Up Fintech Correlations

TIGR Stock

USD 10.58 0.66 6.65%

The current 90-days correlation between Up Fintech Holding and Bit Digital is -0.49 (i.e., Very good diversification). The correlation of Up 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Up Fintech Correlation With Market

Average diversification

The correlation between Up Fintech Holding 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 Up Fintech Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TIGR Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Up 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 price.

Moving together with TIGR Stock

0.76	GS	Goldman Sachs Group	Pair Corr
0.81	MC	Moelis Earnings Call Today	Pair Corr
0.8	SF	Stifel Financial Earnings Call Today	Pair Corr
0.65	DOMH	Dominari Holdings	Pair Corr
0.7	FCFS	FirstCash Earnings Call This Week	Pair Corr
0.76	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.78	AXP	American Express	Pair Corr
0.84	COF	Capital One Financial Earnings Call Today	Pair Corr
0.78	EVR	Evercore Partners Earnings Call Today	Pair Corr
0.85	HLI	Houlihan Lokey Earnings Call This Week	Pair Corr
0.84	JXN	Jackson Financial	Pair Corr
0.86	LAZ	Lazard Earnings Call Tomorrow	Pair Corr
0.78	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.79	PJT	PJT Partners Earnings Call This Week	Pair Corr
0.79	PWP	Perella Weinberg Partners	Pair Corr
0.72	SCM	Stellus Capital Inve	Pair Corr
0.71	GLAD	Gladstone Capital	Pair Corr
0.65	HTGC	Hercules Capital	Pair Corr
0.67	LMFA	LM Funding America Trending	Pair Corr
0.62	MAIN	Main Street Capital	Pair Corr
0.75	PFLT	PennantPark Floating Rate	Pair Corr
0.85	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.77	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.75	ALLY	Ally Financial	Pair Corr

Moving against TIGR Stock

0.42	EZPW	EZCORP Inc	Pair Corr
0.45	SRL	Scully Royalty	Pair Corr
0.37	MKTX	MarketAxess Holdings	Pair Corr
0.41	AIHS	Senmiao Technology	Pair Corr

Related Correlations Analysis

	FUTU	BTBT	XP	MEGL	APLD	QFIN	BEKE	BILI	TME
FUTU		0.85	0.51	0.46	0.64	0.51	-0.48	0.94	0.9	FUTU
BTBT	0.85		0.42	0.29	0.59	0.29	-0.42	0.85	0.83	BTBT
XP	0.51	0.42		0.54	0.78	0.68	-0.68	0.49	0.74	XP
MEGL	0.46	0.29	0.54		0.48	0.48	-0.37	0.46	0.47	MEGL
APLD	0.64	0.59	0.78	0.48		0.38	-0.63	0.67	0.83	APLD
QFIN	0.51	0.29	0.68	0.48	0.38		-0.26	0.41	0.51	QFIN
BEKE	-0.48	-0.42	-0.68	-0.37	-0.63	-0.26		-0.47	-0.69	BEKE
BILI	0.94	0.85	0.49	0.46	0.67	0.41	-0.47		0.91	BILI
TME	0.9	0.83	0.74	0.47	0.83	0.51	-0.69	0.91		TME
	FUTU	BTBT	XP	MEGL	APLD	QFIN	BEKE	BILI	TME

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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

BILI	+ 0.94	FUTU
TME	+ 0.91	BILI
TME	+ 0.9	FUTU
BTBT	+ 0.85	FUTU
BILI	+ 0.85	BTBT
TME	+ 0.83	BTBT

High negative correlations

TME	- 0.69	BEKE
BEKE	- 0.68	XP
BEKE	- 0.63	APLD
BEKE	- 0.48	FUTU
BILI	- 0.47	BEKE
BEKE	- 0.42	BTBT

Risk-Adjusted Indicators

There is a big difference between TIGR Stock performing well and Up 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 Up 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
FUTU	2.78	0.91	0.31	1.05	2.33	(3.37)	7.00	(5.06)	17.20
BTBT	4.73	0.96	0.18	0.80	4.60	(6.02)	13.85	(7.25)	30.85
XP	1.59	0.26	0.12	0.61	1.44	(1.98)	3.52	(1.98)	16.29
MEGL	5.01	0.65	0.16	0.52	3.73	(7.18)	7.08	(6.67)	78.45
APLD	5.90	2.05	0.46	3.60	3.40	(7.72)	18.60	(6.52)	59.09
QFIN	1.75	0.00	0.02	0.14	1.69	(2.09)	6.07	(3.05)	10.02
BEKE	1.66	(0.09)	(0.06)	(0.01)	2.32	(1.62)	3.90	(4.31)	11.50
BILI	2.24	0.51	0.20	0.68	1.88	(2.50)	7.35	(3.54)	12.55
TME	1.96	0.70	0.35	1.02	1.42	(2.50)	4.45	(3.60)	19.82

Up Fintech Corporate Management

Tianhua Wu	Chairman CEO	Profile
Aron Lee	Head IR	Profile
Clark Soucy	VP Strategy	Profile
Wei Wu	Global Officer	Profile
Fei Zeng	CFO Director	Profile

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