Phunware Correlations

PHUN Stock

USD 1.82 0.03 1.68%

The current 90-days correlation between Phunware and KNOREX LTD is -0.09 (i.e., Good 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 good diversification

The correlation between Phunware and DJI is -0.42 (i.e., Very good 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 population.

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

Moving together with Phunware Stock

0.76	DT	Dynatrace Holdings LLC Tech Boost	Pair Corr
0.64	MQ	Marqeta	Pair Corr
0.63	PD	Pagerduty	Pair Corr
0.73	VS	Versus Systems	Pair Corr
0.68	WK	Workiva	Pair Corr
0.72	DMRC	Digimarc	Pair Corr
0.61	2TY	PagerDuty	Pair Corr
0.65	DOCU	DocuSign	Pair Corr
0.77	DOMO	Domo Inc	Pair Corr
0.79	1Q5	Dropbox Earnings Call This Week	Pair Corr
0.61	6NCA	NCINO INC DL	Pair Corr
0.72	LY0	Lyft Inc	Pair Corr

Moving against Phunware Stock

0.71	RNI	OXFORD METRICS LS	Pair Corr
0.61	TRB	Tribal Group plc	Pair Corr
0.43	JG	Aurora Mobile	Pair Corr
0.4	LUS1	Lang Schwarz Aktieng	Pair Corr
0.37	XV7	SERESCO 16	Pair Corr
0.33	ZM	Zoom Video Communications	Pair Corr
0.48	MKT	DeepMarkit Corp Earnings Call Today	Pair Corr
0.39	89P	CLAVISTER HOLDING	Pair Corr
0.39	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	KNRX	BLBX	SURG	YXT	SNCR	MFI	AWRE	WFCF	ODYS	UPLD
KNRX		-0.65	0.67	0.39	-0.57	0.35	0.7	0.67	-0.77	0.87	KNRX
BLBX	-0.65		-0.69	-0.09	0.73	-0.45	-0.73	-0.51	0.79	-0.7	BLBX
SURG	0.67	-0.69		0.33	-0.6	0.66	0.8	0.35	-0.72	0.8	SURG
YXT	0.39	-0.09	0.33		0.12	0.41	0.35	0.39	-0.38	0.3	YXT
SNCR	-0.57	0.73	-0.6	0.12		-0.26	-0.71	-0.45	0.48	-0.78	SNCR
MFI	0.35	-0.45	0.66	0.41	-0.26		0.68	0.3	-0.5	0.5	MFI
AWRE	0.7	-0.73	0.8	0.35	-0.71	0.68		0.62	-0.75	0.86	AWRE
WFCF	0.67	-0.51	0.35	0.39	-0.45	0.3	0.62		-0.51	0.58	WFCF
ODYS	-0.77	0.79	-0.72	-0.38	0.48	-0.5	-0.75	-0.51		-0.75	ODYS
UPLD	0.87	-0.7	0.8	0.3	-0.78	0.5	0.86	0.58	-0.75		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	+ 0.87	KNRX
UPLD	+ 0.86	AWRE
AWRE	+ 0.8	SURG
UPLD	+ 0.8	SURG
ODYS	+ 0.79	BLBX
SNCR	+ 0.73	BLBX

High negative correlations

UPLD	- 0.78	SNCR
ODYS	- 0.77	KNRX
UPLD	- 0.75	ODYS
ODYS	- 0.75	AWRE
AWRE	- 0.73	BLBX
ODYS	- 0.72	SURG

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	4.93	(0.67)	0.00	(1.51)	0.00	0.00	11.57	(12.64)	41.01
BLBX	5.28	0.64	0.10	0.42	6.22	(5.72)	11.84	(10.05)	37.77
SURG	4.10	(1.43)	0.00	(6.47)	0.00	0.00	6.67	(12.35)	52.00
YXT	6.21	(0.20)	0.00	0.34	0.00	0.00	14.12	(10.13)	41.05
SNCR	2.68	0.93	0.34	1.10	1.57	(3.15)	5.57	(4.76)	66.10
MFI	6.85	(0.65)	0.00	(0.12)	0.00	0.00	18.00	(15.10)	47.72
AWRE	1.81	(0.62)	0.00	(0.50)	0.00	0.00	3.16	(4.00)	12.53
WFCF	1.27	(0.14)	0.00	(0.30)	0.00	0.00	2.82	(2.80)	13.24
ODYS	3.83	0.84	0.19	(9.76)	3.68	(4.52)	9.49	(6.42)	30.76
UPLD	2.37	(0.98)	0.00	(0.59)	0.00	0.00	4.90	(6.13)	16.25

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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