First Keystone Correlations

FKYS Stock

USD 14.13 0.19 1.36%

The current 90-days correlation between First Keystone Corp and Citizens Bancorp Investment is 0.08 (i.e., Significant diversification). The correlation of First Keystone 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.

First Keystone Correlation With Market

Significant diversification

The correlation between First Keystone Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Keystone Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Keystone 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 Keystone 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 Keystone - 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 Keystone Corp to buy it.

Moving against First Pink Sheet

0.4	CWPS	Conwest Assoc Part	Pair Corr
0.35	CMSQF	Computershare Limited	Pair Corr
0.33	SES	SES AI Corp	Pair Corr
0.52	SKSUF	Sekisui Chemical	Pair Corr
0.44	WZZAF	Wizz Air Holdings	Pair Corr
0.44	FATBP	FAT Brands	Pair Corr
0.38	MVST	Microvast Holdings	Pair Corr
0.36	GLBXF	Globex Mining Enterprises	Pair Corr

Related Correlations Analysis

	CBTN	GVFF	BKOR	MSWV	NWFL	CHMG	HFBL	RBKB	FNWD
CBTN		0.58	0.69	-0.73	-0.6	0.09	0.65	0.79	-0.71	CBTN
GVFF	0.58		0.42	-0.45	-0.26	0.15	0.34	0.51	-0.31	GVFF
BKOR	0.69	0.42		-0.46	-0.43	0.02	0.52	0.78	-0.45	BKOR
MSWV	-0.73	-0.45	-0.46		0.54	0.09	-0.49	-0.52	0.67	MSWV
NWFL	-0.6	-0.26	-0.43	0.54		0.52	-0.45	-0.52	0.59	NWFL
CHMG	0.09	0.15	0.02	0.09	0.52		0.01	0.09	0.21	CHMG
HFBL	0.65	0.34	0.52	-0.49	-0.45	0.01		0.5	-0.64	HFBL
RBKB	0.79	0.51	0.78	-0.52	-0.52	0.09	0.5		-0.35	RBKB
FNWD	-0.71	-0.31	-0.45	0.67	0.59	0.21	-0.64	-0.35		FNWD
	CBTN	GVFF	BKOR	MSWV	NWFL	CHMG	HFBL	RBKB	FNWD

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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

RBKB	+ 0.79	CBTN
RBKB	+ 0.78	BKOR
BKOR	+ 0.69	CBTN
FNWD	+ 0.67	MSWV
HFBL	+ 0.65	CBTN
FNWD	+ 0.59	NWFL

High negative correlations

MSWV	- 0.73	CBTN
FNWD	- 0.71	CBTN
FNWD	- 0.64	HFBL
NWFL	- 0.6	CBTN
RBKB	- 0.52	NWFL
RBKB	- 0.52	MSWV

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Keystone 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 Keystone'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
CBTN	0.73	0.20	0.00	(21.84)	0.00	0.00	3.33	(0.98)	10.23
GVFF	0.60	0.03	0.05	(0.21)	0.92	(2.87)	1.99	(2.57)	11.81
BKOR	0.36	0.01	0.12	7.89	0.50	(0.58)	0.73	(1.06)	3.50
MSWV	0.47	(0.03)	0.00	(0.26)	0.00	0.00	0.91	(1.11)	6.74
NWFL	1.61	(0.21)	0.00	(0.49)	0.00	0.00	2.45	(2.97)	15.74
CHMG	1.20	(0.13)	0.00	(0.39)	0.00	0.00	1.69	(2.46)	19.32
HFBL	1.49	0.07	0.05	0.14	2.12	(1.95)	5.67	(4.53)	13.32
RBKB	0.49	0.09	0.26	(5.57)	0.45	(0.58)	1.13	(1.24)	3.12
FNWD	1.04	(0.04)	0.00	(0.27)	0.00	0.00	2.12	(1.97)	8.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Keystone 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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