Mercurity Fintech Correlations

MFH Stock

USD 5.75 0.27 4.49%

The current 90-days correlation between Mercurity Fintech Holding and Oppenheimer Holdings is 0.29 (i.e., Modest diversification). The correlation of Mercurity Fintech 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.

Mercurity Fintech Correlation With Market

Modest diversification

The correlation between Mercurity Fintech Holding and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercurity Fintech Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercurity Fintech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Mercurity Stock

0.63	IT	Gartner	Pair Corr
0.68	KD	Kyndryl Holdings	Pair Corr
0.66	DMRC	Digimarc	Pair Corr
0.61	DTST	Data Storage Corp	Pair Corr
0.68	EPAM	EPAM Systems	Pair Corr
0.64	ACN	Accenture plc	Pair Corr
0.76	DXC	DXC Technology	Pair Corr
0.73	GIB	CGI Inc	Pair Corr
0.76	UIS	Unisys Tech Boost	Pair Corr
0.61	VYX	NCR Voyix	Pair Corr
0.74	WIT	Wipro Limited ADR	Pair Corr
0.76	GDYN	Grid Dynamics Holdings	Pair Corr
0.65	XRX	Xerox Corp	Pair Corr
0.74	GLOB	Globant SA	Pair Corr
0.7	HCKT	Hackett Group	Pair Corr

Moving against Mercurity Stock

0.49	JZ	Jianzhi Education	Pair Corr
0.68	ARBB	ARB IOT Group	Pair Corr
0.54	JKHY	Jack Henry Associates	Pair Corr

Related Correlations Analysis

	SRL	DFIN	HGBL	OPY	TCJH	MEGL	NCPL	AGBA	PIPR	HLI
SRL		0.13	0.03	0.13	0.0	0.17	0.25	0.0	-0.12	-0.04	SRL
DFIN	0.13		-0.14	0.76	0.0	0.66	0.29	0.0	0.81	0.78	DFIN
HGBL	0.03	-0.14		-0.05	0.0	-0.37	0.0	0.0	-0.07	0.06	HGBL
OPY	0.13	0.76	-0.05		0.0	0.45	0.14	0.0	0.73	0.81	OPY
TCJH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TCJH
MEGL	0.17	0.66	-0.37	0.45	0.0		0.16	0.0	0.55	0.48	MEGL
NCPL	0.25	0.29	0.0	0.14	0.0	0.16		0.0	0.41	0.38	NCPL
AGBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AGBA
PIPR	-0.12	0.81	-0.07	0.73	0.0	0.55	0.41	0.0		0.94	PIPR
HLI	-0.04	0.78	0.06	0.81	0.0	0.48	0.38	0.0	0.94		HLI
	SRL	DFIN	HGBL	OPY	TCJH	MEGL	NCPL	AGBA	PIPR	HLI

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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

HLI	+ 0.94	PIPR
PIPR	+ 0.81	DFIN
HLI	+ 0.81	OPY
HLI	+ 0.78	DFIN
OPY	+ 0.76	DFIN
PIPR	+ 0.73	OPY

High negative correlations

MEGL	- 0.37	HGBL
HGBL	- 0.14	DFIN
PIPR	- 0.12	SRL
PIPR	- 0.07	HGBL
OPY	- 0.05	HGBL
HLI	- 0.04	SRL

Risk-Adjusted Indicators

There is a big difference between Mercurity Stock performing well and Mercurity Fintech 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 Mercurity Fintech'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
SRL	2.48	0.39	0.13	3.03	2.48	(2.86)	4.40	(4.12)	41.32
DFIN	2.00	(0.47)	0.00	(0.36)	0.00	0.00	2.76	(3.71)	28.47
HGBL	2.21	0.52	0.18	0.37	2.16	(2.63)	5.71	(3.93)	16.38
OPY	1.49	(0.09)	0.00	(0.08)	0.00	0.00	2.97	(2.92)	10.06
TCJH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEGL	4.63	(0.31)	0.00	0.68	0.00	0.00	8.11	(9.30)	78.68
NCPL	3.16	(0.11)	0.00	(0.07)	0.00	0.00	6.70	(6.11)	19.61
AGBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PIPR	1.55	(0.14)	0.00	(0.10)	0.00	0.00	2.87	(3.14)	9.43
HLI	1.30	(0.03)	0.00	(0.03)	0.00	0.00	2.15	(2.97)	8.89

Mercurity Fintech Corporate Management

Qian Sun	COO Director	Profile
Shi Qiu	CEO Director	Profile
James Tan	Cofounder	Profile
Wilfred Daye	Chief Officer	Profile
Freda Feng	IR Director	Profile
Xiangjun Liu	Senior Sales	Profile
Yukuan Zhang	Chief Officer	Profile

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