Future Fintech Correlations

FTFT Stock

USD 1.15 0.08 7.48%

The current 90-days correlation between Future Fintech Group and Skyward Specialty Insurance is -0.04 (i.e., Good diversification). The correlation of Future Fintech 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.

Future Fintech Correlation With Market

Modest diversification

The correlation between Future Fintech Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Future Fintech Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Future Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Fintech Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Future Stock

0.76	VITL	Vital Farms	Pair Corr
0.8	EDBL	Edible Garden AG	Pair Corr
0.71	WEST	Westrock Coffee	Pair Corr
0.76	CAG	ConAgra Foods	Pair Corr
0.61	HRL	Hormel Foods	Pair Corr
0.86	LSF	Laird Superfood	Pair Corr
0.76	HAIN	Hain Celestial	Pair Corr
0.76	MFI	Maple Leaf Foods	Pair Corr

Moving against Future Stock

0.77	MBH	Maggie Beer Holdings	Pair Corr
0.63	002650	Jiajia Food Group	Pair Corr
0.52	K	Kellanova	Pair Corr
0.5	CCO	The Calmer	Pair Corr
0.32	603697	Youyou Foods	Pair Corr
0.74	605338	Zhongyin Babi Food	Pair Corr
0.73	EVST	Everest Global PLC Split	Pair Corr
0.65	600429	Beijing Sanyuan Foods	Pair Corr
0.64	603345	Fujian Anjoy Foods	Pair Corr
0.6	001219	Qingdao Foods	Pair Corr
0.45	001215	Zhengzhou Qianweiyangchu	Pair Corr
0.39	CYF	Canyon Creek Food	Pair Corr
0.39	002847	Yankershop Food	Pair Corr

Related Correlations Analysis

	SKWD	CPK	UVE	NRUC	NWUC	PINXF	FIHL	CILJF
SKWD		-0.13	-0.14	0.01	0.0	-0.32	0.01	-0.03	SKWD
CPK	-0.13		0.67	-0.25	0.0	0.22	0.81	0.21	CPK
UVE	-0.14	0.67		-0.41	0.0	0.72	0.9	0.74	UVE
NRUC	0.01	-0.25	-0.41		0.0	-0.29	-0.38	-0.34	NRUC
NWUC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NWUC
PINXF	-0.32	0.22	0.72	-0.29	0.0		0.56	0.61	PINXF
FIHL	0.01	0.81	0.9	-0.38	0.0	0.56		0.52	FIHL
CILJF	-0.03	0.21	0.74	-0.34	0.0	0.61	0.52		CILJF
	SKWD	CPK	UVE	NRUC	NWUC	PINXF	FIHL	CILJF

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

FIHL	+ 0.9	UVE
FIHL	+ 0.81	CPK
CILJF	+ 0.74	UVE
PINXF	+ 0.72	UVE
UVE	+ 0.67	CPK
CILJF	+ 0.61	PINXF

High negative correlations

NRUC	- 0.41	UVE
FIHL	- 0.38	NRUC
CILJF	- 0.34	NRUC
PINXF	- 0.32	SKWD
PINXF	- 0.29	NRUC
NRUC	- 0.25	CPK

Risk-Adjusted Indicators

There is a big difference between Future Stock performing well and Future Fintech 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 Future Fintech'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
SKWD	1.58	(0.04)	0.00	(0.02)	0.00	0.00	2.97	(3.46)	14.00
CPK	0.87	0.12	0.10	1.23	0.91	(0.97)	1.78	(1.79)	5.53
UVE	1.70	0.45	0.27	0.30	1.33	(2.05)	4.40	(2.22)	14.84
NRUC	0.37	(0.04)	0.00	(1.64)	0.00	0.00	0.74	(0.98)	3.29
NWUC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PINXF	1.15	0.41	0.00	(3.31)	0.00	0.00	4.55	0.00	28.45
FIHL	1.11	0.11	0.06	0.16	1.38	(1.09)	2.49	(2.22)	8.19
CILJF	2.15	0.21	0.07	0.64	2.50	(2.67)	5.76	(4.46)	15.10

Future Fintech Corporate Management

Ying Li	VP Director	Profile
Xiaochen Zhao	Chief Officer	Profile
Ola Lind	Chief Officer	Profile
Yang Liu	Chief Officer	Profile

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