FIEI3F Correlations
| FIEI3F Stock | 14.39 0.35 2.37% |
The current 90-days correlation between FIEI3F and Indstrias Romi SA is -0.1 (i.e., Good diversification). The correlation of FIEI3F 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.
FIEI3F Correlation With Market
Pay attention - limited upside
The correlation between FIEI3F and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FIEI3F and DJI in the same portfolio, assuming nothing else is changed.
FIEI3F |
The ability to find closely correlated positions to FIEI3F could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FIEI3F 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 FIEI3F - 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 FIEI3F to buy it.
Moving against FIEI3F Stock
| 0.88 | H1SB34 | HSBC Holdings plc | PairCorr |
| 0.82 | GOGL34 | Alphabet Earnings Call This Week | PairCorr |
| 0.79 | B1SA34 | Banco Santander Chile Earnings Call Today | PairCorr |
| 0.79 | GOGL35 | Alphabet Earnings Call This Week | PairCorr |
| 0.68 | TSMC34 | Taiwan Semiconductor | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between FIEI3F Stock performing well and FIEI3F 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 FIEI3F'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KEPL3 | 1.49 | 0.62 | 0.36 | (3.79) | 0.92 | 5.83 | 16.32 | |||
| EUCA3 | 2.86 | 0.44 | 0.08 | (1.43) | 2.91 | 5.82 | 20.34 | |||
| OPCT3 | 1.15 | 0.27 | 0.19 | 0.54 | 0.88 | 3.02 | 6.50 | |||
| EUCA4 | 1.52 | 0.45 | 0.23 | (1.50) | 1.31 | 3.67 | 11.32 | |||
| VLID3 | 1.01 | 0.21 | 0.11 | 0.86 | 1.19 | 2.37 | 6.06 | |||
| TASA3 | 1.43 | 0.19 | 0.07 | 0.99 | 1.58 | 2.90 | 8.20 | |||
| TASA4 | 1.76 | 0.34 | 0.16 | 0.62 | 1.65 | 5.08 | 10.00 | |||
| ROMI3 | 0.86 | 0.16 | 0.08 | (0.83) | 0.78 | 1.89 | 4.16 |
FIEI3F Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FIEI3F stock to make a market-neutral strategy. Peer analysis of FIEI3F could also be used in its relative valuation, which is a method of valuing FIEI3F by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |