Futu Holdings Correlations

FUTU Stock

USD 109.13 5.57 4.86%

The current 90-days correlation between Futu Holdings and Xp Inc is 0.21 (i.e., Modest diversification). The correlation of Futu Holdings 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.

Futu Holdings Correlation With Market

Modest diversification

The correlation between Futu Holdings and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Futu 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 Futu 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 estimate.

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

Moving together with Futu Stock

0.86	V	Visa Class A Sell-off Trend	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.61	PT	Pintec Technology	Pair Corr
0.76	ARR	ARMOUR Residential REIT	Pair Corr
0.89	IVR	Invesco Mortgage Capital	Pair Corr
0.72	MFA	MFA Financial	Pair Corr
0.93	NLY	Annaly Capital Management	Pair Corr
0.9	ORC	Orchid Island Capital	Pair Corr
0.92	TWO	Two Harbors Investments	Pair Corr
0.76	XYF	X Financial Class Normal Trading	Pair Corr
0.94	YRD	Yirendai	Pair Corr
0.65	NYMT	New York Mortgage	Pair Corr

Moving against Futu Stock

0.67	WD	Walker Dunlop	Pair Corr
0.6	EVR	Evercore Partners	Pair Corr
0.57	DHIL	Diamond Hill Investment	Pair Corr
0.53	ABR	Arbor Realty Trust	Pair Corr
0.52	RC	Ready Capital Corp	Pair Corr
0.39	MC	Moelis	Pair Corr
0.36	ECPG	Encore Capital Group	Pair Corr
0.32	AXP	American Express	Pair Corr
0.82	ORGN	Origin Materials	Pair Corr
0.72	LMFA	LM Funding America	Pair Corr
0.45	PIPR	Piper Sandler Companies	Pair Corr
0.42	PWP	Perella Weinberg Partners	Pair Corr
0.35	VEL	Velocity Financial Llc	Pair Corr
0.79	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.41	AIHS	Senmiao Technology	Pair Corr
0.4	SOFI	SoFi Technologies Aggressive Push	Pair Corr

Related Correlations Analysis

	BTBT	XP	MEGL	APLD	BITF	RIOT	MARA	HUT	CLSK	NCPL
BTBT		-0.67	0.64	0.63	0.97	0.9	0.95	0.97	0.95	-0.1	BTBT
XP	-0.67		-0.75	-0.35	-0.71	-0.62	-0.65	-0.75	-0.54	0.33	XP
MEGL	0.64	-0.75		0.43	0.6	0.72	0.56	0.71	0.61	0.06	MEGL
APLD	0.63	-0.35	0.43		0.61	0.66	0.52	0.65	0.57	0.32	APLD
BITF	0.97	-0.71	0.6	0.61		0.84	0.96	0.95	0.9	-0.13	BITF
RIOT	0.9	-0.62	0.72	0.66	0.84		0.84	0.95	0.92	0.11	RIOT
MARA	0.95	-0.65	0.56	0.52	0.96	0.84		0.93	0.92	-0.16	MARA
HUT	0.97	-0.75	0.71	0.65	0.95	0.95	0.93		0.94	-0.06	HUT
CLSK	0.95	-0.54	0.61	0.57	0.9	0.92	0.92	0.94		0.03	CLSK
NCPL	-0.1	0.33	0.06	0.32	-0.13	0.11	-0.16	-0.06	0.03		NCPL
	BTBT	XP	MEGL	APLD	BITF	RIOT	MARA	HUT	CLSK	NCPL

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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

BITF	+ 0.97	BTBT
HUT	+ 0.97	BTBT
MARA	+ 0.96	BITF
MARA	+ 0.95	BTBT
CLSK	+ 0.95	BTBT
HUT	+ 0.95	BITF

High negative correlations

HUT	- 0.75	XP
MEGL	- 0.75	XP
BITF	- 0.71	XP
XP	- 0.67	BTBT
MARA	- 0.65	XP
RIOT	- 0.62	XP

Risk-Adjusted Indicators

There is a big difference between Futu Stock performing well and Futu Holdings 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 Futu Holdings' 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
BTBT	4.38	(0.64)	0.00	(0.46)	0.00	0.00	7.49	(8.63)	33.99
XP	1.90	0.36	0.14	0.35	2.30	(2.03)	5.39	(2.96)	11.53
MEGL	4.73	(0.17)	0.00	0.74	0.00	0.00	8.70	(9.30)	78.68
APLD	5.91	0.17	0.01	0.01	8.43	(5.76)	11.46	(14.00)	44.47
BITF	3.87	(0.78)	0.00	(0.71)	0.00	0.00	6.93	(8.87)	22.92
RIOT	4.42	(0.31)	0.00	(0.22)	0.00	0.00	8.06	(9.68)	33.41
MARA	3.92	(0.65)	0.00	(0.39)	0.00	0.00	8.23	(8.50)	30.41
HUT	4.45	(0.79)	0.00	(0.61)	0.00	0.00	10.06	(10.42)	36.19
CLSK	4.26	(0.46)	0.00	(0.34)	0.00	0.00	8.34	(8.41)	24.87
NCPL	3.46	0.13	0.00	(0.01)	0.00	0.00	7.54	(6.11)	21.54

Futu Holdings Corporate Management

Hua Li	Chairman Founder	Profile
Yu Chen	Chief Officer	Profile
ChingYee Poon	Head Compliance	Profile
Daniel Yuan	Chief Relations	Profile

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