FAVO Capital Correlations

FAVO Stock

USD 5.75 1.13 16.42%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FAVO Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FAVO Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FAVO Capital Correlation With Market

Modest diversification

The correlation between FAVO Capital and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAVO Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FAVO Pink Sheet

0.68	AXP	American Express	Pair Corr
0.61	COF	Capital One Financial	Pair Corr
0.77	IX	Orix Corp Ads	Pair Corr
0.78	SYF	Synchrony Financial	Pair Corr
0.85	LNDNF	Lundin Energy AB	Pair Corr
0.75	AAPL	Apple Inc	Pair Corr
0.71	TPB	Turning Point Brands	Pair Corr
0.82	DGWR	Critic Clothing	Pair Corr
0.77	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.83	HIRU	Hiru	Pair Corr
0.8	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	LMND	Lemonade	Pair Corr
0.74	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.71	TGI	Triumph Group	Pair Corr
0.74	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.66	SPGI	SP Global	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr
0.74	TGS	Transportadora de Gas	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr

Moving against FAVO Pink Sheet

0.74	PYPL	PayPal Holdings Sell-off Trend	Pair Corr
0.49	BASE	Couchbase	Pair Corr
0.44	VHAI	VHAI	Pair Corr
0.34	BKLRF	Berkeley Energy	Pair Corr
0.76	KTRIF	KTRIF	Pair Corr
0.75	ADVWW	Advantage Solutions	Pair Corr
0.34	PNW	Pinnacle West Capital	Pair Corr
0.32	NYMXF	Nymox Pharmaceutical	Pair Corr

Related Correlations Analysis

	SHGKY	PRLPF	ALPC	IPFPF	PHIG	EFGZF	ITJTY	GRCGF	FMCB	WTBFB
SHGKY		0.0	0.0	0.0	0.18	0.0	0.15	-0.37	-0.3	-0.18	SHGKY
PRLPF	0.0		0.0	0.0	-0.01	0.0	0.6	-0.68	0.11	-0.51	PRLPF
ALPC	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ALPC
IPFPF	0.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	0.0	IPFPF
PHIG	0.18	-0.01	0.0	0.0		0.0	0.18	0.01	0.35	0.43	PHIG
EFGZF	0.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	0.0	EFGZF
ITJTY	0.15	0.6	0.0	0.0	0.18	0.0		-0.56	-0.1	-0.39	ITJTY
GRCGF	-0.37	-0.68	0.0	0.0	0.01	0.0	-0.56		0.13	0.6	GRCGF
FMCB	-0.3	0.11	0.0	0.0	0.35	0.0	-0.1	0.13		0.65	FMCB
WTBFB	-0.18	-0.51	0.0	0.0	0.43	0.0	-0.39	0.6	0.65		WTBFB
	SHGKY	PRLPF	ALPC	IPFPF	PHIG	EFGZF	ITJTY	GRCGF	FMCB	WTBFB

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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

EFGZF	+ 1.0	IPFPF
WTBFB	+ 0.65	FMCB
ITJTY	+ 0.6	PRLPF
WTBFB	+ 0.6	GRCGF
WTBFB	+ 0.43	PHIG
FMCB	+ 0.35	PHIG

High negative correlations

GRCGF	- 0.68	PRLPF
GRCGF	- 0.56	ITJTY
WTBFB	- 0.51	PRLPF
WTBFB	- 0.39	ITJTY
GRCGF	- 0.37	SHGKY
FMCB	- 0.3	SHGKY

Risk-Adjusted Indicators

There is a big difference between FAVO Pink Sheet performing well and FAVO Capital 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 FAVO Capital'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
SHGKY	2.55	(0.20)	0.00	(0.64)	0.00	0.00	5.00	(14.47)	35.04
PRLPF	2.32	(0.35)	0.00	(0.28)	0.00	0.00	6.04	(4.78)	21.79
ALPC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPFPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHIG	0.78	(0.03)	0.00	(0.04)	0.00	0.00	2.40	(2.34)	11.75
EFGZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITJTY	3.53	(0.35)	0.00	(0.13)	0.00	0.00	12.00	(8.93)	36.40
GRCGF	0.04	0.01	0.00	(0.16)	0.00	0.00	0.00	0.00	1.24
FMCB	0.83	0.10	0.03	1.80	0.81	(1.06)	2.14	(1.72)	6.17
WTBFB	0.64	0.15	0.13	0.61	0.35	(0.89)	1.07	(1.18)	7.87

Be your own money manager

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

Shaun Quin	Pres Director	Profile
Vaughan Korte	Chief Officer	Profile
Richard Dubi	Chief Officer	Profile
Vincent Napolitano	CEO, Chairman	Profile

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