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.
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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Moving against MMTEC Stock

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  0.75VERB Verb TechnologyPairCorr
  0.7MKTW Marketwise Normal TradingPairCorr
  0.66VS Versus SystemsPairCorr
  0.63U Unity SoftwarePairCorr
  0.62AI C3 Ai IncPairCorr
  0.6DT Dynatrace Holdings LLCPairCorr
  0.56BL BlacklinePairCorr
  0.55DV DoubleVerify HoldingsPairCorr
  0.51EB Eventbrite Class APairCorr
  0.45MITK Mitek Systems Earnings Call TomorrowPairCorr
  0.43YB Yuanbao American Dep Tech BoostPairCorr
  0.78NCNO nCino IncPairCorr
  0.78ETWO E2open Parent HoldingsPairCorr
  0.73EGAN eGainPairCorr
  0.67MTLS Materialise NV Earnings Call TomorrowPairCorr
  0.57VTEX VTEXPairCorr
  0.52DUOT Duos TechnologiesPairCorr
  0.38NXPLW NextPlat CorpPairCorr
  0.35MNDY MondayComPairCorr

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
IDAIVS
GRNQIDAI
AIHSFRGT
RETOFRGT
  
High negative correlations   
GRNQAIHS
RETOIDAI
RETOVS
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.