Singularity Future Correlations
| SGLY Stock | USD 0.53 0.02 3.64% |
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
Modest diversification
The correlation between Singularity Future Technology and DJI is 0.21 (i.e., Modest 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 against Singularity Stock
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LICN | 3.15 | (0.25) | 0.00 | (0.46) | 0.00 | 5.61 | 57.58 | |||
| BLMZ | 14.74 | (3.79) | 0.00 | (0.87) | 0.00 | 27.27 | 192.47 | |||
| SBLX | 4.83 | (0.60) | 0.00 | (0.24) | 0.00 | 10.26 | 32.50 | |||
| DGLY | 5.86 | (1.54) | 0.00 | (0.51) | 0.00 | 15.42 | 45.61 | |||
| RAYA | 6.15 | (1.60) | 0.00 | (0.91) | 0.00 | 13.75 | 54.24 | |||
| ICON | 5.10 | (2.10) | 0.00 | (2.61) | 0.00 | 14.00 | 44.34 | |||
| IVDA | 6.43 | (0.17) | 0.00 | (0.06) | 0.00 | 16.67 | 50.60 | |||
| ATXG | 3.67 | (0.86) | 0.00 | (0.58) | 0.00 | 6.38 | 23.81 | |||
| ELOG | 4.79 | (0.88) | 0.00 | (0.79) | 0.00 | 7.26 | 39.40 | |||
| EPWK | 11.70 | (5.14) | 0.00 | 0.67 | 0.00 | 25.36 | 100.49 |