Moving IMage Correlations

MITQ Stock

USD 0.56 0.01 2.55%

The current 90-days correlation between Moving iMage Technologies and Franklin Wireless Corp is 0.12 (i.e., Average diversification). The correlation of Moving IMage 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.

Moving IMage Correlation With Market

Significant diversification

The correlation between Moving iMage Technologies and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moving iMage Technologies 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 Moving iMage Technologies. 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.

Moving together with Moving Stock

0.82	FLEX	Flex	Pair Corr
0.66	WBX	Wallbox NV	Pair Corr
0.78	AIRG	Airgain	Pair Corr
0.84	CLFD	Clearfield	Pair Corr
0.74	S	SentinelOne	Pair Corr
0.72	CRM	Salesforce	Pair Corr
0.76	TDC	Teradata Corp	Pair Corr
0.78	VLN	Valens	Pair Corr
0.68	PATH	Uipath Inc	Pair Corr
0.79	SLNH	Soluna Holdings	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.64	PBCRY	Bank Central Asia	Pair Corr
0.74	BKRKY	Bank Rakyat	Pair Corr
0.68	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Moving Stock

0.58	MLGO	MicroAlgo Trending	Pair Corr
0.5	MQ	Marqeta	Pair Corr
0.4	JG	Aurora Mobile	Pair Corr
0.36	ALTR	Altair Engineering	Pair Corr
0.83	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.75	MCD	McDonalds	Pair Corr
0.73	T	ATT Inc Aggressive Push	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.53	WM	Waste Management	Pair Corr
0.49	IBM	International Business	Pair Corr
0.47	300131	ShenZhen Yitoa Intel	Pair Corr
0.39	CWCO	Consolidated Water	Pair Corr
0.31	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FKWL	WLAN	TPTW	CMTL	ELST	BEWFF	FEIM	MOB	SYTA
FKWL		-0.37	0.78	-0.62	-0.68	-0.53	-0.72	-0.66	-0.76	FKWL
WLAN	-0.37		-0.36	0.3	0.25	0.25	0.1	0.42	0.47	WLAN
TPTW	0.78	-0.36		-0.58	-0.58	-0.62	-0.63	-0.65	-0.78	TPTW
CMTL	-0.62	0.3	-0.58		0.82	0.43	0.75	0.94	0.74	CMTL
ELST	-0.68	0.25	-0.58	0.82		0.43	0.79	0.8	0.69	ELST
BEWFF	-0.53	0.25	-0.62	0.43	0.43		0.61	0.58	0.74	BEWFF
FEIM	-0.72	0.1	-0.63	0.75	0.79	0.61		0.76	0.72	FEIM
MOB	-0.66	0.42	-0.65	0.94	0.8	0.58	0.76		0.83	MOB
SYTA	-0.76	0.47	-0.78	0.74	0.69	0.74	0.72	0.83		SYTA
	FKWL	WLAN	TPTW	CMTL	ELST	BEWFF	FEIM	MOB	SYTA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MOB	+ 0.94	CMTL
SYTA	+ 0.83	MOB
ELST	+ 0.82	CMTL
MOB	+ 0.8	ELST
FEIM	+ 0.79	ELST
TPTW	+ 0.78	FKWL

High negative correlations

SYTA	- 0.78	TPTW
SYTA	- 0.76	FKWL
FEIM	- 0.72	FKWL
ELST	- 0.68	FKWL
MOB	- 0.66	FKWL
MOB	- 0.65	TPTW

Risk-Adjusted Indicators

There is a big difference between Moving Stock performing well and Moving IMage 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 Moving IMage'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
FKWL	2.54	0.63	0.21	0.60	2.22	(3.21)	6.59	(4.53)	17.61
WLAN	5.79	0.14	0.01	(0.13)	6.84	(14.84)	12.50	(16.67)	51.52
TPTW	14.57	4.77	0.00	0.93	0.00	0.00	100.00	(33.33)	250.00
CMTL	6.10	(0.36)	0.00	0.28	0.00	0.00	18.18	(9.39)	65.93
ELST	2.97	0.11	0.01	0.10	4.98	(19.74)	12.50	(12.50)	45.83
BEWFF	1.89	0.01	0.00	0.02	2.33	(4.47)	6.82	(4.00)	19.09
FEIM	2.19	(0.14)	0.00	(0.08)	0.00	0.00	4.39	(4.12)	18.93
MOB	6.53	(0.18)	0.00	(0.12)	0.00	0.00	13.07	(11.16)	49.42
SYTA	7.20	(1.28)	0.00	(2.29)	0.00	0.00	19.14	(15.01)	58.34

Moving IMage Corporate Management

Thomas Lipiec	Senior Service	Profile
Jerry Rydt	Senior Sales	Profile
William Greene	Chief Officer	Profile
Michael CPA	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC