First Acceptance Correlations

Delisted . USA . 
Stock . First Acceptance Corp
FACODelisted Stock  USD 0.80  0.00  0.00%   
The current 90-days correlation between First Acceptance Corp and Essent Group is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Acceptance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Acceptance Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Acceptance Correlation With Market

Very good diversification

The correlation between First Acceptance Corp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Acceptance Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to First Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Acceptance 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 First Acceptance - 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 First Acceptance Corp to buy it.

Moving against First OTC Stock

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Related Correlations Analysis

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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   
RDN
+ 0.68
ESNT
MTG
+ 0.67
ESNT
RDN
+ 0.66
MTG
JRVR
+ 0.63
ESNT
RDN
+ 0.41
JRVR
MTG
+ 0.19
JRVR
  
High negative correlations   
EIG
- 0.72
ESNT
EIG
- 0.67
JRVR
RDN
- 0.2
EIG
EIG
- 0.09
MTG

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Acceptance OTC Stock 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 First Acceptance'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.

First Acceptance Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Acceptance otc stock to make a market-neutral strategy. Peer analysis of First Acceptance could also be used in its relative valuation, which is a method of valuing First Acceptance by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

First Acceptance Corporate Management

Elected by the shareholders, the First Acceptance's board of directors comprises two types of representatives: First Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Acceptance's management team and ensure that shareholders' interests are well served. First Acceptance'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, First Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Doug JensenChief OfficerProfile
Michael BodayleS VPProfile
Brian DickmanEx CFOProfile
Bradley ButtermoreEx OfficerProfile

Still Interested in First Acceptance Corp?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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