Security First Correlations

SCFR Stock

USD 0.13 0.01 7.14%

The correlation of Security First 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.

Security First Correlation With Market

Significant diversification

The correlation between Security First Intl and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Security First Intl and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Security Pink Sheet

0.65	NTES	NetEase	Pair Corr
0.63	NETTF	NetEase Inc	Pair Corr
0.74	RBLX	Roblox Corp	Pair Corr

Moving against Security Pink Sheet

0.68	IRNRF	Iron Road Limited	Pair Corr
0.58	RLMD	Relmada Therapeutics	Pair Corr
0.54	GSTX	Graphene Solar Techn	Pair Corr
0.51	NEXOF	NEXON Co	Pair Corr
0.49	NEXOY	Nexon Co	Pair Corr
0.38	ALVLF	Big Ridge Gold	Pair Corr
0.74	APGE	Apogee Therapeutics,	Pair Corr
0.66	DNLMY	Dunelm Group PLC	Pair Corr
0.65	REGN	Regeneron Pharmaceuticals	Pair Corr
0.62	AAL	American Airlines	Pair Corr
0.58	SHIP	Seanergy Maritime	Pair Corr
0.58	HL	Hecla Mining	Pair Corr
0.51	68233JBP8	US68233JBP84	Pair Corr
0.43	DDS	Dillards,	Pair Corr
0.35	STAG	STAG Industrial	Pair Corr
0.33	TAK	Takeda Pharmaceutical	Pair Corr
0.69	CX	Cemex SAB de Sell-off Trend	Pair Corr
0.6	KYOCF	Kyocera	Pair Corr
0.6	BAC	Bank of America	Pair Corr
0.58	CHACR	Crane Harbor Acquisition	Pair Corr
0.45	PHAR	Pharming Group NV	Pair Corr
0.43	SHUFF	Shufersal Trending	Pair Corr
0.42	BLMC	Biloxi Marsh Lands	Pair Corr

Related Correlations Analysis

	RMDEF	STLFF	FRRDF	MCAP	FSOYF	AKAFF	TTGPF	CHAEF	IVUFF	BGOUF
RMDEF		0.0	0.0	0.0	-1.0	0.0	0.0	0.0	1.0	0.0	RMDEF
STLFF	0.0		0.38	0.27	0.0	0.0	0.38	0.22	0.0	0.08	STLFF
FRRDF	0.0	0.38		0.23	0.0	0.0	0.49	0.68	0.0	0.07	FRRDF
MCAP	0.0	0.27	0.23		0.0	0.0	0.67	0.04	0.0	-0.46	MCAP
FSOYF	-1.0	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	0.0	FSOYF
AKAFF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AKAFF
TTGPF	0.0	0.38	0.49	0.67	0.0	0.0		0.27	0.0	-0.31	TTGPF
CHAEF	0.0	0.22	0.68	0.04	0.0	0.0	0.27		0.0	0.44	CHAEF
IVUFF	1.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		0.0	IVUFF
BGOUF	0.0	0.08	0.07	-0.46	0.0	0.0	-0.31	0.44	0.0		BGOUF
	RMDEF	STLFF	FRRDF	MCAP	FSOYF	AKAFF	TTGPF	CHAEF	IVUFF	BGOUF

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

IVUFF	+ 1.0	RMDEF
CHAEF	+ 0.68	FRRDF
TTGPF	+ 0.67	MCAP
TTGPF	+ 0.49	FRRDF
BGOUF	+ 0.44	CHAEF
FRRDF	+ 0.38	STLFF

High negative correlations

IVUFF	- 1.0	FSOYF
FSOYF	- 1.0	RMDEF
BGOUF	- 0.46	MCAP
BGOUF	- 0.31	TTGPF
BGOUF	- 0.0	IVUFF
IVUFF	- 0.0	CHAEF

Risk-Adjusted Indicators

There is a big difference between Security Pink Sheet performing well and Security First 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 Security First'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
RMDEF	0.00	0.00	0.00	0.00	0.00	0.00
STLFF	1.39	0.33	1.27	6.67	0.00	31.63
FRRDF	1.91	1.02	(2.98)	0.00	0.00	50.12
MCAP	2.10	(0.38)	(1.00)	0.51	0.00	71.60
FSOYF	0.00	0.00	0.00	0.00	0.00	0.00
AKAFF	0.00	0.00	0.00	0.00	0.00	0.00
TTGPF	1.79	0.27	1.53	0.51	(0.55)	70.05
CHAEF	2.20	0.57	1.25	3.23	0.00	42.80
IVUFF	0.00	0.00	0.00	0.00	0.00	0.00
BGOUF	0.81	(0.10)	(0.58)	0.44	(1.74)	20.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Security First 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 Funds Screener Now

Funds Screener

Find actively-traded funds from around the world traded on over 30 global exchanges

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

2025 Macroaxis LLC