First Energy Correlations
| FEMFFDelisted Stock | USD 0.01 0 29.09% |
The current 90-days correlation between First Energy Metals and Kraken Energy Corp is -0.05 (i.e., Good diversification). The correlation of First Energy 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.
First Energy Correlation With Market
Pay attention - limited upside
The correlation between First Energy Metals and DJI is -0.91 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Energy Metals and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Energy 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 First Energy - 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 First Energy Metals to buy it.
Moving against First OTC Stock
| 0.89 | RTPPF | Rio Tinto Group | PairCorr |
| 0.89 | MOG-A | Moog Inc | PairCorr |
| 0.88 | TFC | Truist Financial Corp | PairCorr |
| 0.87 | BHP | BHP Group Limited | PairCorr |
| 0.87 | RIO | Rio Tinto ADR | PairCorr |
| 0.87 | RTNTF | Rio Tinto Group | PairCorr |
| 0.87 | GLCNF | Glencore PLC | PairCorr |
| 0.87 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.86 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.86 | ICAGY | International Consolidated Earnings Call This Week | PairCorr |
| 0.84 | ENBP | ENB Financial Corp | PairCorr |
| 0.82 | BHPLF | BHP Group Limited | PairCorr |
| 0.82 | WZZZY | Wizz Air Holdings | PairCorr |
| 0.78 | ESCA | Escalade Incorporated | PairCorr |
| 0.76 | GEL | Genesis Energy LP | PairCorr |
| 0.75 | FMFP | First Community Financial | PairCorr |
| 0.72 | DFKCY | Daifuku Co | PairCorr |
| 0.7 | CAPL | Crossamerica Partners Earnings Call Tomorrow | PairCorr |
| 0.7 | GRBK | Green Brick Partners Earnings Call Tomorrow | PairCorr |
| 0.69 | ALL-PB | Allstate | PairCorr |
| 0.64 | CGON | CG Oncology Common | PairCorr |
| 0.62 | TKO | TKO Group Holdings | PairCorr |
| 0.5 | PRTS | CarPartsCom | PairCorr |
| 0.49 | RDNW | RideNow Group Symbol Change | PairCorr |
| 0.41 | BLE | BlackRock MIT II | PairCorr |
| 0.37 | AWCA | Awaysis Capital | PairCorr |
| 0.92 | BCO | Brinks Company Earnings Call Tomorrow | PairCorr |
| 0.89 | PDER | Pardee Resources | PairCorr |
| 0.88 | CMI | Cummins | PairCorr |
| 0.86 | DREUF | Dream Industrial Real | PairCorr |
| 0.85 | ALEEF | Alerio Gold Corp | PairCorr |
| 0.84 | ABCB | Ameris Bancorp | PairCorr |
| 0.84 | BHB | Bar Harbor Bankshares | PairCorr |
| 0.83 | CMTV | Community Bancorp Common | PairCorr |
| 0.82 | ASX | ASE Industrial Holding | PairCorr |
| 0.81 | GL-PD | Globe Life 425 | PairCorr |
| 0.77 | ARNI | Arno Therapeutics | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First OTC Stock performing well and First Energy OTC Stock 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 First Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGTHF | 73.54 | 34.10 | 0.70 | 2.20 | 19.75 | 41.56 | 1,923 | |||
| BRYGF | 39.05 | 23.47 | 0.00 | (0.34) | 0.00 | 0.00 | 0.00 | |||
| PSDNF | 5.71 | (0.59) | 0.00 | 0.24 | 0.00 | 0.00 | 199.51 | |||
| HZLIF | 11.23 | 3.49 | 0.18 | (6.62) | 9.55 | 37.50 | 122.10 | |||
| RRRLF | 6.36 | 0.46 | 0.02 | (0.11) | 8.28 | 19.61 | 66.83 | |||
| AMMCF | 474.66 | 236.14 | 0.00 | 3.16 | 0.00 | 0.00 | 15,905 | |||
| ACLHF | 15.81 | 5.19 | 0.29 | (0.99) | 12.31 | 31.06 | 235.00 | |||
| UUSAF | 10.92 | 2.06 | 0.15 | (0.65) | 9.78 | 30.17 | 79.19 | |||
| HZMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TTLXF | 56.14 | 26.35 | 0.00 | 1.27 | 0.00 | 2.86 | 1,551 |
First Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Energy otc stock to make a market-neutral strategy. Peer analysis of First Energy could also be used in its relative valuation, which is a method of valuing First Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Energy Corporate Management
Elected by the shareholders, the First Energy's board of directors comprises two types of representatives: First Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Energy's management team and ensure that shareholders' interests are well served. First Energy'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, First Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alexander PGeo | Consultant | Profile | |
| Gurminder BComm | CEO Pres | Profile | |
| Darryl Drummond | Advisor | Profile | |
| Darryl PEng | Advisor | Profile | |
| Ronald Lang | Advisor | Profile | |
| Jurgen Wolf | Corp CFO | Profile |
Still Interested in First Energy Metals?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.