First CommunityPFD Correlations
| FCCTP Stock | USD 8.90 0.00 0.00% |
The current 90-days correlation between First CommunityPFD and Sparta Capital is 0.02 (i.e., Significant diversification). The correlation of First CommunityPFD 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.
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The ability to find closely correlated positions to First CommunityPFD 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 CommunityPFD 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 CommunityPFD - 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 Community to buy it.
Moving together with First Pink Sheet
| 0.8 | CART | Maplebear Common Stock Sell-off Trend | PairCorr |
| 0.75 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.62 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | COF | Capital One Financial Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | BYDDF | BYD Limited | PairCorr |
| 0.7 | VIPS | Vipshop Holdings | PairCorr |
| 0.78 | OR | Osisko Gold Ro | PairCorr |
| 0.72 | KTB | Kontoor Brands | PairCorr |
| 0.66 | FORTY | Formula Systems 1985 | PairCorr |
| 0.83 | BIP | Brookfield Infrastructure | PairCorr |
| 0.61 | MSTR | MicroStrategy Incorporated Aggressive Push | PairCorr |
| 0.85 | CHRW | CH Robinson Worldwide | PairCorr |
| 0.71 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
| 0.77 | NNE | Nano Nuclear Energy Trending | PairCorr |
Moving against First Pink Sheet
| 0.86 | NNAX | New Momentum | PairCorr |
| 0.64 | DRNK | NOHO Inc | PairCorr |
| 0.51 | AAGH | America Great Health | PairCorr |
| 0.32 | BFCH | BitFrontier Capital | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Pink Sheet performing well and First CommunityPFD 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 First CommunityPFD'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KEY-PI | 0.56 | 0.01 | (0.13) | 0.22 | 0.63 | 1.40 | 4.04 | |||
| CART | 1.95 | 0.25 | 0.09 | 0.37 | 2.46 | 4.72 | 16.29 | |||
| WBS-PF | 0.74 | 0.00 | (0.07) | 0.12 | 1.07 | 1.41 | 4.91 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.50 | (0.04) | (0.13) | 0.06 | 0.52 | 1.21 | 2.80 | |||
| ABHYX | 0.16 | 0.00 | (0.25) | 0.05 | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.02 | (0.41) | 2.96 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.41) | 0.00 | (0.99) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.72 | 0.00 | (0.02) | 0.00 | 1.05 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | 0.00 | (0.33) | 0.37 | 0.26 | 0.56 | 1.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First CommunityPFD 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?
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