FiscalNote Holdings Correlations

NOTE Stock

USD 1.75 0.05 2.94%

The current 90-days correlation between FiscalNote Holdings and Global Mofy Metaverse is 0.42 (i.e., Very weak 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

Very weak diversification

The correlation between FiscalNote Holdings and DJI is 0.43 (i.e., Very weak 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 persons.

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

Moving together with FiscalNote Stock

0.9	DT	Dynatrace Holdings LLC	Pair Corr
0.9	JG	Aurora Mobile	Pair Corr
0.81	PD	Pagerduty	Pair Corr
0.85	QH	Quhuo	Pair Corr
0.98	VS	Versus Systems	Pair Corr
0.89	DOMO	Domo Inc	Pair Corr
0.86	002410	Glodon Software	Pair Corr
0.64	VEEA	Veea Inc	Pair Corr
0.9	VERX	Vertex	Pair Corr
0.61	DSGX	Descartes Systems	Pair Corr
0.95	VRAR	Glimpse Group Tech Boost	Pair Corr
0.68	NOW	NowVertical Group	Pair Corr
0.89	VTEX	VTEX	Pair Corr
0.89	MSFT	Microsoft Corp CDR	Pair Corr
0.86	WAVE	Eco Wave Power	Pair Corr
0.74	ENLV	Enlivex Therapeutics	Pair Corr
0.65	ROI	Route1 Inc	Pair Corr
0.94	OTEX	Open Text Corp	Pair Corr
0.76	BRQSF	Borqs Technologies	Pair Corr
0.86	WDAY	Workday	Pair Corr

Moving against FiscalNote Stock

0.88	MKT	DeepMarkit Corp	Pair Corr
0.84	ELWS	Earlyworks	Pair Corr
0.79	U	Unity Software	Pair Corr
0.76	BL	Blackline	Pair Corr
0.67	DTST	Data Storage Corp	Pair Corr
0.61	ZM	Zoom Video Communications	Pair Corr
0.56	DUOT	Duos Technologies	Pair Corr
0.52	NN	Nextnav Acquisition Corp	Pair Corr
0.37	EGHT	8x8 Common Stock	Pair Corr
0.9	DBD	Diebold Nixdorf	Pair Corr
0.8	TTGI	Turnium Technology	Pair Corr
0.76	DAY	Dayforce	Pair Corr
0.44	FICO	Fair Isaac	Pair Corr
0.32	WALD	Waldencast Acquisition Earnings Call This Week	Pair Corr
0.31	APP	Applovin Corp	Pair Corr

Related Correlations Analysis

	JFU	GMM	SURG	UPLD	KPLT	CMBM	QMCO	DSWL	NUKK	GAME
JFU		-0.7	-0.6	-0.69	-0.48	0.05	-0.5	-0.49	-0.49	-0.6	JFU
GMM	-0.7		0.95	0.91	0.84	-0.2	0.73	0.09	0.73	0.86	GMM
SURG	-0.6	0.95		0.87	0.86	-0.29	0.71	0.06	0.73	0.85	SURG
UPLD	-0.69	0.91	0.87		0.87	-0.44	0.86	0.28	0.88	0.91	UPLD
KPLT	-0.48	0.84	0.86	0.87		-0.48	0.86	0.12	0.77	0.92	KPLT
CMBM	0.05	-0.2	-0.29	-0.44	-0.48		-0.55	-0.24	-0.52	-0.49	CMBM
QMCO	-0.5	0.73	0.71	0.86	0.86	-0.55		0.25	0.85	0.93	QMCO
DSWL	-0.49	0.09	0.06	0.28	0.12	-0.24	0.25		0.08	0.25	DSWL
NUKK	-0.49	0.73	0.73	0.88	0.77	-0.52	0.85	0.08		0.8	NUKK
GAME	-0.6	0.86	0.85	0.91	0.92	-0.49	0.93	0.25	0.8		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	+ 0.95	GMM
GAME	+ 0.93	QMCO
GAME	+ 0.92	KPLT
UPLD	+ 0.91	GMM
GAME	+ 0.91	UPLD
NUKK	+ 0.88	UPLD

High negative correlations

GMM	- 0.7	JFU
UPLD	- 0.69	JFU
GAME	- 0.6	JFU
SURG	- 0.6	JFU
QMCO	- 0.55	CMBM
NUKK	- 0.52	CMBM

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	7.03	1.73	0.24	0.89	6.15	(8.86)	26.34	(14.52)	73.46
GMM	2.63	(0.53)	0.00	(0.26)	0.00	0.00	5.88	(7.03)	16.26
SURG	3.49	(0.67)	0.00	(0.26)	0.00	0.00	5.90	(6.67)	29.32
UPLD	2.59	(0.61)	0.00	(0.38)	0.00	0.00	5.23	(6.10)	13.32
KPLT	3.95	(0.65)	0.00	(0.93)	0.00	0.00	5.89	(9.55)	45.01
CMBM	15.55	4.94	0.48	(2.87)	8.10	(24.26)	27.12	(15.74)	407.58
QMCO	4.36	(0.62)	0.00	(0.11)	0.00	0.00	9.57	(9.58)	26.49
DSWL	2.13	(0.17)	0.00	0.75	0.00	0.00	5.17	(5.37)	17.72
NUKK	6.54	(0.96)	0.00	(0.29)	0.00	0.00	15.10	(14.27)	50.49
GAME	4.42	(0.70)	0.00	(0.14)	0.00	0.00	8.00	(8.62)	24.96

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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