FEC Resources Correlations

FECOF Stock

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The correlation of FEC Resources 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.

FEC Resources Correlation With Market

Good diversification

The correlation between FEC Resources and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FEC Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against FEC Pink Sheet

0.5	AKAM	Akamai Technologies	Pair Corr
0.47	RLMD	Relmada Therapeutics	Pair Corr
0.43	REGN	Regeneron Pharmaceuticals	Pair Corr
0.42	IDN	Intellicheck Mobilisa	Pair Corr
0.41	GM	General Motors	Pair Corr
0.41	CX	Cemex SAB de Aggressive Push	Pair Corr
0.35	68233JBP8	US68233JBP84	Pair Corr
0.32	DDS	Dillards,	Pair Corr
0.53	DNLMY	Dunelm Group PLC	Pair Corr
0.53	PHAR	Pharming Group NV	Pair Corr
0.5	CM	Canadian Imperial Bank	Pair Corr
0.47	CHACR	Crane Harbor Acquisition	Pair Corr
0.38	SHIP	Seanergy Maritime	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr
0.35	HL	Hecla Mining Aggressive Push	Pair Corr
0.34	APGE	Apogee Therapeutics,	Pair Corr
0.33	CLRI	Cleartronic	Pair Corr
0.32	NOEM	CO2 Energy Transition	Pair Corr

Related Correlations Analysis

	CGRA	TMCGF	TBDYF	SDXEF	TRXO	MGUY	GPIPF	HRST	WTXR	GRGUF
CGRA		0.0	0.0	0.0	0.0	0.14	-0.02	-0.1	0.18	-0.12	CGRA
TMCGF	0.0		0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	TMCGF
TBDYF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TBDYF
SDXEF	0.0	-1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SDXEF
TRXO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TRXO
MGUY	0.14	0.0	0.0	0.0	0.0		0.01	-0.72	0.45	0.57	MGUY
GPIPF	-0.02	0.0	0.0	0.0	0.0	0.01		0.09	-0.26	-0.31	GPIPF
HRST	-0.1	0.0	0.0	0.0	0.0	-0.72	0.09		-0.61	-0.61	HRST
WTXR	0.18	0.0	0.0	0.0	0.0	0.45	-0.26	-0.61		0.24	WTXR
GRGUF	-0.12	0.0	0.0	0.0	0.0	0.57	-0.31	-0.61	0.24		GRGUF
	CGRA	TMCGF	TBDYF	SDXEF	TRXO	MGUY	GPIPF	HRST	WTXR	GRGUF

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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

GRGUF	+ 0.57	MGUY
WTXR	+ 0.45	MGUY
GRGUF	+ 0.24	WTXR
WTXR	+ 0.18	CGRA
MGUY	+ 0.14	CGRA
HRST	+ 0.09	GPIPF

High negative correlations

SDXEF	- 1.0	TMCGF
HRST	- 0.72	MGUY
GRGUF	- 0.61	HRST
WTXR	- 0.61	HRST
GRGUF	- 0.31	GPIPF
WTXR	- 0.26	GPIPF

Risk-Adjusted Indicators

There is a big difference between FEC Pink Sheet performing well and FEC Resources 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 FEC Resources' 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
CGRA	12.03	2.35	0.08	(0.56)	11.43	(35.17)	33.33	(25.00)	133.33
TMCGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TBDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SDXEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRXO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGUY	5.94	(0.24)	0.00	(0.44)	0.00	0.00	21.62	(18.00)	64.60
GPIPF	1.48	0.06	0.00	0.17	0.00	0.00	0.00	0.00	90.55
HRST	0.09	0.04	0.00	(0.62)	0.00	0.00	0.00	0.00	2.04
WTXR	14.50	1.66	0.07	2.69	16.61	(25.65)	63.64	(38.00)	151.98
GRGUF	6.46	1.40	0.00	(0.13)	0.00	0.00	0.00	0.00	167.78

Be your own money manager

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