Free Flow Correlations

FFLO Stock

USD 0.04 0.00 0.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Free Flow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Free Flow moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Free Flow Correlation With Market

Good diversification

The correlation between Free Flow and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Free Flow and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Free OTC Stock

0.59	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.56	TLK	Telkom Indonesia Tbk	Pair Corr
0.5	MGA	Magna International Sell-off Trend	Pair Corr
0.48	PPERY	Bank Mandiri Persero	Pair Corr
0.44	BRDCY	Bridgestone Corp ADR	Pair Corr
0.42	PPERF	Bank Mandiri Persero	Pair Corr
0.35	MARUF	Marubeni	Pair Corr
0.33	EC	Ecopetrol SA ADR	Pair Corr
0.32	BKKLY	Bangkok Bank PCL	Pair Corr
0.66	DD	Dupont De Nemours	Pair Corr
0.56	MRK	Merck Company Earnings Call This Week	Pair Corr
0.55	TRV	The Travelers Companies	Pair Corr
0.54	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.48	KO	Coca Cola Aggressive Push	Pair Corr
0.46	DCI	Donaldson	Pair Corr
0.45	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.35	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.32	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.31	AA	Alcoa Corp Downward Rally	Pair Corr

Related Correlations Analysis

	NFGRF	ODDAF	CDTI	AFFL	FXLV	TOYRF	TALN	GFASY	GHST	ATHHF
NFGRF		-0.76	-0.66	-0.78	0.16	0.0	-0.46	-0.6	-0.19	-0.55	NFGRF
ODDAF	-0.76		0.55	0.74	-0.19	0.0	0.29	0.47	0.37	0.68	ODDAF
CDTI	-0.66	0.55		0.6	-0.16	0.0	0.26	0.61	0.0	0.3	CDTI
AFFL	-0.78	0.74	0.6		-0.29	0.0	0.44	0.67	0.22	0.49	AFFL
FXLV	0.16	-0.19	-0.16	-0.29		0.0	-0.31	-0.24	-0.15	-0.29	FXLV
TOYRF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TOYRF
TALN	-0.46	0.29	0.26	0.44	-0.31	0.0		0.51	-0.09	0.31	TALN
GFASY	-0.6	0.47	0.61	0.67	-0.24	0.0	0.51		0.32	0.32	GFASY
GHST	-0.19	0.37	0.0	0.22	-0.15	0.0	-0.09	0.32		0.39	GHST
ATHHF	-0.55	0.68	0.3	0.49	-0.29	0.0	0.31	0.32	0.39		ATHHF
	NFGRF	ODDAF	CDTI	AFFL	FXLV	TOYRF	TALN	GFASY	GHST	ATHHF

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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

AFFL	+ 0.74	ODDAF
ATHHF	+ 0.68	ODDAF
GFASY	+ 0.67	AFFL
GFASY	+ 0.61	CDTI
AFFL	+ 0.6	CDTI
CDTI	+ 0.55	ODDAF

High negative correlations

AFFL	- 0.78	NFGRF
ODDAF	- 0.76	NFGRF
CDTI	- 0.66	NFGRF
GFASY	- 0.6	NFGRF
ATHHF	- 0.55	NFGRF
TALN	- 0.46	NFGRF

Risk-Adjusted Indicators

There is a big difference between Free OTC Stock performing well and Free Flow 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 Free Flow'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
NFGRF	6.14	3.37	0.00	(1.43)	0.00	0.00	0.00	0.00	90.91
ODDAF	6.18	(0.55)	0.00	(0.22)	0.00	0.00	14.55	(16.18)	62.63
CDTI	3.37	(0.40)	0.00	0.60	0.00	0.00	7.37	(11.84)	43.34
AFFL	3.19	0.47	0.08	0.27	2.93	(20.74)	3.88	(7.02)	84.81
FXLV	416.68	219.43	3.21	8.03	37.98	(1,103)	809.09	(87.78)	9,993
TOYRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TALN	2.22	(0.58)	0.00	1.42	0.00	0.00	0.00	(14.29)	33.33
GFASY	9.63	1.05	0.03	(1.04)	14.43	(37.73)	38.46	(27.78)	155.66
GHST	3.50	0.11	0.01	0.17	4.69	(21.56)	17.65	(13.16)	50.29
ATHHF	15.71	0.93	0.06	0.23	17.52	(20.47)	32.99	(31.82)	92.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Free Flow 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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