FS Energy Correlations
| FSENDelisted Stock | USD 14.09 0.00 0.00% |
The current 90-days correlation between FS Energy And and Great West Lifeco is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FS Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS Energy And moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FS Energy Correlation With Market
Poor diversification
The correlation between FS Energy And and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS Energy And and DJI in the same portfolio, assuming nothing else is changed.
FSEN |
The ability to find closely correlated positions to FS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FS Energy 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 FS Energy - 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 FS Energy And to buy it.
Moving together with FSEN Pink Sheet
| 0.87 | IVSBF | Investor AB ser | PairCorr |
| 0.83 | IVSXF | Investor AB | PairCorr |
| 0.74 | SLF | Sun Life Financial | PairCorr |
| 0.68 | ESLT | Elbit Systems | PairCorr |
| 0.79 | TSM | Taiwan Semiconductor | PairCorr |
| 0.79 | SWGAY | Swatch Group AG | PairCorr |
| 0.68 | ARMK | Aramark Holdings | PairCorr |
| 0.61 | TSEM | Tower Semiconductor | PairCorr |
| 0.9 | PPCLY | PPC Ltd ADR | PairCorr |
| 0.76 | EDRVF | EDP Renovaveis | PairCorr |
| 0.87 | LONKF | Lonking Holdings | PairCorr |
| 0.69 | KRUS | Kura Sushi USA | PairCorr |
| 0.84 | FRSB | First Resource Bank | PairCorr |
| 0.88 | CIG | Companhia Energetica | PairCorr |
| 0.92 | SUBCY | Subsea 7 SA | PairCorr |
| 0.71 | CP | Canadian Pacific Railway | PairCorr |
| 0.82 | CASY | Caseys General Stores | PairCorr |
| 0.64 | UEC | Uranium Energy Corp | PairCorr |
| 0.76 | DTE | DTE Energy | PairCorr |
| 0.79 | DOV | Dover | PairCorr |
Moving against FSEN Pink Sheet
| 0.84 | ARES | Ares Management LP Downward Rally | PairCorr |
| 0.78 | BX | Blackstone Group | PairCorr |
| 0.74 | APO | Apollo Global Management | PairCorr |
| 0.66 | BAM | Brookfield Asset Man | PairCorr |
| 0.42 | RADLF | Radial Research Corp | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FSEN Pink Sheet performing well and FS Energy 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 FS Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NXJ | 0.27 | 0.02 | (0.21) | (0.18) | 0.26 | 0.64 | 1.52 | |||
| MUJ | 0.33 | 0.12 | 0.07 | (2.07) | 0.14 | 0.93 | 2.94 | |||
| FSK | 1.37 | (0.53) | 0.00 | (0.64) | 0.00 | 2.05 | 18.66 | |||
| APO | 1.66 | (0.46) | 0.00 | (0.15) | 0.00 | 3.61 | 10.73 | |||
| IPXHY | 1.55 | 0.27 | 0.10 | 0.47 | 2.03 | 3.48 | 11.66 | |||
| DKILF | 2.54 | (0.07) | (0.01) | 0.04 | 3.12 | 5.86 | 13.92 | |||
| GWLIF | 1.01 | 0.12 | 0.02 | (1.47) | 1.72 | 2.23 | 11.89 |
FS Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FS Energy pink sheet to make a market-neutral strategy. Peer analysis of FS Energy could also be used in its relative valuation, which is a method of valuing FS Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FS Energy Corporate Management
| Robert Thomas | Pres Trustee | Profile | |
| Zachary Klehr | Ex Management | Profile | |
| Thomas Long | President | Profile | |
| James Beach | Chief Officer | Profile | |
| James CPA | Chief Officer | Profile | |
| David Weiser | Chief Officer | Profile | |
| Michael JD | Chairman CEO | Profile |
Still Interested in FS Energy And?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.