Mercurity Fintech Correlations

MFH Stock

USD 3.88 0.02 0.52%

The correlation of Mercurity 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.

Mercurity Fintech Correlation With Market

Significant diversification

The correlation between Mercurity Fintech Holding and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercurity Fintech Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mercurity Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercurity Fintech Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Mercurity Stock

0.66	JZ	Jianzhi Education	Pair Corr
0.79	AUR	Aurora Innovation	Pair Corr
0.61	GDYN	Grid Dynamics Holdings	Pair Corr
0.73	GLOB	Globant SA	Pair Corr
0.66	JDZG	JIADE LIMITED Common	Pair Corr
0.85	AUROW	Aurora Innovation	Pair Corr

Moving against Mercurity Stock

0.57	IBM	International Business	Pair Corr
0.57	VYX	NCR Voyix	Pair Corr
0.56	VEEA	Veea Inc Symbol Change	Pair Corr
0.55	VRRM	Verra Mobility Corp	Pair Corr
0.49	KD	Kyndryl Holdings	Pair Corr
0.35	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.35	PSN	Parsons Corp	Pair Corr
0.75	LZMH	LZ Technology Holdings	Pair Corr
0.69	VEEAW	Veea Inc Symbol Change	Pair Corr
0.67	APLD	Applied Digital	Pair Corr
0.56	MGIC	Magic Software Enter Tech Boost	Pair Corr
0.5	JKHY	Jack Henry Associates	Pair Corr
0.5	BBAI	BigBearai Holdings Aggressive Push	Pair Corr
0.49	IBEX	IBEX	Pair Corr
0.4	NABL	N Able Inc	Pair Corr
0.31	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	SRL	DFIN	HGBL	OPY	TCJH	MEGL	NCPL	AGBA	PIPR	HLI
SRL		-0.81	0.28	-0.56	0.0	-0.27	-0.79	0.0	-0.37	-0.62	SRL
DFIN	-0.81		-0.07	0.82	0.0	0.46	0.68	0.0	0.72	0.89	DFIN
HGBL	0.28	-0.07		0.33	0.0	0.18	-0.19	0.0	0.41	0.25	HGBL
OPY	-0.56	0.82	0.33		0.0	0.4	0.42	0.0	0.8	0.94	OPY
TCJH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TCJH
MEGL	-0.27	0.46	0.18	0.4	0.0		0.35	0.0	0.45	0.46	MEGL
NCPL	-0.79	0.68	-0.19	0.42	0.0	0.35		0.0	0.3	0.49	NCPL
AGBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AGBA
PIPR	-0.37	0.72	0.41	0.8	0.0	0.45	0.3	0.0		0.81	PIPR
HLI	-0.62	0.89	0.25	0.94	0.0	0.46	0.49	0.0	0.81		HLI
	SRL	DFIN	HGBL	OPY	TCJH	MEGL	NCPL	AGBA	PIPR	HLI

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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

HLI	+ 0.94	OPY
HLI	+ 0.89	DFIN
OPY	+ 0.82	DFIN
HLI	+ 0.81	PIPR
PIPR	+ 0.8	OPY
PIPR	+ 0.72	DFIN

High negative correlations

DFIN	- 0.81	SRL
NCPL	- 0.79	SRL
HLI	- 0.62	SRL
OPY	- 0.56	SRL
PIPR	- 0.37	SRL
MEGL	- 0.27	SRL

Risk-Adjusted Indicators

There is a big difference between Mercurity Stock performing well and Mercurity 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 Mercurity 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
SRL	1.99	(0.34)	0.00	0.61	0.00	0.00	3.35	(6.49)	12.66
DFIN	1.73	0.44	0.20	0.42	1.68	(1.87)	3.90	(2.73)	13.84
HGBL	1.62	(0.11)	0.00	0.67	0.00	0.00	4.02	(3.21)	12.36
OPY	1.49	0.09	0.03	(1.00)	2.12	(1.46)	2.70	(2.99)	12.29
TCJH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEGL	5.95	0.86	0.14	(0.77)	4.94	(9.01)	12.40	(7.18)	78.45
NCPL	5.26	1.40	0.25	9.66	4.49	(6.87)	19.44	(9.95)	47.21
AGBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PIPR	1.94	0.01	0.01	0.03	2.90	(2.13)	3.73	(3.97)	21.03
HLI	1.45	0.13	0.05	(24.74)	2.14	(1.43)	2.80	(3.08)	13.73

Mercurity Fintech Corporate Management

Qian Sun	COO Director	Profile
Shi Qiu	CEO Director	Profile
James Tan	Cofounder	Profile
Wilfred Daye	Chief Officer	Profile
Freda Feng	IR Director	Profile
Xiangjun Liu	Senior Sales	Profile
Yukuan Zhang	Chief Officer	Profile

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