Federal Life Correlations
| FLFG Stock | USD 16.25 0.00 0.00% |
The current 90-days correlation between Federal Life Group and FS Bancorp is -0.07 (i.e., Good diversification). The correlation of Federal Life 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.
Federal Life Correlation With Market
Poor diversification
The correlation between Federal Life Group and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Life Group and DJI in the same portfolio, assuming nothing else is changed.
Federal |
The ability to find closely correlated positions to Federal Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federal Life 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 Federal Life - 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 Federal Life Group to buy it.
Moving together with Federal Pink Sheet
| 0.74 | BBDO | Banco Bradesco SA | PairCorr |
| 0.71 | DUK-PA | Duke Energy | PairCorr |
| 0.86 | JOE | St Joe Company | PairCorr |
| 0.88 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.84 | SLSR | Solaris Resources | PairCorr |
| 0.86 | TATT | Tat Techno | PairCorr |
| 0.78 | USPH | US Physicalrapy | PairCorr |
| 0.7 | GS | Goldman Sachs Group | PairCorr |
| 0.78 | LAND | Gladstone Land Earnings Call This Week | PairCorr |
| 0.74 | MEEEF | Metal Energy Corp | PairCorr |
| 0.76 | BFS | Saul Centers | PairCorr |
| 0.75 | NNBR | NN Inc | PairCorr |
| 0.68 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.87 | INTC | Intel | PairCorr |
| 0.84 | FRSB | First Resource Bank | PairCorr |
| 0.67 | AES | AES Aggressive Push | PairCorr |
| 0.85 | TOGOF | TomaGold | PairCorr |
Moving against Federal Pink Sheet
| 0.81 | PBCRY | Bank Central Asia | PairCorr |
| 0.56 | PBCRF | PT Bank Central | PairCorr |
| 0.32 | BAM | Brookfield Asset Man Normal Trading | PairCorr |
| 0.57 | AFIIQ | Armstrong Flooring | 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 Federal Pink Sheet performing well and Federal Life 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 Federal Life'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSCFY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MFGI | 0.55 | 0.32 | 0.46 | 2.99 | 0.00 | 1.94 | 4.20 | |||
| FFMH | 0.42 | 0.18 | 0.17 | 2.14 | 0.00 | 1.40 | 3.26 | |||
| FXLG | 0.24 | 0.02 | (0.05) | 0.47 | 0.25 | 0.96 | 2.67 | |||
| CCFN | 0.89 | 0.21 | 0.12 | 1.17 | 0.64 | 2.97 | 8.67 |
Federal Life 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 Federal Life pink sheet to make a market-neutral strategy. Peer analysis of Federal Life could also be used in its relative valuation, which is a method of valuing Federal Life by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |