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.
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Moving together with Singularity Stock
Moving against Singularity Stock
| 0.64 | ASR | Grupo Aeroportuario del | PairCorr |
| 0.64 | G7A | Grupo Aeroportuario del | PairCorr |
| 0.63 | 169 | Aeroporto Guglielmo | PairCorr |
| 0.58 | A440 | AENA SME UNSPADR110 | PairCorr |
| 0.58 | SXYA | Shenzhen International | PairCorr |
| 0.55 | FRA | Fraport AG | PairCorr |
| 0.53 | FRA | Fraport AG | PairCorr |
| 0.51 | JE2 | Jiangsu Expressway | PairCorr |
| 0.42 | PAC | Grupo Aeroportuario del Downward Rally | PairCorr |
| 0.42 | G9N | Grupo Aeroportuario del | PairCorr |
| 0.41 | BZTA | Auckland International | PairCorr |
| 0.39 | 5THA | TAV HAVALIMANHLDG ADR4 | PairCorr |
| 0.38 | ALTPC | Societe Marseillaise Earnings Call This Week | PairCorr |
| 0.37 | SHZH | Shenzhen Expressway | PairCorr |
| 0.35 | 9P4 | SMTPC EO 305 | PairCorr |
| 0.31 | NYVQ | Airports of Thailand | PairCorr |
| 0.77 | FSJ | James Fisher | PairCorr |
| 0.63 | OMAB | Grupo Aeroportuario del | PairCorr |
| 0.61 | AEDA | Grupo Aeroportuario del | PairCorr |
| 0.6 | FGX | Future Generation Earnings Call Today | PairCorr |
| 0.56 | 0JA | JAPAN AIRPORT TER | PairCorr |
| 0.53 | HHI0 | SHENZINVHLDGS BAARDE | PairCorr |
| 0.5 | EXF1 | Sichuan Expressway | PairCorr |
| 0.47 | BEEP | Mobile Infrastructure | PairCorr |
| 0.4 | CAAP | Corporacion America | PairCorr |
| 0.38 | G9N1 | Grupo Aeroportuario del | PairCorr |
| 0.37 | AED | Grupo Aeroportuario del | PairCorr |
Related Correlations Analysis
| 0.32 | 0.28 | 0.15 | 0.19 | 0.37 | 0.22 | LICN | ||
| 0.32 | 0.76 | 0.52 | 0.79 | 0.67 | 0.56 | SBLX | ||
| 0.28 | 0.76 | 0.82 | 0.78 | 0.76 | 0.7 | RAYA | ||
| 0.15 | 0.52 | 0.82 | 0.62 | 0.7 | 0.86 | ICON | ||
| 0.19 | 0.79 | 0.78 | 0.62 | 0.53 | 0.66 | IVDA | ||
| 0.37 | 0.67 | 0.76 | 0.7 | 0.53 | 0.76 | ATXG | ||
| 0.22 | 0.56 | 0.7 | 0.86 | 0.66 | 0.76 | ELOG | ||
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LICN | 3.00 | 0.03 | 0.00 | 0.13 | 4.06 | 5.61 | 57.58 | |||
| SBLX | 4.51 | (0.46) | 0.00 | (0.01) | 0.00 | 8.97 | 26.68 | |||
| RAYA | 6.23 | (1.75) | 0.00 | (2.88) | 0.00 | 13.75 | 54.24 | |||
| ICON | 5.81 | (1.87) | 0.00 | (1.60) | 0.00 | 14.00 | 44.34 | |||
| IVDA | 8.15 | (0.76) | 0.00 | (0.33) | 0.00 | 17.24 | 74.33 | |||
| ATXG | 3.77 | (0.25) | 0.00 | (0.96) | 0.00 | 6.82 | 39.61 | |||
| ELOG | 4.75 | (0.97) | 0.00 | (0.45) | 0.00 | 7.41 | 39.40 |