Filtronic Correlations

Stocks . UK . 
Stock . Filtronic
FTC Stock   204.00  7.00  3.55%   
The current 90-days correlation between Filtronic and Samsung SDI Co is 0.18 (i.e., Average diversification). The correlation of Filtronic 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.

Filtronic Correlation With Market

Very poor diversification

The correlation between Filtronic and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Filtronic and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Filtronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Filtronic 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 Filtronic - 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 Filtronic to buy it.

Moving together with Filtronic Stock

  0.78ROAD Roadside Real EstatePairCorr
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  0.870J4G Helmerich PaynePairCorr
  0.66BME BM European ValuePairCorr
  0.64EGY VAALCO EnergyPairCorr
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  0.790QWA LogistaPairCorr
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  0.72SOLI Solid State PlcPairCorr
  0.71UU United UtilitiesPairCorr
  0.96JUP Jupiter Fund ManagementPairCorr
  0.80OIY Caltagirone SpA OrdPairCorr
  0.680RR8 Baker HughesPairCorr
  0.63SDV Chelverton UK DividendPairCorr
  0.840I4X Crown HoldingsPairCorr
  0.82CTPE CT Private EquityPairCorr
  0.870N9K Elmos Semiconductor Earnings Call This WeekPairCorr
  0.96JEDT JPMorgan Euro SmallPairCorr
  0.9SMT Scottish MortgagePairCorr
  0.740QHL Corbion NVPairCorr

Moving against Filtronic Stock

  0.350H3T Deutsche Boerse AGPairCorr

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

BC94
+ 1.0
SMSN
SMSD
+ 0.99
SMSN
BC94
+ 0.99
SMSD
TYT
+ 0.88
SMSD
TYT
+ 0.87
SMSN
TYT
+ 0.87
BC94
  

High negative correlations

0R15
- 0.88
BC94
0R15
- 0.88
SMSN
0R15
- 0.87
SMSD
LGLD
- 0.8
0R15
0R15
- 0.8
TYT
0R15
- 0.76
SBID

Risk-Adjusted Indicators

There is a big difference between Filtronic Stock performing well and Filtronic 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 Filtronic'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Filtronic 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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Filtronic Corporate Management

Elected by the shareholders, the Filtronic's board of directors comprises two types of representatives: Filtronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Filtronic. The board's role is to monitor Filtronic's management team and ensure that shareholders' interests are well served. Filtronic'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, Filtronic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tudor WilliamsChief OfficerProfile
Sarah ShawGeneral SecretaryProfile
Katie GrahamHead HRProfile
Mark BlackChief OfficerProfile
Peter KrierChief OfficerProfile
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