Fame Productions Correlations
| FMPR Stock | USD 0 0 100.00% |
The current 90-days correlation between Fame Productions and Sycamore Entmt Grp is 0.22 (i.e., Modest diversification). The correlation of Fame Productions 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.
Fame Productions Correlation With Market
Significant diversification
The correlation between Fame Productions and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fame Productions and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Fame Productions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fame Productions 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 Fame Productions - 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 Fame Productions to buy it.
Moving together with Fame Pink Sheet
| 0.91 | RELX | Relx PLC ADR | PairCorr |
| 0.89 | RLXXF | Relx PLC | PairCorr |
| 0.76 | PSO | Pearson PLC ADR | PairCorr |
| 0.67 | PSORF | Pearson plc | PairCorr |
| 0.74 | SBSNY | Schibsted ASA ADR | PairCorr |
Moving against Fame Pink Sheet
| 0.87 | IFPJF | Informa plc | PairCorr |
| 0.87 | NYT | New York Times | PairCorr |
| 0.86 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.55 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.53 | PBCRY | Bank Central Asia | PairCorr |
| 0.38 | PBCRF | PT Bank Central | PairCorr |
| 0.89 | MBX | MBX Biosciences, Common | PairCorr |
| 0.87 | JCAP | Jefferson Capital, Common Normal Trading | PairCorr |
| 0.81 | ZNWLF | Zinnwald Lithium Plc | PairCorr |
| 0.8 | GRAF | Graf Global Corp | PairCorr |
| 0.77 | ISRG | Intuitive Surgical | PairCorr |
| 0.74 | IBIDF | Ibiden CoLtd | PairCorr |
| 0.63 | NHYDY | Norsk Hydro ASA | PairCorr |
| 0.57 | CGIUF | ESR REIT | PairCorr |
| 0.54 | PFE | Pfizer Inc | PairCorr |
| 0.46 | NVTQF | Trench Metals Corp | PairCorr |
| 0.44 | HBB | Hamilton Beach Brands | PairCorr |
| 0.35 | TSMWF | Taiwan Semiconductor | PairCorr |
| 0.87 | PMYLF | Boab Metals Limited | PairCorr |
| 0.86 | PZCUY | PZ Cussons PLC | PairCorr |
| 0.85 | GOOGL | Alphabet Class A Sell-off Trend | PairCorr |
| 0.77 | ORIQ | Origin Investment Corp | PairCorr |
| 0.69 | ORRF | Orrstown Financial | PairCorr |
| 0.66 | VRTX | Vertex Pharmaceuticals | 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
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Risk-Adjusted Indicators
There is a big difference between Fame Pink Sheet performing well and Fame Productions 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 Fame Productions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EEGI | 20.14 | 4.70 | 0.10 | (1.08) | 17.43 | 100.00 | 150.00 | |||
| VNUE | 9.40 | (1.36) | 0.00 | (0.33) | 0.00 | 26.67 | 103.33 | |||
| AZTEF | 0.99 | 0.64 | 0.00 | (0.24) | 0.00 | 0.00 | 33.33 | |||
| NWTT | 8.82 | 3.34 | 0.00 | (0.67) | 0.00 | 0.00 | 150.00 | |||
| AFOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MRNJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BYOC | 3.01 | 0.74 | 0.00 | 16.01 | 0.00 | 0.00 | 150.00 | |||
| WWRL | 9.63 | 3.22 | 0.00 | (2.67) | 0.00 | 0.00 | 172.35 | |||
| DBMM | 7.92 | 0.19 | 0.00 | (0.09) | 9.02 | 20.00 | 44.44 | |||
| SEGI | 12.45 | 1.16 | 0.04 | (0.22) | 12.92 | 25.00 | 83.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fame Productions 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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Fame Productions Corporate Management
| Jason Claiborne | Treasurer Sec | Profile | |
| Leonard Burnett | VP | Profile | |
| Michael Armandi | Interim Director | Profile | |
| Brett Wright | CEO Chairman | Profile |