NFT Correlations

MI Stock

4.20 0.25 6.33%

The current 90-days correlation between NFT Limited and Alta Global Group is 0.21 (i.e., Modest diversification). The correlation of NFT 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.

NFT Correlation With Market

Poor diversification

The correlation between NFT Limited and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NFT Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NFT Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NFT Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with NFT Stock

0.62	DXYZ	Destiny Tech100	Pair Corr
0.74	DXC	DXC Technology	Pair Corr

Moving against NFT Stock

0.66	DM	Datametrex AI	Pair Corr
0.44	CD	Chaince Digital Holdings Symbol Change	Pair Corr
0.43	MASK	3 E Network	Pair Corr
0.33	CVB	Computer And Technologies	Pair Corr
0.32	ETHZ	ETHZilla Symbol Change	Pair Corr
0.32	CN6	BII Railway Transpor	Pair Corr
0.62	ABTC	American Bitcoin Corp Symbol Change	Pair Corr
0.61	CYCU	Cycurion Symbol Change	Pair Corr

Related Correlations Analysis

	MOGU	MMA	SBDS	LGCB	PSPX	CGTL	BGI	EVGO	MGIH	JBDI
MOGU		0.62	0.61	0.53	0.0	-0.57	0.73	0.34	0.22	0.83	MOGU
MMA	0.62		0.72	0.61	0.0	-0.84	0.66	0.52	0.08	0.6	MMA
SBDS	0.61	0.72		0.28	0.0	-0.54	0.76	0.59	0.45	0.73	SBDS
LGCB	0.53	0.61	0.28		0.0	-0.79	0.48	0.0	-0.33	0.31	LGCB
PSPX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PSPX
CGTL	-0.57	-0.84	-0.54	-0.79	0.0		-0.53	-0.3	0.18	-0.49	CGTL
BGI	0.73	0.66	0.76	0.48	0.0	-0.53		0.35	0.38	0.67	BGI
EVGO	0.34	0.52	0.59	0.0	0.0	-0.3	0.35		0.38	0.41	EVGO
MGIH	0.22	0.08	0.45	-0.33	0.0	0.18	0.38	0.38		0.32	MGIH
JBDI	0.83	0.6	0.73	0.31	0.0	-0.49	0.67	0.41	0.32		JBDI
	MOGU	MMA	SBDS	LGCB	PSPX	CGTL	BGI	EVGO	MGIH	JBDI

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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

JBDI	+ 0.83	MOGU
BGI	+ 0.76	SBDS
BGI	+ 0.73	MOGU
JBDI	+ 0.73	SBDS
SBDS	+ 0.72	MMA
JBDI	+ 0.67	BGI

High negative correlations

CGTL	- 0.84	MMA
CGTL	- 0.79	LGCB
CGTL	- 0.57	MOGU
CGTL	- 0.54	SBDS
BGI	- 0.53	CGTL
JBDI	- 0.49	CGTL

Risk-Adjusted Indicators

There is a big difference between NFT Stock performing well and NFT 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 NFT'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
MOGU	3.04	(0.16)	0.00	(0.16)	0.00	0.00	6.37	(5.81)	22.96
MMA	3.76	(1.18)	0.00	(0.48)	0.00	0.00	11.02	(8.24)	23.43
SBDS	7.24	(1.03)	0.00	(0.19)	0.00	0.00	14.90	(14.62)	64.32
LGCB	3.74	(0.26)	0.00	(0.17)	0.00	0.00	9.84	(6.84)	25.37
PSPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CGTL	12.05	4.54	0.42	1.17	8.49	(15.54)	31.58	(16.47)	149.10
BGI	2.48	(0.33)	0.00	(0.39)	0.00	0.00	4.63	(4.90)	27.29
EVGO	2.67	(0.40)	0.00	(0.11)	0.00	0.00	5.84	(5.71)	14.89
MGIH	4.15	(0.03)	0.00	(0.07)	0.00	0.00	9.93	(8.55)	42.24
JBDI	5.29	(0.17)	0.00	(0.16)	0.00	0.00	12.20	(9.41)	37.00

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