Futu Holdings Correlations

FUTU Stock

USD 84.00 0.22 0.26%

The current 90-days correlation between Futu Holdings and Xp Inc is 0.24 (i.e., Modest diversification). The correlation of Futu Holdings 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.

Futu Holdings Correlation With Market

Average diversification

The correlation between Futu Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Futu Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Futu Stock please use our How to Invest in Futu Holdings guide.

Moving together with Futu Stock

0.65	AC	Associated Capital	Pair Corr
0.65	BN	Brookfield Corp	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.76	DB	Deutsche Bank AG	Pair Corr
0.83	LU	Lufax Holding	Pair Corr
0.91	LX	Lexinfintech Holdings	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.8	TW	Tradeweb Markets	Pair Corr

Moving against Futu Stock

0.67	PT	Pintec Technology	Pair Corr
0.53	XP	Xp Inc	Pair Corr
0.49	RM	Regional Management Corp	Pair Corr
0.32	WU	Western Union	Pair Corr
0.71	BRACU	Broad Capital Acquisition	Pair Corr
0.53	PFTAU	Portage Fintech Acqu	Pair Corr
0.52	DISTW	Distoken Acquisition	Pair Corr
0.5	TETEW	Technology Telecommunicatio	Pair Corr
0.5	ECPG	Encore Capital Group	Pair Corr
0.39	BRKHW	BurTech Acquisition Corp	Pair Corr
0.36	BRKHU	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	BTBT	XP	MEGL	APLD	BITF	RIOT	MARA	HUT	CLSK	NCPL
BTBT		-0.5	0.24	0.51	0.67	0.9	0.86	0.82	0.93	-0.33	BTBT
XP	-0.5		-0.31	-0.62	0.0	-0.66	-0.57	-0.73	-0.48	0.57	XP
MEGL	0.24	-0.31		0.48	0.02	0.14	0.09	0.13	0.03	-0.51	MEGL
APLD	0.51	-0.62	0.48		0.04	0.51	0.46	0.54	0.37	-0.76	APLD
BITF	0.67	0.0	0.02	0.04		0.53	0.66	0.48	0.71	0.25	BITF
RIOT	0.9	-0.66	0.14	0.51	0.53		0.88	0.94	0.94	-0.36	RIOT
MARA	0.86	-0.57	0.09	0.46	0.66	0.88		0.86	0.93	-0.16	MARA
HUT	0.82	-0.73	0.13	0.54	0.48	0.94	0.86		0.86	-0.38	HUT
CLSK	0.93	-0.48	0.03	0.37	0.71	0.94	0.93	0.86		-0.11	CLSK
NCPL	-0.33	0.57	-0.51	-0.76	0.25	-0.36	-0.16	-0.38	-0.11		NCPL
	BTBT	XP	MEGL	APLD	BITF	RIOT	MARA	HUT	CLSK	NCPL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

HUT	+ 0.94	RIOT
CLSK	+ 0.94	RIOT
CLSK	+ 0.93	BTBT
CLSK	+ 0.93	MARA
RIOT	+ 0.9	BTBT
MARA	+ 0.88	RIOT

High negative correlations

NCPL	- 0.76	APLD
HUT	- 0.73	XP
RIOT	- 0.66	XP
APLD	- 0.62	XP
MARA	- 0.57	XP
NCPL	- 0.51	MEGL

Risk-Adjusted Indicators

There is a big difference between Futu Stock performing well and Futu Holdings 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 Futu Holdings' 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
BTBT	5.03	(0.11)	0.06	0.10	5.51	(5.64)	11.28	(8.01)	42.28
XP	1.64	(0.34)	0.00	(0.52)	0.00	0.00	3.36	(3.95)	11.12
MEGL	4.23	0.16	0.02	0.31	4.27	(6.61)	11.11	(6.78)	30.98
APLD	7.43	1.54	0.27	0.64	5.92	(9.16)	11.30	(8.85)	81.01
BITF	4.64	(0.46)	(0.01)	0.01	5.12	(5.54)	10.16	(7.05)	33.47
RIOT	4.05	0.21	0.13	0.16	4.55	(4.50)	8.66	(6.31)	38.48
MARA	4.86	0.26	0.15	0.17	4.54	(6.37)	11.02	(8.26)	43.97
HUT	4.76	0.93	0.26	0.35	4.27	(5.47)	11.05	(6.95)	32.14
CLSK	5.49	(0.11)	0.09	0.10	5.35	(7.07)	12.72	(7.82)	44.80
NCPL	4.83	(0.90)	0.00	(0.44)	0.00	0.00	8.53	(13.88)	42.22

Futu Holdings Corporate Management

Hua Li	Chairman Founder	Profile
Yu Chen	Chief Officer	Profile
ChingYee Poon	Head Compliance	Profile
Daniel Yuan	Chief Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC