MMTEC Correlations

MTC Stock  USD 0.90  0.02  2.27%   
The current 90-days correlation between MMTEC Inc and Versus Systems is -0.09 (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

Average diversification

The correlation between MMTEC Inc and DJI is 0.13 (i.e., Average 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MMTEC Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with MMTEC Stock

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  0.66WALDW Waldencast AcquisitionPairCorr
  0.74FICO Fair Isaac Earnings Call This WeekPairCorr

Moving against MMTEC Stock

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  0.62VS Versus SystemsPairCorr
  0.62EGAN eGainPairCorr
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  0.39DV DoubleVerify HoldingsPairCorr
  0.38DT Dynatrace Holdings LLCPairCorr
  0.38VTEX VTEXPairCorr
  0.37BL BlacklinePairCorr
  0.61ETWO E2open Parent HoldingsPairCorr
  0.61DHX DHI GroupPairCorr
  0.56BMR Beamr Imaging Tech BoostPairCorr
  0.55BSY Bentley SystemsPairCorr
  0.51DBD Diebold Nixdorf,PairCorr
  0.47API Agora IncPairCorr
  0.43FRGE Forge Global HoldingsPairCorr
  0.36CXM SprinklrPairCorr
  0.34GTM ZoomInfo Technologies Symbol ChangePairCorr

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   
GRNQVS
RETOAIHS
GRNQIDAI
IDAIVS
AIHSFRGT
RETOFRGT
  
High negative correlations   
GRNQAIHS
RETOVS
RETOIDAI
AIHSVS
GRNQRETO
GRNQFRGT

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.