FMTO New Correlations
| FMTO Stock | 3.53 0.82 18.85% |
The current 90-days correlation between FMTO New and N2OFF Inc is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FMTO New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FMTO New moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FMTO New Correlation With Market
Average diversification
The correlation between FMTO New and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FMTO New and DJI in the same portfolio, assuming nothing else is changed.
Moving together with FMTO Stock
Moving against FMTO Stock
| 0.76 | CAT | Caterpillar | PairCorr |
| 0.73 | MMM | 3M Company | PairCorr |
| 0.71 | AXP | American Express | PairCorr |
| 0.69 | IBM | International Business | PairCorr |
| 0.67 | DD | Dupont De Nemours | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.58 | BAC | Bank of America | PairCorr |
| 0.45 | MCD | McDonalds | PairCorr |
| 0.45 | AA | Alcoa Corp | PairCorr |
| 0.36 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.83 | 0.78 | -0.78 | 0.0 | 0.0 | NITO | ||
| 0.83 | 0.77 | -0.49 | 0.0 | 0.0 | BHIL | ||
| 0.78 | 0.77 | -0.66 | 0.0 | 0.0 | YTEN | ||
| -0.78 | -0.49 | -0.66 | 0.0 | 0.0 | HYMC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BYU | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | KMCM | ||
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 FMTO Stock performing well and FMTO New 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 FMTO New'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NITO | 4.00 | (1.16) | 0.00 | (0.81) | 0.00 | 8.09 | 30.79 | |||
| BHIL | 24.04 | 1.88 | 0.05 | (0.19) | 25.61 | 71.43 | 231.55 | |||
| YTEN | 29.37 | 10.39 | 0.28 | (0.52) | 18.79 | 69.23 | 650.00 | |||
| HYMC | 5.42 | 2.29 | 0.40 | 3.10 | 4.32 | 11.98 | 57.36 | |||
| BYU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KMCM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
FMTO New 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 FMTO New stock to make a market-neutral strategy. Peer analysis of FMTO New could also be used in its relative valuation, which is a method of valuing FMTO New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FMTO New Corporate Executives
Elected by the shareholders, the FMTO New's board of directors comprises two types of representatives: FMTO New inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FMTO. The board's role is to monitor FMTO New's management team and ensure that shareholders' interests are well served. FMTO New's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FMTO New's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gabriel CPA | Secretary CFO | Profile | |
| Avner Tal | CTO Marketing | Profile |