Femto Technologies Correlations
| FMTO Stock | 3.53 0.82 18.85% |
The current 90-days correlation between Femto Technologies and BRP Inc is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Femto Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Femto Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Femto Technologies Correlation With Market
Good diversification
The correlation between Femto Technologies and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Femto Technologies and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Femto Stock
Moving against Femto Stock
| 0.61 | QH | Quhuo Tech Boost | PairCorr |
| 0.6 | WFCF | Where Food Comes | PairCorr |
| 0.58 | EXFY | Expensify | PairCorr |
| 0.52 | WALD | Waldencast Acquisition | PairCorr |
| 0.41 | WALDW | Waldencast Acquisition | PairCorr |
| 0.4 | WETO | Webus International Tech Boost | PairCorr |
| 0.34 | FRGT | Freight Technologies | PairCorr |
Related Correlations Analysis
| 0.93 | 0.79 | 0.13 | 0.91 | 0.65 | DOOO | ||
| 0.93 | 0.91 | 0.33 | 0.92 | 0.8 | BC | ||
| 0.79 | 0.91 | 0.52 | 0.77 | 0.78 | ASO | ||
| 0.13 | 0.33 | 0.52 | 0.18 | 0.62 | PRKS | ||
| 0.91 | 0.92 | 0.77 | 0.18 | 0.73 | NTES | ||
| 0.65 | 0.8 | 0.78 | 0.62 | 0.73 | SONO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Femto Stock performing well and Femto Technologies 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 Femto Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DOOO | 1.93 | 0.28 | 0.14 | 0.35 | 1.87 | 4.42 | 16.13 | |||
| BC | 1.90 | 0.25 | 0.18 | 0.28 | 1.62 | 4.80 | 14.46 | |||
| ASO | 2.01 | 0.35 | 0.22 | 0.31 | 1.66 | 5.24 | 23.42 | |||
| PRKS | 1.59 | 0.03 | 0.03 | 0.15 | 2.00 | 3.48 | 11.04 | |||
| NTES | 1.39 | 0.42 | 0.28 | 0.78 | 0.94 | 2.85 | 17.19 | |||
| SONO | 2.28 | 0.23 | 0.13 | 0.27 | 2.19 | 6.00 | 15.71 |
Femto Technologies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Femto Technologies stock to make a market-neutral strategy. Peer analysis of Femto Technologies could also be used in its relative valuation, which is a method of valuing Femto Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Femto Technologies Corporate Executives
Elected by the shareholders, the Femto Technologies' board of directors comprises two types of representatives: Femto Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Femto. The board's role is to monitor Femto Technologies' management team and ensure that shareholders' interests are well served. Femto Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Femto Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gabriel CPA | Secretary CFO | Profile | |
| Avner Tal | CTO Marketing | Profile |