Singularity Future Correlations

SGLY Stock  USD 0.40  0.01  3.13%   
The current 90-days correlation between Singularity Future and StableX Technologies is 0.05 (i.e., Significant diversification). The correlation of Singularity Future 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Singularity Future Correlation With Market

Very good diversification

The correlation between Singularity Future Technology and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singularity Future Technology and DJI in the same portfolio, assuming nothing else is changed.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Singularity Future Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Singularity Stock

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Moving against Singularity Stock

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  0.64G7A Grupo Aeroportuario delPairCorr
  0.63169 Aeroporto GuglielmoPairCorr
  0.58A440 AENA SME UNSPADR110PairCorr
  0.58SXYA Shenzhen InternationalPairCorr
  0.55FRA Fraport AGPairCorr
  0.53FRA Fraport AGPairCorr
  0.51JE2 Jiangsu ExpresswayPairCorr
  0.42PAC Grupo Aeroportuario del Downward RallyPairCorr
  0.42G9N Grupo Aeroportuario delPairCorr
  0.41BZTA Auckland InternationalPairCorr
  0.395THA TAV HAVALIMANHLDG ADR4PairCorr
  0.38ALTPC Societe Marseillaise Earnings Call This WeekPairCorr
  0.37SHZH Shenzhen ExpresswayPairCorr
  0.359P4 SMTPC EO 305PairCorr
  0.31NYVQ Airports of ThailandPairCorr
  0.77FSJ James FisherPairCorr
  0.63OMAB Grupo Aeroportuario delPairCorr
  0.61AEDA Grupo Aeroportuario delPairCorr
  0.6FGX Future Generation Earnings Call TodayPairCorr
  0.560JA JAPAN AIRPORT TERPairCorr
  0.53HHI0 SHENZINVHLDGS BAARDEPairCorr
  0.5EXF1 Sichuan ExpresswayPairCorr
  0.47BEEP Mobile InfrastructurePairCorr
  0.4CAAP Corporacion AmericaPairCorr
  0.38G9N1 Grupo Aeroportuario delPairCorr
  0.37AED Grupo Aeroportuario delPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Singularity Stock performing well and Singularity Future 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 Singularity Future'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.

Singularity Future Corporate Management

Xin CaoExecutiveProfile
Chee NgChief OfficerProfile
Yafei LiChief OfficerProfile
Lei CaoCEO, FounderProfile