Fentura Financial Correlations
| FETM Stock | USD 45.50 0.25 0.55% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fentura Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fentura Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Fentura Financial Correlation With Market
Very weak diversification
The correlation between Fentura Financial and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fentura Financial and DJI in the same portfolio, assuming nothing else is changed.
Fentura |
The ability to find closely correlated positions to Fentura Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fentura Financial 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 Fentura Financial - 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 Fentura Financial to buy it.
Moving together with Fentura OTC Stock
| 0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.75 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.88 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.82 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.73 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.81 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against Fentura OTC Stock
| 0.78 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | BKRKY | Bank Rakyat | PairCorr |
| 0.71 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.63 | PBCRY | Bank Central Asia | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.56 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.54 | PBCRF | PT Bank Central | PairCorr |
| 0.34 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.68 | 0.76 | 0.43 | -0.24 | PBKC | ||
| 0.68 | 0.58 | 0.07 | -0.16 | LBNW | ||
| 0.76 | 0.58 | -0.01 | -0.32 | FCCTP | ||
| 0.43 | 0.07 | -0.01 | 0.23 | CDAB | ||
| -0.24 | -0.16 | -0.32 | 0.23 | CBOF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fentura OTC Stock performing well and Fentura Financial 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 Fentura Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBKC | 0.30 | 0.11 | 0.00 | 0.91 | 0.00 | 1.13 | 5.76 | |||
| LBNW | 0.39 | 0.04 | 0.00 | 0.62 | 0.00 | 1.74 | 6.62 | |||
| FCCTP | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.71 | |||
| CDAB | 0.63 | 0.15 | 0.00 | 1.19 | 0.00 | 3.33 | 8.33 | |||
| CBOF | 1.69 | (0.13) | 0.00 | (0.18) | 0.00 | 4.35 | 35.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fentura Financial 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.Did you try this?
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