First Capital Correlations

FCXXF Stock

USD 14.29 0.17 1.18%

The current 90-days correlation between First Capital Real and CT Real Estate is 0.33 (i.e., Weak diversification). The correlation of First Capital 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.

First Capital Correlation With Market

Very weak diversification

The correlation between First Capital Real and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Capital Real and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First 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 First 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 First 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 First Capital Real to buy it.

Moving together with First Pink Sheet

0.75	O	Realty Income	Pair Corr
0.63	REG	Regency Centers Earnings Call This Week	Pair Corr
0.63	FRT	Federal Realty Investment	Pair Corr
0.7	KFII	KF Growth Acquisition	Pair Corr
0.67	URG	Ur Energy	Pair Corr
0.67	NMM	Navios Maritime Partners	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.76	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.73	BA	Boeing	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr

Moving against First Pink Sheet

0.6	SONG	Music Licensing	Pair Corr
0.32	LKREF	Link Real Estate	Pair Corr
0.5	MSFT	Microsoft	Pair Corr
0.45	IBM	International Business	Pair Corr
0.4	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CTRRF	FRZCF	CWYUF	BYLOF	DWVYF	HNLGF	CTRGF	FSRPF	ADZZF	HNLGY
CTRRF		0.07	0.86	-0.02	0.0	0.25	0.0	0.44	0.0	0.23	CTRRF
FRZCF	0.07		0.06	-0.34	0.0	0.29	0.0	0.05	0.0	0.2	FRZCF
CWYUF	0.86	0.06		0.19	0.0	0.08	0.0	0.2	0.0	0.19	CWYUF
BYLOF	-0.02	-0.34	0.19		0.0	-0.54	0.0	-0.37	0.0	-0.29	BYLOF
DWVYF	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	DWVYF
HNLGF	0.25	0.29	0.08	-0.54	0.0		0.0	0.61	0.0	0.7	HNLGF
CTRGF	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	CTRGF
FSRPF	0.44	0.05	0.2	-0.37	0.0	0.61	0.0		0.0	0.39	FSRPF
ADZZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ADZZF
HNLGY	0.23	0.2	0.19	-0.29	0.0	0.7	0.0	0.39	0.0		HNLGY
	CTRRF	FRZCF	CWYUF	BYLOF	DWVYF	HNLGF	CTRGF	FSRPF	ADZZF	HNLGY

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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

CTRGF	+ 1.0	DWVYF
CWYUF	+ 0.86	CTRRF
HNLGY	+ 0.7	HNLGF
FSRPF	+ 0.61	HNLGF
FSRPF	+ 0.44	CTRRF
HNLGY	+ 0.39	FSRPF

High negative correlations

HNLGF	- 0.54	BYLOF
FSRPF	- 0.37	BYLOF
BYLOF	- 0.34	FRZCF
HNLGY	- 0.29	BYLOF
BYLOF	- 0.02	CTRRF
HNLGY	- 0.0	ADZZF

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First 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 First 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
CTRRF	0.29	0.02	(0.02)	(6.94)	0.41	(1.22)	1.41	(1.03)	4.58
FRZCF	0.46	(0.03)	0.00	0.26	0.00	0.00	0.00	0.00	11.27
CWYUF	0.67	0.05	0.01	0.23	0.87	(0.67)	1.18	(1.32)	3.84
BYLOF	1.49	(0.13)	0.00	(0.19)	0.00	0.00	2.33	(4.87)	9.35
DWVYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HNLGF	0.23	0.10	0.00	0.77	0.00	0.00	0.00	0.00	7.87
CTRGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSRPF	0.19	0.02	0.00	0.16	0.00	0.00	0.00	0.00	6.33
ADZZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HNLGY	0.95	0.28	0.00	(0.69)	0.00	0.00	3.63	(1.12)	20.46

Be your own money manager

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