Singularity Future Correlations

SGLY Stock  USD 0.81  0.08  8.99%   
The correlation of Singularity Future 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.

Singularity Future Correlation With Market

Good diversification

The correlation between Singularity Future Technology and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singularity Future Technology and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Singularity Future Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Singularity Stock

  0.65UPS United Parcel ServicePairCorr
  0.62JBHT JB Hunt TransportPairCorr
  0.71LSTR Landstar SystemPairCorr
  0.61BV BrightView HoldingsPairCorr
  0.65BW Babcock Wilcox EnterPairCorr
  0.76CW Curtiss WrightPairCorr

Moving against Singularity Stock

  0.6AIRTP Air T IncPairCorr
  0.57JYD Jayud Global Logistics TrendingPairCorr
  0.55EXPD Expeditors InternationalPairCorr
  0.55ZTO ZTO ExpressPairCorr
  0.42CRGOW Freightos LimitedPairCorr
  0.31FLX BingExPairCorr
  0.71PBI-PB Pitney Bowes NTPairCorr
  0.67G Genpact LimitedPairCorr
  0.53ATXG Addentax Group CorpPairCorr
  0.47BR Broadridge FinancialPairCorr
  0.74KC Kingsoft Cloud HoldingsPairCorr
  0.71LZ LegalZoomPairCorr

Related Correlations Analysis

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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   
NRGVSST
NRGVHOUR
HOURSST
MOBQNVCT
MOBQSST
MOBQHOUR
  
High negative correlations   
NRGVNVCT
SSTNVCT
HOURNVCT
NRGVMOBQ
MOBQHOUR
MOBQSST

Risk-Adjusted Indicators

There is a big difference between Singularity Stock performing well and Singularity Future 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 Singularity Future'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.

Singularity Future Corporate Management

Xin CaoExecutiveProfile
Chee NgChief OfficerProfile
Yafei LiChief OfficerProfile
Lei CaoCEO, FounderProfile