5N Plus Correlations

FPLSF Stock

USD 13.73 0.28 2.08%

The current 90-days correlation between 5N Plus and Huabao International Holdings is 0.15 (i.e., Average 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

Modest diversification

The correlation between 5N Plus and DJI is 0.23 (i.e., Modest 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.

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

0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.71	PTAIY	Astra International Tbk	Pair Corr
0.66	KEP	Korea Electric Power	Pair Corr
0.78	PTITF	PT Indosat Tbk	Pair Corr
0.77	TEO	Telecom Argentina	Pair Corr
0.66	ARRXF	Archer Materials	Pair Corr
0.78	CHACR	Crane Harbor Acquisition	Pair Corr

Moving against FPLSF Pink Sheet

0.54	PCTTW	PureCycle Technologies	Pair Corr
0.54	GCMGW	GCM Grosvenor	Pair Corr
0.38	MAPSW	WM Technology	Pair Corr
0.38	PTAIF	PT Astra International	Pair Corr
0.34	GOEVW	Canoo Holdings	Pair Corr
0.49	AVTBF	Avant Brands	Pair Corr
0.47	26442TAG2	US26442TAG22	Pair Corr
0.36	CURLF	Curaleaf Holdings	Pair Corr
0.31	TAK	Takeda Pharmaceutical	Pair Corr

Related Correlations Analysis

	HUIHY	CSNVF	EMNSF	ALPKF	TKCBY	CSNVY	ELKEF	NPKYF	CUYRF	TKYMY
HUIHY		0.5	-0.23	0.14	0.81	0.21	0.12	0.0	0.0	0.45	HUIHY
CSNVF	0.5		-0.57	-0.54	0.63	0.76	0.29	0.0	0.0	0.75	CSNVF
EMNSF	-0.23	-0.57		0.36	-0.29	-0.66	0.07	0.0	0.0	-0.26	EMNSF
ALPKF	0.14	-0.54	0.36		-0.02	-0.73	0.06	0.0	0.0	-0.39	ALPKF
TKCBY	0.81	0.63	-0.29	-0.02		0.26	0.15	0.0	0.0	0.56	TKCBY
CSNVY	0.21	0.76	-0.66	-0.73	0.26		0.24	0.0	0.0	0.56	CSNVY
ELKEF	0.12	0.29	0.07	0.06	0.15	0.24		0.0	0.0	0.51	ELKEF
NPKYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NPKYF
CUYRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CUYRF
TKYMY	0.45	0.75	-0.26	-0.39	0.56	0.56	0.51	0.0	0.0		TKYMY
	HUIHY	CSNVF	EMNSF	ALPKF	TKCBY	CSNVY	ELKEF	NPKYF	CUYRF	TKYMY

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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

TKCBY	+ 0.81	HUIHY
CSNVY	+ 0.76	CSNVF
TKYMY	+ 0.75	CSNVF
TKCBY	+ 0.63	CSNVF
TKYMY	+ 0.56	TKCBY
TKYMY	+ 0.56	CSNVY

High negative correlations

CSNVY	- 0.73	ALPKF
CSNVY	- 0.66	EMNSF
EMNSF	- 0.57	CSNVF
ALPKF	- 0.54	CSNVF
TKYMY	- 0.39	ALPKF
TKCBY	- 0.29	EMNSF

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	Treynor Ratio	Potential Upside	Maximum Drawdown
HUIHY	2.13	1.06	9.18	0.00	71.23
CSNVF	0.47	0.21	(0.24)	0.00	16.59
EMNSF	0.22	0.00	0.09	0.00	12.41
ALPKF	0.63	0.07	(1.60)	0.00	17.91
TKCBY	0.27	0.14	(2.40)	0.00	8.93
CSNVY	0.39	0.06	(0.24)	2.14	8.55
ELKEF	0.29	0.14	(2.05)	0.00	9.70
NPKYF	0.00	0.00	0.00	0.00	0.00
CUYRF	0.00	0.00	0.00	0.00	0.00
TKYMY	0.67	0.29	(1.16)	0.00	15.78

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.

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