Far East Correlations

FEWP Stock

USD 0.0001 0.00 0.00%

The correlation of Far East 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Far East Wind. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Related Correlations Analysis

	KRG	SE	HEES	TW	CFRLF	GSL-PB	GO	TITN
KRG		0.54	0.62	0.34	0.22	0.26	0.31	0.39	KRG
SE	0.54		0.83	0.88	0.31	0.54	0.11	0.46	SE
HEES	0.62	0.83		0.79	0.07	0.43	0.21	0.7	HEES
TW	0.34	0.88	0.79		0.3	0.64	-0.09	0.5	TW
CFRLF	0.22	0.31	0.07	0.3		0.72	-0.47	-0.25	CFRLF
GSL-PB	0.26	0.54	0.43	0.64	0.72		-0.31	0.25	GSL-PB
GO	0.31	0.11	0.21	-0.09	-0.47	-0.31		0.36	GO
TITN	0.39	0.46	0.7	0.5	-0.25	0.25	0.36		TITN
	KRG	SE	HEES	TW	CFRLF	GSL-PB	GO	TITN

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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

TW	+ 0.88	SE
HEES	+ 0.83	SE
TW	+ 0.79	HEES
GSL-PB	+ 0.72	CFRLF
TITN	+ 0.7	HEES
GSL-PB	+ 0.64	TW

High negative correlations

GO	- 0.47	CFRLF
GO	- 0.31	GSL-PB
TITN	- 0.25	CFRLF
GO	- 0.09	TW

Risk-Adjusted Indicators

There is a big difference between Far Stock performing well and Far East 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 Far East'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
KRG	0.79	0.08	0.01	0.31	0.81	(0.84)	1.60	(1.50)	4.33
SE	1.62	0.47	0.21	2.55	1.45	(1.95)	4.65	(2.83)	12.95
HEES	1.82	0.09	0.11	0.15	2.04	(1.95)	3.67	(3.22)	15.53
TW	0.90	0.18	0.08	0.56	0.99	(0.93)	1.71	(1.39)	6.60
CFRLF	1.23	0.55	0.00	(1.51)	0.00	0.00	0.00	0.00	43.64
GSL-PB	0.43	0.02	(0.15)	0.20	0.46	(0.50)	1.02	(0.80)	4.03
GO	2.62	(0.03)	0.02	0.11	3.69	(2.84)	5.45	(5.23)	22.16
TITN	2.18	(0.16)	0.02	0.06	2.71	(2.30)	5.83	(4.18)	19.53

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Far East Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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