Federal Home Correlations

FMCKK Stock  USD 16.75  0.23  1.39%   
The current 90-days correlation between Federal Home Loan and Federal Home Loan is 0.95 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal Home Loan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal Home Correlation With Market

Significant diversification

The correlation between Federal Home Loan and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Home Loan and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Federal Home 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 Home 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 Home - 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 Home Loan to buy it.

Moving together with Federal OTC Stock

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  0.97FREJO Federal Home LoanPairCorr
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  0.78DIS Walt Disney Earnings Call This WeekPairCorr
  0.71JPM JPMorgan ChasePairCorr
  0.61IBM International Business Upward RallyPairCorr

Moving against Federal OTC Stock

  0.72SHG Shinhan Financial Earnings Call This WeekPairCorr
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  0.65DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.57XOM Exxon Mobil Corp Earnings Call TodayPairCorr
  0.56HPQ HP IncPairCorr
  0.54PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.36AA Alcoa CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal Home 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 Federal Home'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Federal Home 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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