Federal National Correlations

OTC Stocks . USA . 
Stock . Federal National Mortgage
FNMAO Stock  USD 15.30  0.21  1.39%   
The current 90-days correlation between Federal National Mortgage and Federal Home Loan is 0.89 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal National Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal National Correlation With Market

Significant diversification

The correlation between Federal National Mortgage and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal National Mortgage and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Federal 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 Federal 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 Federal 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 Federal National Mortgage to buy it.

Moving together with Federal OTC Stock

  0.98FMCCT Federal Home LoanPairCorr
  0.71COOP Mr Cooper GroupPairCorr
  0.98FNMAS Federal National MortgagePairCorr
  0.98FNMAT Federal National MortgagePairCorr
  0.98FNMFN Federal National MortgagePairCorr
  1.0FNMAN Federal National MortgagePairCorr
  0.98FNMAM Federal National MortgagePairCorr
  0.7FSTF First State FinancialPairCorr
  0.68NOG Northern Oil GasPairCorr
  0.91LMND Lemonade TrendingPairCorr
  0.84QUBT Quantum Computing TrendingPairCorr
  0.81LLYVK Liberty MediaPairCorr
  0.88CFLT ConfluentPairCorr
  0.76RCAT Red Cat Holdings TrendingPairCorr
  0.92ET Energy Transfer LP Aggressive PushPairCorr
  0.84ADSK AutodeskPairCorr
  0.84MRVL Marvell Technology Earnings Call This WeekPairCorr
  0.85CTAS CintasPairCorr
  0.86CRM Salesforce Earnings Call This WeekPairCorr
  0.73STLD Steel Dynamics Fiscal Year End 28th of January 2025 PairCorr
  0.95DXYZ Destiny Tech100PairCorr
  0.74PYPL PayPal HoldingsPairCorr
  0.9SCHW Charles Schwab Corp Fiscal Year End 15th of January 2025 PairCorr
  0.92BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.74SNOW Snowflake TrendingPairCorr
  0.68KSCP KnightscopePairCorr

Moving against Federal OTC Stock

  0.84RKT Rocket CompaniesPairCorr
  0.75UWMC UWM Holdings CorpPairCorr
  0.44871829BH9 SYSCO P 445PairCorr
  0.65PHIL PHI GroupPairCorr
  0.33AMIX Autonomix Medical, CommonPairCorr
  0.31VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal National 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FMCKK  3.72  1.79  0.62  6.91  1.37 
(6.66)
 5.55 
(4.46)
 77.57 
FMCCO  3.72  1.63  0.32  7.89  1.90 
(7.69)
 9.21 
(3.90)
 69.34 
FMCCL  4.61  1.12  0.31  0.28  2.76 
(7.40)
 11.37 
(6.67)
 80.93 
FNMFO  5.04  1.51  0.11 (18.90) 4.30 
(22.32)
 16.28 
(8.65)
 118.39 
FMCCI  4.17  1.01  0.33  0.27  2.97 
(5.67)
 8.30 
(8.81)
 73.48 
FNMAJ  3.71  1.00  0.55  0.29  2.04 
(4.92)
 8.02 
(4.03)
 77.94 
FNMAG  3.74  1.04  0.64  0.28  1.37 
(5.78)
 6.94 
(2.56)
 75.35 
FNMAL  3.98  1.61  0.30  3.21  3.10 
(6.25)
 7.41 
(4.52)
 64.16 
FMCCM  4.27  0.95  0.34  0.24  2.62 
(7.29)
 7.40 
(7.81)
 93.09 

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

Elected by the shareholders, the Federal National's board of directors comprises two types of representatives: Federal National 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 National's management team and ensure that shareholders' interests are well served. Federal National'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 National's outside directors are responsible for providing unbiased perspectives on the board's policies.
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