Frequency Exchange Correlations

FREQ Stock

0.28 0.07 20.00%

The current 90-days correlation between Frequency Exchange Corp and Postmedia Network Canada is -0.11 (i.e., Good diversification). The correlation of Frequency Exchange 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Frequency Exchange Correlation With Market

Average diversification

The correlation between Frequency Exchange Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frequency Exchange Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Frequency Stock

0.62	ELF	E L Financial	Pair Corr
0.62	TPX-B	Molson Coors Canada	Pair Corr
0.75	FFH	Fairfax Financial	Pair Corr
0.78	FFH-PF	Fairfax Financial	Pair Corr
0.76	FFH-PJ	Fairfax Financial	Pair Corr
0.73	FFH-PM	Fairfax Financial	Pair Corr
0.79	FFH-PD	Fairfax Financial	Pair Corr
0.77	FFH-PH	Fairfax Financial	Pair Corr

Moving against Frequency Stock

0.45

ELF-PH

E L Financial

Pair Corr

Related Correlations Analysis

	PNC-A	CSU	CRM	QIS	DCM	VZLA	SVI	PLZ-UN
PNC-A		-0.62	-0.66	0.35	0.57	0.03	0.48	-0.21	PNC-A
CSU	-0.62		0.76	-0.04	-0.78	-0.23	-0.5	-0.1	CSU
CRM	-0.66	0.76		-0.34	-0.74	0.07	-0.86	-0.3	CRM
QIS	0.35	-0.04	-0.34		0.0	-0.18	0.12	-0.39	QIS
DCM	0.57	-0.78	-0.74	0.0		0.24	0.59	0.27	DCM
VZLA	0.03	-0.23	0.07	-0.18	0.24		-0.28	-0.16	VZLA
SVI	0.48	-0.5	-0.86	0.12	0.59	-0.28		0.55	SVI
PLZ-UN	-0.21	-0.1	-0.3	-0.39	0.27	-0.16	0.55		PLZ-UN
	PNC-A	CSU	CRM	QIS	DCM	VZLA	SVI	PLZ-UN

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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

CRM	+ 0.76	CSU
SVI	+ 0.59	DCM
DCM	+ 0.57	PNC-A
PLZ-UN	+ 0.55	SVI
SVI	+ 0.48	PNC-A
QIS	+ 0.35	PNC-A

High negative correlations

SVI	- 0.86	CRM
DCM	- 0.78	CSU
DCM	- 0.74	CRM
CRM	- 0.66	PNC-A
CSU	- 0.62	PNC-A
SVI	- 0.5	CSU

Risk-Adjusted Indicators

There is a big difference between Frequency Stock performing well and Frequency Exchange 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 Frequency Exchange'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
PNC-A	1.49	(0.07)	0.00	0.22	0.00	0.00	7.64	(5.52)	17.98
CSU	1.05	0.06	0.02	0.21	1.20	(1.07)	2.24	(1.85)	6.34
CRM	1.29	0.29	0.17	0.55	1.10	(1.52)	3.32	(1.69)	10.15
QIS	1.72	0.12	(0.01)	(0.60)	2.41	(2.81)	3.66	(4.60)	20.39
DCM	1.93	(0.65)	0.00	(0.54)	0.00	0.00	3.15	(3.39)	35.85
VZLA	2.46	(0.71)	0.00	(3.13)	0.00	0.00	4.83	(5.35)	11.13
SVI	1.42	(0.26)	0.00	(1.76)	0.00	0.00	2.99	(3.23)	9.56
PLZ-UN	0.54	(0.02)	(0.17)	0.00	0.59	(0.78)	1.36	(1.29)	3.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frequency Exchange 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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