5N Plus Correlations
| FPLSF Stock | USD 22.37 0.33 1.45% |
The current 90-days correlation between 5N Plus and Falcon Metals Limited is -0.21 (i.e., Very good diversification). The correlation of 5N Plus 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.
5N Plus Correlation With Market
Very weak diversification
The correlation between 5N Plus and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 5N Plus and DJI in the same portfolio, assuming nothing else is changed.
FPLSF |
The ability to find closely correlated positions to 5N Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 5N Plus 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 5N Plus - 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 5N Plus to buy it.
Moving together with FPLSF Pink Sheet
| 0.67 | ATCOL | Atlas Corp | PairCorr |
| 0.62 | BKRKY | Bank Rakyat | PairCorr |
| 0.89 | GEL | Genesis Energy LP | PairCorr |
| 0.89 | BLE | BlackRock MIT II | PairCorr |
| 0.71 | VHI | Valhi Inc Earnings Call Today | PairCorr |
| 0.75 | MEEEF | Metal Energy Corp | PairCorr |
| 0.8 | BKCYF | Bank Of Cyprus Holdings P | PairCorr |
| 0.75 | CMI | Cummins | PairCorr |
| 0.68 | DREUF | Dream Industrial Real | PairCorr |
| 0.88 | TG | Tredegar | PairCorr |
| 0.9 | TDY | Teledyne Technologies | PairCorr |
| 0.7 | INGR | Ingredion Incorporated | PairCorr |
| 0.85 | RHHVF | Roche Holding AG | PairCorr |
| 0.62 | GL-PD | Globe Life 425 | PairCorr |
| 0.61 | NTRSO | Northern Trust | PairCorr |
| 0.74 | SOJE | Southern Company | PairCorr |
| 0.82 | PRTS | CarPartsCom Earnings Call Today | PairCorr |
| 0.7 | ESCA | Escalade Incorporated | PairCorr |
Moving against FPLSF Pink Sheet
| 0.81 | PBCRY | Bank Central Asia | PairCorr |
| 0.77 | GCMGW | GCM Grosvenor | PairCorr |
| 0.75 | ADVWW | Advantage Solutions | PairCorr |
| 0.73 | PCTTW | PureCycle Technologies | PairCorr |
| 0.71 | PBCRF | PT Bank Central | PairCorr |
| 0.61 | MAPSW | WM Technology | PairCorr |
| 0.44 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.52 | SLI | Standard Lithium | PairCorr |
| 0.34 | RVTI | Rival Technologies | PairCorr |
| 0.59 | KULR | KULR Technology Group | PairCorr |
| 0.4 | VWAGY | Volkswagen AG 110 Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FPLSF Pink Sheet performing well and 5N Plus 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 5N Plus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETUGF | 34.58 | 13.60 | 0.26 | 0.90 | 14.64 | 0.00 | 808.33 | |||
| CDELF | 2.50 | (1.23) | 0.00 | 0.64 | 0.00 | 0.00 | 60.00 | |||
| AVGDF | 5.29 | 1.34 | 0.07 | (5.11) | 5.74 | 27.76 | 88.89 | |||
| WEGOF | 1.78 | 0.61 | 0.00 | (0.97) | 0.00 | 0.00 | 78.98 | |||
| TBMIF | 1.49 | 0.77 | 0.00 | (0.99) | 0.00 | 0.00 | 50.00 | |||
| WKGFF | 6.99 | 2.80 | 0.00 | (1.03) | 0.00 | 37.50 | 96.11 | |||
| GGXXF | 7.24 | 0.99 | 0.04 | (0.62) | 10.46 | 17.65 | 180.68 | |||
| FALFF | 604.19 | 329.80 | 0.00 | (0.45) | 0.00 | 0.00 | 20,260 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 5N Plus 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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5N Plus Corporate Management
| Paul Tancell | Ex Materials | Profile | |
| Nicholas Audet | Chief Commercial Officer | Profile | |
| William Alexander | Sr Management | Profile | |
| Richard Perron | Chief Officer | Profile | |
| Gervais Jacques | CEO Pres | Profile | |
| Roland Dubois | Chief Semiconductors | Profile |