FatPipe Common Correlations

FATN Stock

2.12 0.11 4.93%

The current 90-days correlation between FatPipe Common Stock and Katapult Holdings is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FatPipe Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FatPipe Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FatPipe Common Correlation With Market

Modest diversification

The correlation between FatPipe Common Stock and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FatPipe Common Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FatPipe Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FatPipe Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with FatPipe Stock

0.73	002410	Glodon Software	Pair Corr
0.87	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.81	688590	Shanghai Newtouch	Pair Corr
0.89	BSY	Bentley Systems	Pair Corr
0.91	PTC	PTC Inc	Pair Corr
0.9	SAP	SAP SE ADR	Pair Corr
0.91	TTD	Trade Desk Sell-off Trend	Pair Corr
0.85	TYL	Tyler Technologies	Pair Corr
0.79	GWRE	Guidewire Software	Pair Corr
0.78	EVPL	Everplay Group PLC	Pair Corr
0.78	300378	Digiwin Software	Pair Corr
0.74	002232	Qiming Information	Pair Corr
0.8	002657	Sinodata	Pair Corr
0.77	ALFA	Alfa Financial Software	Pair Corr
0.77	600536	China National Software	Pair Corr
0.83	688588	Linkage Software	Pair Corr
0.71	688232	Guotai Epoint Software	Pair Corr
0.61	300496	Thunder Software Tec	Pair Corr

Moving against FatPipe Stock

0.82	DBD	Diebold Nixdorf	Pair Corr
0.53	ZM	Zoom Video Communications	Pair Corr
0.44	300659	Zhongfu Information	Pair Corr
0.56	300520	GuoChuang Software	Pair Corr
0.51	688109	Hangzhou Pinming Software	Pair Corr
0.41	603636	Linewell Software	Pair Corr
0.4	688229	Bonree Data Technology	Pair Corr
0.4	603171	Servyou Software	Pair Corr
0.75	LNDNF	Lundin Energy AB	Pair Corr
0.68	688227	Bingo Software	Pair Corr
0.62	SFT	Software Circle plc	Pair Corr
0.51	CGNT	Cognyte Software	Pair Corr

Related Correlations Analysis

	KPLT	MCRP	NUKK	SNCR	AISP	KNRX	UPLD	NOTE	DSWL	UBXG
KPLT		0.68	0.75	-0.43	0.91	0.67	0.85	0.94	-0.05	-0.12	KPLT
MCRP	0.68		0.47	-0.27	0.59	0.16	0.56	0.65	-0.34	0.01	MCRP
NUKK	0.75	0.47		-0.44	0.86	0.64	0.88	0.82	-0.06	0.0	NUKK
SNCR	-0.43	-0.27	-0.44		-0.53	-0.49	-0.7	-0.62	-0.18	-0.22	SNCR
AISP	0.91	0.59	0.86	-0.53		0.78	0.93	0.96	0.06	-0.04	AISP
KNRX	0.67	0.16	0.64	-0.49	0.78		0.77	0.73	0.39	-0.26	KNRX
UPLD	0.85	0.56	0.88	-0.7	0.93	0.77		0.95	0.11	-0.03	UPLD
NOTE	0.94	0.65	0.82	-0.62	0.96	0.73	0.95		-0.01	0.01	NOTE
DSWL	-0.05	-0.34	-0.06	-0.18	0.06	0.39	0.11	-0.01		-0.46	DSWL
UBXG	-0.12	0.01	0.0	-0.22	-0.04	-0.26	-0.03	0.01	-0.46		UBXG
	KPLT	MCRP	NUKK	SNCR	AISP	KNRX	UPLD	NOTE	DSWL	UBXG

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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

NOTE	+ 0.96	AISP
NOTE	+ 0.95	UPLD
NOTE	+ 0.94	KPLT
UPLD	+ 0.93	AISP
AISP	+ 0.91	KPLT
UPLD	+ 0.88	NUKK

High negative correlations

UPLD	- 0.7	SNCR
NOTE	- 0.62	SNCR
AISP	- 0.53	SNCR
KNRX	- 0.49	SNCR
UBXG	- 0.46	DSWL
SNCR	- 0.44	NUKK

Risk-Adjusted Indicators

There is a big difference between FatPipe Stock performing well and FatPipe Common 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 FatPipe Common'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
KPLT	3.79	(0.82)	0.00	(1.41)	0.00	0.00	5.12	(9.55)	41.77
MCRP	8.46	0.66	0.11	0.20	9.10	(9.84)	24.75	(14.29)	67.35
NUKK	6.93	(0.94)	0.00	(0.28)	0.00	0.00	19.58	(14.27)	50.49
SNCR	3.47	0.81	0.23	0.60	2.73	(4.00)	6.21	(6.30)	66.10
AISP	4.11	(1.31)	0.00	(0.29)	0.00	0.00	7.61	(8.70)	24.40
KNRX	4.15	(1.03)	0.00	(0.66)	0.00	0.00	8.00	(10.26)	32.65
UPLD	2.49	(0.79)	0.00	(0.49)	0.00	0.00	5.23	(6.10)	13.32
NOTE	3.81	(1.88)	0.00	(0.63)	0.00	0.00	6.73	(8.15)	15.73
DSWL	2.10	(0.07)	0.00	0.40	0.00	0.00	5.17	(5.37)	17.72
UBXG	2.96	0.11	0.03	0.21	3.31	(3.25)	6.18	(5.45)	25.82

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