First Tractor Correlations

FIRRFDelisted Stock

USD 0.74 0.00 0.00%

The correlation of First Tractor 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.

First Tractor Correlation With Market

Pay attention - limited upside

The correlation between First Tractor and DJI is -0.79 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tractor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against First Pink Sheet

0.76	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.72	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.69	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.6	NVDA	NVIDIA Aggressive Push	Pair Corr
0.57	BMYMP	Bristol Myers Squibb	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.52	WF	Woori Financial Group	Pair Corr
0.51	SHG	Shinhan Financial	Pair Corr
0.44	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.85	CMA	Comerica Incorporated	Pair Corr
0.82	CLEGF	Coles Group Earnings Call Tomorrow	Pair Corr
0.82	SBKO	Summit Bank Group	Pair Corr
0.75	VOD	Vodafone Group PLC	Pair Corr
0.75	IFS	Intercorp Financial	Pair Corr
0.75	STRS	Stratus Properties	Pair Corr
0.73	CING	Cingulate	Pair Corr
0.73	WLK	Westlake Chemical	Pair Corr
0.71	WEJTY	Webjet Limited	Pair Corr
0.66	MTZ	MasTec Inc Earnings Call Today	Pair Corr
0.61	FLFG	Federal Life Group	Pair Corr
0.5	BYM	BlackRock Municipal	Pair Corr
0.45	TG	Tredegar	Pair Corr
0.44	ACGL	Arch Capital Group	Pair Corr
0.39	AOIFF	Africa Oil Corp	Pair Corr
0.95	ADEA	ADEIA P Tech Boost	Pair Corr
0.8	MFGCF	Mayfair Gold Corp	Pair Corr
0.79	NTRSO	Northern Trust	Pair Corr
0.79	SBYSF	Sibanye Stillwater	Pair Corr
0.78	CCL	Carnival	Pair Corr
0.72	DAWN	Day One Biopharmaceu	Pair Corr

Related Correlations Analysis

	LKHLY	GYUAF	LONKF	FGROY	CCVTF	SWRBY	RMGNF	WKRCF	SGHIF	MPGPY
LKHLY		0.0	0.0	0.0	-1.0	0.0	-1.0	0.0	0.0	0.0	LKHLY
GYUAF	0.0		0.31	-0.11	0.0	0.45	0.0	-0.12	0.0	-0.26	GYUAF
LONKF	0.0	0.31		-0.51	0.0	0.86	0.0	-0.18	0.0	-0.92	LONKF
FGROY	0.0	-0.11	-0.51		0.0	-0.58	0.0	-0.33	0.0	0.55	FGROY
CCVTF	-1.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	CCVTF
SWRBY	0.0	0.45	0.86	-0.58	0.0		0.0	0.0	0.0	-0.84	SWRBY
RMGNF	-1.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	RMGNF
WKRCF	0.0	-0.12	-0.18	-0.33	0.0	0.0	0.0		0.0	0.19	WKRCF
SGHIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SGHIF
MPGPY	0.0	-0.26	-0.92	0.55	0.0	-0.84	0.0	0.19	0.0		MPGPY
	LKHLY	GYUAF	LONKF	FGROY	CCVTF	SWRBY	RMGNF	WKRCF	SGHIF	MPGPY

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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

RMGNF	+ 1.0	CCVTF
SWRBY	+ 0.86	LONKF
MPGPY	+ 0.55	FGROY
SWRBY	+ 0.45	GYUAF
LONKF	+ 0.31	GYUAF
MPGPY	+ 0.19	WKRCF

High negative correlations

RMGNF	- 1.0	LKHLY
CCVTF	- 1.0	LKHLY
MPGPY	- 0.92	LONKF
MPGPY	- 0.84	SWRBY
SWRBY	- 0.58	FGROY
FGROY	- 0.51	LONKF

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Tractor 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 First Tractor'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
LKHLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GYUAF	1.14	0.50	0.00	1.53	0.00	0.00	0.00	0.00	38.19
LONKF	0.27	0.13	0.00	(6.45)	0.00	0.00	0.00	0.00	9.09
FGROY	0.43	(0.11)	0.00	(0.48)	0.00	0.00	0.00	(0.38)	16.52
CCVTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWRBY	0.79	0.14	0.01	(0.52)	0.99	(2.31)	2.95	(2.22)	8.81
RMGNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WKRCF	1.01	(0.07)	0.00	(0.19)	0.00	0.00	0.00	0.00	52.08
SGHIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MPGPY	1.89	(0.59)	0.00	0.59	0.00	0.00	0.00	0.00	62.93

First Tractor 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 First Tractor pink sheet to make a market-neutral strategy. Peer analysis of First Tractor could also be used in its relative valuation, which is a method of valuing First Tractor by comparing valuation metrics with similar companies.

Lonking Holdings Ltd GS Yuasa Lonking Holdings Limited FirstGroup PLC ADR China Conch Venture Swire Pacific Ltd RHI Magnesita NV Wacker Neuson SE Shanghai Industrial Holdings Pagegroup PLC ADR American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

First Tractor Corporate Management

Kejun Wang	Deputy Mang	Profile
Liwen Yi	Head Department	Profile
Wensheng Su	Deputy General Manager	Profile
Lina Yu	Investor Relationship Manager and Secretary to the Board	Profile

Still Interested in First Tractor?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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