Flying Nickel Correlations
| FLYNFDelisted Stock | USD 0.03 0.0003 1.14% |
The current 90-days correlation between Flying Nickel Mining and Core Assets Corp is 0.03 (i.e., Significant diversification). The correlation of Flying Nickel 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.
Flying Nickel Correlation With Market
Very good diversification
The correlation between Flying Nickel Mining and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flying Nickel Mining and DJI in the same portfolio, assuming nothing else is changed.
Flying |
The ability to find closely correlated positions to Flying Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flying Nickel 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 Flying Nickel - 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 Flying Nickel Mining to buy it.
Moving together with Flying OTC Stock
| 0.61 | GLCNF | Glencore PLC | PairCorr |
| 0.62 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.63 | CNCK | Coincheck Group NV | PairCorr |
Moving against Flying OTC Stock
| 0.71 | JNJ | Johnson Johnson | PairCorr |
| 0.7 | TRV | The Travelers Companies | PairCorr |
| 0.66 | MCD | McDonalds | PairCorr |
| 0.6 | RIO | Rio Tinto ADR | PairCorr |
| 0.59 | WM | Waste Management | PairCorr |
| 0.53 | INTC | Intel | PairCorr |
| 0.49 | RTPPF | Rio Tinto Group | PairCorr |
| 0.49 | MMM | 3M Company | PairCorr |
| 0.48 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.4 | BHP | BHP Group Limited | PairCorr |
| 0.38 | DD | Dupont De Nemours | PairCorr |
| 0.37 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.35 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Flying OTC Stock performing well and Flying Nickel 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 Flying Nickel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EUMNF | 6.50 | 0.90 | 0.07 | 0.83 | 6.89 | 21.74 | 58.91 | |||
| LMMFF | 2.98 | (0.72) | 0.00 | (0.44) | 0.00 | 6.14 | 66.54 | |||
| BSHVF | 94.47 | 46.94 | 0.00 | 5.00 | 0.00 | 300.00 | 1,874 | |||
| CCOOF | 4.92 | 0.25 | 0.04 | (0.31) | 5.42 | 9.62 | 44.87 | |||
| GGTHF | 28.63 | 10.96 | 0.30 | 6.00 | 17.67 | 86.78 | 386.21 | |||
| FWEDF | 2.34 | 0.33 | 0.11 | (0.99) | 2.44 | 6.93 | 15.65 | |||
| AVCVF | 0.59 | (0.32) | 0.00 | 0.58 | 0.00 | 0.00 | 15.32 | |||
| GBLEF | 5.62 | 0.93 | 0.04 | 0.33 | 8.55 | 18.52 | 105.35 | |||
| LEMIF | 9.27 | 1.95 | 0.15 | 0.81 | 10.72 | 27.91 | 89.01 | |||
| MSMGF | 3.83 | 0.03 | 0.00 | (0.03) | 5.32 | 11.37 | 37.58 |
View Flying Nickel Related Equities
| Risk & Return | Correlation |
Flying Nickel Corporate Management
Elected by the shareholders, the Flying Nickel's board of directors comprises two types of representatives: Flying Nickel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flying. The board's role is to monitor Flying Nickel's management team and ensure that shareholders' interests are well served. Flying Nickel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flying Nickel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CA CGA | Chief Officer | Profile | |
| John CFA | Interim Chairman | Profile | |
| Robert Drunen | Chief Officer | Profile | |
| Nadia Traversa | Co Sec | Profile |
Still Interested in Flying Nickel Mining?
Investing in delisted otcs can be risky, as the otc stock 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.