FutureNet Correlations

FUUN Stock

USD 0.02 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FutureNet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FutureNet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FutureNet Correlation With Market

Very weak diversification

The correlation between FutureNet and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FutureNet and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FutureNet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FutureNet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FutureNet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FutureNet to buy it.

Moving together with FutureNet Pink Sheet

0.86	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.88	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.78	RCKY	Rocky Brands	Pair Corr
0.78	APETF	Alpha Esports Tech	Pair Corr
0.76	YLLXF	Yellow Cake plc	Pair Corr
0.72	AROC	Archrock Symbol Change	Pair Corr
0.81	TFLM	TFLM	Pair Corr
0.72	NFG	National Fuel Gas	Pair Corr
0.66	SECVY	Seche Environnement	Pair Corr
0.71	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.73	RILYL	B Riley Financial	Pair Corr
0.72	THO	Thor Industries	Pair Corr
0.79	ENS	Enersys Earnings Call This Week	Pair Corr

Moving against FutureNet Pink Sheet

0.86	FIS	Fidelity National	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr
0.43	BROGF	BROGF	Pair Corr
0.36	CGEMY	Capgemini SE ADR Earnings Call This Week	Pair Corr
0.36	PBCRF	PT Bank Central	Pair Corr
0.33	IBM	International Business	Pair Corr
0.43	IVVD	Invivyd	Pair Corr
0.4	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	XTMIF	KNRLF	VSSSF	CDTAF	ZUKI	ATCH	SUIC	TKOI	ZTLLF	PTOP
XTMIF		0.26	-0.46	0.0	0.11	-0.15	-0.19	0.07	0.24	0.15	XTMIF
KNRLF	0.26		0.42	0.57	-0.53	0.37	0.04	0.58	0.84	0.67	KNRLF
VSSSF	-0.46	0.42		0.48	-0.48	0.69	0.19	0.59	0.46	0.56	VSSSF
CDTAF	0.0	0.57	0.48		-0.4	0.53	0.19	0.57	0.63	0.67	CDTAF
ZUKI	0.11	-0.53	-0.48	-0.4		-0.4	-0.21	-0.5	-0.65	-0.45	ZUKI
ATCH	-0.15	0.37	0.69	0.53	-0.4		0.13	0.57	0.39	0.53	ATCH
SUIC	-0.19	0.04	0.19	0.19	-0.21	0.13		-0.03	0.18	0.25	SUIC
TKOI	0.07	0.58	0.59	0.57	-0.5	0.57	-0.03		0.67	0.63	TKOI
ZTLLF	0.24	0.84	0.46	0.63	-0.65	0.39	0.18	0.67		0.76	ZTLLF
PTOP	0.15	0.67	0.56	0.67	-0.45	0.53	0.25	0.63	0.76		PTOP
	XTMIF	KNRLF	VSSSF	CDTAF	ZUKI	ATCH	SUIC	TKOI	ZTLLF	PTOP

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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

ZTLLF	+ 0.84	KNRLF
PTOP	+ 0.76	ZTLLF
ATCH	+ 0.69	VSSSF
PTOP	+ 0.67	KNRLF
PTOP	+ 0.67	CDTAF
ZTLLF	+ 0.67	TKOI

High negative correlations

ZTLLF	- 0.65	ZUKI
ZUKI	- 0.53	KNRLF
TKOI	- 0.5	ZUKI
ZUKI	- 0.48	VSSSF
VSSSF	- 0.46	XTMIF
PTOP	- 0.45	ZUKI

Risk-Adjusted Indicators

There is a big difference between FutureNet Pink Sheet performing well and FutureNet 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 FutureNet'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
XTMIF	6.99	0.36	0.01	(0.16)	10.02	(17.99)	18.52	(26.52)	80.17
KNRLF	3.72	(0.24)	0.00	(0.19)	0.00	0.00	10.91	(11.29)	32.12
VSSSF	0.82	(0.47)	0.00	(0.91)	0.00	0.00	0.00	0.00	27.59
CDTAF	4.37	(0.31)	0.00	(0.13)	0.00	0.00	8.97	(10.46)	56.27
ZUKI	7.47	0.81	0.06	1.47	8.30	(13.19)	23.75	(19.00)	59.60
ATCH	3.53	(0.59)	0.00	(0.17)	0.00	0.00	8.70	(8.57)	23.25
SUIC	3.21	0.47	0.00	(0.03)	6.12	(35.40)	0.00	(15.79)	62.50
TKOI	8.35	(0.31)	0.00	(0.08)	0.00	0.00	22.13	(17.57)	92.58
ZTLLF	0.77	(0.38)	0.00	1.13	0.00	0.00	0.00	0.00	17.95
PTOP	7.61	(0.24)	0.00	0.28	0.00	0.00	23.80	(20.06)	75.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in FutureNet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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