Firsthand Technology Correlations
| SVVCDelisted Fund | USD 0.62 0.01 1.59% |
The current 90-days correlation between Firsthand Technology and Elysee Development Corp is 0.25 (i.e., Modest diversification). The correlation of Firsthand Technology 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.
Firsthand Technology Correlation With Market
Good diversification
The correlation between Firsthand Technology Value and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firsthand Technology Value and DJI in the same portfolio, assuming nothing else is changed.
Firsthand |
Moving together with Firsthand OTC Fund
Moving against Firsthand OTC Fund
| 0.86 | APO-PA | Apollo Global Management | PairCorr |
| 0.81 | ATCO-PH | Atlas Corp | PairCorr |
| 0.76 | OCCIN | OFS Credit | PairCorr |
| 0.75 | OCCIO | OFS Credit | PairCorr |
| 0.71 | ATCO-PD | Atlas Corp | PairCorr |
| 0.56 | GECCO | Great Elm Capital | PairCorr |
| 0.38 | CIXXF | CI Financial Corp | PairCorr |
| 0.34 | GAINN | Gladstone Investment | PairCorr |
| 0.89 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | GS | Goldman Sachs Group Sell-off Trend | PairCorr |
| 0.84 | V | Visa Class A | PairCorr |
| 0.83 | DIST | Distoken Acquisition | PairCorr |
| 0.83 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.83 | CM | Canadian Imperial Bank Earnings Call This Week | PairCorr |
| 0.82 | C | Citigroup Aggressive Push | PairCorr |
| 0.81 | CG | Carlyle Group | PairCorr |
| 0.79 | AX | Axos Financial | PairCorr |
| 0.78 | BN | Brookfield Corp | PairCorr |
| 0.78 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.72 | AB | AllianceBernstein | PairCorr |
| 0.66 | AC | Associated Capital | PairCorr |
| 0.61 | L | Loews Corp | PairCorr |
| 0.59 | DHIL | Diamond Hill Investment | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Firsthand OTC Fund performing well and Firsthand Technology OTC Fund 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 Firsthand Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBUC | 1.74 | 0.16 | 0.10 | 0.22 | 1.87 | 3.46 | 9.74 | |||
| ASXSF | 3.03 | 0.05 | (0.01) | (0.91) | 4.77 | 9.09 | 32.50 | |||
| KTF | 0.44 | 0.06 | (0.09) | (1.75) | 0.48 | 1.12 | 3.40 | |||
| MVT | 0.48 | 0.00 | (0.18) | 0.08 | 0.61 | 1.07 | 2.79 | |||
| MFV | 0.68 | (0.03) | 0.00 | (1.20) | 0.00 | 1.95 | 4.79 | |||
| BLRZF | 2.63 | (1.20) | 0.00 | 1.11 | 0.00 | 0.00 | 88.00 | |||
| PYCFF | 0.15 | (0.08) | 0.00 | (0.74) | 0.00 | 0.00 | 6.39 | |||
| URNAF | 0.78 | 0.09 | 0.00 | 0.88 | 1.14 | 2.84 | 11.52 | |||
| GCAAF | 0.53 | (0.09) | 0.00 | 1.66 | 0.00 | 1.34 | 7.76 |
Firsthand Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Firsthand Technology otc fund to make a market-neutral strategy. Peer analysis of Firsthand Technology could also be used in its relative valuation, which is a method of valuing Firsthand Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Firsthand Technology Value?
Investing in delisted otcs can be risky, as the otc fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.