Up Fintech Correlations

TIGR Stock

USD 8.86 0.80 8.28%

The current 90-days correlation between Up Fintech Holding and Bit Digital is 0.33 (i.e., Weak diversification). The correlation of Up 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Up Fintech Correlation With Market

Significant diversification

The correlation between Up Fintech Holding and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Up Fintech Holding 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 Up 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 price.

Moving together with TIGR Stock

0.77	FUTU	Futu Holdings	Pair Corr
0.67	NMR	Nomura Holdings ADR	Pair Corr

Moving against TIGR Stock

0.56	ILLRW	Triller Group Symbol Change	Pair Corr
0.55	MEGL	Magic Empire Global	Pair Corr
0.48	LGHLW	Lion Financial Group	Pair Corr
0.44	EVR	Evercore Partners	Pair Corr
0.42	BTM	Bitcoin Depot	Pair Corr
0.36	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.6	GRYP	Gryphon Digital Mining Earnings Call This Week	Pair Corr
0.59	ZBAI	ATIF Holdings Limited Symbol Change	Pair Corr
0.58	FUFU	BitFuFu Class A	Pair Corr
0.58	WAI	Top KingWin Symbol Change	Pair Corr
0.53	HUT	Hut 8 Corp	Pair Corr
0.52	HIVE	HIVE Blockchain Tech	Pair Corr
0.46	JEF	Jefferies Financial	Pair Corr
0.45	GSIW	Garden Stage Limited	Pair Corr
0.37	TOP	Zhong Yang Financial	Pair Corr
0.33	RJF	Raymond James Financial	Pair Corr
0.32	PWP	Perella Weinberg Partners	Pair Corr
0.31	OPY	Oppenheimer Holdings	Pair Corr

Related Correlations Analysis

	BTBT	MARA	GHL	XP	BITF	RIOT	HUT	CLSK	FUTU	TW
BTBT		0.94	0.0	-0.69	0.52	0.95	0.98	0.59	-0.68	-0.46	BTBT
MARA	0.94		0.0	-0.65	0.48	0.89	0.93	0.55	-0.67	-0.46	MARA
GHL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GHL
XP	-0.69	-0.65	0.0		-0.77	-0.57	-0.7	-0.59	0.85	0.19	XP
BITF	0.52	0.48	0.0	-0.77		0.47	0.54	0.9	-0.57	-0.34	BITF
RIOT	0.95	0.89	0.0	-0.57	0.47		0.96	0.61	-0.55	-0.6	RIOT
HUT	0.98	0.93	0.0	-0.7	0.54	0.96		0.6	-0.7	-0.48	HUT
CLSK	0.59	0.55	0.0	-0.59	0.9	0.61	0.6		-0.39	-0.58	CLSK
FUTU	-0.68	-0.67	0.0	0.85	-0.57	-0.55	-0.7	-0.39		0.04	FUTU
TW	-0.46	-0.46	0.0	0.19	-0.34	-0.6	-0.48	-0.58	0.04		TW
	BTBT	MARA	GHL	XP	BITF	RIOT	HUT	CLSK	FUTU	TW

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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

HUT	+ 0.98	BTBT
HUT	+ 0.96	RIOT
RIOT	+ 0.95	BTBT
MARA	+ 0.94	BTBT
HUT	+ 0.93	MARA
CLSK	+ 0.9	BITF

High negative correlations

BITF	- 0.77	XP
FUTU	- 0.7	HUT
HUT	- 0.7	XP
XP	- 0.69	BTBT
FUTU	- 0.68	BTBT
FUTU	- 0.67	MARA

Risk-Adjusted Indicators

There is a big difference between TIGR Stock performing well and Up 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 Up 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
BTBT	4.15	(0.41)	0.00	0.54	0.00	0.00	7.49	(7.18)	33.99
MARA	3.69	(0.63)	0.00	1.73	0.00	0.00	8.23	(8.09)	30.41
GHL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XP	1.95	0.30	0.12	0.28	2.38	(2.14)	5.39	(3.06)	11.53
BITF	3.87	(0.78)	0.00	(0.72)	0.00	0.00	6.93	(8.87)	22.92
RIOT	4.03	(0.39)	0.00	0.87	0.00	0.00	8.06	(8.56)	33.41
HUT	4.14	(0.66)	0.00	(32.03)	0.00	0.00	10.06	(10.12)	36.19
CLSK	4.28	(0.49)	0.00	(0.36)	0.00	0.00	8.34	(8.41)	24.87
FUTU	3.49	0.40	0.14	(0.91)	3.20	(4.22)	9.01	(4.99)	18.54
TW	1.14	0.14	0.14	0.48	1.23	(1.20)	2.36	(2.16)	5.87

Up Fintech Corporate Management

Tianhua Wu	Chairman CEO	Profile
Aron Lee	Head IR	Profile
Clark Soucy	VP Strategy	Profile
Wei Wu	Global Officer	Profile
Fei Zeng	CFO Director	Profile

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