Federal Screw Correlations

FSCR Stock

USD 9.30 0.30 3.33%

The current 90-days correlation between Federal Screw Works and Tel Instrument Electronics Corp is -0.01 (i.e., Good diversification). The correlation of Federal Screw 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.

Federal Screw Correlation With Market

Modest diversification

The correlation between Federal Screw Works and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Screw Works and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Federal Screw 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 Screw 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 Screw - 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 Screw Works to buy it.

Moving against Federal Pink Sheet

0.64	APGE	Apogee Therapeutics,	Pair Corr
0.6	PPERF	Bank Mandiri Persero	Pair Corr
0.6	HL	Hecla Mining	Pair Corr
0.54	CRRFY	Carrefour SA PK	Pair Corr
0.52	BAC	Bank of America	Pair Corr
0.52	EGP	EastGroup Properties	Pair Corr
0.41	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.35	RLMD	Relmada Therapeutics	Pair Corr
0.34	ULTA	Ulta Beauty	Pair Corr
0.34	IDN	Intellicheck Mobilisa	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr
0.32	ARRXF	Archer Materials	Pair Corr
0.64	KYOCF	Kyocera	Pair Corr
0.64	AAL	American Airlines	Pair Corr
0.61	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.57	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.55	GM	General Motors	Pair Corr
0.54	PII	Polaris Industries	Pair Corr
0.52	GWW	WW Grainger	Pair Corr
0.5	DDS	Dillards,	Pair Corr
0.48	NOEM	CO2 Energy Transition	Pair Corr
0.46	HE	Hawaiian Electric	Pair Corr

Related Correlations Analysis

	TIKK	HLLK	ITGMF	CRWE	QUTIF	LDDFF	ALXXF	TCHH	PRBCF	PRTT
TIKK		0.17	0.0	-0.08	0.21	0.53	-0.37	0.0	0.0	0.54	TIKK
HLLK	0.17		0.0	0.14	0.16	0.11	-0.52	0.0	0.0	0.01	HLLK
ITGMF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	-1.0	0.0	ITGMF
CRWE	-0.08	0.14	0.0		-0.19	0.08	0.1	0.0	0.0	-0.47	CRWE
QUTIF	0.21	0.16	0.0	-0.19		0.44	-0.5	0.0	0.0	0.47	QUTIF
LDDFF	0.53	0.11	0.0	0.08	0.44		-0.58	0.0	0.0	0.32	LDDFF
ALXXF	-0.37	-0.52	0.0	0.1	-0.5	-0.58		0.0	0.0	-0.49	ALXXF
TCHH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TCHH
PRBCF	0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0		0.0	PRBCF
PRTT	0.54	0.01	0.0	-0.47	0.47	0.32	-0.49	0.0	0.0		PRTT
	TIKK	HLLK	ITGMF	CRWE	QUTIF	LDDFF	ALXXF	TCHH	PRBCF	PRTT

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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

PRTT	+ 0.54	TIKK
LDDFF	+ 0.53	TIKK
PRTT	+ 0.47	QUTIF
LDDFF	+ 0.44	QUTIF
PRTT	+ 0.32	LDDFF
QUTIF	+ 0.21	TIKK

High negative correlations

PRBCF	- 1.0	ITGMF
ALXXF	- 0.58	LDDFF
ALXXF	- 0.52	HLLK
ALXXF	- 0.5	QUTIF
PRTT	- 0.49	ALXXF
PRTT	- 0.47	CRWE

Risk-Adjusted Indicators

There is a big difference between Federal Pink Sheet performing well and Federal Screw 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 Federal Screw'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
TIKK	3.46	0.24	0.01	(9.39)	10.60	(19.26)	8.57	(1.07)	91.35
HLLK	42.19	17.79	0.56	0.86	14.35	(119.13)	21.43	(27.59)	1,371
ITGMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRWE	0.84	0.13	0.00	0.85	0.00	0.00	0.00	0.00	25.24
QUTIF	2.31	0.14	0.00	0.19	0.00	0.00	0.00	0.00	72.35
LDDFF	4.98	(0.24)	0.00	0.35	0.00	0.00	10.00	(10.00)	41.17
ALXXF	1.47	0.44	0.00	0.99	0.00	0.00	0.00	0.00	48.89
TCHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRBCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRTT	6.41	(1.75)	0.00	6.57	0.00	0.00	10.00	(25.00)	76.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Federal Screw 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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