Frmo Corp Correlations

FRMO Stock

USD 7.45 0.16 2.19%

The current 90-days correlation between Frmo Corp and North American Financial is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Frmo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frmo Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Frmo Corp Correlation With Market

Excellent diversification

The correlation between Frmo Corp and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frmo Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Frmo Pink Sheet

0.58	MEEEF	Metal Energy Corp	Pair Corr
0.57	GS	Goldman Sachs Group	Pair Corr
0.52	DUK-PA	Duke Energy	Pair Corr
0.52	USPH	US Physicalrapy	Pair Corr
0.52	BFS	Saul Centers	Pair Corr
0.49	SLSR	Solaris Resources	Pair Corr
0.48	JOE	St Joe Company	Pair Corr
0.45	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.43	TATT	Tat Techno	Pair Corr
0.39	NPPXF	Nippon Telegraph Tel	Pair Corr
0.32	PPERY	Bank Mandiri Persero	Pair Corr
0.32	LAND	Gladstone Land	Pair Corr
0.32	INTC	Intel	Pair Corr
0.57	BNEFF	Bonterra Energy Corp	Pair Corr
0.55	FRFFF	Fairfax Financial	Pair Corr
0.51	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.5	AES	AES Aggressive Push	Pair Corr
0.49	TORO	Toro	Pair Corr
0.48	FRSB	First Resource Bank	Pair Corr
0.44	TOGOF	TomaGold	Pair Corr
0.42	CGECF	Cogeco Inc	Pair Corr
0.42	EXAS	EXACT Sciences	Pair Corr
0.42	PNRG	PrimeEnergy	Pair Corr
0.41	GAYMF	Galway Metals	Pair Corr

Related Correlations Analysis

	FNCSF	SRXXF	LFBCF	CNDCF	IPXAF	FRRPF	ABGSF	CNND	AMIVF	DDWWF
FNCSF		0.53	0.9	0.77	-0.42	0.2	0.82	-0.49	0.54	0.05	FNCSF
SRXXF	0.53		0.72	0.55	-0.12	-0.23	0.59	-0.05	0.38	-0.1	SRXXF
LFBCF	0.9	0.72		0.72	-0.38	0.04	0.8	-0.39	0.5	-0.04	LFBCF
CNDCF	0.77	0.55	0.72		-0.47	0.07	0.83	-0.42	0.56	0.11	CNDCF
IPXAF	-0.42	-0.12	-0.38	-0.47		-0.13	-0.53	0.54	-0.45	-0.01	IPXAF
FRRPF	0.2	-0.23	0.04	0.07	-0.13		0.01	-0.34	-0.07	0.14	FRRPF
ABGSF	0.82	0.59	0.8	0.83	-0.53	0.01		-0.54	0.67	0.06	ABGSF
CNND	-0.49	-0.05	-0.39	-0.42	0.54	-0.34	-0.54		-0.27	-0.12	CNND
AMIVF	0.54	0.38	0.5	0.56	-0.45	-0.07	0.67	-0.27		-0.13	AMIVF
DDWWF	0.05	-0.1	-0.04	0.11	-0.01	0.14	0.06	-0.12	-0.13		DDWWF
	FNCSF	SRXXF	LFBCF	CNDCF	IPXAF	FRRPF	ABGSF	CNND	AMIVF	DDWWF

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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

LFBCF	+ 0.9	FNCSF
ABGSF	+ 0.83	CNDCF
ABGSF	+ 0.82	FNCSF
ABGSF	+ 0.8	LFBCF
CNDCF	+ 0.77	FNCSF
LFBCF	+ 0.72	SRXXF

High negative correlations

CNND	- 0.54	ABGSF
ABGSF	- 0.53	IPXAF
CNND	- 0.49	FNCSF
IPXAF	- 0.47	CNDCF
AMIVF	- 0.45	IPXAF
CNND	- 0.42	CNDCF

Risk-Adjusted Indicators

There is a big difference between Frmo Pink Sheet performing well and Frmo Corp 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 Frmo Corp'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
FNCSF	1.48	0.29	0.08	(1.36)	1.57	(2.32)	3.77	(3.61)	15.78
SRXXF	0.51	0.25	0.00	(2.59)	0.00	0.00	0.00	0.00	17.02
LFBCF	0.32	0.13	0.00	1.68	0.00	0.00	1.05	0.00	5.43
CNDCF	1.97	0.21	0.02	5.96	3.10	(3.83)	5.84	(8.62)	23.33
IPXAF	1.20	(0.22)	0.00	(0.15)	0.00	0.00	2.45	(1.30)	24.23
FRRPF	0.89	(0.05)	0.00	(0.07)	0.00	0.00	2.38	(3.27)	12.79
ABGSF	0.54	0.26	0.00	2.19	0.00	0.00	0.00	0.00	13.24
CNND	0.72	(0.01)	(0.01)	0.02	1.43	(1.99)	2.50	(2.44)	9.38
AMIVF	0.81	0.16	0.05	(1.00)	1.02	(1.18)	2.07	(1.62)	7.78
DDWWF	11.43	1.41	0.06	1.05	12.07	(26.64)	37.06	(27.04)	72.29

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