BitFuFu Warrant Correlations

FUFUW Stock

0.44 0.10 18.52%

The current 90-days correlation between BitFuFu Warrant and Molson Coors Brewing is 0.06 (i.e., Significant diversification). The correlation of BitFuFu Warrant 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.

BitFuFu Warrant Correlation With Market

Good diversification

The correlation between BitFuFu Warrant and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BitFuFu Warrant 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 BitFuFu Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy BitFuFu Stock please use our How to Invest in BitFuFu Warrant guide.

Moving together with BitFuFu Stock

0.61

MS-PQ

Morgan Stanley

Pair Corr

Moving against BitFuFu Stock

0.52	PROP	Prairie Operating	Pair Corr
0.51	MS-PE	Morgan Stanley	Pair Corr
0.47	GS-PC	Goldman Sachs	Pair Corr
0.44	MS-PF	Morgan Stanley	Pair Corr
0.43	SCHW-PD	Charles Schwab	Pair Corr
0.42	SF-PC	Stifel Financial Corp	Pair Corr
0.36	GS-PA	Goldman Sachs	Pair Corr
0.35	GS-PD	Goldman Sachs	Pair Corr
0.34	SF-PB	Stifel Financial Corp	Pair Corr
0.34	MS-PI	Morgan Stanley	Pair Corr
0.31	RJF-PB	Raymond James Financial	Pair Corr
0.31	MS-PK	Morgan Stanley	Pair Corr
0.61	BK	Bank of New York	Pair Corr
0.6	GS	Goldman Sachs Group	Pair Corr
0.53	GL	Globe Life	Pair Corr
0.51	C	Citigroup	Pair Corr
0.46	L	Loews Corp	Pair Corr
0.45	BN	Brookfield Corp	Pair Corr
0.43	MER-PK	Merrill Lynch Capital	Pair Corr
0.43	V	Visa Class A	Pair Corr
0.4	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.39	AB	AllianceBernstein Normal Trading	Pair Corr
0.38	FG	FG Annuities Life Normal Trading	Pair Corr
0.34	CG	Carlyle Group	Pair Corr

Related Correlations Analysis

	TAP	ABEV	ZH	NTGR	PEP	FIZZ	PRMB
TAP		0.81	0.54	-0.64	0.74	0.48	-0.34	TAP
ABEV	0.81		0.22	-0.67	0.79	0.67	-0.48	ABEV
ZH	0.54	0.22		-0.03	-0.02	-0.4	0.43	ZH
NTGR	-0.64	-0.67	-0.03		-0.76	-0.72	0.59	NTGR
PEP	0.74	0.79	-0.02	-0.76		0.83	-0.64	PEP
FIZZ	0.48	0.67	-0.4	-0.72	0.83		-0.87	FIZZ
PRMB	-0.34	-0.48	0.43	0.59	-0.64	-0.87		PRMB
	TAP	ABEV	ZH	NTGR	PEP	FIZZ	PRMB

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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

FIZZ	+ 0.83	PEP
ABEV	+ 0.81	TAP
PEP	+ 0.79	ABEV
PEP	+ 0.74	TAP
FIZZ	+ 0.67	ABEV
PRMB	+ 0.59	NTGR

High negative correlations

PRMB	- 0.87	FIZZ
PEP	- 0.76	NTGR
FIZZ	- 0.72	NTGR
NTGR	- 0.67	ABEV
PRMB	- 0.64	PEP
NTGR	- 0.64	TAP

Risk-Adjusted Indicators

There is a big difference between BitFuFu Stock performing well and BitFuFu Warrant 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 BitFuFu Warrant'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
TAP	1.19	0.06	0.04	0.09	1.58	(1.25)	2.61	(2.48)	10.33
ABEV	1.64	0.05	0.03	0.16	1.81	(1.92)	3.50	(3.26)	9.81
ZH	2.77	0.62	0.24	1.57	2.23	(3.63)	7.40	(4.17)	21.35
NTGR	2.00	0.18	0.07	0.22	2.42	(2.11)	4.17	(4.11)	12.12
PEP	0.99	(0.05)	0.00	(0.25)	0.00	0.00	1.67	(2.66)	8.19
FIZZ	1.16	(0.26)	0.00	(1.41)	0.00	0.00	2.24	(2.23)	10.19
PRMB	1.30	0.27	0.18	6.98	1.30	(1.45)	3.46	(2.65)	7.70

BitFuFu Warrant Corporate Executives

Elected by the shareholders, the BitFuFu Warrant's board of directors comprises two types of representatives: BitFuFu Warrant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BitFuFu. The board's role is to monitor BitFuFu Warrant's management team and ensure that shareholders' interests are well served. BitFuFu Warrant's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BitFuFu Warrant's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Carol Zhong	COO	Profile
	Alex Fan	CTO	Profile

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