Frasers Property Correlations

FSRPF Stock

USD 0.84 0.00 0.00%

The correlation of Frasers Property 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.

Frasers Property Correlation With Market

Good diversification

The correlation between Frasers Property Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frasers Property Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Frasers Pink Sheet

0.68	MTSFY	Mitsui Fudosan	Pair Corr
0.7	MITEY	Mitsubishi Estate	Pair Corr
0.7	BSXGF	Belo Sun Mining	Pair Corr
0.68	KRYS	Krystal Biotech	Pair Corr
0.68	SRRTF	Slate Grocery REIT	Pair Corr
0.74	EXETF	Extendicare	Pair Corr
0.71	BSRR	Sierra Bancorp	Pair Corr
0.61	LMND	Lemonade	Pair Corr
0.74	HUBG	Hub Group	Pair Corr
0.73	MDGL	Madrigal Pharmaceuticals	Pair Corr

Moving against Frasers Pink Sheet

0.81	GLABF	Gemina Laboratories	Pair Corr
0.74	NSFDF	NXT Energy Solutions	Pair Corr
0.66	SPHXF	SM Prime Holdings	Pair Corr
0.62	NDVLY	New World Development	Pair Corr
0.45	ZTLLF	Zonetail	Pair Corr
0.51	ICCT	iCoreConnect Common stock	Pair Corr
0.41	ENSV	Enservco	Pair Corr

Related Correlations Analysis

	HNLGF	HNLGY	LLESF	LLESY	FRZCF	CTRGF	UILCY	FRLOF	HUFAF	FCXXF
HNLGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HNLGF
HNLGY	0.0		-0.51	-0.26	-0.08	0.0	0.0	0.58	0.47	0.1	HNLGY
LLESF	0.0	-0.51		0.84	-0.02	0.0	0.0	-0.42	-0.73	0.42	LLESF
LLESY	0.0	-0.26	0.84		0.1	0.0	0.0	-0.48	-0.59	0.46	LLESY
FRZCF	0.0	-0.08	-0.02	0.1		0.0	0.0	-0.23	-0.11	0.29	FRZCF
CTRGF	0.0	0.0	0.0	0.0	0.0		1.0	0.0	0.0	0.0	CTRGF
UILCY	0.0	0.0	0.0	0.0	0.0	1.0		0.0	0.0	0.0	UILCY
FRLOF	0.0	0.58	-0.42	-0.48	-0.23	0.0	0.0		0.51	0.04	FRLOF
HUFAF	0.0	0.47	-0.73	-0.59	-0.11	0.0	0.0	0.51		-0.44	HUFAF
FCXXF	0.0	0.1	0.42	0.46	0.29	0.0	0.0	0.04	-0.44		FCXXF
	HNLGF	HNLGY	LLESF	LLESY	FRZCF	CTRGF	UILCY	FRLOF	HUFAF	FCXXF

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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

UILCY	+ 1.0	CTRGF
LLESY	+ 0.84	LLESF
FRLOF	+ 0.58	HNLGY
HUFAF	+ 0.51	FRLOF
HUFAF	+ 0.47	HNLGY
FCXXF	+ 0.46	LLESY

High negative correlations

HUFAF	- 0.73	LLESF
HUFAF	- 0.59	LLESY
LLESF	- 0.51	HNLGY
FRLOF	- 0.48	LLESY
FCXXF	- 0.44	HUFAF
FRLOF	- 0.42	LLESF

Risk-Adjusted Indicators

There is a big difference between Frasers Pink Sheet performing well and Frasers Property 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 Frasers Property'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HNLGF	0.00	0.00	0.00	0.00	0.00	0.00
HNLGY	0.51	0.01	0.16	0.00	(0.32)	20.46
LLESF	0.50	(0.20)	(0.60)	0.00	0.00	16.17
LLESY	0.98	(0.36)	(0.87)	1.76	(4.71)	12.87
FRZCF	0.57	(0.01)	0.12	0.57	(1.13)	11.74
CTRGF	0.00	0.00	0.00	0.00	0.00	0.00
UILCY	0.00	0.00	0.00	0.00	0.00	0.00
FRLOF	1.09	0.15	0.56	3.95	0.00	23.80
HUFAF	0.15	0.02	(0.79)	0.00	0.00	4.83
FCXXF	0.40	(0.06)	(0.19)	1.54	(1.14)	7.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Frasers Property 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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