Phunware Correlations

PHUN Stock

USD 2.91 0.07 2.35%

The current 90-days correlation between Phunware and Beamr Imaging Ltd is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phunware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phunware moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Phunware Correlation With Market

Average diversification

The correlation between Phunware and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phunware and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phunware. 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.

To learn how to invest in Phunware Stock, please use our How to Invest in Phunware guide.

Moving together with Phunware Stock

0.79	DJCO	Daily Journal Corp	Pair Corr
0.65	AI	C3 Ai Inc	Pair Corr
0.67	EB	Eventbrite Class A	Pair Corr
0.84	WK	Workiva	Pair Corr
0.67	VERX	Vertex	Pair Corr
0.67	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.81	VTSI	VirTra Inc	Pair Corr
0.68	ILLRW	Triller Group Symbol Change	Pair Corr
0.76	EGAN	eGain	Pair Corr
0.83	BMR	Beamr Imaging Tech Boost	Pair Corr

Moving against Phunware Stock

0.56	DOMO	Domo Inc	Pair Corr
0.42	ZI	ZoomInfo Technologies	Pair Corr
0.72	ENFN	Enfusion	Pair Corr
0.65	API	Agora Inc	Pair Corr
0.63	ADP	Automatic Data Processing	Pair Corr

Related Correlations Analysis

	HTCR	BMR	HKD	CXAI	SOUN	XELA	IDAI	FRGT	BRQS
HTCR		0.78	0.74	0.81	0.57	0.0	0.61	0.47	0.0	HTCR
BMR	0.78		0.78	0.88	0.82	0.0	0.83	0.6	0.0	BMR
HKD	0.74	0.78		0.85	0.61	0.0	0.61	0.36	0.0	HKD
CXAI	0.81	0.88	0.85		0.72	0.0	0.72	0.53	0.0	CXAI
SOUN	0.57	0.82	0.61	0.72		0.0	0.75	0.69	0.0	SOUN
XELA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	XELA
IDAI	0.61	0.83	0.61	0.72	0.75	0.0		0.72	0.0	IDAI
FRGT	0.47	0.6	0.36	0.53	0.69	0.0	0.72		0.0	FRGT
BRQS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRQS
	HTCR	BMR	HKD	CXAI	SOUN	XELA	IDAI	FRGT	BRQS

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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

CXAI	+ 0.88	BMR
CXAI	+ 0.85	HKD
IDAI	+ 0.83	BMR
SOUN	+ 0.82	BMR
CXAI	+ 0.81	HTCR
BMR	+ 0.78	HTCR

High negative correlations

BRQS	- 0.0	FRGT
BRQS	- 0.0	IDAI
BRQS	- 0.0	XELA
FRGT	- 0.0	XELA
IDAI	- 0.0	XELA
BRQS	- 0.0	SOUN

Risk-Adjusted Indicators

There is a big difference between Phunware Stock performing well and Phunware 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 Phunware'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
HTCR	6.32	(0.19)	0.00	(0.23)	0.00	0.00	9.64	(18.75)	78.60
BMR	5.43	(0.27)	0.00	(0.73)	0.00	0.00	11.96	(9.53)	57.50
HKD	2.43	(0.25)	0.00	(0.75)	0.00	0.00	3.73	(5.02)	32.94
CXAI	4.87	(0.66)	0.00	(0.45)	0.00	0.00	9.89	(8.87)	41.68
SOUN	6.24	0.16	0.00	(0.06)	0.00	0.00	17.48	(12.01)	51.77
XELA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDAI	7.84	(1.53)	0.00	0.98	0.00	0.00	20.11	(16.89)	95.40
FRGT	5.54	0.08	0.06	(0.15)	6.30	(7.35)	10.29	(8.04)	67.06
BRQS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Phunware Corporate Management

Christopher Olive	General VP	Profile
Mike Snavely	Ex Marketing	Profile
Alan Knitowski	President, CoFounder	Profile
Troy Reisner	Chief Officer	Profile
Jeremy Kidd	Senior Marketing	Profile

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