First Gen Correlations
| FSGCY Stock | USD 4.32 0.00 0.00% |
The current 90-days correlation between First Gen Corp and Concord New Energy is 0.02 (i.e., Significant diversification). The correlation of First Gen 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.
First Gen Correlation With Market
Significant diversification
The correlation between First Gen Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Gen Corp and DJI in the same portfolio, assuming nothing else is changed.
First |
The ability to find closely correlated positions to First Gen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Gen 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 First Gen - 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 First Gen Corp to buy it.
Moving together with First Pink Sheet
Moving against First Pink Sheet
| 0.4 | STI | Solidion Technology | PairCorr |
| 0.38 | EDRVF | EDP Renovaveis | PairCorr |
| 0.33 | CEG | Constellation Energy Corp | PairCorr |
| 0.87 | SSAAF | SSAB AB | PairCorr |
| 0.57 | TGS | Transportadora de Gas | PairCorr |
| 0.56 | NAUT | Nautilus Biotechnology | PairCorr |
| 0.47 | ATRO | Astronics Potential Growth | PairCorr |
| 0.45 | TXMD | TherapeuticsMD | PairCorr |
| 0.44 | DGWR | Critic Clothing | PairCorr |
| 0.37 | AER | AerCap Holdings NV | PairCorr |
| 0.36 | NYMXF | Nymox Pharmaceutical | PairCorr |
| 0.33 | CCJ | Cameco Corp | PairCorr |
| 0.43 | TEL | TE Connectivity | PairCorr |
| 0.39 | LMND | Lemonade | PairCorr |
| 0.37 | UTRS | Minerva Surgical | 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 First Pink Sheet performing well and First Gen 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 First Gen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LGSXY | 2.90 | (0.46) | 0.00 | (0.32) | 0.00 | 5.56 | 26.14 | |||
| CWPWF | 2.98 | 1.25 | 0.00 | 0.35 | 0.00 | 0.00 | 100.00 | |||
| OKEPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUPUF | 1.00 | (0.04) | 0.00 | 3.57 | 0.00 | 2.20 | 7.01 | |||
| AWAEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PVLTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GLVNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNEC | 28.96 | 12.97 | 0.00 | (0.67) | 0.00 | 0.00 | 1,028 | |||
| BOTRF | 1.35 | (0.05) | 0.00 | 0.20 | 0.00 | 5.00 | 45.00 | |||
| RAMPF | 0.80 | (0.19) | 0.00 | (0.58) | 0.00 | 1.24 | 8.59 |
First Gen 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 First Gen pink sheet to make a market-neutral strategy. Peer analysis of First Gen could also be used in its relative valuation, which is a method of valuing First Gen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
First Gen Corporate Executives
Elected by the shareholders, the First Gen's board of directors comprises two types of representatives: First Gen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Gen's management team and ensure that shareholders' interests are well served. First Gen's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Gen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Emmanuel Singson | CFO, Sr. VP and Treasurer | Profile |