BitFuFu Correlations

FUFU Stock

2.96 0.22 6.92%

The current 90-days correlation between BitFuFu Class A and Northpointe Bancshares, is 0.21 (i.e., Modest diversification). The correlation of BitFuFu 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.

BitFuFu Correlation With Market

Good diversification

The correlation between BitFuFu Class A and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BitFuFu Class A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BitFuFu Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BitFuFu Class A. 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 BitFuFu Stock

0.7	JG	Aurora Mobile	Pair Corr
0.7	NN	Nextnav Acquisition Corp	Pair Corr
0.65	DOMO	Domo Inc	Pair Corr
0.61	VERX	Vertex Tech Boost	Pair Corr
0.67	DSGX	Descartes Systems	Pair Corr
0.72	EXFY	Expensify Tech Boost	Pair Corr
0.65	BSY	Bentley Systems	Pair Corr
0.61	PTC	PTC Inc	Pair Corr

Moving against BitFuFu Stock

0.46	DUOT	Duos Technologies	Pair Corr
0.44	CALSOFT	California Software	Pair Corr
0.35	BL	Blackline	Pair Corr
0.53	601360	360 Security Technology	Pair Corr
0.48	LNU	Linius Technologies	Pair Corr
0.39	LAW	CS Disco LLC	Pair Corr

Related Correlations Analysis

	NPB	CCAP	ALRS	AXG	GAIN	SHBI	DGICA	BWB	PRAA	DEFT
NPB		0.57	0.81	0.09	0.03	0.75	0.15	0.19	0.52	0.61	NPB
CCAP	0.57		0.74	0.47	0.46	0.79	-0.43	-0.32	0.79	0.52	CCAP
ALRS	0.81	0.74		0.26	0.16	0.93	0.01	0.23	0.73	0.56	ALRS
AXG	0.09	0.47	0.26		0.52	0.21	-0.19	-0.26	0.43	0.11	AXG
GAIN	0.03	0.46	0.16	0.52		0.2	-0.19	-0.44	0.46	0.0	GAIN
SHBI	0.75	0.79	0.93	0.21	0.2		-0.09	0.07	0.79	0.45	SHBI
DGICA	0.15	-0.43	0.01	-0.19	-0.19	-0.09		0.6	-0.34	-0.25	DGICA
BWB	0.19	-0.32	0.23	-0.26	-0.44	0.07	0.6		-0.38	0.12	BWB
PRAA	0.52	0.79	0.73	0.43	0.46	0.79	-0.34	-0.38		0.29	PRAA
DEFT	0.61	0.52	0.56	0.11	0.0	0.45	-0.25	0.12	0.29		DEFT
	NPB	CCAP	ALRS	AXG	GAIN	SHBI	DGICA	BWB	PRAA	DEFT

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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

SHBI	+ 0.93	ALRS
ALRS	+ 0.81	NPB
SHBI	+ 0.79	CCAP
PRAA	+ 0.79	CCAP
PRAA	+ 0.79	SHBI
SHBI	+ 0.75	NPB

High negative correlations

BWB	- 0.44	GAIN
DGICA	- 0.43	CCAP
PRAA	- 0.38	BWB
PRAA	- 0.34	DGICA
BWB	- 0.32	CCAP
BWB	- 0.26	AXG

Risk-Adjusted Indicators

There is a big difference between BitFuFu Stock performing well and BitFuFu 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 BitFuFu'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
NPB	1.29	0.07	0.00	(0.12)	1.85	(1.27)	2.39	(3.85)	8.00
CCAP	1.02	(0.22)	0.00	(0.15)	0.00	0.00	1.93	(2.31)	8.17
ALRS	1.10	(0.08)	0.00	(0.01)	0.00	0.00	2.62	(2.52)	8.45
AXG	4.55	0.80	0.16	0.97	4.47	(4.94)	9.57	(7.06)	18.71
GAIN	0.62	(0.05)	0.00	(1.52)	0.00	0.00	1.20	(1.28)	4.97
SHBI	1.17	(0.08)	(0.03)	0.00	1.57	(1.30)	2.61	(2.82)	11.65
DGICA	1.13	0.23	0.15	(0.80)	0.93	(1.38)	2.54	(1.57)	8.99
BWB	1.56	(0.02)	0.01	0.04	1.84	(1.69)	3.96	(2.86)	11.00
PRAA	2.11	(0.07)	(0.01)	0.01	2.83	(2.35)	5.14	(4.44)	18.16
DEFT	3.64	(1.03)	0.00	(2.10)	0.00	0.00	6.67	(9.37)	29.19

BitFuFu Corporate Executives

Elected by the shareholders, the BitFuFu's board of directors comprises two types of representatives: BitFuFu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BitFuFu. The board's role is to monitor BitFuFu's management team and ensure that shareholders' interests are well served. BitFuFu's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BitFuFu's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Carol Zhong	COO	Profile
	Alex Fan	CTO	Profile

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