Phunware Correlations

PHUN Stock

USD 1.96 0.11 5.95%

The current 90-days correlation between Phunware and Blackboxstocks is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phunware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phunware moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Phunware Correlation With Market

Very weak diversification

The correlation between Phunware and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phunware and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Phunware Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phunware. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

To learn how to invest in Phunware Stock, please use our How to Invest in Phunware guide.

Moving together with Phunware Stock

0.9	JG	Aurora Mobile	Pair Corr
0.84	RXT	Rackspace Technology	Pair Corr
0.94	SAP	SAP SE ADR	Pair Corr
0.96	TTD	Trade Desk Aggressive Push	Pair Corr
0.88	CLSK	CleanSpark Aggressive Push	Pair Corr
0.95	UPLD	Upland Software	Pair Corr
0.61	PIFMY	Indofood Sukses Makmur	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.89	HD	Home Depot	Pair Corr

Moving against Phunware Stock

0.87	TLK	Telkom Indonesia Tbk	Pair Corr
0.87	KEP	Korea Electric Power	Pair Corr
0.87	PTITF	PT Indosat Tbk	Pair Corr
0.84	MGIC	Magic Software Enter	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.71	EC	Ecopetrol SA ADR	Pair Corr
0.7	RDZN	Roadzen Tech Boost	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.55	ZM	Zoom Video Communications	Pair Corr
0.43	USDC	USDATA Corp	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.85	FTV	Fortive Corp	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.81	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.76	AXP	American Express	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.59	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.58	IBM	International Business	Pair Corr
0.54	MMM	3M Company	Pair Corr

Related Correlations Analysis

	KNRX	BLBX	SURG	YXT	SNCR	MFI	AWRE	WFCF	ODYS	UPLD
KNRX		-0.13	0.54	0.5	-0.32	0.71	0.55	0.72	0.83	0.75	KNRX
BLBX	-0.13		0.16	0.42	0.14	0.29	0.04	0.03	-0.05	0.25	BLBX
SURG	0.54	0.16		0.68	-0.64	0.84	0.85	0.48	0.52	0.87	SURG
YXT	0.5	0.42	0.68		-0.19	0.74	0.61	0.64	0.5	0.7	YXT
SNCR	-0.32	0.14	-0.64	-0.19		-0.35	-0.61	-0.29	-0.18	-0.64	SNCR
MFI	0.71	0.29	0.84	0.74	-0.35		0.74	0.57	0.78	0.89	MFI
AWRE	0.55	0.04	0.85	0.61	-0.61	0.74		0.55	0.55	0.78	AWRE
WFCF	0.72	0.03	0.48	0.64	-0.29	0.57	0.55		0.53	0.64	WFCF
ODYS	0.83	-0.05	0.52	0.5	-0.18	0.78	0.55	0.53		0.68	ODYS
UPLD	0.75	0.25	0.87	0.7	-0.64	0.89	0.78	0.64	0.68		UPLD
	KNRX	BLBX	SURG	YXT	SNCR	MFI	AWRE	WFCF	ODYS	UPLD

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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

UPLD	+ 0.89	MFI
UPLD	+ 0.87	SURG
AWRE	+ 0.85	SURG
MFI	+ 0.84	SURG
ODYS	+ 0.83	KNRX
ODYS	+ 0.78	MFI

High negative correlations

UPLD	- 0.64	SNCR
SNCR	- 0.64	SURG
AWRE	- 0.61	SNCR
MFI	- 0.35	SNCR
SNCR	- 0.32	KNRX
WFCF	- 0.29	SNCR

Risk-Adjusted Indicators

There is a big difference between Phunware Stock performing well and Phunware 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 Phunware'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
KNRX	4.32	(1.05)	0.00	(0.79)	0.00	0.00	8.70	(10.26)	32.65
BLBX	7.09	1.00	0.15	0.27	7.05	(8.26)	21.59	(12.91)	69.73
SURG	3.60	(0.74)	0.00	(0.30)	0.00	0.00	5.90	(7.47)	29.32
YXT	4.85	0.05	0.00	(0.08)	5.69	(6.20)	9.33	(9.64)	41.05
SNCR	3.56	0.70	0.20	0.44	3.02	(4.24)	6.21	(6.30)	66.10
MFI	7.30	(0.80)	0.00	(0.08)	0.00	0.00	18.00	(16.58)	52.79
AWRE	2.55	(0.38)	0.00	(0.14)	0.00	0.00	5.41	(6.75)	19.99
WFCF	1.57	(0.28)	0.00	(0.15)	0.00	0.00	3.14	(2.93)	13.24
ODYS	2.91	(0.38)	0.00	(0.55)	0.00	0.00	6.62	(7.01)	21.60
UPLD	2.55	(0.72)	0.00	(0.54)	0.00	0.00	4.90	(6.10)	13.32

Phunware Corporate Management

Christopher Olive	General VP	Profile
Mike Snavely	Ex Marketing	Profile
Alan Knitowski	President, CoFounder	Profile
Troy Reisner	Chief Officer	Profile
Jeremy Kidd	Senior Marketing	Profile

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