Federal National Correlations
| FNMFM Stock | USD 15.25 1.25 8.93% |
The current 90-days correlation between Federal National Mortgage and Federal Home Loan is 0.12 (i.e., Average 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
Good diversification
The correlation between Federal National Mortgage and DJI is -0.03 (i.e., Good 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.
Federal |
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 Pink Sheet
| 0.97 | FMCCT | Federal Home Loan | PairCorr |
| 0.75 | COOP | Mr Cooper Group | PairCorr |
| 0.97 | FNMAS | Federal National Mortgage | PairCorr |
| 0.97 | FNMAT | Federal National Mortgage | PairCorr |
| 0.99 | FNMFN | Federal National Mortgage | PairCorr |
| 0.97 | FNMAN | Federal National Mortgage | PairCorr |
| 0.98 | FNMAM | Federal National Mortgage | PairCorr |
| 0.71 | FSTF | First State Financial | PairCorr |
| 0.72 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.93 | IONQ | IONQ Inc | PairCorr |
| 0.62 | NVDA | NVIDIA | PairCorr |
| 0.92 | NDAQ | Nasdaq Inc | PairCorr |
| 0.76 | VRT | Vertiv Holdings | PairCorr |
| 0.8 | CHH | Choice Hotels Intern | PairCorr |
| 0.96 | AXON | Axon Enterprise | PairCorr |
Moving against Federal Pink Sheet
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Federal Pink Sheet performing well and Federal 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 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMCKP | 3.76 | 0.80 | 0.35 | 0.23 | 1.37 | 10.81 | 74.43 | |||
| FMCCO | 3.81 | 1.72 | 0.34 | 7.42 | 1.90 | 9.21 | 69.34 | |||
| FMCKK | 3.73 | 0.98 | 0.63 | 0.26 | 1.38 | 5.55 | 77.57 | |||
| FMCCL | 4.61 | 1.87 | 0.31 | 2.74 | 2.76 | 11.37 | 80.93 | |||
| FNMFO | 5.04 | 1.51 | 0.11 | (19.02) | 4.30 | 16.28 | 118.39 | |||
| FMCCI | 4.16 | 1.86 | 0.33 | 28.71 | 2.98 | 8.30 | 73.48 | |||
| FMCCM | 4.35 | 1.03 | 0.36 | 0.25 | 2.64 | 7.40 | 93.09 | |||
| FMCCH | 4.36 | 0.94 | 0.37 | 0.24 | 2.81 | 7.72 | 90.19 |
Be your own money manager
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.Did you try this?
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Federal National Corporate Management
| Ramon Richards | VP Officer | Profile | |
| Nancy Jardini | VP Officer | Profile | |
| Pete Bakel | Investor Relations | Profile | |
| Ryan CFA | Ex Officer | Profile | |
| Stergios Theologides | Gen VP | Profile |