Funko Correlations

Funko Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Funko 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 industry.

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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    OSW + 0.83 JAKK SIX + 0.74 OSW OSW + 0.69 ESCA SIX + 0.58 ESCA SIX + 0.57 AOUT OSW + 0.51 AOUT

High negative correlations    SIX - 0.76 MSGE SIX - 0.67 LEAT LEAT - 0.64 OSW LEAT - 0.53 AOUT OSW - 0.52 MSGE ESCA - 0.52 MSGE

Risk-Adjusted Indicators

There is a big difference between Funko Stock performing well and Funko 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 Funko'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.