FutureNet Correlations

FUUN Stock

USD 0.01 0.00 0.00%

The current 90-days correlation between FutureNet and XTM Inc is 0.03 (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 -0.01 (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.

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

0.66

FISV

Fiserv, Common Stock Symbol Change

Pair Corr

Moving against FutureNet Pink Sheet

0.65	IBM	International Business	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.55	CTSH	Cognizant Technology	Pair Corr
0.52	FEMY	Femasys	Pair Corr
0.51	NECPY	NEC ADR	Pair Corr
0.5	INFY	Infosys Ltd ADR	Pair Corr
0.5	ATRO	Astronics	Pair Corr
0.49	CGEMY	Capgemini SE ADR	Pair Corr
0.46	ADC	Agree Realty	Pair Corr
0.44	CAPMF	Capgemini SE	Pair Corr
0.42	PII	Polaris Industries	Pair Corr
0.37	ACN	Accenture plc Sell-off Trend	Pair Corr
0.36	DDS	Dillards,	Pair Corr
0.33	NCRRP	NCR Corp Pref	Pair Corr
0.31	IDN	Intellicheck Mobilisa	Pair Corr
0.72	AAPL	Apple Inc	Pair Corr
0.7	GM	General Motors	Pair Corr
0.63	DNGFF	Dongfang ElectricLimited	Pair Corr
0.62	EOLS	Evolus Inc	Pair Corr
0.6	STAG	STAG Industrial	Pair Corr
0.59	KYOCF	Kyocera	Pair Corr
0.56	EGP	EastGroup Properties	Pair Corr
0.55	HE	Hawaiian Electric	Pair Corr
0.53	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	XTMIF	KNRLF	VSSSF	CDTAF	ZUKI	ATCH	SUIC	TKOI	ZTLLF	PTOP
XTMIF		0.54	-0.3	0.36	-0.45	0.47	0.19	-0.14	0.44	0.4	XTMIF
KNRLF	0.54		-0.82	0.35	-0.8	0.61	0.28	-0.66	0.04	0.22	KNRLF
VSSSF	-0.3	-0.82		-0.25	0.85	-0.62	-0.36	0.76	0.23	0.04	VSSSF
CDTAF	0.36	0.35	-0.25		-0.19	0.1	0.23	0.16	0.52	0.38	CDTAF
ZUKI	-0.45	-0.8	0.85	-0.19		-0.63	-0.21	0.7	0.1	0.0	ZUKI
ATCH	0.47	0.61	-0.62	0.1	-0.63		0.26	-0.59	-0.19	0.17	ATCH
SUIC	0.19	0.28	-0.36	0.23	-0.21	0.26		-0.18	0.04	0.14	SUIC
TKOI	-0.14	-0.66	0.76	0.16	0.7	-0.59	-0.18		0.64	0.2	TKOI
ZTLLF	0.44	0.04	0.23	0.52	0.1	-0.19	0.04	0.64		0.42	ZTLLF
PTOP	0.4	0.22	0.04	0.38	0.0	0.17	0.14	0.2	0.42		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

ZUKI	+ 0.85	VSSSF
TKOI	+ 0.76	VSSSF
TKOI	+ 0.7	ZUKI
ZTLLF	+ 0.64	TKOI
ATCH	+ 0.61	KNRLF
KNRLF	+ 0.54	XTMIF

High negative correlations

VSSSF	- 0.82	KNRLF
ZUKI	- 0.8	KNRLF
TKOI	- 0.66	KNRLF
ATCH	- 0.63	ZUKI
ATCH	- 0.62	VSSSF
TKOI	- 0.59	ATCH

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	7.39	0.26	0.01	(0.91)	10.17	(27.34)	18.52	(26.52)	125.41
KNRLF	3.95	(0.60)	0.00	(0.25)	0.00	0.00	10.61	(11.29)	32.12
VSSSF	0.78	0.40	0.00	(2.11)	0.00	0.00	0.00	0.00	26.09
CDTAF	6.07	0.48	0.06	0.43	6.97	(7.72)	14.33	(11.38)	56.27
ZUKI	8.99	1.82	0.16	0.83	8.13	(14.81)	28.53	(14.51)	77.35
ATCH	6.77	(0.50)	0.00	(0.47)	0.00	0.00	13.16	(10.34)	97.64
SUIC	10.10	1.46	0.05	0.36	13.25	(32.05)	48.48	(22.00)	119.18
TKOI	10.59	3.11	0.37	0.47	7.59	(14.47)	28.00	(15.35)	109.26
ZTLLF	0.79	(0.07)	0.00	(0.02)	0.00	0.00	0.00	0.00	43.87
PTOP	15.97	2.43	0.12	(6.96)	15.77	(23.33)	37.50	(33.33)	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.

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