Firefly Neuroscience Correlations
| AIFF Stock | 1.12 0.05 4.67% |
The current 90-days correlation between Firefly Neuroscience and ConnectM Technology Solutions is -0.03 (i.e., Good diversification). The correlation of Firefly Neuroscience 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.
Firefly Neuroscience Correlation With Market
Significant diversification
The correlation between Firefly Neuroscience and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firefly Neuroscience and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Firefly Stock
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Moving against Firefly Stock
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| 0.33 | HYFT | ImmunoPrecise Antibodies Symbol Change | PairCorr |
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| 0.7 | SAR | Saratoga Investment Corp | PairCorr |
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| 0.5 | WMT | Walmart Common Stock | PairCorr |
| 0.36 | DTL | Data 3 | PairCorr |
Related Correlations Analysis
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 Firefly Stock performing well and Firefly Neuroscience 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 Firefly Neuroscience'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNTM | 8.67 | 1.09 | 0.09 | 1.42 | 8.88 | 22.73 | 54.57 | |||
| NTCL | 5.86 | (1.36) | 0.00 | (0.79) | 0.00 | 6.31 | 62.86 | |||
| NXPL | 4.20 | (0.42) | 0.00 | (0.09) | 0.00 | 9.43 | 28.43 | |||
| SAGT | 3.66 | 0.03 | 0.00 | 0.03 | 0.00 | 5.58 | 29.68 | |||
| VEEA | 6.07 | (0.54) | 0.00 | (0.07) | 0.00 | 14.29 | 34.60 | |||
| ANY | 4.77 | (1.44) | 0.00 | (0.76) | 0.00 | 9.09 | 31.58 | |||
| MNDO | 1.57 | 0.19 | 0.05 | 1.36 | 1.61 | 5.77 | 14.13 | |||
| CXAI | 4.88 | (1.43) | 0.00 | (0.47) | 0.00 | 10.00 | 36.84 | |||
| ARBE | 4.78 | (0.91) | 0.00 | (0.18) | 0.00 | 9.71 | 30.17 | |||
| RMSG | 4.99 | (0.25) | 0.00 | (0.71) | 0.00 | 10.13 | 65.55 |