FDM Group Correlations

FDDMF Stock

USD 1.60 0.20 11.11%

The current 90-days correlation between FDM Group plc and Appen Limited is -0.06 (i.e., Good diversification). The correlation of FDM Group 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.

FDM Group Correlation With Market

Significant diversification

The correlation between FDM Group plc and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FDM Group plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FDM Pink Sheet

0.77	IBM	International Business	Pair Corr
0.74	NECPY	NEC ADR	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.71	FEMY	Femasys	Pair Corr
0.82	STAG	STAG Industrial	Pair Corr

Moving against FDM Pink Sheet

0.73	FISV	Fiserv, Common Stock Symbol Change	Pair Corr
0.47	TATT	Tat Techno	Pair Corr
0.42	ONDS	Ondas Holdings Aggressive Push	Pair Corr
0.41	TAK	Takeda Pharmaceutical	Pair Corr
0.4	RCRUY	Recruit Holdings	Pair Corr
0.36	166764CA6	CHEVRON P	Pair Corr
0.36	GSVRF	Guanajuato Silver	Pair Corr
0.47	GPAEF	Grupo Aeroportuario del	Pair Corr
0.36	SPOI	SPO Networks	Pair Corr

Related Correlations Analysis

	APXYY	FBSFF	NLST	MCRNF	LOQPF	DUSXF	NEOJF	FCCN	EMCHF	VNWTF
APXYY		0.68	0.12	-0.51	0.55	0.0	0.36	-0.2	0.62	0.44	APXYY
FBSFF	0.68		0.1	-0.39	0.83	0.0	0.39	-0.27	0.92	0.74	FBSFF
NLST	0.12	0.1		0.47	0.15	0.0	-0.24	0.37	0.17	0.23	NLST
MCRNF	-0.51	-0.39	0.47		-0.38	0.0	-0.68	0.36	-0.35	-0.05	MCRNF
LOQPF	0.55	0.83	0.15	-0.38		0.0	0.39	-0.34	0.9	0.67	LOQPF
DUSXF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DUSXF
NEOJF	0.36	0.39	-0.24	-0.68	0.39	0.0		-0.13	0.36	0.1	NEOJF
FCCN	-0.2	-0.27	0.37	0.36	-0.34	0.0	-0.13		-0.26	0.05	FCCN
EMCHF	0.62	0.92	0.17	-0.35	0.9	0.0	0.36	-0.26		0.72	EMCHF
VNWTF	0.44	0.74	0.23	-0.05	0.67	0.0	0.1	0.05	0.72		VNWTF
	APXYY	FBSFF	NLST	MCRNF	LOQPF	DUSXF	NEOJF	FCCN	EMCHF	VNWTF

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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

EMCHF	+ 0.92	FBSFF
EMCHF	+ 0.9	LOQPF
LOQPF	+ 0.83	FBSFF
VNWTF	+ 0.74	FBSFF
VNWTF	+ 0.72	EMCHF
FBSFF	+ 0.68	APXYY

High negative correlations

NEOJF	- 0.68	MCRNF
MCRNF	- 0.51	APXYY
MCRNF	- 0.39	FBSFF
LOQPF	- 0.38	MCRNF
EMCHF	- 0.35	MCRNF
FCCN	- 0.34	LOQPF

Risk-Adjusted Indicators

There is a big difference between FDM Pink Sheet performing well and FDM Group 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 FDM Group'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
APXYY	6.84	0.75	0.04	0.59	8.79	(18.22)	23.81	(16.67)	101.58
FBSFF	0.21	(0.10)	0.00	(0.94)	0.00	0.00	0.00	0.00	7.98
NLST	3.48	0.30	0.03	1.06	6.02	(4.92)	9.30	(5.26)	45.25
MCRNF	0.26	(0.03)	0.00	0.49	0.00	0.00	0.00	0.00	9.08
LOQPF	0.81	(0.42)	0.00	1.64	0.00	0.00	0.00	(3.20)	16.11
DUSXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEOJF	9.07	4.67	0.00	13.50	0.00	0.00	45.68	(17.64)	19.36
FCCN	3.24	1.25	0.36	(1.30)	2.16	(4.88)	6.48	(4.76)	46.13
EMCHF	0.23	(0.13)	0.00	98.75	0.00	0.00	0.00	0.00	7.81
VNWTF	0.82	(0.07)	0.00	(0.49)	0.00	0.00	1.78	(2.53)	11.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in FDM Group 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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Jonathan Heather	Secretary, IR Contact Officer	Profile
David Harvey	Head Science	Profile
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