Forge Global Correlations

FRGE Stock

USD 0.62 0.01 1.64%

The current 90-days correlation between Forge Global Holdings and Expensify is 0.4 (i.e., Very weak diversification). The correlation of Forge Global 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.

Forge Global Correlation With Market

Weak diversification

The correlation between Forge Global Holdings and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forge Global Holdings 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 Forge Global 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 price.

Moving together with Forge Stock

0.7	GBTG	Global Business Travel	Pair Corr
0.62	DT	Dynatrace Holdings LLC	Pair Corr
0.61	DV	DoubleVerify Holdings	Pair Corr
0.62	NA	Nano Labs	Pair Corr
0.64	ON	ON Semiconductor	Pair Corr

Moving against Forge Stock

0.43	VCSA	Vacasa Inc	Pair Corr
0.47	MQ	Marqeta	Pair Corr
0.38	GB	Global Blue Group	Pair Corr
0.38	ML	MoneyLion	Pair Corr

Related Correlations Analysis

	MNTV	CWAN	EXFY	MODN	ENV	LAW	AMPL	VTEX	ENFN	ONTF
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
CWAN	0.0		0.23	0.0	0.0	0.33	0.59	0.03	0.47	-0.02	CWAN
EXFY	0.0	0.23		0.0	0.0	0.53	0.29	0.31	0.08	0.5	EXFY
MODN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MODN
ENV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ENV
LAW	0.0	0.33	0.53	0.0	0.0		0.04	0.73	-0.13	0.78	LAW
AMPL	0.0	0.59	0.29	0.0	0.0	0.04		-0.03	0.77	-0.15	AMPL
VTEX	0.0	0.03	0.31	0.0	0.0	0.73	-0.03		-0.15	0.91	VTEX
ENFN	0.0	0.47	0.08	0.0	0.0	-0.13	0.77	-0.15		-0.3	ENFN
ONTF	0.0	-0.02	0.5	0.0	0.0	0.78	-0.15	0.91	-0.3		ONTF
	MNTV	CWAN	EXFY	MODN	ENV	LAW	AMPL	VTEX	ENFN	ONTF

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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

ONTF	+ 0.91	VTEX
ONTF	+ 0.78	LAW
ENFN	+ 0.77	AMPL
VTEX	+ 0.73	LAW
AMPL	+ 0.59	CWAN
LAW	+ 0.53	EXFY

High negative correlations

ONTF	- 0.3	ENFN
ENFN	- 0.15	VTEX
ONTF	- 0.15	AMPL
ENFN	- 0.13	LAW
VTEX	- 0.03	AMPL
ONTF	- 0.02	CWAN

Risk-Adjusted Indicators

There is a big difference between Forge Stock performing well and Forge Global 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 Forge Global'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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	1.79	(0.09)	0.00	(0.17)	0.00	0.00	3.61	(4.14)	15.32
EXFY	2.86	(0.06)	0.00	(0.07)	0.00	0.00	5.11	(5.52)	28.23
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAW	2.08	(0.35)	0.00	(0.51)	0.00	0.00	4.09	(4.79)	15.04
AMPL	2.69	0.10	0.03	0.05	3.58	(2.53)	3.93	(4.79)	28.92
VTEX	2.40	(0.24)	0.00	(0.18)	0.00	0.00	5.07	(5.60)	29.57
ENFN	1.14	0.09	0.06	0.34	1.58	(1.35)	3.38	(2.60)	10.10
ONTF	1.57	(0.27)	0.00	(0.27)	0.00	0.00	2.99	(4.37)	8.74

Forge Global Corporate Management

Jennifer Phillips	Chief Markets	Profile
Victoria Hughes	Chief Officer	Profile
James Nevin	Chief Officer	Profile
Kelly Rodriques	CEO Director	Profile
Roanne Lee	Senior Marketing	Profile
Mark Lee	Chief Solutions	Profile
Frank Lennox	Senior Compliance	Profile

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