Financial Correlations

FNNCF Stock

USD 7.87 0.00 0.00%

The current 90-days correlation between Financial 15 Split and Citizens Holding is -0.04 (i.e., Good diversification). The correlation of Financial 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.

Financial Correlation With Market

Very poor diversification

The correlation between Financial 15 Split and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial 15 Split and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Financial 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 Financial - 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 Financial 15 Split to buy it.

Moving together with Financial Pink Sheet

0.83	GL-PD	Globe Life 425	Pair Corr
0.85	SBKO	Summit Bank Group	Pair Corr
0.87	CCL	Carnival	Pair Corr
0.89	ADEA	ADEIA P	Pair Corr
0.79	ESCA	Escalade Incorporated	Pair Corr
0.81	CMI	Cummins	Pair Corr
0.81	MFGCF	Mayfair Gold Corp	Pair Corr
0.76	VKQ	Invesco Municipal Trust	Pair Corr
0.78	RHHVF	Roche Holding AG	Pair Corr
0.83	INGR	Ingredion Incorporated	Pair Corr
0.66	GEL	Genesis Energy LP	Pair Corr
0.86	BCO	Brinks Company Earnings Call This Week	Pair Corr
0.81	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.76	NTRSO	Northern Trust	Pair Corr
0.85	MEEEF	Metal Energy Corp	Pair Corr
0.7	TDY	Teledyne Technologies	Pair Corr
0.7	ABCB	Ameris Bancorp	Pair Corr
0.83	WLK	Westlake Chemical Earnings Call Tomorrow	Pair Corr
0.64	TWMIF	Tidewater Midstream and	Pair Corr
0.68	SOJE	Southern Company	Pair Corr

Moving against Financial Pink Sheet

0.79	PBCRY	Bank Central Asia	Pair Corr
0.72	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	HCBN	OSBK	ANDC	WDFN	EXCH	WSSH	MFBP	TMAK	CIZN
HCBN		0.89	0.32	0.82	0.52	0.69	0.71	0.58	0.86	HCBN
OSBK	0.89		0.28	0.81	0.54	0.68	0.84	0.55	0.94	OSBK
ANDC	0.32	0.28		0.26	0.3	0.6	0.34	0.5	0.22	ANDC
WDFN	0.82	0.81	0.26		0.48	0.68	0.69	0.53	0.85	WDFN
EXCH	0.52	0.54	0.3	0.48		0.77	0.34	0.71	0.66	EXCH
WSSH	0.69	0.68	0.6	0.68	0.77		0.55	0.7	0.69	WSSH
MFBP	0.71	0.84	0.34	0.69	0.34	0.55		0.49	0.76	MFBP
TMAK	0.58	0.55	0.5	0.53	0.71	0.7	0.49		0.6	TMAK
CIZN	0.86	0.94	0.22	0.85	0.66	0.69	0.76	0.6		CIZN
	HCBN	OSBK	ANDC	WDFN	EXCH	WSSH	MFBP	TMAK	CIZN

Risk-Adjusted Indicators

There is a big difference between Financial Pink Sheet performing well and Financial 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 Financial'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
HCBN	0.40	0.09	0.00	2.49	0.00	0.00	1.27	(0.25)	10.07
OSBK	0.23	0.12	0.00	(1.07)	0.00	0.00	0.61	0.00	4.37
ANDC	0.80	0.02	(0.02)	(0.05)	1.07	(2.43)	2.16	(2.63)	8.35
WDFN	0.95	0.18	0.06	1.17	1.09	(1.35)	2.26	(2.08)	9.03
EXCH	0.50	0.24	0.00	2.87	0.00	0.00	0.00	0.00	17.10
WSSH	0.36	0.12	0.04	(0.65)	0.00	(1.84)	1.43	(0.43)	6.26
MFBP	1.19	0.21	0.07	0.65	1.51	(1.65)	3.59	(2.86)	12.33
TMAK	1.97	0.12	0.02	0.26	2.69	(4.50)	6.95	(6.53)	16.02
CIZN	1.12	0.50	0.25	0.79	0.80	(1.46)	4.86	(2.22)	9.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Financial 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 Volatility Analysis Now

Volatility Analysis

Get historical volatility and risk analysis based on latest market data

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