BitFuFu Warrant Correlations

FUFUW Stock

0.45 0.04 9.76%

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

Average diversification

The correlation between BitFuFu Warrant and DJI is 0.14 (i.e., Average 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 against BitFuFu Stock

0.58	RJF-PB	Raymond James Financial	Pair Corr
0.53	MS-PK	Morgan Stanley	Pair Corr
0.51	SCHW-PD	Charles Schwab	Pair Corr
0.51	SF-PB	Stifel Financial Corp	Pair Corr
0.48	MS-PE	Morgan Stanley	Pair Corr
0.48	MS-PO	Morgan Stanley	Pair Corr
0.42	MS-PP	Morgan Stanley	Pair Corr
0.41	MS-PF	Morgan Stanley	Pair Corr
0.37	SCHW-PJ	Charles Schwab	Pair Corr
0.37	SF-PD	Stifel Financial Corp	Pair Corr
0.35	MS-PI	Morgan Stanley	Pair Corr
0.34	FLDDW	Fold Holdings, Warrant Symbol Change	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.56	GS-PA	Goldman Sachs	Pair Corr
0.55	BK	Bank of New York	Pair Corr
0.53	GL	Globe Life	Pair Corr
0.52	DB	Deutsche Bank AG	Pair Corr
0.51	AC	Associated Capital	Pair Corr
0.41	MER-PK	Merrill Lynch Capital	Pair Corr
0.34	GS-PD	Goldman Sachs	Pair Corr
0.31	L	Loews Corp	Pair Corr

Related Correlations Analysis

	EVOH	CRSR	GNTX	DAN	LI	LCID	GNZUF	ASR
EVOH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EVOH
CRSR	0.0		-0.85	0.79	0.68	-0.35	-0.38	0.46	CRSR
GNTX	0.0	-0.85		-0.65	-0.73	0.39	0.25	-0.36	GNTX
DAN	0.0	0.79	-0.65		0.34	-0.16	-0.27	0.66	DAN
LI	0.0	0.68	-0.73	0.34		-0.61	-0.06	0.04	LI
LCID	0.0	-0.35	0.39	-0.16	-0.61		0.24	0.03	LCID
GNZUF	0.0	-0.38	0.25	-0.27	-0.06	0.24		-0.12	GNZUF
ASR	0.0	0.46	-0.36	0.66	0.04	0.03	-0.12		ASR
	EVOH	CRSR	GNTX	DAN	LI	LCID	GNZUF	ASR

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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

DAN	+ 0.79	CRSR
LI	+ 0.68	CRSR
ASR	+ 0.66	DAN
ASR	+ 0.46	CRSR
LCID	+ 0.39	GNTX
LI	+ 0.34	DAN

High negative correlations

GNTX	- 0.85	CRSR
LI	- 0.73	GNTX
DAN	- 0.65	GNTX
LCID	- 0.61	LI
GNZUF	- 0.38	CRSR
ASR	- 0.36	GNTX

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
EVOH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRSR	3.21	0.65	0.16	0.21	3.14	(3.67)	5.62	(5.67)	34.05
GNTX	1.19	(0.30)	0.00	(0.56)	0.00	0.00	2.19	(2.29)	10.85
DAN	2.15	0.37	0.13	0.19	2.37	(2.24)	5.46	(3.75)	19.62
LI	3.10	0.36	0.12	2.63	3.51	(3.37)	6.20	(4.92)	24.14
LCID	3.75	0.04	0.00	(0.04)	0.00	0.00	8.58	(7.55)	28.24
GNZUF	3.57	0.51	0.08	0.44	3.87	(6.64)	9.76	(7.69)	45.71
ASR	1.67	0.25	0.12	0.15	1.81	(1.84)	3.01	(3.29)	13.79

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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