Freight Technologies Correlations

FRGT Stock

USD 1.36 0.04 2.86%

The current 90-days correlation between Freight Technologies and Marin Software is 0.03 (i.e., Significant diversification). The correlation of Freight Technologies 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.

Freight Technologies Correlation With Market

Weak diversification

The correlation between Freight Technologies and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freight Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Freight Stock please use our How to Invest in Freight Technologies guide.

Moving together with Freight Stock

0.8	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.77	ILLRW	Triller Group Symbol Change	Pair Corr
0.74	EGAN	eGain	Pair Corr

Moving against Freight Stock

0.88	QH	Quhuo	Pair Corr
0.8	BL	Blackline	Pair Corr
0.8	DT	Dynatrace Holdings LLC	Pair Corr
0.74	U	Unity Software Aggressive Push	Pair Corr
0.73	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.58	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.55	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.55	WK	Workiva	Pair Corr
0.52	ZM	Zoom Video Communications	Pair Corr
0.44	ZI	ZoomInfo Technologies	Pair Corr
0.41	ML	MoneyLion	Pair Corr
0.41	DOMO	Domo Inc Earnings Call Today	Pair Corr
0.4	DJCO	Daily Journal Corp	Pair Corr
0.92	DUOL	Duolingo	Pair Corr
0.81	ENFN	Enfusion	Pair Corr
0.75	DUOT	Duos Technologies	Pair Corr
0.7	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.65	VERX	Vertex	Pair Corr
0.58	EGHT	8x8 Common Stock	Pair Corr
0.32	VMEO	Vimeo Inc	Pair Corr
0.8	FICO	Fair Isaac	Pair Corr
0.77	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	MRIN	EZFL	IDAI	IFBD	VS	MTC	RTC	LQWDF	BLBX
MRIN		0.58	0.74	-0.42	-0.14	-0.35	-0.73	-0.69	-0.74	MRIN
EZFL	0.58		0.14	-0.29	-0.35	-0.21	-0.42	-0.51	-0.69	EZFL
IDAI	0.74	0.14		-0.24	-0.12	-0.28	-0.6	-0.36	-0.5	IDAI
IFBD	-0.42	-0.29	-0.24		0.02	0.67	0.27	0.28	0.5	IFBD
VS	-0.14	-0.35	-0.12	0.02		0.0	-0.06	0.28	0.51	VS
MTC	-0.35	-0.21	-0.28	0.67	0.0		0.28	-0.04	0.48	MTC
RTC	-0.73	-0.42	-0.6	0.27	-0.06	0.28		0.51	0.51	RTC
LQWDF	-0.69	-0.51	-0.36	0.28	0.28	-0.04	0.51		0.52	LQWDF
BLBX	-0.74	-0.69	-0.5	0.5	0.51	0.48	0.51	0.52		BLBX
	MRIN	EZFL	IDAI	IFBD	VS	MTC	RTC	LQWDF	BLBX

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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

IDAI	+ 0.74	MRIN
MTC	+ 0.67	IFBD
EZFL	+ 0.58	MRIN
BLBX	+ 0.52	LQWDF
BLBX	+ 0.51	VS
LQWDF	+ 0.51	RTC

High negative correlations

BLBX	- 0.74	MRIN
RTC	- 0.73	MRIN
BLBX	- 0.69	EZFL
LQWDF	- 0.69	MRIN
RTC	- 0.6	IDAI
LQWDF	- 0.51	EZFL

Risk-Adjusted Indicators

There is a big difference between Freight Stock performing well and Freight Technologies 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 Freight Technologies' 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
MRIN	2.08	(0.29)	0.00	(0.10)	0.00	0.00	6.51	(4.62)	13.36
EZFL	3.60	(0.14)	0.00	0.34	0.00	0.00	7.82	(6.82)	21.25
IDAI	5.83	0.37	0.03	0.75	6.45	(12.47)	5.88	(11.11)	47.05
IFBD	3.40	(0.04)	0.00	(0.16)	0.00	0.00	8.11	(7.55)	25.02
VS	8.98	1.57	0.30	0.40	5.63	(16.61)	9.77	(8.50)	266.77
MTC	7.08	0.19	0.01	0.72	8.25	(10.39)	15.15	(14.89)	89.69
RTC	2.80	0.50	0.11	1.47	3.19	(2.95)	6.02	(5.34)	22.72
LQWDF	4.82	1.49	0.25	(7.94)	3.52	(8.66)	19.32	(7.14)	47.88
BLBX	3.25	0.12	0.04	0.20	4.59	(3.68)	7.96	(7.52)	23.01

Freight Technologies Corporate Management

Javier Selgas	CEO Director	Profile
Luisa Lopez	Chief Officer	Profile
Donald Quinby	Chief Officer	Profile
Luisa Reyes	Chief Officer	Profile
Mike Flinker	President	Profile

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