FMC Correlations

F1MC34 Stock

160.65 10.54 6.16%

The current 90-days correlation between FMC Corporation and Delta Air Lines is 0.15 (i.e., Average diversification). The correlation of FMC 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.

FMC Correlation With Market

Good diversification

The correlation between FMC Corp. and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FMC Corp. and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FMC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FMC 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 FMC - 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 FMC Corporation to buy it.

Moving against FMC Stock

0.34	BOAC34	Bank of America	Pair Corr
0.32	GSGI34	Goldman Sachs	Pair Corr

Related Correlations Analysis

	DEAI34	MTSA4	GOAU3	UNHH34	STMN34	T1TW34	MLAS3
DEAI34		-0.92	-0.17	0.52	-0.62	0.78	-0.82	DEAI34
MTSA4	-0.92		0.21	-0.38	0.71	-0.57	0.88	MTSA4
GOAU3	-0.17	0.21		0.26	-0.22	0.15	0.11	GOAU3
UNHH34	0.52	-0.38	0.26		-0.22	0.75	-0.27	UNHH34
STMN34	-0.62	0.71	-0.22	-0.22		-0.33	0.86	STMN34
T1TW34	0.78	-0.57	0.15	0.75	-0.33		-0.46	T1TW34
MLAS3	-0.82	0.88	0.11	-0.27	0.86	-0.46		MLAS3
	DEAI34	MTSA4	GOAU3	UNHH34	STMN34	T1TW34	MLAS3

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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

MLAS3	+ 0.88	MTSA4
MLAS3	+ 0.86	STMN34
T1TW34	+ 0.78	DEAI34
T1TW34	+ 0.75	UNHH34
STMN34	+ 0.71	MTSA4
UNHH34	+ 0.52	DEAI34

High negative correlations

MTSA4	- 0.92	DEAI34
MLAS3	- 0.82	DEAI34
STMN34	- 0.62	DEAI34
T1TW34	- 0.57	MTSA4
MLAS3	- 0.46	T1TW34
UNHH34	- 0.38	MTSA4

Risk-Adjusted Indicators

There is a big difference between FMC Stock performing well and FMC 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 FMC'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
DEAI34	1.99	0.82	0.35	(6.56)	1.28	(2.50)	5.86	(3.05)	11.60
MTSA4	1.68	(0.36)	0.00	(2.90)	0.00	0.00	3.01	(3.40)	9.25
GOAU3	1.08	(0.03)	(0.06)	0.08	1.25	(1.24)	1.95	(2.03)	10.32
UNHH34	1.28	0.16	0.00	(0.45)	1.78	(1.31)	2.51	(2.43)	9.46
STMN34	0.91	(0.27)	0.00	2.11	0.00	0.00	1.44	(4.58)	11.14
T1TW34	1.22	0.35	0.13	(4.26)	1.39	(1.34)	2.48	(1.99)	8.63
MLAS3	2.44	(0.51)	0.00	(0.60)	0.00	0.00	6.45	(5.10)	13.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in FMC 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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FMC Corporate Management

Elected by the shareholders, the FMC's board of directors comprises two types of representatives: FMC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FMC. The board's role is to monitor FMC's management team and ensure that shareholders' interests are well served. FMC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FMC's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Kotch	VP Officer	Profile
Nicholas Pfeiffer	Co VP	Profile
Barry Crawford	VP Operations	Profile
Ronaldo Pereira	Ex Americas	Profile

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