First National Correlations

FNEC Stock

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The current 90-days correlation between First National Energy and Greenbriar Capital Corp is -0.02 (i.e., Good diversification). The correlation of First National 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.

First National Correlation With Market

Very good diversification

The correlation between First National Energy and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First National Energy and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First Pink Sheet

0.69	SOJC	Southern	Pair Corr
0.7	TLN	Talen Energy	Pair Corr
0.75	CMSA	CMS Energy Corp	Pair Corr
0.63	DTW	DTE Energy	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.73	MSFT	Microsoft	Pair Corr

Moving against First Pink Sheet

0.69	FTV	Fortive Corp	Pair Corr
0.65	ERHE	ERHC Energy	Pair Corr
0.48	AA	Alcoa Corp	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.7	AXP	American Express	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.6	MRK	Merck Company	Pair Corr
0.58	JNJ	Johnson Johnson	Pair Corr
0.57	MMM	3M Company	Pair Corr
0.49	JPM	JPMorgan Chase	Pair Corr
0.44	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	GEBRF	CPWR	PWCO	ASRE	VXIT	IICN	ALCE	GSFI	GRGR	MMMW
GEBRF		-0.08	0.1	-0.26	-0.38	0.0	-0.35	0.0	0.0	-0.16	GEBRF
CPWR	-0.08		-0.18	-0.46	0.59	0.0	-0.42	0.0	0.0	-0.16	CPWR
PWCO	0.1	-0.18		0.05	-0.43	0.0	0.1	0.0	0.0	0.2	PWCO
ASRE	-0.26	-0.46	0.05		-0.35	0.0	0.89	0.0	0.0	0.04	ASRE
VXIT	-0.38	0.59	-0.43	-0.35		0.0	-0.23	0.0	0.0	-0.06	VXIT
IICN	0.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	IICN
ALCE	-0.35	-0.42	0.1	0.89	-0.23	0.0		0.0	0.0	0.05	ALCE
GSFI	0.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	GSFI
GRGR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GRGR
MMMW	-0.16	-0.16	0.2	0.04	-0.06	0.0	0.05	0.0	0.0		MMMW
	GEBRF	CPWR	PWCO	ASRE	VXIT	IICN	ALCE	GSFI	GRGR	MMMW

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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

GSFI	+ 1.0	IICN
ALCE	+ 0.89	ASRE
VXIT	+ 0.59	CPWR
MMMW	+ 0.2	PWCO
PWCO	+ 0.1	GEBRF
ALCE	+ 0.1	PWCO

High negative correlations

ASRE	- 0.46	CPWR
VXIT	- 0.43	PWCO
ALCE	- 0.42	CPWR
VXIT	- 0.38	GEBRF
VXIT	- 0.35	ASRE
ALCE	- 0.35	GEBRF

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First National 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 First National'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
GEBRF	41.64	18.69	0.39	(29.50)	18.43	(92.57)	177.78	(55.00)	622.93
CPWR	54.04	25.52	0.52	(2.82)	15.70	(318.73)	60.95	(36.36)	678.05
PWCO	9.90	1.95	0.09	(1.34)	9.34	(34.49)	35.42	(21.85)	96.81
ASRE	10.36	(0.46)	0.00	(0.17)	0.00	0.00	24.18	(21.87)	62.21
VXIT	12.13	1.91	0.09	2.36	10.77	(30.57)	33.33	(25.00)	91.67
IICN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALCE	12.47	(3.71)	0.00	(0.42)	0.00	0.00	28.57	(42.07)	189.10
GSFI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMMW	8.85	1.00	0.04	(0.87)	10.85	(20.42)	31.25	(20.00)	107.54

Be your own money manager

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