First Real Correlations
| FESNFDelisted Stock | USD 0.20 0.00 0.00% |
The current 90-days correlation between First Real Estate and Nexus Real Estate is 0.14 (i.e., Average diversification). The correlation of First Real 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 Real Correlation With Market
Average diversification
The correlation between First Real Estate and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Real Estate and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Real 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 Real 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 Real - 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 Real Estate to buy it.
Moving together with First Pink Sheet
Moving against First Pink Sheet
| 0.39 | TRMNF | New Wave Holdings | PairCorr |
| 0.37 | BFSAF | Befesa SA | PairCorr |
| 0.5 | RANG | Range Capital Acquisition | PairCorr |
| 0.47 | ADTTF | Advantest | PairCorr |
| 0.33 | SMGKF | Smiths Group plc | 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
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Risk-Adjusted Indicators
There is a big difference between First Pink Sheet performing well and First Real 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 First Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EFRTF | 0.97 | 0.04 | (0.01) | 0.31 | 1.47 | 1.94 | 6.00 | |||
| ARESF | 1.75 | 0.21 | 0.05 | 0.32 | 3.23 | 3.69 | 14.41 | |||
| MNARF | 0.64 | (0.10) | 0.00 | (2.01) | 0.00 | 1.23 | 6.11 | |||
| CDCTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YUXXF | 0.92 | (0.41) | 0.00 | 0.44 | 0.00 | 0.00 | 30.77 | |||
| SHTGF | 0.45 | (0.13) | 0.00 | 46.09 | 0.00 | 0.00 | 21.84 | |||
| NRWRF | 0.13 | 0.04 | 0.00 | 0.32 | 0.00 | 0.00 | 4.26 | |||
| INRE | 88,783 | 45,067 | 1,338 | 474.45 | 0.00 | 1.26 | 2,974,907 | |||
| BSRTF | 1.13 | (0.08) | 0.00 | (0.13) | 0.00 | 2.54 | 5.54 | |||
| WFICF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
First Real 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 Real pink sheet to make a market-neutral strategy. Peer analysis of First Real could also be used in its relative valuation, which is a method of valuing First Real by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Real Corporate Executives
Elected by the shareholders, the First Real's board of directors comprises two types of representatives: First Real 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 Real's management team and ensure that shareholders' interests are well served. First Real'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 Real's outside directors are responsible for providing unbiased perspectives on the board's policies.
Still Interested in First Real Estate?
Investing in delisted pink sheets can be risky, as the pink sheet 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.