MMTEC Correlations
MTC Stock | USD 0.90 0.02 2.27% |
The current 90-days correlation between MMTEC Inc and Versus Systems is -0.03 (i.e., Good diversification). The correlation of MMTEC 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.
MMTEC Correlation With Market
Modest diversification
The correlation between MMTEC Inc and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MMTEC Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with MMTEC Stock
0.61 | PD | Pagerduty | PairCorr |
0.61 | WK | Workiva Earnings Call Next Week | PairCorr |
0.72 | VMEO | Vimeo Inc Earnings Call This Week | PairCorr |
Moving against MMTEC Stock
0.83 | DOMO | Domo Inc Tech Boost | PairCorr |
0.8 | MIMI | Mint Incorporation | PairCorr |
0.75 | VERB | Verb Technology | PairCorr |
0.7 | MKTW | Marketwise Normal Trading | PairCorr |
0.66 | VS | Versus Systems | PairCorr |
0.63 | U | Unity Software | PairCorr |
0.62 | AI | C3 Ai Inc | PairCorr |
0.6 | DT | Dynatrace Holdings LLC | PairCorr |
0.56 | BL | Blackline | PairCorr |
0.55 | DV | DoubleVerify Holdings | PairCorr |
0.51 | EB | Eventbrite Class A | PairCorr |
0.45 | MITK | Mitek Systems Earnings Call Tomorrow | PairCorr |
0.43 | YB | Yuanbao American Dep Tech Boost | PairCorr |
0.78 | NCNO | nCino Inc | PairCorr |
0.78 | ETWO | E2open Parent Holdings | PairCorr |
0.73 | EGAN | eGain | PairCorr |
0.67 | MTLS | Materialise NV Earnings Call Tomorrow | PairCorr |
0.57 | VTEX | VTEX | PairCorr |
0.52 | DUOT | Duos Technologies | PairCorr |
0.38 | NXPLW | NextPlat Corp | PairCorr |
0.35 | MNDY | MondayCom | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MMTEC Stock performing well and MMTEC 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 MMTEC'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FRGT | 7.27 | (0.83) | 0.00 | (0.08) | 0.00 | 10.33 | 141.46 | |||
VS | 3.19 | 0.28 | 0.06 | 0.52 | 4.02 | 10.19 | 34.09 | |||
IDAI | 4.72 | 0.56 | 0.12 | 0.74 | 4.20 | 12.62 | 37.08 | |||
IFBD | 3.03 | 0.32 | 0.01 | (0.61) | 3.74 | 5.83 | 41.07 | |||
AIHS | 4.99 | (1.23) | 0.00 | (0.46) | 0.00 | 7.45 | 94.97 | |||
RETO | 4.55 | (0.31) | 0.00 | (7.29) | 0.00 | 7.18 | 30.07 | |||
PETZ | 2.98 | 0.11 | (0.02) | 5.71 | 3.51 | 5.94 | 22.49 | |||
GRNQ | 5.20 | 1.83 | 0.22 | (1.91) | 4.90 | 14.61 | 52.94 | |||
SXTC | 8.14 | 0.81 | 0.08 | 1.24 | 8.91 | 32.50 | 83.09 |