First Niles Correlations

FNFPA Stock

USD 3.80 0.00 0.00%

The correlation of First Niles 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 Niles Correlation With Market

Significant diversification

The correlation between First Niles Financial 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 First Niles Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Niles 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 Niles 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 Niles - 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 Niles Financial to buy it.

Moving together with First Pink Sheet

0.69	INPAP	International Paper	Pair Corr
0.85	PTXLF	PTT Exploration And	Pair Corr
0.84	BULL	Webull Corp	Pair Corr

Moving against First Pink Sheet

0.85	REGN	Regeneron Pharmaceuticals	Pair Corr
0.7	SHIP	Seanergy Maritime	Pair Corr
0.67	ERHE	ERHC Energy	Pair Corr
0.81	RLMD	Relmada Therapeutics	Pair Corr
0.76	APGE	Apogee Therapeutics,	Pair Corr
0.66	PHAR	Pharming Group NV	Pair Corr
0.62	EGP	EastGroup Properties	Pair Corr
0.52	IDN	Intellicheck Mobilisa	Pair Corr
0.52	NOEM	CO2 Energy Transition	Pair Corr
0.47	SMGKF	Smiths Group plc	Pair Corr
0.4	HMDCF	HUTCHMED Limited	Pair Corr
0.34	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.31	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.93	CHACR	Crane Harbor Acquisition	Pair Corr
0.79	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.77	GM	General Motors	Pair Corr
0.75	AKAM	Akamai Technologies	Pair Corr
0.66	68233JBP8	US68233JBP84	Pair Corr
0.5	ARRXF	Archer Materials	Pair Corr

Related Correlations Analysis

	MCPH	SUGR	IDFB	CCFC	VERF	UFCP	AMSA	WAKE	FPBC	AVFCF
MCPH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MCPH
SUGR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SUGR
IDFB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IDFB
CCFC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.14	0.0	CCFC
VERF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VERF
UFCP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	1.0	UFCP
AMSA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AMSA
WAKE	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WAKE
FPBC	0.0	0.0	0.0	0.14	0.0	0.0	0.0	0.0		0.0	FPBC
AVFCF	0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0		AVFCF
	MCPH	SUGR	IDFB	CCFC	VERF	UFCP	AMSA	WAKE	FPBC	AVFCF

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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

AVFCF	+ 1.0	UFCP
FPBC	+ 0.14	CCFC
SUGR	+ 0.0	MCPH
IDFB	+ 0.0	MCPH
CCFC	+ 0.0	MCPH
VERF	+ 0.0	MCPH

High negative correlations

AVFCF	- 0.0	FPBC
AVFCF	- 0.0	WAKE
FPBC	- 0.0	WAKE
AVFCF	- 0.0	AMSA
FPBC	- 0.0	AMSA
WAKE	- 0.0	AMSA

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Niles 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 Niles' 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
MCPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SUGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDFB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCFC	0.68	0.19	0.00	0.49	0.00	0.00	0.96	(0.87)	12.50
VERF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UFCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WAKE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPBC	0.39	0.00	(0.04)	0.10	0.68	(1.17)	0.97	(1.50)	6.29
AVFCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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