FAR Correlations

FAR Stock

0.48 0.01 2.13%

The current 90-days correlation between FAR and Odyssey Gold is -0.33 (i.e., Very good diversification). The correlation of FAR 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.

FAR Correlation With Market

Poor diversification

The correlation between FAR and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FAR Stock

0.79	WBCPJ	Westpac Banking	Pair Corr
0.73	MQG	Macquarie Group	Pair Corr
0.68	NABPJ	National Australia Bank	Pair Corr
0.69	NAB	National Australia Bank Earnings Call This Week	Pair Corr
0.62	ATM	Aneka Tambang TBK	Pair Corr
0.69	MQGPD	Macquarie Group	Pair Corr
0.85	RND	Rand Mining	Pair Corr
0.86	AEG	ALANDEQGRP FPO	Pair Corr
0.86	WOW	Woolworths Group	Pair Corr
0.72	WBCPM	Westpac Banking	Pair Corr
0.71	RF1	Regal Investment	Pair Corr
0.87	GGR	Golden Globe Resources	Pair Corr
0.8	RAG	Ragnar Metals	Pair Corr

Related Correlations Analysis

	WBCPJ	ASK	ODY	IXJ	AHF	VMS	EMB	AAC	IFRA	ERA
WBCPJ		0.61	0.27	-0.41	-0.73	0.62	0.24	-0.65	0.68	0.43	WBCPJ
ASK	0.61		0.73	-0.12	-0.72	0.46	0.28	-0.42	0.25	0.21	ASK
ODY	0.27	0.73		-0.14	-0.27	0.22	0.09	-0.08	-0.21	0.0	ODY
IXJ	-0.41	-0.12	-0.14		0.24	-0.48	0.37	0.39	-0.39	-0.51	IXJ
AHF	-0.73	-0.72	-0.27	0.24		-0.68	-0.22	0.73	-0.62	-0.41	AHF
VMS	0.62	0.46	0.22	-0.48	-0.68		0.02	-0.7	0.6	0.36	VMS
EMB	0.24	0.28	0.09	0.37	-0.22	0.02		0.19	0.02	-0.2	EMB
AAC	-0.65	-0.42	-0.08	0.39	0.73	-0.7	0.19		-0.7	-0.45	AAC
IFRA	0.68	0.25	-0.21	-0.39	-0.62	0.6	0.02	-0.7		0.39	IFRA
ERA	0.43	0.21	0.0	-0.51	-0.41	0.36	-0.2	-0.45	0.39		ERA
	WBCPJ	ASK	ODY	IXJ	AHF	VMS	EMB	AAC	IFRA	ERA

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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

ODY	+ 0.73	ASK
AAC	+ 0.73	AHF
IFRA	+ 0.68	WBCPJ
VMS	+ 0.62	WBCPJ
ASK	+ 0.61	WBCPJ
IFRA	+ 0.6	VMS

High negative correlations

AHF	- 0.73	WBCPJ
AHF	- 0.72	ASK
IFRA	- 0.7	AAC
AAC	- 0.7	VMS
VMS	- 0.68	AHF
AAC	- 0.65	WBCPJ

Risk-Adjusted Indicators

There is a big difference between FAR Stock performing well and FAR 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 FAR'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
WBCPJ	0.14	0.01	(0.35)	(1.23)	0.11	(0.14)	0.29	(0.24)	0.67
ASK	0.90	0.18	0.05	(0.68)	1.07	(1.27)	1.40	(2.16)	13.13
ODY	3.22	0.24	0.04	0.46	3.50	(4.72)	7.14	(5.88)	19.17
IXJ	0.74	0.01	(0.09)	0.02	0.84	(0.80)	1.49	(1.18)	4.82
AHF	3.29	(0.42)	0.00	3.67	0.00	0.00	5.71	(7.14)	22.74
VMS	10.97	0.00	0.15	0.00	11.80	(21.05)	15.79	(12.50)	238.73
EMB	0.17	0.07	0.00	(0.58)	0.00	0.00	0.00	0.00	6.46
AAC	1.27	(0.03)	0.00	0.13	0.00	0.00	2.90	(2.82)	9.04
IFRA	0.47	0.12	0.08	(0.99)	0.44	(0.53)	0.96	(0.84)	2.98
ERA	12.71	2.03	0.09	4.40	12.36	(23.61)	25.00	(25.00)	75.00

Be your own money manager

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

Elected by the shareholders, the FAR's board of directors comprises two types of representatives: FAR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FAR. The board's role is to monitor FAR's management team and ensure that shareholders' interests are well served. FAR'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, FAR's outside directors are responsible for providing unbiased perspectives on the board's policies.

Linh Gigler	Chief Officer	Profile
BCom BComm	Chief Officer	Profile
Jon Keall	Chief Geoscientist	Profile
Claire NewsteadSinclair	Company Secretary	Profile
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Bruno Delanoue	Prsident Senegal	Profile

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