Fitell Ordinary Correlations

FTEL Stock

1.99 0.05 2.58%

The current 90-days correlation between Fitell Ordinary and Jowell Global is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fitell Ordinary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fitell Ordinary moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fitell Ordinary Correlation With Market

Pay attention - limited upside

The correlation between Fitell Ordinary and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fitell Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fitell Stock

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

For more information on how to buy Fitell Stock please use our How to buy in Fitell Stock guide.

Moving together with Fitell Stock

0.74	7G9	PETCO HEALTH CLA	Pair Corr
0.66	WOOF	Pet Acquisition LLC	Pair Corr
0.76	1MTA	Matas AS	Pair Corr
0.9	BUY	Best Buy	Pair Corr

Moving against Fitell Stock

0.81	HZO	MarineMax	Pair Corr
0.79	FIVE	Five Below	Pair Corr
0.78	UKC	CASH VERTERS INTL	Pair Corr
0.77	ASO	Academy Sports Outdoors	Pair Corr
0.74	MLW	MarineMax	Pair Corr
0.65	CWB	Currys PLC	Pair Corr
0.6	WRBY	Warby Parker	Pair Corr
0.59	WINA	Winmark	Pair Corr
0.56	ELA	Envela Corp	Pair Corr
0.53	FPW	Build A Bear	Pair Corr
0.53	FLWS	1 800 FLOWERSCOM	Pair Corr
0.46	BBW	Build A Bear	Pair Corr
0.38	GS2C	GameStop Corp	Pair Corr
0.37	769	MOONPIG GROUP PLC	Pair Corr
0.32	21Q	WH Smith PLC	Pair Corr
0.84	YME	Yamada Holdings	Pair Corr
0.79	1U3	Bic Camera	Pair Corr
0.78	91N0	DADELO SA ZY	Pair Corr
0.76	6F1	Five Below	Pair Corr
0.75	AVOL	Avolta AG	Pair Corr
0.69	RS1	RH Inc	Pair Corr
0.66	YAAA	Canadian TireLimited	Pair Corr
0.57	ALEMV	Emova Group SA	Pair Corr
0.55	ATD	Alimentation Couchen Tard	Pair Corr
0.47	FSF	Fastned BV	Pair Corr
0.42	GBT	BMTC Group	Pair Corr
0.4	SBH	Sally Beauty Holdings	Pair Corr

Related Correlations Analysis

	JWEL	NAAS	WBUY	JFBR	NVVE	ECDA	TRNR	EJH	BQ	WNW
JWEL		0.16	0.08	-0.1	-0.06	-0.31	-0.05	-0.18	-0.08	-0.39	JWEL
NAAS	0.16		0.45	0.73	0.64	0.65	0.83	0.59	0.78	-0.09	NAAS
WBUY	0.08	0.45		0.49	0.28	0.35	0.47	0.29	0.47	0.08	WBUY
JFBR	-0.1	0.73	0.49		0.78	0.88	0.91	0.41	0.69	-0.13	JFBR
NVVE	-0.06	0.64	0.28	0.78		0.76	0.83	0.39	0.47	-0.13	NVVE
ECDA	-0.31	0.65	0.35	0.88	0.76		0.92	0.39	0.55	-0.07	ECDA
TRNR	-0.05	0.83	0.47	0.91	0.83	0.92		0.48	0.68	-0.14	TRNR
EJH	-0.18	0.59	0.29	0.41	0.39	0.39	0.48		0.5	0.29	EJH
BQ	-0.08	0.78	0.47	0.69	0.47	0.55	0.68	0.5		-0.04	BQ
WNW	-0.39	-0.09	0.08	-0.13	-0.13	-0.07	-0.14	0.29	-0.04		WNW
	JWEL	NAAS	WBUY	JFBR	NVVE	ECDA	TRNR	EJH	BQ	WNW

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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

TRNR	+ 0.92	ECDA
TRNR	+ 0.91	JFBR
ECDA	+ 0.88	JFBR
TRNR	+ 0.83	NAAS
TRNR	+ 0.83	NVVE
BQ	+ 0.78	NAAS

High negative correlations

WNW	- 0.39	JWEL
ECDA	- 0.31	JWEL
EJH	- 0.18	JWEL
WNW	- 0.14	TRNR
WNW	- 0.13	NVVE
WNW	- 0.13	JFBR

Risk-Adjusted Indicators

There is a big difference between Fitell Stock performing well and Fitell Ordinary 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 Fitell Ordinary'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
JWEL	2.82	0.59	0.16	5.14	2.66	(3.91)	9.57	(5.58)	24.83
NAAS	2.54	(0.53)	0.00	(0.33)	0.00	0.00	7.12	(5.62)	27.17
WBUY	8.87	0.35	0.03	2.49	10.59	(12.07)	22.73	(17.02)	153.14
JFBR	8.87	(1.35)	0.00	(2.67)	0.00	0.00	13.75	(17.78)	166.56
NVVE	13.21	0.28	0.00	0.00	12.91	(24.25)	34.19	(22.46)	250.51
ECDA	11.95	(5.47)	0.00	(4.62)	0.00	0.00	17.65	(27.61)	138.90
TRNR	5.90	(2.71)	0.00	(1.20)	0.00	0.00	15.56	(15.69)	40.82
EJH	5.32	(0.30)	0.00	(0.09)	0.00	0.00	10.87	(10.34)	40.85
BQ	4.73	(0.82)	0.00	(0.21)	0.00	0.00	12.61	(12.18)	57.14
WNW	4.09	0.02	0.00	0.03	0.00	0.00	11.72	(9.70)	26.24

Fitell Ordinary Corporate Management

Jamarson Kong	Company Officer	Profile
Jack Zeng	Head Ltd	Profile
Cailen Sullivan	Company Secretary	Profile
Chun Tam	Chief Officer	Profile
David Swaney	Company Secretary	Profile

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