FiscalNote Holdings Correlations

NOTE Stock

USD 1.31 0.09 6.43%

The current 90-days correlation between FiscalNote Holdings and Global Mofy Metaverse is 0.19 (i.e., Average diversification). The correlation of FiscalNote 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.

FiscalNote Holdings Correlation With Market

Excellent diversification

The correlation between FiscalNote Holdings and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FiscalNote Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FiscalNote Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FiscalNote 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 population.

For information on how to trade FiscalNote Stock refer to our How to Trade FiscalNote Stock guide.

Moving together with FiscalNote Stock

0.86	DOMO	Domo Inc	Pair Corr
0.78	HKD	AMTD Digital	Pair Corr
0.65	GRRR	Gorilla Technology Buyout Trend	Pair Corr
0.79	GWRE	Guidewire Software	Pair Corr
0.87	OVT	Oculus VisionTech	Pair Corr
0.95	EVPL	Everplay Group PLC	Pair Corr
0.96	ERD	Eroad	Pair Corr
0.68	GST	GSTechnologies	Pair Corr
0.95	TNE	Technology One	Pair Corr

Moving against FiscalNote Stock

0.68	U	Unity Software	Pair Corr
0.56	DTST	Data Storage Corp	Pair Corr
0.39	VENZ	Venzee Technologies	Pair Corr
0.54	IAM	Income Asset Management	Pair Corr
0.45	688229	Bonree Data Technology	Pair Corr
0.88	MGIC	Magic Software Enter	Pair Corr
0.46	603171	Servyou Software	Pair Corr

Related Correlations Analysis

	JFU	GMM	SURG	UPLD	KPLT	CMBM	QMCO	DSWL	NUKK	GAME
JFU		-0.59	-0.48	-0.66	-0.23	-0.47	-0.15	-0.21	-0.45	-0.39	JFU
GMM	-0.59		0.86	0.8	0.7	0.36	0.53	-0.11	0.53	0.73	GMM
SURG	-0.48	0.86		0.82	0.74	0.21	0.59	0.01	0.71	0.78	SURG
UPLD	-0.66	0.8	0.82		0.68	0.31	0.65	0.1	0.8	0.85	UPLD
KPLT	-0.23	0.7	0.74	0.68		0.01	0.71	-0.37	0.6	0.81	KPLT
CMBM	-0.47	0.36	0.21	0.31	0.01		-0.03	0.04	0.16	0.09	CMBM
QMCO	-0.15	0.53	0.59	0.65	0.71	-0.03		-0.23	0.72	0.85	QMCO
DSWL	-0.21	-0.11	0.01	0.1	-0.37	0.04	-0.23		0.04	-0.16	DSWL
NUKK	-0.45	0.53	0.71	0.8	0.6	0.16	0.72	0.04		0.81	NUKK
GAME	-0.39	0.73	0.78	0.85	0.81	0.09	0.85	-0.16	0.81		GAME
	JFU	GMM	SURG	UPLD	KPLT	CMBM	QMCO	DSWL	NUKK	GAME

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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

SURG	+ 0.86	GMM
GAME	+ 0.85	UPLD
GAME	+ 0.85	QMCO
UPLD	+ 0.82	SURG
GAME	+ 0.81	KPLT
GAME	+ 0.81	NUKK

High negative correlations

UPLD	- 0.66	JFU
GMM	- 0.59	JFU
SURG	- 0.48	JFU
CMBM	- 0.47	JFU
NUKK	- 0.45	JFU
GAME	- 0.39	JFU

Risk-Adjusted Indicators

There is a big difference between FiscalNote Stock performing well and FiscalNote 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 FiscalNote 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
JFU	5.19	0.16	0.04	0.10	6.38	(5.86)	11.26	(12.68)	48.78
GMM	3.12	(0.64)	0.00	(0.61)	0.00	0.00	6.58	(7.32)	23.02
SURG	4.29	(1.04)	0.00	(2.35)	0.00	0.00	11.49	(12.35)	52.00
UPLD	2.24	(0.74)	0.00	(0.51)	0.00	0.00	5.23	(5.42)	11.78
KPLT	3.14	(0.82)	0.00	6.63	0.00	0.00	3.95	(9.54)	37.80
CMBM	15.19	5.53	0.55	(1.24)	7.34	(22.17)	27.12	(13.22)	407.58
QMCO	3.62	(0.54)	0.00	(1.47)	0.00	0.00	7.63	(7.38)	26.35
DSWL	2.06	0.03	(0.01)	(0.01)	3.03	(2.35)	5.34	(5.37)	23.97
NUKK	5.58	(1.56)	0.00	(0.48)	0.00	0.00	13.02	(12.32)	38.98
GAME	4.05	(0.83)	0.00	(0.26)	0.00	0.00	8.00	(8.62)	21.47

FiscalNote Holdings Corporate Management

Sara Buda	Vice Relations	Profile
Dominique Taylor	Senior People	Profile
Nicholas Graham	Vice Affairs	Profile
Richard Henderson	Chief Officer	Profile
Taryn McKinnon	Vice Marketing	Profile
Frank Musso	Chief Officer	Profile

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