First Choice Correlations

FCHS Stock

USD 0 0.00 0.00%

The correlation of First Choice 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.

First Choice Correlation With Market

Good diversification

The correlation between First Choice Healthc and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Choice Healthc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Choice 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 Choice 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 Choice - 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 Choice Healthc to buy it.

Moving together with First Pink Sheet

0.63

CNTRF

Centr Brands Corp

Pair Corr

Moving against First Pink Sheet

0.88	PILBF	Pilbara Minerals	Pair Corr
0.86	DVNHF	Frontier Services	Pair Corr
0.84	BIIB	Biogen Inc	Pair Corr
0.84	WEGZY	WEG SA ADR	Pair Corr
0.78	GM	General Motors Earnings Call This Week	Pair Corr
0.76	HL	Hecla Mining Aggressive Push	Pair Corr
0.75	PITAF	Poste Italiane SpA	Pair Corr
0.74	LAR	Lithium Argentina Symbol Change	Pair Corr
0.72	SOHOO	Sotherly Hotels Pref	Pair Corr
0.72	VLY	Valley National Bancorp Earnings Call Today	Pair Corr
0.69	DTSQU	DT Cloud Star	Pair Corr
0.67	GVA	Granite Construction	Pair Corr
0.66	EDVMF	Endeavour Mining Corp	Pair Corr
0.65	BNPQY	BNP Paribas SA	Pair Corr
0.49	AXP	American Express	Pair Corr
0.39	GJR	Strats SM Trust	Pair Corr
0.38	RIOFF	Rio2 Limited	Pair Corr
0.37	CRH	CRH PLC ADR	Pair Corr
0.9	CHRW	CH Robinson Worldwide Earnings Call This Week	Pair Corr
0.85	MATX	Matson Inc	Pair Corr
0.81	ROL	Rollins	Pair Corr
0.78	SMEGF	Siemens Energy AG	Pair Corr
0.78	MFA	MFA Financial	Pair Corr
0.67	FSBW	FS Bancorp Earnings Call Today	Pair Corr
0.67	ZHCLF	Zenith Capital Corp	Pair Corr
0.64	NTR	Nutrien	Pair Corr
0.62	MH	McGraw Hill	Pair Corr
0.62	ZMPLF	Zimplats Holdings	Pair Corr
0.61	MDWK	MDwerks	Pair Corr
0.58	SITM	Sitime	Pair Corr
0.56	FOSL	Fossil Group	Pair Corr
0.53	NXTC	NextCure	Pair Corr
0.44	SDHC	Smith Douglas Homes	Pair Corr

Related Correlations Analysis

	DRWN	FORZ	VIVXF	RLBD	PZOO	NBIO	CWWBF	FFNTF	VDRM	KJFI
DRWN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DRWN
FORZ	0.0		1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FORZ
VIVXF	0.0	1.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VIVXF
RLBD	0.0	0.0	0.0		0.0	-0.22	0.0	-0.45	0.29	0.63	RLBD
PZOO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PZOO
NBIO	0.0	0.0	0.0	-0.22	0.0		0.0	0.22	-0.19	-0.16	NBIO
CWWBF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CWWBF
FFNTF	0.0	0.0	0.0	-0.45	0.0	0.22	0.0		-0.13	-0.27	FFNTF
VDRM	0.0	0.0	0.0	0.29	0.0	-0.19	0.0	-0.13		0.27	VDRM
KJFI	0.0	0.0	0.0	0.63	0.0	-0.16	0.0	-0.27	0.27		KJFI
	DRWN	FORZ	VIVXF	RLBD	PZOO	NBIO	CWWBF	FFNTF	VDRM	KJFI

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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

VIVXF	+ 1.0	FORZ
KJFI	+ 0.63	RLBD
VDRM	+ 0.29	RLBD
KJFI	+ 0.27	VDRM
FFNTF	+ 0.22	NBIO
FORZ	+ 0.0	DRWN

High negative correlations

FFNTF	- 0.45	RLBD
KJFI	- 0.27	FFNTF
NBIO	- 0.22	RLBD
VDRM	- 0.19	NBIO
KJFI	- 0.16	NBIO
VDRM	- 0.13	FFNTF

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Choice 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 Choice'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
DRWN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FORZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RLBD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PZOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBIO	252.55	128.68	1.94	1.42	33.71	(629.33)	150.00	(76.74)	8,399
CWWBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFNTF	31.79	8.19	0.14	(3.97)	22.92	(357.78)	0.00	(55.56)	990.00
VDRM	30.46	10.79	0.21	(2.54)	18.83	(122.22)	100.00	(50.00)	475.00
KJFI	7.00	1.84	0.00	(1.84)	0.00	0.00	0.00	(8.70)	213.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Choice 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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