Currenc Group Correlations

CURR Stock

USD 1.45 0.07 4.61%

The current 90-days correlation between Currenc Group Ordinary and Centr Brands Corp is -0.08 (i.e., Good diversification). The correlation of Currenc Group 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.

Currenc Group Correlation With Market

Significant diversification

The correlation between Currenc Group Ordinary and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Currenc Group Ordinary and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Currenc Group Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Currenc Stock

0.64	PT	Pintec Technology	Pair Corr
0.8	RM	Regional Management Corp	Pair Corr
0.77	WD	Walker Dunlop	Pair Corr

Moving against Currenc Stock

0.54	V	Visa Class A	Pair Corr
0.54	AC	Associated Capital	Pair Corr
0.52	LU	Lufax Holding	Pair Corr
0.51	MA	Mastercard	Pair Corr
0.76	DMYY	dMY Squared Technology	Pair Corr
0.63	XP	Xp Inc Downward Rally	Pair Corr
0.63	EMCGR	Embrace Change Acqui	Pair Corr
0.49	TW	Tradeweb Markets Earnings Call This Week	Pair Corr
0.33	VINP	Vinci Partners Inves	Pair Corr
0.36	ECPG	Encore Capital Group	Pair Corr
0.32	ANSCU	Agriculture Natural	Pair Corr

Related Correlations Analysis

	BINP	CNTRF	CPHRF	CTTH	ABTI	CTABF	HLTRF	CRRTF
BINP		0.08	0.0	0.6	0.78	0.0	-0.6	0.63	BINP
CNTRF	0.08		0.0	0.02	0.11	0.0	-0.04	0.41	CNTRF
CPHRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CPHRF
CTTH	0.6	0.02	0.0		0.79	0.0	-0.87	0.61	CTTH
ABTI	0.78	0.11	0.0	0.79		0.0	-0.84	0.76	ABTI
CTABF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CTABF
HLTRF	-0.6	-0.04	0.0	-0.87	-0.84	0.0		-0.61	HLTRF
CRRTF	0.63	0.41	0.0	0.61	0.76	0.0	-0.61		CRRTF
	BINP	CNTRF	CPHRF	CTTH	ABTI	CTABF	HLTRF	CRRTF

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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

ABTI	+ 0.79	CTTH
ABTI	+ 0.78	BINP
CRRTF	+ 0.76	ABTI
CRRTF	+ 0.63	BINP
CRRTF	+ 0.61	CTTH
CTTH	+ 0.6	BINP

High negative correlations

HLTRF	- 0.87	CTTH
HLTRF	- 0.84	ABTI
CRRTF	- 0.61	HLTRF
HLTRF	- 0.6	BINP
HLTRF	- 0.04	CNTRF
CRRTF	- 0.0	CTABF

Risk-Adjusted Indicators

There is a big difference between Currenc Stock performing well and Currenc Group 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 Currenc Group'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
BINP	21.36	5.95	0.18	16.50	17.04	(64.19)	36.36	(38.00)	490.65
CNTRF	2.92	0.72	0.00	(2.72)	0.00	0.00	0.00	0.00	99.55
CPHRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTTH	10.70	0.43	0.00	(0.08)	12.48	(17.83)	38.11	(23.08)	81.85
ABTI	3.03	(1.46)	0.00	1.91	0.00	0.00	0.00	0.00	80.00
CTABF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HLTRF	0.90	0.36	0.00	25.07	0.00	0.00	1.35	0.00	21.06
CRRTF	1.26	(0.07)	0.00	1.44	0.00	0.00	0.00	0.00	37.50

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