FirstCaution Correlations

MLFIR Stock

EUR 44.60 0.00 0.00%

The current 90-days correlation between FirstCaution SA and Caisse Rgionale de is -0.05 (i.e., Good diversification). The correlation of FirstCaution 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.

FirstCaution Correlation With Market

Average diversification

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

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

Moving against FirstCaution Stock

0.47	ALORA	Altheora SA	Pair Corr
0.44	GDS	Ramsay Generale De	Pair Corr
0.39	ELIS	Elis SA	Pair Corr
0.36	MLAEM	Ashler et Manson	Pair Corr
0.35	ALKAL	Kalray SA	Pair Corr
0.57	ALPOU	Poulaillon SA	Pair Corr
0.51	AIR	Airbus Group SE	Pair Corr

Related Correlations Analysis

	CMO	CRAV	CAT31	CRLA	BSD	CCN	ALMEX	ALBON	CRSU	CIV
CMO		0.57	0.5	0.48	0.33	0.6	-0.09	0.41	0.47	0.7	CMO
CRAV	0.57		0.63	0.81	0.31	0.84	-0.04	0.7	0.68	0.82	CRAV
CAT31	0.5	0.63		0.81	-0.07	0.79	0.45	0.24	0.9	0.7	CAT31
CRLA	0.48	0.81	0.81		0.01	0.8	0.36	0.49	0.82	0.76	CRLA
BSD	0.33	0.31	-0.07	0.01		0.16	-0.27	0.7	-0.13	0.43	BSD
CCN	0.6	0.84	0.79	0.8	0.16		0.05	0.51	0.8	0.76	CCN
ALMEX	-0.09	-0.04	0.45	0.36	-0.27	0.05		-0.21	0.46	0.05	ALMEX
ALBON	0.41	0.7	0.24	0.49	0.7	0.51	-0.21		0.28	0.68	ALBON
CRSU	0.47	0.68	0.9	0.82	-0.13	0.8	0.46	0.28		0.65	CRSU
CIV	0.7	0.82	0.7	0.76	0.43	0.76	0.05	0.68	0.65		CIV
	CMO	CRAV	CAT31	CRLA	BSD	CCN	ALMEX	ALBON	CRSU	CIV

Please upgrade your account to get full access to Macroaxis premium features

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

CRSU	+ 0.9	CAT31
CCN	+ 0.84	CRAV
CIV	+ 0.82	CRAV
CRSU	+ 0.82	CRLA
CRLA	+ 0.81	CRAV
CRLA	+ 0.81	CAT31

High negative correlations

ALMEX	- 0.27	BSD
ALBON	- 0.21	ALMEX
CRSU	- 0.13	BSD
ALMEX	- 0.09	CMO
BSD	- 0.07	CAT31
ALMEX	- 0.04	CRAV

Risk-Adjusted Indicators

There is a big difference between FirstCaution Stock performing well and FirstCaution 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 FirstCaution'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
CMO	2.26	0.03	(0.02)	0.32	2.63	(2.66)	4.67	(4.56)	14.68
CRAV	1.52	0.05	(0.02)	1.79	2.19	(1.67)	3.95	(3.27)	12.43
CAT31	2.10	(0.01)	(0.01)	0.08	2.35	(2.25)	4.17	(4.00)	12.05
CRLA	1.42	(0.13)	0.00	(0.60)	0.00	0.00	3.28	(2.98)	9.61
BSD	1.08	0.32	0.22	1.13	0.74	(1.39)	2.56	(1.67)	10.75
CCN	1.97	(0.08)	0.00	(0.03)	0.00	0.00	4.32	(4.00)	15.30
ALMEX	6.70	(0.65)	0.00	(1.05)	0.00	0.00	10.48	(15.09)	45.68
ALBON	0.75	0.05	(0.01)	0.25	1.01	(0.84)	2.00	(2.07)	4.99
CRSU	1.60	(0.18)	0.00	(0.55)	0.00	0.00	3.73	(3.96)	10.73
CIV	1.60	(0.09)	0.00	(0.13)	0.00	0.00	2.86	(3.32)	7.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in FirstCaution 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 Balance Of Power Now

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC