Focus Graphite Correlations

FCSMF Stock

USD 0.35 0.04 12.90%

The current 90-days correlation between Focus Graphite and Neo Battery Materials is -0.05 (i.e., Good diversification). The correlation of Focus Graphite 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.

Focus Graphite Correlation With Market

Good diversification

The correlation between Focus Graphite and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focus Graphite and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Focus OTC Stock

0.68

CYPS

Cyclo3pss

Pair Corr

Moving against Focus OTC Stock

0.53	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.37	GOEVW	Canoo Holdings	Pair Corr
0.58	AVTBF	Avant Brands	Pair Corr
0.57	IDN	Intellicheck Mobilisa	Pair Corr
0.53	DDS	Dillards,	Pair Corr
0.64	TAK	Takeda Pharmaceutical	Pair Corr
0.53	ULTA	Ulta Beauty	Pair Corr
0.36	AKAM	Akamai Technologies	Pair Corr
0.32	CRRFY	Carrefour SA PK	Pair Corr

Related Correlations Analysis

	CONXF	REMRF	NBMFF	TCVNF	SYHBF	ZNWLF	ELMTF	KVGOF	LLKKF	NKGFF
CONXF		0.46	0.44	0.32	0.49	-0.39	0.44	0.06	0.12	0.55	CONXF
REMRF	0.46		0.68	-0.09	0.37	-0.59	0.49	0.5	-0.47	0.0	REMRF
NBMFF	0.44	0.68		0.01	0.44	-0.62	0.49	0.36	-0.38	0.27	NBMFF
TCVNF	0.32	-0.09	0.01		-0.24	-0.39	0.39	-0.3	0.26	0.48	TCVNF
SYHBF	0.49	0.37	0.44	-0.24		-0.16	0.12	0.11	-0.11	0.34	SYHBF
ZNWLF	-0.39	-0.59	-0.62	-0.39	-0.16		-0.54	-0.37	0.37	-0.15	ZNWLF
ELMTF	0.44	0.49	0.49	0.39	0.12	-0.54		0.2	-0.04	0.39	ELMTF
KVGOF	0.06	0.5	0.36	-0.3	0.11	-0.37	0.2		-0.6	-0.34	KVGOF
LLKKF	0.12	-0.47	-0.38	0.26	-0.11	0.37	-0.04	-0.6		0.5	LLKKF
NKGFF	0.55	0.0	0.27	0.48	0.34	-0.15	0.39	-0.34	0.5		NKGFF
	CONXF	REMRF	NBMFF	TCVNF	SYHBF	ZNWLF	ELMTF	KVGOF	LLKKF	NKGFF

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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

NBMFF	+ 0.68	REMRF
NKGFF	+ 0.55	CONXF
KVGOF	+ 0.5	REMRF
NKGFF	+ 0.5	LLKKF
SYHBF	+ 0.49	CONXF
ELMTF	+ 0.49	REMRF

High negative correlations

ZNWLF	- 0.62	NBMFF
LLKKF	- 0.6	KVGOF
ZNWLF	- 0.59	REMRF
ELMTF	- 0.54	ZNWLF
LLKKF	- 0.47	REMRF
ZNWLF	- 0.39	TCVNF

Risk-Adjusted Indicators

There is a big difference between Focus OTC Stock performing well and Focus Graphite OTC Stock 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 Focus Graphite'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
CONXF	1.90	0.20	0.04	0.33	2.22	(3.57)	5.88	(5.66)	16.06
REMRF	4.11	0.12	0.02	0.15	5.08	(5.45)	10.42	(10.20)	33.16
NBMFF	8.55	0.85	0.04	(0.25)	9.99	(15.51)	21.21	(20.51)	104.71
TCVNF	1.59	0.38	0.04	(0.81)	2.10	(4.72)	6.45	(4.55)	19.79
SYHBF	3.47	(0.09)	0.00	0.03	3.58	(6.11)	6.90	(6.45)	25.00
ZNWLF	239.62	132.99	0.00	(0.78)	0.00	0.00	8.33	0.00	7,938
ELMTF	5.12	0.61	0.06	0.37	5.64	(11.33)	15.00	(13.04)	50.36
KVGOF	4.07	(0.32)	0.00	0.39	0.00	0.00	6.49	(15.83)	91.28
LLKKF	6.62	2.64	0.31	(2.22)	6.38	(7.70)	20.07	(10.00)	44.35
NKGFF	3.47	0.77	0.13	3.09	3.26	(6.53)	9.09	(8.33)	27.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Focus Graphite 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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