Feedback PLC Correlations

Stocks . UK . 
Stock . Feedback PLC
FDBK Stock   9.25  1.00  12.12%   
The correlation of Feedback PLC 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.

Feedback PLC Correlation With Market

Good diversification

The correlation between Feedback PLC and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Feedback PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Feedback PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Feedback PLC 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 Feedback PLC - 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 Feedback PLC to buy it.

Moving against Feedback Stock

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Related Correlations Analysis


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

MAFL
+ 0.89
LIV
CIC
+ 0.83
TMIP
MAJE
+ 0.77
LIV
CIC
+ 0.77
ARR
MAJE
+ 0.7
ARR
MAJE
+ 0.7
MAFL
  

High negative correlations

CIC
- 0.42
SMT
SMT
- 0.4
TMIP
SMT
- 0.17
ARR
ATR
- 0.12
LIV
MAJE
- 0.07
ATR
SMT
- 0.07
ATR

Risk-Adjusted Indicators

There is a big difference between Feedback Stock performing well and Feedback PLC 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 Feedback PLC'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Feedback PLC 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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Feedback PLC Corporate Management

Elected by the shareholders, the Feedback PLC's board of directors comprises two types of representatives: Feedback PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Feedback. The board's role is to monitor Feedback PLC's management team and ensure that shareholders' interests are well served. Feedback PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Feedback PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
Stephen BrownChief OfficerProfile
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