Four Leaf Correlations

FORL Stock   11.19  0.03  0.27%   
The current 90-days correlation between Four Leaf Acquisition and Brandywine Realty Trust is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Four Leaf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Four Leaf Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Four Leaf Correlation With Market

Average diversification

The correlation between Four Leaf Acquisition and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Four Leaf Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Four Leaf Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Four Stock

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  0.63GS Goldman Sachs GroupPairCorr
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  0.61MA MastercardPairCorr
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Moving against Four Stock

  0.56CB ChubbPairCorr
  0.44DHIL Diamond Hill InvestmentPairCorr
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  0.79PSEC-PA Prospect Capital Earnings Call This WeekPairCorr
  0.69WD Walker DunlopPairCorr
  0.6VALU Value LinePairCorr
  0.58VABK Virginia NationalPairCorr
  0.58VBNK VersaBank Normal TradingPairCorr
  0.56XP Xp Inc Normal TradingPairCorr
  0.53WF Woori Financial Group Earnings Call This WeekPairCorr
  0.53WU Western Union Earnings Call This WeekPairCorr
  0.44NU Nu Holdings Aggressive PushPairCorr
  0.44WT WISDOMTREE INCPairCorr
  0.41VBTX Veritex HoldingsPairCorr

Related Correlations Analysis

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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   
PRMBSHIHF
MITPPRMB
SHIHFBDN
COCOBDN
PRMBCOCO
COCOSHIHF
  
High negative correlations   
PRMBSNDL
SNDLSHIHF
SNDLCOCO
MITPSNDL
SNDLBDN
TDSHIHF

Risk-Adjusted Indicators

There is a big difference between Four Stock performing well and Four Leaf 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 Four Leaf'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.