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.
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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
0.97 | FREJP | Federal Home 530 | PairCorr |
0.97 | FREJO | Federal Home Loan | PairCorr |
0.84 | MUFG | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
0.77 | MBFJF | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
0.85 | SMFG | Sumitomo Mitsui Financial Sell-off Trend | PairCorr |
0.76 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
0.83 | MFG | Mizuho Financial Earnings Call Today | PairCorr |
0.76 | MZHOF | Mizuho Financial Earnings Call Today | PairCorr |
0.86 | EXCH | Exchange Bankshares | PairCorr |
0.81 | TGNA | Tegna Inc | PairCorr |
0.84 | AXP | American Express | PairCorr |
0.78 | DIS | Walt Disney Earnings Call This Week | PairCorr |
0.71 | JPM | JPMorgan Chase | PairCorr |
0.61 | IBM | International Business Upward Rally | PairCorr |
Moving against Federal OTC Stock
0.72 | SHG | Shinhan Financial Earnings Call This Week | PairCorr |
0.61 | KB | KB Financial Group Earnings Call This Week | PairCorr |
0.8 | KO | Coca Cola Earnings Call This Week | PairCorr |
0.65 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
0.57 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
0.56 | HPQ | HP Inc | PairCorr |
0.54 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
0.36 | AA | Alcoa Corp | PairCorr |
Related Correlations Analysis
0.99 | 0.99 | 0.99 | 0.98 | FMCKP | ||
0.99 | 1.0 | 1.0 | 0.98 | FMCCP | ||
0.99 | 1.0 | 0.99 | 0.97 | FMCCH | ||
0.99 | 1.0 | 0.99 | 0.98 | FMCCO | ||
0.98 | 0.98 | 0.97 | 0.98 | FMCCK | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FMCKP | 3.82 | 1.54 | 0.51 | 27.04 | 1.47 | 9.74 | 76.98 | |||
FMCCP | 3.06 | 1.53 | 0.62 | 154.59 | 0.95 | 4.96 | 78.20 | |||
FMCCH | 3.77 | 1.68 | 0.52 | (7.21) | 1.89 | 5.86 | 91.37 | |||
FMCCO | 3.57 | 1.43 | 0.41 | (15.49) | 1.85 | 7.50 | 72.82 | |||
FMCCK | 3.66 | 1.61 | 0.49 | 45.31 | 1.81 | 5.65 | 82.60 |
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.Did you try this?
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