First Tellurium Correlations

FSTTF Stock

USD 0.16 0.03 23.08%

The current 90-days correlation between First Tellurium Corp and Max Resource Corp is -0.23 (i.e., Very good diversification). The correlation of First Tellurium 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.

First Tellurium Correlation With Market

Good diversification

The correlation between First Tellurium Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tellurium Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Tellurium 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 Tellurium 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 Tellurium - 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 Tellurium Corp to buy it.

Moving against First OTC Stock

0.45	ERHE	ERHC Energy	Pair Corr
0.44	JNJ	Johnson Johnson	Pair Corr
0.37	FTV	Fortive Corp	Pair Corr
0.7	KO	Coca Cola Sell-off Trend	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.59	IBM	International Business	Pair Corr
0.55	CAT	Caterpillar	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.46	DD	Dupont De Nemours	Pair Corr
0.35	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	MXROF	TSLVF	HBEIF	GBRRF	CMAUF	CNRIF	PMMEF	CLRMF	FYMNF	TIGCF
MXROF		0.28	0.63	0.56	0.32	0.33	-0.05	0.38	0.6	-0.07	MXROF
TSLVF	0.28		0.39	0.5	-0.11	0.04	-0.59	0.67	0.45	0.61	TSLVF
HBEIF	0.63	0.39		0.54	0.38	0.32	0.07	0.46	0.73	-0.03	HBEIF
GBRRF	0.56	0.5	0.54		0.19	0.17	-0.25	0.52	0.65	0.11	GBRRF
CMAUF	0.32	-0.11	0.38	0.19		0.05	0.01	0.09	0.47	-0.13	CMAUF
CNRIF	0.33	0.04	0.32	0.17	0.05		0.09	0.16	0.25	-0.1	CNRIF
PMMEF	-0.05	-0.59	0.07	-0.25	0.01	0.09		-0.46	-0.18	-0.58	PMMEF
CLRMF	0.38	0.67	0.46	0.52	0.09	0.16	-0.46		0.58	0.52	CLRMF
FYMNF	0.6	0.45	0.73	0.65	0.47	0.25	-0.18	0.58		0.13	FYMNF
TIGCF	-0.07	0.61	-0.03	0.11	-0.13	-0.1	-0.58	0.52	0.13		TIGCF
	MXROF	TSLVF	HBEIF	GBRRF	CMAUF	CNRIF	PMMEF	CLRMF	FYMNF	TIGCF

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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

FYMNF	+ 0.73	HBEIF
CLRMF	+ 0.67	TSLVF
FYMNF	+ 0.65	GBRRF
HBEIF	+ 0.63	MXROF
TIGCF	+ 0.61	TSLVF
FYMNF	+ 0.6	MXROF

High negative correlations

PMMEF	- 0.59	TSLVF
TIGCF	- 0.58	PMMEF
CLRMF	- 0.46	PMMEF
PMMEF	- 0.25	GBRRF
FYMNF	- 0.18	PMMEF
TIGCF	- 0.13	CMAUF

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Tellurium OTC Stock 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 Tellurium'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
MXROF	3.97	0.07	0.01	0.12	5.04	(13.69)	14.29	(12.50)	26.79
TSLVF	4.69	0.75	0.10	(0.78)	4.82	(5.74)	17.51	(7.07)	34.28
HBEIF	4.41	(0.20)	0.00	(0.05)	0.00	0.00	7.69	(10.53)	40.61
GBRRF	5.70	0.71	0.12	0.25	4.78	(13.67)	14.08	(9.42)	32.74
CMAUF	0.86	(0.05)	0.00	0.04	0.00	0.00	0.00	0.00	23.18
CNRIF	23.44	7.94	0.20	(73.45)	18.77	(59.80)	44.44	(41.18)	337.12
PMMEF	3.12	(1.65)	0.00	(2.77)	0.00	0.00	0.00	0.00	100.00
CLRMF	6.41	0.43	0.08	0.21	7.13	(7.80)	15.68	(12.97)	51.61
FYMNF	2.57	(0.17)	0.00	1.79	0.00	0.00	8.02	(9.64)	23.57
TIGCF	6.20	1.22	0.20	0.49	5.01	(10.23)	15.79	(9.52)	43.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Tellurium 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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