FAR Correlations

FARYF Stock

USD 0.30 0.02 7.14%

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.

FAR Correlation With Market

Very poor diversification

The correlation between FAR Limited and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAR Limited 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 Limited to buy it.

Moving together with FAR Pink Sheet

0.84	COP	ConocoPhillips Earnings Call This Week	Pair Corr
0.86	HES	Hess	Pair Corr
0.75	FHRT	First Hartford	Pair Corr
0.62	MGWFF	Maple Leaf Green	Pair Corr
0.67	LIN	Linde plc Ordinary Earnings Call This Week	Pair Corr
0.82	SLB	Schlumberger NV	Pair Corr
0.87	CUEN	Cuentas	Pair Corr
0.64	H	Hyatt Hotels	Pair Corr
0.92	SPGX	Sustainable Projects	Pair Corr
0.79	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.8	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr

Moving against FAR Pink Sheet

0.79	HPQ	HP Inc Aggressive Push	Pair Corr
0.63	T	ATT Inc Earnings Call This Week	Pair Corr
0.59	MMM	3M Company	Pair Corr
0.34	IBM	International Business Tech Boost	Pair Corr

Related Correlations Analysis

	TAOIF	OIGLF	ARGYF	SPND	IGESF	EEENF	SNVFF	ADXRF	ISRJF	RSRV
TAOIF		0.09	0.23	0.13	-0.07	0.14	0.04	0.31	0.52	-0.13	TAOIF
OIGLF	0.09		0.37	0.01	0.16	0.15	-0.11	0.16	0.16	-0.14	OIGLF
ARGYF	0.23	0.37		0.08	0.26	0.28	-0.59	0.48	0.61	0.16	ARGYF
SPND	0.13	0.01	0.08		0.62	0.54	-0.56	-0.05	-0.25	0.42	SPND
IGESF	-0.07	0.16	0.26	0.62		0.68	-0.76	0.22	-0.37	0.61	IGESF
EEENF	0.14	0.15	0.28	0.54	0.68		-0.53	0.1	-0.07	0.36	EEENF
SNVFF	0.04	-0.11	-0.59	-0.56	-0.76	-0.53		-0.42	0.03	-0.6	SNVFF
ADXRF	0.31	0.16	0.48	-0.05	0.22	0.1	-0.42		0.4	0.28	ADXRF
ISRJF	0.52	0.16	0.61	-0.25	-0.37	-0.07	0.03	0.4		-0.18	ISRJF
RSRV	-0.13	-0.14	0.16	0.42	0.61	0.36	-0.6	0.28	-0.18		RSRV
	TAOIF	OIGLF	ARGYF	SPND	IGESF	EEENF	SNVFF	ADXRF	ISRJF	RSRV

Please upgrade your account to get full access to Macroaxis premium features

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

EEENF	+ 0.68	IGESF
IGESF	+ 0.62	SPND
ISRJF	+ 0.61	ARGYF
RSRV	+ 0.61	IGESF
EEENF	+ 0.54	SPND
ISRJF	+ 0.52	TAOIF

High negative correlations

SNVFF	- 0.76	IGESF
RSRV	- 0.6	SNVFF
SNVFF	- 0.59	ARGYF
SNVFF	- 0.56	SPND
SNVFF	- 0.53	EEENF
ADXRF	- 0.42	SNVFF

Risk-Adjusted Indicators

There is a big difference between FAR Pink Sheet 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
TAOIF	6.20	0.90	0.06	8.95	6.68	(15.46)	16.67	(14.29)	75.00
OIGLF	11.29	2.23	0.06	(0.77)	11.94	(76.67)	50.00	(33.33)	233.33
ARGYF	6.34	0.25	0.02	0.98	7.26	(9.36)	11.11	(14.64)	42.86
SPND	2.33	0.63	0.04	(2.09)	4.34	(7.61)	4.25	(1.75)	47.61
IGESF	0.82	0.29	0.00	3.01	0.00	0.00	0.00	0.00	34.42
EEENF	6.29	0.39	0.06	0.21	7.30	(6.97)	14.40	(12.33)	41.75
SNVFF	2.10	(1.12)	0.00	(0.77)	0.00	0.00	0.00	0.00	70.35
ADXRF	7.41	1.92	0.00	(0.89)	0.00	0.00	50.00	(13.33)	117.14
ISRJF	1.45	0.14	0.00	(1.01)	0.00	0.00	0.00	0.00	32.65
RSRV	1.53	0.13	0.03	0.17	1.83	(3.54)	5.62	(4.84)	13.56

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.

Did you try this?

Run Money Flow Index Now

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators

All Next

Launch Module

FAR Corporate Management

BCom BComm	Chief Officer	Profile
Claire NewsteadSinclair	Company Sec	Profile
Jon Keall	Chief Geoscientist	Profile
June Atling	Admin Australia	Profile
Bruno Delanoue	Prsident Senegal	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC