Firm Capital Correlations

FRMUF Stock

USD 4.28 0.05 1.18%

The current 90-days correlation between Firm Capital Property and Highlands REIT is -0.02 (i.e., Good diversification). The correlation of Firm Capital 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.

Firm Capital Correlation With Market

Good diversification

The correlation between Firm Capital Property and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firm Capital Property and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Firm Pink Sheet

0.82	GSEFF	Covivio	Pair Corr
0.89	META	Meta Platforms	Pair Corr
0.83	BIP	Brookfield Infrastructure	Pair Corr
0.75	CMCSA	Comcast Corp Sell-off Trend	Pair Corr
0.78	BWXT	BWX Technologies Sell-off Trend	Pair Corr
0.8	EXK	Endeavour Silver Corp	Pair Corr
0.61	SNA	Snap On	Pair Corr
0.62	OHI	Omega Healthcare Inv Sell-off Trend	Pair Corr
0.75	NNE	Nano Nuclear Energy Trending	Pair Corr
0.62	CTAS	Cintas	Pair Corr
0.85	PWR	Quanta Services	Pair Corr
0.72	KTB	Kontoor Brands	Pair Corr
0.72	CRM	Salesforce Earnings Call This Week	Pair Corr
0.79	LLYVK	Liberty Media	Pair Corr
0.61	LYFT	LYFT Inc	Pair Corr

Moving against Firm Pink Sheet

0.42	BKSY	Blacksky Technology Trending	Pair Corr
0.4	VICI	VICI Properties	Pair Corr
0.4	LSGOF	Land Securities Group	Pair Corr
0.54	DRNK	NOHO Inc	Pair Corr
0.44	PHIL	PHI Group	Pair Corr

Related Correlations Analysis

	BTLCY	GNL	VICI	BRLAF	HHDS	WPC	EPRT	GOOD
BTLCY		0.87	0.8	0.3	0.17	0.89	0.24	-0.39	BTLCY
GNL	0.87		0.77	-0.08	0.24	0.83	-0.04	-0.59	GNL
VICI	0.8	0.77		0.05	0.14	0.87	0.2	-0.48	VICI
BRLAF	0.3	-0.08	0.05		-0.06	0.2	0.67	0.55	BRLAF
HHDS	0.17	0.24	0.14	-0.06		0.08	0.09	-0.05	HHDS
WPC	0.89	0.83	0.87	0.2	0.08		0.26	-0.43	WPC
EPRT	0.24	-0.04	0.2	0.67	0.09	0.26		0.6	EPRT
GOOD	-0.39	-0.59	-0.48	0.55	-0.05	-0.43	0.6		GOOD
	BTLCY	GNL	VICI	BRLAF	HHDS	WPC	EPRT	GOOD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WPC	+ 0.89	BTLCY
GNL	+ 0.87	BTLCY
WPC	+ 0.87	VICI
WPC	+ 0.83	GNL
VICI	+ 0.8	BTLCY
VICI	+ 0.77	GNL

High negative correlations

GOOD	- 0.59	GNL
GOOD	- 0.48	VICI
GOOD	- 0.43	WPC
GOOD	- 0.39	BTLCY
BRLAF	- 0.08	GNL
HHDS	- 0.06	BRLAF

Risk-Adjusted Indicators

There is a big difference between Firm Pink Sheet performing well and Firm Capital 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 Firm Capital'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
BTLCY	1.48	(0.14)	0.00	(2.26)	0.00	0.00	2.81	(4.44)	9.39
GNL	1.01	(0.21)	0.00	(0.25)	0.00	0.00	2.45	(2.67)	6.60
VICI	0.67	0.01	(0.08)	0.55	0.91	(0.74)	1.18	(1.81)	4.66
BRLAF	1.00	0.37	0.00	(0.40)	0.00	0.00	2.37	(0.33)	29.04
HHDS	70.22	31.78	0.53	(9.48)	31.38	(150.78)	250.00	(75.73)	675.48
WPC	0.79	(0.06)	0.00	(0.20)	0.00	0.00	1.73	(1.57)	4.41
EPRT	0.82	0.09	0.02	0.49	0.92	(0.88)	1.67	(1.77)	4.84
GOOD	0.90	0.22	0.18	0.62	0.60	(1.13)	1.94	(1.58)	8.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Firm Capital 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?

Run Balance Of Power Now

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC