Forge Innovation Correlations

FGNV Stock

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The current 90-days correlation between Forge Innovation Dev and American Assets Trust is -0.07 (i.e., Good diversification). The correlation of Forge Innovation 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.

Forge Innovation Correlation With Market

Very weak diversification

The correlation between Forge Innovation Development and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forge Innovation Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Forge OTC Stock

0.73	CBRE	CBRE Group Class	Pair Corr
0.73	VTAGY	Vantage Towers AG	Pair Corr
0.65	KCDMY	Kimberly Clark de	Pair Corr
0.64	PGEZF	Group Ten Metals	Pair Corr
0.67	JUPGF	Jupiter Gold	Pair Corr
0.97	SPLPP	Steel Partners Holdings	Pair Corr
0.79	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.66	COMP	Compass Aggressive Push	Pair Corr
0.66	FIBK	First Interstate Ban Normal Trading	Pair Corr

Moving against Forge OTC Stock

0.5	DOCKF	Beyond Medical Techn	Pair Corr
0.37	VONOY	Vonovia SE ADR	Pair Corr
0.32	VNNVF	Vonovia SE	Pair Corr
0.31	CSGP	CoStar Group	Pair Corr
0.46	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	MMI	KW	PEB	FOR	JBGS	RLJ	XHR	AAT
MMI		-0.47	-0.73	-0.55	0.78	-0.72	-0.82	0.38	MMI
KW	-0.47		0.6	0.38	-0.49	0.64	0.65	-0.13	KW
PEB	-0.73	0.6		0.56	-0.52	0.89	0.87	-0.14	PEB
FOR	-0.55	0.38	0.56		-0.35	0.55	0.56	0.15	FOR
JBGS	0.78	-0.49	-0.52	-0.35		-0.66	-0.79	0.32	JBGS
RLJ	-0.72	0.64	0.89	0.55	-0.66		0.92	0.02	RLJ
XHR	-0.82	0.65	0.87	0.56	-0.79	0.92		-0.2	XHR
AAT	0.38	-0.13	-0.14	0.15	0.32	0.02	-0.2		AAT
	MMI	KW	PEB	FOR	JBGS	RLJ	XHR	AAT

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

XHR	+ 0.92	RLJ
RLJ	+ 0.89	PEB
XHR	+ 0.87	PEB
JBGS	+ 0.78	MMI
XHR	+ 0.65	KW
RLJ	+ 0.64	KW

High negative correlations

XHR	- 0.82	MMI
XHR	- 0.79	JBGS
PEB	- 0.73	MMI
RLJ	- 0.72	MMI
RLJ	- 0.66	JBGS
FOR	- 0.55	MMI

Risk-Adjusted Indicators

There is a big difference between Forge OTC Stock performing well and Forge Innovation 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 Forge Innovation'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
MMI	1.45	(0.14)	0.00	(2.46)	0.00	0.00	3.10	(2.89)	11.79
KW	1.38	0.43	0.37	0.68	0.49	(1.93)	2.40	(1.80)	33.54
PEB	1.61	0.20	0.14	0.27	1.25	(2.06)	4.19	(2.35)	11.55
FOR	1.86	0.10	0.07	0.16	2.01	(2.15)	4.69	(2.92)	12.07
JBGS	1.13	(0.21)	0.00	(0.51)	0.00	0.00	1.97	(2.61)	6.30
RLJ	1.36	0.18	0.15	0.25	1.11	(1.69)	3.87	(2.22)	8.37
XHR	1.28	0.27	0.20	0.37	0.99	(1.59)	3.33	(2.11)	7.84
AAT	0.97	(0.01)	(0.06)	0.04	1.19	(1.06)	2.26	(1.61)	7.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Forge Innovation 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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