Fund Correlations

FNDM Stock

USD 2.24 0.00 0.00%

The current 90-days correlation between Fund Inc and Morgan Stanley is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fund Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fund Correlation With Market

Significant diversification

The correlation between Fund Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fund Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fund Pink Sheet

0.67	NVDA	NVIDIA	Pair Corr
0.67	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr

Moving against Fund Pink Sheet

0.8	AMIX	Autonomix Medical, Common	Pair Corr
0.53	PPERF	Bank Mandiri Persero	Pair Corr
0.51	BKRKF	PT Bank Rakyat	Pair Corr
0.39	BKRKY	Bank Rakyat	Pair Corr
0.39	TLK	Telkom Indonesia Tbk	Pair Corr
0.38	PPERY	Bank Mandiri Persero	Pair Corr
0.35	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	MS	GS	SCHW	IBKR	GS-PA	MS-PA	GS-PD	MS-PK
MS		0.95	0.97	0.96	0.74	0.74	0.69	0.1	MS
GS	0.95		0.94	0.92	0.65	0.62	0.58	0.0	GS
SCHW	0.97	0.94		0.94	0.71	0.7	0.66	0.06	SCHW
IBKR	0.96	0.92	0.94		0.66	0.72	0.56	0.21	IBKR
GS-PA	0.74	0.65	0.71	0.66		0.89	0.89	0.33	GS-PA
MS-PA	0.74	0.62	0.7	0.72	0.89		0.82	0.52	MS-PA
GS-PD	0.69	0.58	0.66	0.56	0.89	0.82		0.21	GS-PD
MS-PK	0.1	0.0	0.06	0.21	0.33	0.52	0.21		MS-PK
	MS	GS	SCHW	IBKR	GS-PA	MS-PA	GS-PD	MS-PK

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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

SCHW	+ 0.97	MS
IBKR	+ 0.96	MS
GS	+ 0.95	MS
SCHW	+ 0.94	GS
IBKR	+ 0.94	SCHW
IBKR	+ 0.92	GS

High negative correlations

MS-PK

- 0.0

Risk-Adjusted Indicators

There is a big difference between Fund Pink Sheet performing well and Fund 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 Fund'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
MS	1.29	0.21	0.25	0.22	0.87	(1.57)	3.08	(2.30)	13.93
GS	1.34	0.01	0.12	0.13	1.27	(1.51)	2.50	(2.27)	15.41
SCHW	1.06	0.26	0.20	0.41	0.69	(1.14)	2.77	(1.39)	9.62
IBKR	1.27	0.49	0.35	0.45	0.81	(1.52)	3.15	(1.75)	13.76
GS-PA	0.52	0.04	(0.12)	(0.43)	0.69	(0.52)	1.25	(1.09)	3.06
MS-PA	0.40	0.10	(0.05)	(1.29)	0.29	(0.47)	0.90	(0.77)	2.33
GS-PD	0.47	0.02	(0.14)	3.20	0.64	(0.47)	0.79	(1.13)	3.14
MS-PK	0.36	0.04	(0.25)	(0.50)	0.26	(0.46)	0.80	(0.55)	1.78

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