Friendable Correlations

FDBL Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between Friendable and Morningstar Unconstrained Allocation is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Friendable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Friendable moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Friendable Correlation With Market

Significant diversification

The correlation between Friendable and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Friendable and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	ID	VIASP	RRTLX
444859BR2		-0.41	0.0	0.21	-0.63	-0.02	-0.58	-0.55	-0.31	-0.49	444859BR2
SCRYY	-0.41		0.0	-0.22	0.42	0.28	0.46	0.52	0.51	0.37	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.21	-0.22	0.0		-0.51	-0.43	-0.41	-0.17	0.09	-0.5	BRRAY
MSTSX	-0.63	0.42	0.0	-0.51		0.33	0.69	0.39	-0.12	0.88	MSTSX
ABHYX	-0.02	0.28	0.0	-0.43	0.33		0.56	-0.12	-0.22	0.45	ABHYX
LBHIX	-0.58	0.46	0.0	-0.41	0.69	0.56		0.33	0.13	0.71	LBHIX
ID	-0.55	0.52	0.0	-0.17	0.39	-0.12	0.33		0.56	0.42	ID
VIASP	-0.31	0.51	0.0	0.09	-0.12	-0.22	0.13	0.56		-0.04	VIASP
RRTLX	-0.49	0.37	0.0	-0.5	0.88	0.45	0.71	0.42	-0.04		RRTLX
	444859BR2	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	ID	VIASP	RRTLX

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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

RRTLX	+ 0.88	MSTSX
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.69	MSTSX
LBHIX	+ 0.56	ABHYX
VIASP	+ 0.56	ID
ID	+ 0.52	SCRYY

High negative correlations

MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
ID	- 0.55	444859BR2
MSTSX	- 0.51	BRRAY
RRTLX	- 0.5	BRRAY
RRTLX	- 0.49	444859BR2

Risk-Adjusted Indicators

There is a big difference between Friendable Pink Sheet performing well and Friendable 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 Friendable'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
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
SCRYY	2.12	0.39	0.11	(0.94)	2.04	(2.86)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96
ID	3.76	0.21	0.02	1.43	4.72	(5.01)	7.32	(7.69)	20.54
VIASP	0.74	0.11	0.01	(3.65)	1.04	(0.83)	2.28	(1.15)	7.18
RRTLX	0.24	0.00	(0.27)	0.99	0.26	(0.27)	0.56	(0.56)	1.37

Be your own money manager

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