Federal Natl Correlations

OTC Stocks . USA . 
Stock . Federal Natl Mtg
FNMAH Stock  USD 8.38  0.31  3.57%   
The current 90-days correlation between Federal Natl Mtg and Federal National Mortgage is 0.92 (i.e., Almost no diversification). The correlation of Federal Natl 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.

Federal Natl Correlation With Market

Very weak diversification

The correlation between Federal Natl Mtg and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Natl Mtg and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Federal Natl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federal Natl 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 Federal Natl - 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 Federal Natl Mtg to buy it.

Moving together with Federal OTC Stock

  1.0FMCCT Federal Home LoanPairCorr
  0.76COOP Mr Cooper GroupPairCorr
  1.0FNMAS Federal National MortgagePairCorr
  1.0FNMAT Federal National MortgagePairCorr
  1.0FNMFN Federal National MortgagePairCorr
  0.98FNMAN Federal National MortgagePairCorr
  1.0FNMAM Federal National MortgagePairCorr
  0.71FSTF First State FinancialPairCorr
  0.72NOG Northern Oil GasPairCorr
  0.92LMND LemonadePairCorr
  0.79QUBT Quantum Computing TrendingPairCorr
  0.8LLYVK Liberty MediaPairCorr
  0.9CFLT ConfluentPairCorr
  0.74RCAT Red Cat Holdings TrendingPairCorr
  0.92ET Energy Transfer LP Aggressive PushPairCorr
  0.85ADSK AutodeskPairCorr
  0.85MRVL Marvell Technology Earnings Call TomorrowPairCorr
  0.87CTAS CintasPairCorr
  0.86CRM Salesforce Earnings Call TodayPairCorr
  0.76STLD Steel Dynamics Fiscal Year End 28th of January 2025 PairCorr
  0.95DXYZ Destiny Tech100PairCorr
  0.72PYPL PayPal Holdings Aggressive PushPairCorr
  0.9SCHW Charles Schwab Corp Fiscal Year End 15th of January 2025 PairCorr
  0.93BAC Bank of America Aggressive PushPairCorr
  0.75SNOW Snowflake TrendingPairCorr
  0.7KSCP Knightscope Upward RallyPairCorr

Moving against Federal OTC Stock

  0.82RKT Rocket CompaniesPairCorr
  0.73UWMC UWM Holdings Corp Sell-off TrendPairCorr
  0.47871829BH9 SYSCO P 445PairCorr
  0.64PHIL PHI GroupPairCorr
  0.35AMIX Autonomix Medical, Common Downward RallyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal Natl 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 Federal Natl'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FNMAJ  3.71  1.07  0.57  0.29  2.04 
(4.79)
 8.02 
(4.03)
 77.94 
FMCKJ  3.59  0.97  0.66  0.25  1.51 
(4.76)
 4.95 
(3.39)
 82.24 
FNMAT  3.66  0.95  0.57  0.25  1.85 
(4.85)
 6.86 
(3.97)
 78.64 
FNMAM  3.32  1.00  0.70  0.29  0.77 
(5.29)
 8.27 
(3.28)
 62.71 
FNMAG  3.70  1.01  0.62  0.28  1.37 
(5.67)
 6.94 
(2.56)
 75.35 
FMCKP  3.74  0.88  0.37  0.23  1.16 
(8.33)
 10.81 
(3.59)
 74.43 
FNMAK  4.24  1.12  0.45  0.29  2.04 
(6.97)
 9.02 
(4.87)
 79.98 
FMCCS  3.60  0.82  0.35  0.23  1.75 
(6.43)
 7.38 
(4.65)
 71.73 
FNMAI  4.26  0.99  0.42  0.25  2.62 
(6.77)
 8.11 
(4.55)
 87.39 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Federal Natl 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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Federal Natl Corporate Management

Elected by the shareholders, the Federal Natl's board of directors comprises two types of representatives: Federal Natl inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Federal. The board's role is to monitor Federal Natl's management team and ensure that shareholders' interests are well served. Federal Natl's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Federal Natl's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ramon RichardsVP OfficerProfile
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Stergios TheologidesGen VPProfile
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