Firan Technology Correlations
| FTG Stock | CAD 15.30 0.36 2.41% |
The current 90-days correlation between Firan Technology and Gatekeeper Systems is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Firan Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firan Technology Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Firan Technology Correlation With Market
Very poor diversification
The correlation between Firan Technology Group and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firan Technology Group and DJI in the same portfolio, assuming nothing else is changed.
Firan |
The ability to find closely correlated positions to Firan Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firan Technology 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 Firan Technology - 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 Firan Technology Group to buy it.
Moving together with Firan Stock
| 0.67 | BGI-UN | Brookfield Global | PairCorr |
| 0.79 | DAN | Arianne Phosphate | PairCorr |
| 0.71 | PDV | Prime Dividend Corp | PairCorr |
| 0.75 | EXE | Extendicare | PairCorr |
| 0.71 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.97 | MKO | Mako Mining Corp | PairCorr |
| 0.86 | IPO | InPlay Oil Corp | PairCorr |
| 0.86 | MGG | Minaurum Silver | PairCorr |
| 0.68 | WPRT | Westport Fuel Systems | PairCorr |
| 0.77 | NICU | Magna Mining | PairCorr |
| 0.74 | COLA | Coca Cola | PairCorr |
| 0.91 | TMG | Thermal Energy Inter | PairCorr |
| 0.86 | PML | Panoro Minerals | PairCorr |
| 0.97 | FTT | Finning International | PairCorr |
| 0.61 | SBI | Serabi Gold PLC | PairCorr |
| 0.69 | QNC | Quantum eMotion Corp | PairCorr |
| 0.66 | LOVE | Cannara Biotech | PairCorr |
| 0.83 | BBB | Brixton Metals | PairCorr |
| 0.76 | TUF | Honey Badger Silver | PairCorr |
| 0.88 | PWF-PA | Power Financial Corp | PairCorr |
| 0.88 | CWEB | Charlottes Web Holdings | PairCorr |
| 0.94 | ACQ | Autocanada | PairCorr |
| 0.79 | ETG | Entree Resources | PairCorr |
| 0.75 | BTE | Baytex Energy Corp | PairCorr |
| 0.86 | BTO | B2Gold Corp Earnings Call This Week | PairCorr |
Moving against Firan Stock
| 0.86 | NFLX | Netflix Inc CDR | PairCorr |
| 0.8 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.8 | MSFT | Microsoft CDR | PairCorr |
| 0.55 | AAPL | Apple CDR | PairCorr |
| 0.54 | AAPL | Apple Inc CDR | 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
|
Risk-Adjusted Indicators
There is a big difference between Firan Stock performing well and Firan Technology 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 Firan Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GSI | 2.08 | (0.55) | 0.00 | (0.84) | 0.00 | 4.88 | 12.12 | |||
| GRID | 2.76 | 0.59 | 0.17 | 0.81 | 2.89 | 5.88 | 15.99 | |||
| DRX | 2.16 | 0.36 | 0.19 | 0.36 | 1.65 | 9.41 | 15.22 | |||
| DRT | 1.87 | (0.24) | 0.00 | (0.30) | 0.00 | 4.12 | 12.46 | |||
| VLN | 1.60 | (0.14) | 0.00 | (1.37) | 0.00 | 2.66 | 23.54 | |||
| DE | 0.88 | 0.05 | 0.00 | 0.46 | 0.89 | 2.19 | 6.15 | |||
| ELVA | 3.65 | 0.59 | 0.12 | 0.30 | 4.69 | 7.61 | 46.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Firan Technology 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.Did you try this?
Run Idea Optimizer Now
Idea OptimizerUse advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
| All Next | Launch Module |
Firan Technology Corporate Management
Elected by the shareholders, the Firan Technology's board of directors comprises two types of representatives: Firan Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Firan. The board's role is to monitor Firan Technology's management team and ensure that shareholders' interests are well served. Firan Technology'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, Firan Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Crichton | VP CFO | Profile | |
| Leo LaCroix | Executive Circuits | Profile | |
| Shawn Thompson | Chatsworth Aerospace | Profile | |
| Bill Sezate | Executive Circuits | Profile | |
| Marko Viinikka | Executive Aerospace | Profile |