Fermi Common Correlations

FRMI Stock

7.92 0.33 4.00%

The current 90-days correlation between Fermi Common Stock and Alliant Energy Corp is -0.17 (i.e., Good diversification). The correlation of Fermi Common 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.

Fermi Common Correlation With Market

Significant diversification

The correlation between Fermi Common Stock and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fermi Common Stock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fermi Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fermi Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Fermi Stock

0.67	VCIC	Vine Hill Capital	Pair Corr
0.79	WENN	Wen Acquisition Corp	Pair Corr
0.72	TVA	Texas Ventures Acqui	Pair Corr
0.77	GTEN	Gores Holdings X,	Pair Corr

Moving against Fermi Stock

0.56	VACH	Voyager Acquisition Corp	Pair Corr
0.46	DMAA	Drugs Made In	Pair Corr
0.44	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.4	FTW	EQV Ventures Acquisition Symbol Change	Pair Corr
0.39	IPC	Imperial Pacific	Pair Corr
0.31	DTSQ	DT Cloud Star	Pair Corr
0.31	AAM	AA Mission Acquisition	Pair Corr
0.72	HVMC	Highview Merger Corp	Pair Corr
0.61	LPAA	Launch One Acquisition	Pair Corr
0.59	HSPT	Horizon Space Acquisition	Pair Corr
0.53	UBS	UBS Group AG Normal Trading	Pair Corr
0.47	MACI	Melar Acquisition Corp	Pair Corr
0.46	GRAF	Graf Global Corp	Pair Corr
0.42	GSHR	Gesher Acquisition Corp	Pair Corr
0.33	IPOD	Dune Acquisition	Pair Corr

Related Correlations Analysis

	LNT	EVRG	SRE	EMA	DUK	OKLO	AQNB	SBS	SO	BIP
LNT		0.89	0.68	0.08	0.77	0.25	-0.33	0.13	0.52	0.08	LNT
EVRG	0.89		0.71	0.04	0.85	0.55	-0.42	-0.16	0.72	-0.17	EVRG
SRE	0.68	0.71		0.05	0.66	0.36	-0.43	0.13	0.49	0.08	SRE
EMA	0.08	0.04	0.05		0.1	-0.07	0.45	0.09	0.01	0.2	EMA
DUK	0.77	0.85	0.66	0.1		0.69	-0.5	-0.21	0.9	-0.3	DUK
OKLO	0.25	0.55	0.36	-0.07	0.69		-0.46	-0.58	0.86	-0.51	OKLO
AQNB	-0.33	-0.42	-0.43	0.45	-0.5	-0.46		0.1	-0.55	0.28	AQNB
SBS	0.13	-0.16	0.13	0.09	-0.21	-0.58	0.1		-0.5	0.63	SBS
SO	0.52	0.72	0.49	0.01	0.9	0.86	-0.55	-0.5		-0.52	SO
BIP	0.08	-0.17	0.08	0.2	-0.3	-0.51	0.28	0.63	-0.52		BIP
	LNT	EVRG	SRE	EMA	DUK	OKLO	AQNB	SBS	SO	BIP

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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

SO	+ 0.9	DUK
EVRG	+ 0.89	LNT
SO	+ 0.86	OKLO
DUK	+ 0.85	EVRG
DUK	+ 0.77	LNT
SO	+ 0.72	EVRG

High negative correlations

SBS	- 0.58	OKLO
SO	- 0.55	AQNB
BIP	- 0.52	SO
BIP	- 0.51	OKLO
SO	- 0.5	SBS
AQNB	- 0.5	DUK

Risk-Adjusted Indicators

There is a big difference between Fermi Stock performing well and Fermi Common 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 Fermi Common'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
LNT	0.67	0.00	(0.05)	0.08	0.94	(0.64)	1.19	(1.50)	4.67
EVRG	0.70	(0.02)	(0.06)	0.01	1.05	(0.60)	1.28	(1.46)	4.29
SRE	0.78	0.01	(0.06)	(0.03)	1.07	(0.82)	1.57	(1.57)	5.82
EMA	0.64	0.06	0.00	0.31	0.69	(0.70)	1.38	(1.23)	4.21
DUK	0.75	(0.06)	0.00	0.95	0.00	0.00	1.59	(1.38)	4.59
OKLO	5.33	(0.85)	0.00	(0.20)	0.00	0.00	9.10	(12.33)	31.33
AQNB	0.21	0.01	(0.19)	0.20	0.21	(0.24)	0.40	(0.44)	1.39
SBS	1.30	0.04	0.00	0.27	1.99	(1.33)	2.52	(2.79)	10.27
SO	0.80	(0.10)	0.00	5.40	0.00	0.00	1.63	(1.65)	4.56
BIP	0.82	0.12	0.03	(0.37)	0.83	(0.90)	1.57	(1.59)	4.46

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