BitFuFu Warrant Correlations
| FUFUW Stock | 0.42 0.03 6.67% |
The current 90-days correlation between BitFuFu Warrant and WiMi Hologram Cloud is -0.09 (i.e., Good diversification). The correlation of BitFuFu Warrant 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 Warrant Correlation With Market
Significant diversification
The correlation between BitFuFu Warrant and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BitFuFu Warrant and DJI in the same portfolio, assuming nothing else is changed.
BitFuFu |
Moving against BitFuFu Stock
| 0.49 | SCHW-PJ | Charles Schwab | PairCorr |
| 0.48 | MS-PO | Morgan Stanley | PairCorr |
| 0.44 | MS-PL | Morgan Stanley | PairCorr |
| 0.42 | SF-PC | Stifel Financial Corp | PairCorr |
| 0.42 | MS-PQ | Morgan Stanley | PairCorr |
| 0.45 | CB | Chubb | PairCorr |
| 0.42 | EG | Everest Group | PairCorr |
| 0.41 | LU | Lufax Holding | PairCorr |
Related Correlations Analysis
| -0.12 | -0.64 | 0.14 | -0.53 | TFII | ||
| -0.12 | 0.07 | -0.96 | -0.01 | UAL | ||
| -0.64 | 0.07 | 0.0 | 0.82 | IH | ||
| 0.14 | -0.96 | 0.0 | 0.11 | TRMD | ||
| -0.53 | -0.01 | 0.82 | 0.11 | WIMI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between BitFuFu Stock performing well and BitFuFu Warrant 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 Warrant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TFII | 1.33 | (0.19) | (0.06) | 0.01 | 1.53 | 2.49 | 12.09 | |||
| UAL | 2.00 | 1.06 | 0.76 | 0.65 | 0.48 | 6.47 | 16.43 | |||
| IH | 2.68 | (0.15) | 0.00 | (0.03) | 0.00 | 6.16 | 22.95 | |||
| TRMD | 1.72 | (0.80) | 0.00 | (1.06) | 0.00 | 2.54 | 12.22 | |||
| WIMI | 3.51 | (0.24) | 0.00 | (0.40) | 0.00 | 8.42 | 26.90 |
BitFuFu Warrant Corporate Executives
Elected by the shareholders, the BitFuFu Warrant's board of directors comprises two types of representatives: BitFuFu Warrant 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 Warrant's management team and ensure that shareholders' interests are well served. BitFuFu Warrant'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 Warrant's outside directors are responsible for providing unbiased perspectives on the board's policies.