FutureNet Correlations
| FUUN Stock | USD 0.01 0.00 0.00% |
The current 90-days correlation between FutureNet and XTM Inc is 0.01 (i.e., Significant diversification). 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
Good diversification
The correlation between FutureNet and DJI is -0.18 (i.e., Good 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.
FutureNet |
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
| 0.62 | FISV | Fiserv Common Stock Symbol Change | PairCorr |
Moving against FutureNet Pink Sheet
| 0.67 | IBM | International Business | PairCorr |
| 0.5 | CGEMY | Capgemini SE ADR | PairCorr |
| 0.48 | CTSH | Cognizant Technology | PairCorr |
| 0.46 | CAPMF | Capgemini SE | PairCorr |
| 0.45 | INFY | Infosys Ltd ADR Buyout Trend | PairCorr |
| 0.41 | PBCRF | PT Bank Central Earnings Call This Week | PairCorr |
| 0.35 | ACN | Accenture plc | PairCorr |
| 0.35 | NECPY | NEC ADR | PairCorr |
| 0.33 | CICHF | China Construction Bank | PairCorr |
| 0.31 | NCRRP | NCR Corp Pref | PairCorr |
| 0.63 | JOE | St Joe Company | PairCorr |
| 0.56 | DNGFF | Dongfang Electric | PairCorr |
| 0.53 | OXBC | Oxford Bank | PairCorr |
| 0.5 | BTI | British American Tobacco | PairCorr |
| 0.5 | LOCO | El Pollo Loco | PairCorr |
| 0.45 | IAS | Integral Ad Science | PairCorr |
| 0.42 | PAOG | Pao Group | PairCorr |
| 0.4 | RIVN | Rivian Automotive | PairCorr |
| 0.37 | SSEA | Starry Sea Acquisition | PairCorr |
| 0.37 | BHFAO | Brighthouse Financial | PairCorr |
| 0.36 | ALB | Albemarle Corp | PairCorr |
| 0.35 | MIELF | Mitsubishi Electric | PairCorr |
| 0.58 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.48 | FSK | FS KKR Capital | PairCorr |
| 0.42 | IDAI | Trust Stamp | PairCorr |
| 0.4 | UOLGY | UOL Group | PairCorr |
| 0.39 | LNC | Lincoln National | PairCorr |
| 0.39 | LUMN | Lumen Technologies | PairCorr |
Related Correlations Analysis
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
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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 | 10.13 | 1.88 | 0.09 | 2.84 | 10.51 | 43.02 | 125.41 | |||
| KNRLF | 4.03 | (0.36) | 0.00 | (0.66) | 0.00 | 10.91 | 32.12 | |||
| VSSSF | 0.84 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 53.67 | |||
| CDTAF | 5.62 | (0.06) | 0.00 | 0.07 | 6.57 | 11.38 | 56.27 | |||
| ZUKI | 8.73 | 1.67 | 0.15 | 0.79 | 8.25 | 23.84 | 77.35 | |||
| ATCH | 3.67 | (0.83) | 0.00 | (0.25) | 0.00 | 7.69 | 23.50 | |||
| SUIC | 3.80 | (0.27) | 0.00 | 0.24 | 0.00 | 2.08 | 66.85 | |||
| TKOI | 10.36 | 2.18 | 0.26 | 0.47 | 8.73 | 27.59 | 121.39 | |||
| ZTLLF | 0.79 | 0.04 | 0.00 | 0.03 | 0.00 | 0.00 | 43.87 | |||
| PTOP | 13.14 | 2.04 | 0.10 | (1.02) | 12.99 | 34.83 | 184.26 |
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.Did you try this?
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