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Last Update: 04-Oct-2024, 17:57 CST

FUTU Correlation Report

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Correlation Plot    ExplainYTD: FUTU  134.3 %  vs. SPX  20.6 % 
Futu Holdings Limited - ADR

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.437

0.267

4.32

12

1.7

48.3
* Last 60 market days. FUTU relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankFUTU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.803 Subscribe first then Login to view complete reports now

0.291

-0.268

5.44
2
1
0.685 Subscribe first then Login to view complete reports now

0.368

-0.013

5.64
3
1
0.684 Subscribe first then Login to view complete reports now

0.333

-0.378

3.11
4
0.663 Subscribe first then Login to view complete reports now

0.306

-1.075

3.53
5
0.646 YMM - Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares)

0.307

-0.736

2.84
Least Correlated Non-ETF Securities:
RankFUTU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
34
0.001 Subscribe first then Login to view complete reports now

0.435

-0.084

1.23
2
19
-0.002 Subscribe first then Login to view complete reports now

0.344

0.152

3.06
3
2
-0.002 Subscribe first then Login to view complete reports now

0.184

-0.165

1.23
4
26
0.002 Subscribe first then Login to view complete reports now

0.327

0.127

1.16
5
50
0.002 NTGR - NETGEAR Inc.

0.392

-0.722

2.38
Most Anti-Correlated Non-ETF Securities:
RankFUTU CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.495 Subscribe first then Login to view complete reports now

-0.135

0.179

-1.02
2
-0.438 Subscribe first then Login to view complete reports now

-0.170

0.286

-0.83
3
-0.423 Subscribe first then Login to view complete reports now

-0.270

0.377

-1.35
4
1
-0.370 Subscribe first then Login to view complete reports now

-0.250

0.275

-1.00
5
4
-0.352 ADC - Agree Realty Corporation

-0.215

0.344

-0.89




 

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