Fandom Sports Correlations

FDMSF Stock

USD 0.0001 0.00 0.00%

The correlation of Fandom Sports 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.

Fandom Sports Correlation With Market

Good diversification

The correlation between Fandom Sports Media 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 Fandom Sports Media and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fandom Pink Sheet

0.82	SAP	SAP SE ADR	Pair Corr
0.62	UBER	Uber Technologies	Pair Corr
0.65	NOW	ServiceNow	Pair Corr
0.67	CDNS	Cadence Design Systems	Pair Corr
0.84	CHHE	China Health Industries	Pair Corr
0.69	MSFT	Microsoft Sell-off Trend	Pair Corr
0.64	T	ATT Inc	Pair Corr

Moving against Fandom Pink Sheet

0.83	IRNRF	Iron Road Limited	Pair Corr
0.56	MRK	Merck Company	Pair Corr
0.52	GSTX	Graphene Solar Techn	Pair Corr
0.45	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.79	AXP	American Express	Pair Corr
0.77	KO	Coca Cola	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.49	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	TGHI	DGTW	DGMA	LQAVF	MARK	IGEN	VSST	BTVRF	UBMRF	DROP
TGHI		0.0	1.0	1.0	0.0	0.0	0.0	1.0	1.0	0.0	TGHI
DGTW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DGTW
DGMA	1.0	0.0		1.0	0.0	0.0	0.0	1.0	1.0	0.0	DGMA
LQAVF	1.0	0.0	1.0		0.0	0.0	0.0	1.0	1.0	0.0	LQAVF
MARK	0.0	0.0	0.0	0.0		0.06	-0.51	0.0	0.0	0.33	MARK
IGEN	0.0	0.0	0.0	0.0	0.06		-0.08	0.0	0.0	0.32	IGEN
VSST	0.0	0.0	0.0	0.0	-0.51	-0.08		0.0	0.0	-0.36	VSST
BTVRF	1.0	0.0	1.0	1.0	0.0	0.0	0.0		1.0	0.0	BTVRF
UBMRF	1.0	0.0	1.0	1.0	0.0	0.0	0.0	1.0		0.0	UBMRF
DROP	0.0	0.0	0.0	0.0	0.33	0.32	-0.36	0.0	0.0		DROP
	TGHI	DGTW	DGMA	LQAVF	MARK	IGEN	VSST	BTVRF	UBMRF	DROP

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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

DGMA	+ 1.0	TGHI
LQAVF	+ 1.0	TGHI
BTVRF	+ 1.0	TGHI
UBMRF	+ 1.0	TGHI
LQAVF	+ 1.0	DGMA
BTVRF	+ 1.0	DGMA

High negative correlations

VSST	- 0.51	MARK
DROP	- 0.36	VSST
VSST	- 0.08	IGEN
DROP	- 0.0	UBMRF
DROP	- 0.0	BTVRF
UBMRF	- 0.0	VSST

Risk-Adjusted Indicators

There is a big difference between Fandom Pink Sheet performing well and Fandom Sports 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 Fandom Sports' 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
TGHI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DGTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DGMA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LQAVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MARK	13.23	2.45	0.07	6.14	13.94	(38.88)	42.86	(33.33)	217.83
IGEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSST	3.86	0.87	0.05	5.77	4.48	(21.17)	8.11	(15.19)	91.67
BTVRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UBMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DROP	5.12	(0.52)	0.00	2.54	0.00	0.00	15.63	(18.92)	39.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fandom Sports 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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Fandom Sports Corporate Management

Tristan Brett	Creative Advisor – Board Member	Profile
Stan Yazhemsky	Chief Officer	Profile
Leslie Strachan	Chief Officer	Profile
Christian Gravel	Chief Officer	Profile
David Vinokurov	CEO Pres	Profile
Nick Schober	Head Sports	Profile

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