FineMark Holdings Correlations

FNBT Stock

USD 27.32 0.07 0.26%

The current 90-days correlation between FineMark Holdings and Huntington Bancshares Incorporated is 0.04 (i.e., Significant diversification). The correlation of FineMark Holdings 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.

FineMark Holdings Correlation With Market

Significant diversification

The correlation between FineMark Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FineMark Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FineMark Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FineMark Holdings 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 FineMark Holdings - 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 FineMark Holdings to buy it.

Moving together with FineMark OTC Stock

0.7	CIHKY	China Merchants Bank	Pair Corr
0.68	CIHHF	China Merchants Bank	Pair Corr
0.85	USB-PH	US Bancorp	Pair Corr
0.66	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.91	AAC	Ares Acquisition	Pair Corr
0.91	TRCA	Twin Ridge Capital	Pair Corr
0.78	ARTE	Artemis Strategic	Pair Corr
0.89	APAC	Stonebridge Acquisition Symbol Change	Pair Corr
0.74	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.64	DIS	Walt Disney Sell-off Trend	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.77	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr

Moving against FineMark OTC Stock

0.92	BBAS3	Banco do Brasil	Pair Corr
0.56	BBDC4	Banco Bradesco SA	Pair Corr
0.45	BNPQY	BNP Paribas SA	Pair Corr
0.44	CVI	CVR Energy	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.67	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	HBAN	KEY	CFG	WAL	USB
HBAN		0.99	0.97	0.84	0.95	HBAN
KEY	0.99		0.98	0.87	0.93	KEY
CFG	0.97	0.98		0.82	0.91	CFG
WAL	0.84	0.87	0.82		0.8	WAL
USB	0.95	0.93	0.91	0.8		USB
	HBAN	KEY	CFG	WAL	USB

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Risk-Adjusted Indicators

There is a big difference between FineMark OTC Stock performing well and FineMark Holdings 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 FineMark Holdings' 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
HBAN	1.26	0.08	0.18	0.17	0.88	(1.62)	2.75	(2.28)	14.20
KEY	1.41	(0.06)	0.08	0.10	1.37	(1.61)	2.99	(2.54)	19.76
CFG	1.36	(0.06)	0.05	0.10	1.42	(1.62)	2.97	(2.80)	19.14
WAL	1.88	(0.06)	0.06	0.10	2.14	(2.32)	3.91	(3.17)	19.53
USB	1.35	0.02	0.08	0.14	1.16	(1.68)	2.86	(2.31)	10.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in FineMark Holdings 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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