Fluent Correlations

FLNT Stock

USD 2.04 0.05 2.39%

The current 90-days correlation between Fluent Inc and Marchex is 0.14 (i.e., Average diversification). The correlation of Fluent 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.

Fluent Correlation With Market

Modest diversification

The correlation between Fluent Inc 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 Fluent Inc 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 Fluent Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Fluent Stock

0.71	CCO	Clear Channel Outdoor	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.65	GCI	Gannett	Pair Corr
0.66	IAS	Integral Ad Science	Pair Corr
0.72	MCS	Marcus	Pair Corr
0.72	MSGE	Madison Square Garden	Pair Corr
0.62	NCMI	National CineMedia	Pair Corr
0.62	NCTY	The9 Ltd ADR	Pair Corr

Moving against Fluent Stock

0.73	NXST	Nexstar Broadcasting	Pair Corr
0.54	ANTE	Airnet Technology	Pair Corr
0.33	KT	KT Corporation	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MCHX	DLPN	BYOC	GSMGW	IFUS	MOBQ	BAOS	ADTH	CMPR
MCHX		0.32	-0.02	0.29	0.02	0.0	-0.16	0.0	0.08	MCHX
DLPN	0.32		0.25	0.17	0.06	0.0	0.07	0.0	0.14	DLPN
BYOC	-0.02	0.25		0.27	-0.23	0.0	0.01	0.0	0.23	BYOC
GSMGW	0.29	0.17	0.27		-0.64	0.0	-0.09	0.0	0.82	GSMGW
IFUS	0.02	0.06	-0.23	-0.64		0.0	-0.32	0.0	-0.85	IFUS
MOBQ	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MOBQ
BAOS	-0.16	0.07	0.01	-0.09	-0.32	0.0		0.0	0.1	BAOS
ADTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ADTH
CMPR	0.08	0.14	0.23	0.82	-0.85	0.0	0.1	0.0		CMPR
	MCHX	DLPN	BYOC	GSMGW	IFUS	MOBQ	BAOS	ADTH	CMPR

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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

CMPR	+ 0.82	GSMGW
DLPN	+ 0.32	MCHX
GSMGW	+ 0.29	MCHX
GSMGW	+ 0.27	BYOC
BYOC	+ 0.25	DLPN
CMPR	+ 0.23	BYOC

High negative correlations

CMPR	- 0.85	IFUS
IFUS	- 0.64	GSMGW
BAOS	- 0.32	IFUS
IFUS	- 0.23	BYOC
BAOS	- 0.16	MCHX
BAOS	- 0.09	GSMGW

Risk-Adjusted Indicators

There is a big difference between Fluent Stock performing well and Fluent 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 Fluent'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
MCHX	2.03	(0.09)	0.00	(0.19)	0.00	0.00	3.76	(3.94)	11.90
DLPN	4.13	0.06	0.00	(0.02)	0.00	0.00	9.24	(8.18)	22.16
BYOC	22.96	5.12	0.10	(2.28)	19.73	(100.00)	100.00	(50.00)	150.00
GSMGW	24.84	4.52	0.17	(4.96)	18.79	(52.81)	54.55	(37.50)	142.86
IFUS	5.64	1.79	0.23	0.71	5.95	(6.61)	13.50	(10.21)	64.80
MOBQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAOS	13.15	3.84	0.33	2.16	9.30	(17.81)	19.03	(17.30)	348.15
ADTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMPR	2.15	(0.81)	0.00	(0.95)	0.00	0.00	4.08	(5.34)	11.06

Fluent Corporate Management

Dan Hall	Chief Officer	Profile
Jeff Kauffman	CoGeneral Officer	Profile
Melanie Murphy	Chief Officer	Profile
Sean Cullen	Executive Product	Profile
Brian Hogan	Executive Solutions	Profile

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