Federal Home Correlations
| FREJO Stock | USD 14.58 0.01 0.07% |
The current 90-days correlation between Federal Home Loan and Federal National Mortgage is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal Home Loan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Federal Home Correlation With Market
Good diversification
The correlation between Federal Home Loan and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Home Loan and DJI in the same portfolio, assuming nothing else is changed.
Federal |
The ability to find closely correlated positions to Federal Home 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 Home 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 Home - 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 Home Loan to buy it.
Moving together with Federal OTC Stock
| 1.0 | FMCKK | Federal Home Loan | PairCorr |
| 1.0 | FREJP | Federal Home 530 | PairCorr |
| 0.73 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.82 | FUWAF | Furukawa Electric | PairCorr |
| 0.8 | BE | Bloom Energy Corp | PairCorr |
| 0.81 | WIX | WixCom Tech Boost | PairCorr |
| 0.85 | RCL | Royal Caribbean Cruises | PairCorr |
| 0.74 | BHE | Benchmark Electronics | PairCorr |
| 0.86 | CLS | Celestica | PairCorr |
| 0.73 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.78 | COST | Costco Wholesale Corp | PairCorr |
| 0.72 | BN | Brookfield Corp | PairCorr |
| 0.91 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.9 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.8 | BYD | Boyd Gaming | PairCorr |
| 0.67 | CYFRF | Cypherpunk Holdings | PairCorr |
| 0.82 | CMC | Commercial Metals | PairCorr |
| 0.92 | PLTR | Palantir Technologies Potential Growth | PairCorr |
| 0.74 | PBT | Permian Basin Royalty | PairCorr |
| 0.85 | FSK | FS KKR Capital | PairCorr |
Moving against Federal OTC Stock
| 0.39 | DAIUF | Daifuku | PairCorr |
| 0.34 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.46 | PBMWW | Psyence Biomedical | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Federal OTC Stock performing well and Federal Home OTC Stock 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 Home'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNMAJ | 3.71 | 1.00 | 0.55 | 0.29 | 2.04 | 8.02 | 77.94 | |||
| FNMAG | 3.74 | 1.04 | 0.64 | 0.28 | 1.37 | 6.94 | 75.35 | |||
| FNMAM | 3.30 | 0.95 | 0.68 | 0.29 | 0.75 | 8.27 | 62.71 | |||
| FNMFN | 3.83 | 0.96 | 0.47 | 0.27 | 2.00 | 7.80 | 73.91 | |||
| FNMAS | 3.53 | 0.91 | 0.56 | 0.27 | 1.60 | 6.64 | 71.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Federal Home 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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