Federal Agricultural Correlations

AGM-PF Preferred Stock  USD 20.95  0.03  0.14%   
The current 90-days correlation between Federal Agricultural and Federal Agricultural Mortgage is 0.34 (i.e., Weak diversification). The correlation of Federal Agricultural 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.

Federal Agricultural Correlation With Market

FederalDowDiversified AwayFederalDowDiversified Away100%

Average diversification

The correlation between Federal Agricultural Mortgage and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Agricultural Mortgage and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Federal Agricultural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federal Agricultural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Federal Agricultural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Federal Agricultural Mortgage to buy it.

Moving together with Federal Preferred Stock

  0.69COF-PK Capital One FinancialPairCorr
  0.69COF-PL Capital One FinancialPairCorr
  0.7COF-PI Capital One FinancialPairCorr
  0.68COF-PJ Capital One FinancialPairCorr
  0.67COF-PN Capital One FinancialPairCorr
  0.87AGM-PG Federal AgriculturalPairCorr
  0.62BK Bank of New YorkPairCorr

Moving against Federal Preferred Stock

  0.31LC LendingClub CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federal Preferred Stock performing well and Federal Agricultural 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 Federal Agricultural'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Federal Agricultural without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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