BitFuFu Correlations

FUFU Stock

2.61 0.11 4.04%

The current 90-days correlation between BitFuFu Class A and Northpointe Bancshares, is 0.26 (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

Modest diversification

The correlation between BitFuFu Class A 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 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

0.84	JG	Aurora Mobile	Pair Corr
0.74	PD	Pagerduty	Pair Corr
0.63	ZD	Ziff Davis	Pair Corr
0.73	DMRC	Digimarc	Pair Corr
0.78	002410	Glodon Software	Pair Corr
0.81	MSFT	Microsoft Corp CDR	Pair Corr
0.69	ENLV	Enlivex Therapeutics	Pair Corr
0.78	WDAY	Workday	Pair Corr
0.75	EXFY	Expensify	Pair Corr
0.71	FIVN	Five9 Inc	Pair Corr
0.89	688590	Shanghai Newtouch	Pair Corr
0.91	BMR	Beamr Imaging	Pair Corr
0.79	BOX	Box Inc	Pair Corr
0.95	CYN	Cyngn Inc	Pair Corr
0.92	FIG	Figma, Inc Tech Boost	Pair Corr
0.84	XNET	Xunlei Ltd Adr	Pair Corr
0.9	PTC	PTC Inc	Pair Corr
0.83	PAY	PayPoint plc Split	Pair Corr
0.74	RXT	Rackspace Technology	Pair Corr
0.84	TTD	Trade Desk Sell-off Trend	Pair Corr
0.86	ULY	Urgently Common Stock	Pair Corr

Moving against BitFuFu Stock

0.78	DSP	Viant Technology	Pair Corr
0.71	BL	Blackline	Pair Corr
0.69	TTGI	Turnium Technology	Pair Corr
0.55	FICO	Fair Isaac	Pair Corr
0.51	WK	Workiva	Pair Corr
0.46	ZM	Zoom Video Communications	Pair Corr
0.37	U	Unity Software	Pair Corr
0.69	300659	Zhongfu Information	Pair Corr
0.58	ZPTA	Zapata Computing Holdings	Pair Corr
0.49	VHC	VirnetX Holding Corp	Pair Corr
0.48	STC	Sangoma Technologies Corp	Pair Corr

Related Correlations Analysis

	NPB	CCAP	ALRS	AXG	GAIN	SHBI	DGICA	BWB	PRAA	DEFT
NPB		0.5	0.68	0.2	0.17	0.61	0.33	0.68	0.49	0.12	NPB
CCAP	0.5		0.8	0.41	0.58	0.7	0.21	0.63	0.61	0.05	CCAP
ALRS	0.68	0.8		0.3	0.39	0.85	0.54	0.85	0.74	-0.14	ALRS
AXG	0.2	0.41	0.3		0.17	0.11	-0.05	0.01	0.2	0.32	AXG
GAIN	0.17	0.58	0.39	0.17		0.55	0.42	0.46	0.5	-0.37	GAIN
SHBI	0.61	0.7	0.85	0.11	0.55		0.78	0.87	0.83	-0.5	SHBI
DGICA	0.33	0.21	0.54	-0.05	0.42	0.78		0.64	0.69	-0.74	DGICA
BWB	0.68	0.63	0.85	0.01	0.46	0.87	0.64		0.6	-0.29	BWB
PRAA	0.49	0.61	0.74	0.2	0.5	0.83	0.69	0.6		-0.5	PRAA
DEFT	0.12	0.05	-0.14	0.32	-0.37	-0.5	-0.74	-0.29	-0.5		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

BWB	+ 0.87	SHBI
SHBI	+ 0.85	ALRS
BWB	+ 0.85	ALRS
PRAA	+ 0.83	SHBI
ALRS	+ 0.8	CCAP
DGICA	+ 0.78	SHBI

High negative correlations

DEFT	- 0.74	DGICA
DEFT	- 0.5	PRAA
DEFT	- 0.5	SHBI
DEFT	- 0.37	GAIN
DEFT	- 0.29	BWB
DEFT	- 0.14	ALRS

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	(0.17)	0.00	(0.08)	0.00	0.00	2.39	(3.85)	7.47
CCAP	1.20	(0.12)	0.00	(0.05)	0.00	0.00	2.54	(2.31)	8.17
ALRS	1.14	(0.10)	0.00	(0.03)	0.00	0.00	2.62	(2.52)	6.55
AXG	4.43	0.77	0.16	1.01	4.19	(5.21)	10.33	(7.06)	22.90
GAIN	0.65	(0.03)	(0.05)	0.01	0.89	(0.66)	1.20	(1.28)	4.97
SHBI	1.22	0.03	0.03	0.08	1.50	(1.37)	3.11	(2.82)	10.03
DGICA	0.98	0.07	0.03	0.27	1.05	(1.05)	2.03	(1.80)	5.24
BWB	1.50	0.00	0.01	0.05	1.72	(1.68)	3.64	(2.86)	9.89
PRAA	2.29	(0.04)	0.00	0.03	3.13	(2.43)	5.14	(4.65)	17.85
DEFT	4.60	(1.44)	0.00	(0.27)	0.00	0.00	9.09	(14.63)	36.00

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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