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.

Build AI portfolio with MMTEC Stock

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

0.61	PD	Pagerduty	Pair Corr
0.61	WK	Workiva Earnings Call Next Week	Pair Corr
0.72	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr

Moving against MMTEC Stock

0.83	DOMO	Domo Inc Tech Boost	Pair Corr
0.8	MIMI	Mint Incorporation	Pair Corr
0.75	VERB	Verb Technology	Pair Corr
0.7	MKTW	Marketwise Normal Trading	Pair Corr
0.66	VS	Versus Systems	Pair Corr
0.63	U	Unity Software	Pair Corr
0.62	AI	C3 Ai Inc	Pair Corr
0.6	DT	Dynatrace Holdings LLC	Pair Corr
0.56	BL	Blackline	Pair Corr
0.55	DV	DoubleVerify Holdings	Pair Corr
0.51	EB	Eventbrite Class A	Pair Corr
0.45	MITK	Mitek Systems Earnings Call Tomorrow	Pair Corr
0.43	YB	Yuanbao American Dep Tech Boost	Pair Corr
0.78	NCNO	nCino Inc	Pair Corr
0.78	ETWO	E2open Parent Holdings	Pair Corr
0.73	EGAN	eGain	Pair Corr
0.67	MTLS	Materialise NV Earnings Call Tomorrow	Pair Corr
0.57	VTEX	VTEX	Pair Corr
0.52	DUOT	Duos Technologies	Pair Corr
0.38	NXPLW	NextPlat Corp	Pair Corr
0.35	MNDY	MondayCom	Pair Corr

Related Correlations Analysis

	FRGT	VS	IDAI	IFBD	AIHS	RETO	PETZ	GRNQ	SXTC
FRGT		-0.62	-0.39	0.3	0.58	0.54	-0.14	-0.7	0.35	FRGT
VS	-0.62		0.73	-0.2	-0.75	-0.76	0.29	0.9	-0.04	VS
IDAI	-0.39	0.73		0.04	-0.6	-0.77	-0.12	0.7	-0.18	IDAI
IFBD	0.3	-0.2	0.04		0.23	0.03	-0.24	-0.21	0.05	IFBD
AIHS	0.58	-0.75	-0.6	0.23		0.78	-0.07	-0.82	0.08	AIHS
RETO	0.54	-0.76	-0.77	0.03	0.78		-0.12	-0.74	0.05	RETO
PETZ	-0.14	0.29	-0.12	-0.24	-0.07	-0.12		0.22	0.3	PETZ
GRNQ	-0.7	0.9	0.7	-0.21	-0.82	-0.74	0.22		-0.17	GRNQ
SXTC	0.35	-0.04	-0.18	0.05	0.08	0.05	0.3	-0.17		SXTC
	FRGT	VS	IDAI	IFBD	AIHS	RETO	PETZ	GRNQ	SXTC

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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

GRNQ	+ 0.9	VS
RETO	+ 0.78	AIHS
IDAI	+ 0.73	VS
GRNQ	+ 0.7	IDAI
AIHS	+ 0.58	FRGT
RETO	+ 0.54	FRGT

High negative correlations

GRNQ	- 0.82	AIHS
RETO	- 0.77	IDAI
RETO	- 0.76	VS
AIHS	- 0.75	VS
GRNQ	- 0.74	RETO
GRNQ	- 0.7	FRGT

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	0.00	10.33	(11.02)	141.46
VS	3.19	0.28	0.06	0.52	4.02	(3.89)	10.19	(5.76)	34.09
IDAI	4.72	0.56	0.12	0.74	4.20	(6.17)	12.62	(8.89)	37.08
IFBD	3.03	0.32	0.01	(0.61)	3.74	(3.86)	5.83	(5.13)	41.07
AIHS	4.99	(1.23)	0.00	(0.46)	0.00	0.00	7.45	(10.53)	94.97
RETO	4.55	(0.31)	0.00	(7.29)	0.00	0.00	7.18	(10.55)	30.07
PETZ	2.98	0.11	(0.02)	5.71	3.51	(3.97)	5.94	(5.38)	22.49
GRNQ	5.20	1.83	0.22	(1.91)	4.90	(6.47)	14.61	(7.20)	52.94
SXTC	8.14	0.81	0.08	1.24	8.91	(10.64)	32.50	(10.29)	83.09

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