.03	0.03	0.49	-0.02	0.0	0.39	WLAN
TPTW	-0.37		-0.63	-0.58	-0.29	-0.41	-0.78	-0.25	0.0	-0.78	TPTW
MITQ	0.29	-0.63		0.31	0.65	0.15	0.7	0.57	0.0	0.8	MITQ
CMTL	0.31	-0.58	0.31		-0.13	0.83	0.74	-0.1	0.0	0.73	CMTL
KVHI	-0.03	-0.29	0.65	-0.13		-0.07	0.3	0.68	0.0	0.4	KVHI
AMPG	0.03	-0.41	0.15	0.83	-0.07		0.46	-0.02	0.0	0.56	AMPG
SYTA	0.49	-0.78	0.7	0.74	0.3	0.46		0.19	0.0	0.91	SYTA
OCC	-0.02	-0.25	0.57	-0.1	0.68	-0.02	0.19		0.0	0.32	OCC
ITI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ITI
KN	0.39	-0.78	0.8	0.73	0.4	0.56	0.91	0.32	0.0		KN
	WLAN	TPTW	MITQ	CMTL	KVHI	AMPG	SYTA	OCC	ITI	KN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

KN	+ 0.91	SYTA
AMPG	+ 0.83	CMTL
KN	+ 0.8	MITQ
SYTA	+ 0.74	CMTL
KN	+ 0.73	CMTL
SYTA	+ 0.7	MITQ

High negative correlations

KN	- 0.78	TPTW
SYTA	- 0.78	TPTW
MITQ	- 0.63	TPTW
CMTL	- 0.58	TPTW
AMPG	- 0.41	TPTW
TPTW	- 0.37	WLAN

Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Wireless 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 Franklin Wireless' 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
WLAN	5.84	(0.01)	0.00	(0.01)	6.94	(14.84)	12.50	(16.67)	51.52
TPTW	14.57	4.96	0.00	1.01	0.00	0.00	100.00	(33.33)	250.00
MITQ	3.94	(0.30)	0.00	1.70	0.00	0.00	7.41	(7.14)	42.49
CMTL	6.06	(0.35)	0.00	0.33	0.00	0.00	18.18	(9.39)	65.93
KVHI	1.79	(0.13)	0.00	(0.74)	0.00	0.00	2.92	(4.50)	14.31
AMPG	8.06	0.10	0.01	0.01	10.88	(8.90)	19.23	(18.47)	100.75
SYTA	7.16	(1.21)	0.00	(1.33)	0.00	0.00	19.14	(15.01)	58.34
OCC	5.61	1.23	0.20	0.46	4.82	(6.95)	20.50	(7.92)	73.76
ITI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KN	1.20	(0.29)	0.00	(0.33)	0.00	0.00	1.86	(2.70)	6.22

Franklin Wireless Corporate Management

Yun Lee	Senior Business	Profile
Reid Granados	Interim Officer	Profile
William Bauer	General Secretary	Profile
John Parks	Director Operation	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC