Fathom Nickel Correlations

FNICF Stock

USD 0.03 0 4.56%

The current 90-days correlation between Fathom Nickel and EDM Resources is -0.16 (i.e., Good diversification). The correlation of Fathom Nickel 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.

Fathom Nickel Correlation With Market

Poor diversification

The correlation between Fathom Nickel and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fathom Nickel and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fathom OTC Stock

0.81	BHPLF	BHP Group Limited Earnings Call Tomorrow	Pair Corr
0.87	RIO	Rio Tinto ADR Earnings Call This Week	Pair Corr
0.87	BHP	BHP Group Limited Earnings Call Tomorrow	Pair Corr
0.84	RTNTF	Rio Tinto Group Earnings Call This Week	Pair Corr
0.87	RTPPF	Rio Tinto Group Earnings Call This Week	Pair Corr
0.9	GLCNF	Glencore PLC Earnings Call This Week	Pair Corr
0.9	GLNCY	Glencore PLC ADR Earnings Call This Week	Pair Corr
0.9	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.85	SLSR	Solaris Resources	Pair Corr
0.71	MXCHY	Orbia Advance Corp	Pair Corr
0.84	MTGRF	Mount Gibson Iron Earnings Call Tomorrow	Pair Corr
0.88	FRSB	First Resource Bank	Pair Corr
0.84	INTC	Intel	Pair Corr
0.81	NTZ	Natuzzi SpA	Pair Corr
0.82	LAND	Gladstone Land	Pair Corr
0.87	JOE	St Joe Company	Pair Corr
0.75	NNBR	NN Inc	Pair Corr
0.9	BLAGF	Blue Lagoon Resources	Pair Corr

Moving against Fathom OTC Stock

0.81	PBCRY	Bank Central Asia	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.55	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	NLRCF	SWNLF	CVVRF	RKMSF	AMLM	OWRDF	MACQF	ALTAF	CRGP	ABEPF
NLRCF		-0.59	-0.25	-0.38	-0.63	0.18	0.09	-0.17	0.0	-0.33	NLRCF
SWNLF	-0.59		0.83	0.77	0.88	-0.47	-0.04	0.49	0.0	0.54	SWNLF
CVVRF	-0.25	0.83		0.73	0.75	-0.6	0.01	0.39	0.0	0.45	CVVRF
RKMSF	-0.38	0.77	0.73		0.75	-0.41	-0.03	0.6	0.0	0.66	RKMSF
AMLM	-0.63	0.88	0.75	0.75		-0.37	0.0	0.37	0.0	0.55	AMLM
OWRDF	0.18	-0.47	-0.6	-0.41	-0.37		-0.06	-0.25	0.0	-0.23	OWRDF
MACQF	0.09	-0.04	0.01	-0.03	0.0	-0.06		0.01	0.0	0.07	MACQF
ALTAF	-0.17	0.49	0.39	0.6	0.37	-0.25	0.01		0.0	0.39	ALTAF
CRGP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CRGP
ABEPF	-0.33	0.54	0.45	0.66	0.55	-0.23	0.07	0.39	0.0		ABEPF
	NLRCF	SWNLF	CVVRF	RKMSF	AMLM	OWRDF	MACQF	ALTAF	CRGP	ABEPF

Please upgrade your account to get full access to Macroaxis premium features

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

AMLM	+ 0.88	SWNLF
CVVRF	+ 0.83	SWNLF
RKMSF	+ 0.77	SWNLF
AMLM	+ 0.75	CVVRF
AMLM	+ 0.75	RKMSF
RKMSF	+ 0.73	CVVRF

High negative correlations

AMLM	- 0.63	NLRCF
OWRDF	- 0.6	CVVRF
SWNLF	- 0.59	NLRCF
OWRDF	- 0.47	SWNLF
OWRDF	- 0.41	RKMSF
RKMSF	- 0.38	NLRCF

Risk-Adjusted Indicators

There is a big difference between Fathom OTC Stock performing well and Fathom Nickel 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 Fathom Nickel'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
NLRCF	4.14	0.49	0.03	1.46	6.00	(10.25)	14.75	(15.05)	59.01
SWNLF	5.01	1.87	0.00	0.69	0.00	0.00	18.75	(4.35)	77.14
CVVRF	186.03	89.20	0.00	1.08	0.00	0.00	0.00	0.00	6,239
RKMSF	9.87	2.44	0.11	1.11	10.49	(19.73)	29.17	(23.08)	148.33
AMLM	8.69	1.68	0.13	(2.61)	9.85	(10.17)	22.87	(15.43)	77.40
OWRDF	6.87	1.05	0.04	(0.39)	8.45	(26.10)	35.00	(19.47)	84.43
MACQF	1.91	0.26	0.00	0.47	0.00	0.00	0.00	0.00	92.21
ALTAF	25.47	10.94	0.00	(1.25)	0.00	0.00	60.00	(31.25)	685.71
CRGP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABEPF	10.17	1.21	0.10	1.30	10.61	(14.17)	28.38	(20.78)	74.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fathom Nickel 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?

Run ETF Categories Now

ETF Categories

List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC