Free Flow Correlations
| FFLO Stock | USD 0.04 0.00 0.00% |
The current 90-days correlation between Free Flow and Odd Burger is -0.02 (i.e., Good diversification). 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
Average diversification
The correlation between Free Flow and DJI is 0.17 (i.e., Average 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.
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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 together with Free OTC Stock
| 0.7 | DNZOF | DENSO | PairCorr |
| 0.87 | DNZOY | Denso Corp ADR | PairCorr |
| 0.81 | APTV | Aptiv PLC | PairCorr |
| 0.63 | ICCT | iCoreConnect Common stock | PairCorr |
| 0.65 | KTRIF | KTRIF | PairCorr |
Moving against Free OTC Stock
| 0.86 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | EC | Ecopetrol SA ADR | PairCorr |
| 0.73 | MGA | Magna International | PairCorr |
| 0.71 | PTAIY | Astra International Tbk | PairCorr |
| 0.67 | CTTAF | Continental Aktiengesellscha | PairCorr |
| 0.64 | CTTAY | Continental AG PK | PairCorr |
| 0.63 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.6 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.45 | BRDCY | Bridgestone Corp ADR | PairCorr |
| 0.34 | BRDCF | Bridgestone | PairCorr |
| 0.97 | CUTLF | Canadian Utilities | PairCorr |
| 0.97 | SAFLY | Safilo Group SpA | PairCorr |
| 0.86 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.79 | KRYS | Krystal Biotech | PairCorr |
| 0.74 | BSRR | Sierra Bancorp | PairCorr |
| 0.71 | ZCUSX | Corn Futures | PairCorr |
| 0.69 | BSXGF | Belo Sun Mining | PairCorr |
| 0.63 | MMM | 3M Company | PairCorr |
| 0.5 | CCK | Crown Holdings | PairCorr |
| 0.46 | NOK | Nokia Corp ADR Aggressive Push | PairCorr |
| 0.37 | WFHG | World Financial Holding | PairCorr |
| 0.34 | BAP | Credicorp | PairCorr |
| 0.9 | LMND | Lemonade | PairCorr |
| 0.84 | AVRW | Avenir Wellness Solutions | PairCorr |
| 0.75 | TDAY | USA TODAY Co, Symbol Change | PairCorr |
| 0.69 | HKHHY | Heineken Holding | PairCorr |
| 0.65 | CRTTF | Cortus Metals | PairCorr |
| 0.61 | FCAP | First Capital | 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 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 | 5.05 | 2.78 | 0.00 | (1.04) | 0.00 | 0.00 | 90.91 | |||
| ODDAF | 5.95 | (1.35) | 0.00 | (1.34) | 0.00 | 11.65 | 44.77 | |||
| CDTI | 2.61 | (0.33) | 0.00 | 2.01 | 0.00 | 7.37 | 26.56 | |||
| AFFL | 3.76 | (0.05) | 0.00 | 0.04 | 6.63 | 10.54 | 84.81 | |||
| FXLV | 386.58 | 202.39 | 3.50 | 22.00 | 35.88 | 233.33 | 9,993 | |||
| TOYRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TALN | 3.16 | 0.57 | 0.00 | 3.92 | 0.00 | 16.67 | 65.00 | |||
| GFASY | 7.40 | 0.35 | 0.00 | (0.07) | 9.88 | 38.46 | 100.81 | |||
| GHST | 5.65 | (0.25) | 0.00 | (0.02) | 0.00 | 27.78 | 57.01 | |||
| ATHHF | 11.95 | (0.22) | 0.00 | 0.00 | 14.73 | 31.15 | 93.50 |
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.Did you try this?
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