BitFuFu Correlations

FUFU Stock

3.04 0.00 0.00%

The current 90-days correlation between BitFuFu Class A and Northpointe Bancshares is 0.33 (i.e., Weak diversification). The correlation of BitFuFu 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.

BitFuFu Correlation With Market

Average diversification

The correlation between BitFuFu Class A and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BitFuFu Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BitFuFu Stock

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

Moving together with BitFuFu Stock

0.82	DT	Dynatrace Holdings LLC	Pair Corr
0.84	JG	Aurora Mobile	Pair Corr
0.93	VS	Versus Systems	Pair Corr
0.85	DOMO	Domo Inc	Pair Corr
0.82	002410	Glodon Software	Pair Corr
0.91	VRAR	Glimpse Group Tech Boost	Pair Corr
0.84	MSFT	Microsoft Corp CDR	Pair Corr
0.77	WDAY	Workday	Pair Corr
0.88	AUR	Aurora Innovation Buyout Trend	Pair Corr
0.85	688590	Shanghai Newtouch	Pair Corr
0.92	BSY	Bentley Systems	Pair Corr
0.85	PTC	PTC Inc	Pair Corr
0.79	RXT	Rackspace Technology	Pair Corr
0.86	SAP	SAP SE ADR	Pair Corr
0.9	TTD	Trade Desk	Pair Corr
0.81	TYL	Tyler Technologies	Pair Corr

Moving against BitFuFu Stock

0.87	FRGE	Forge Global Holdings	Pair Corr
0.78	TTGI	Turnium Technology	Pair Corr
0.75	DAY	Dayforce	Pair Corr
0.72	U	Unity Software	Pair Corr
0.6	ZM	Zoom Video Communications	Pair Corr
0.37	FICO	Fair Isaac	Pair Corr
0.34	EGHT	8x8 Common Stock	Pair Corr
0.31	WALD	Waldencast Acquisition	Pair Corr
0.87	MTC	MMTEC Inc	Pair Corr
0.77	YOU	Clear Secure	Pair Corr
0.74	LAW	CS Disco LLC	Pair Corr
0.44	300659	Zhongfu Information	Pair Corr
0.32	RNG	Ringcentral	Pair Corr

Related Correlations Analysis

	NPB	CCAP	ALRS	AXG	GAIN	SHBI	DGICA	BWB	PRAA	DEFT
NPB		0.36	0.53	0.08	0.21	0.64	0.45	0.7	0.41	-0.12	NPB
CCAP	0.36		0.76	0.32	0.66	0.72	0.41	0.74	0.62	-0.41	CCAP
ALRS	0.53	0.76		0.15	0.49	0.83	0.66	0.88	0.73	-0.53	ALRS
AXG	0.08	0.32	0.15		0.32	0.29	0.17	0.13	0.37	-0.31	AXG
GAIN	0.21	0.66	0.49	0.32		0.55	0.39	0.42	0.53	-0.39	GAIN
SHBI	0.64	0.72	0.83	0.29	0.55		0.82	0.86	0.84	-0.72	SHBI
DGICA	0.45	0.41	0.66	0.17	0.39	0.82		0.69	0.78	-0.75	DGICA
BWB	0.7	0.74	0.88	0.13	0.42	0.86	0.69		0.65	-0.44	BWB
PRAA	0.41	0.62	0.73	0.37	0.53	0.84	0.78	0.65		-0.85	PRAA
DEFT	-0.12	-0.41	-0.53	-0.31	-0.39	-0.72	-0.75	-0.44	-0.85		DEFT
	NPB	CCAP	ALRS	AXG	GAIN	SHBI	DGICA	BWB	PRAA	DEFT

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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

BWB	+ 0.88	ALRS
BWB	+ 0.86	SHBI
PRAA	+ 0.84	SHBI
SHBI	+ 0.83	ALRS
DGICA	+ 0.82	SHBI
PRAA	+ 0.78	DGICA

High negative correlations

DEFT	- 0.85	PRAA
DEFT	- 0.75	DGICA
DEFT	- 0.72	SHBI
DEFT	- 0.53	ALRS
DEFT	- 0.44	BWB
DEFT	- 0.41	CCAP

Risk-Adjusted Indicators

There is a big difference between BitFuFu Stock performing well and BitFuFu 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 BitFuFu'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
NPB	1.26	(0.04)	0.00	(0.30)	0.00	0.00	3.35	(3.79)	7.51
CCAP	1.24	(0.01)	0.00	0.06	1.46	(1.33)	2.54	(2.33)	8.19
ALRS	1.23	0.04	0.03	0.10	1.17	(1.69)	2.92	(2.24)	6.52
AXG	4.10	0.63	0.13	1.50	3.85	(5.03)	9.57	(6.31)	22.90
GAIN	0.71	0.03	(0.04)	0.29	0.90	(0.75)	1.39	(1.29)	5.07
SHBI	1.22	0.08	0.02	0.34	1.49	(1.29)	3.11	(2.82)	10.03
DGICA	0.97	0.01	(0.04)	0.11	1.16	(1.00)	1.99	(1.86)	5.91
BWB	1.44	(0.05)	(0.01)	0.04	1.67	(1.59)	3.50	(2.86)	9.89
PRAA	2.17	0.14	0.06	0.16	2.97	(2.31)	5.13	(4.65)	17.85
DEFT	5.09	(1.37)	0.00	(0.22)	0.00	0.00	9.46	(9.89)	36.00

BitFuFu Corporate Executives

Elected by the shareholders, the BitFuFu's board of directors comprises two types of representatives: BitFuFu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BitFuFu. The board's role is to monitor BitFuFu's management team and ensure that shareholders' interests are well served. BitFuFu'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, BitFuFu's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Carol Zhong	COO	Profile
	Alex Fan	CTO	Profile

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