FARM 51 Correlations

Stocks . Germany . 
Stock . FARM 51 GROUP
F51 Stock  EUR 2.83  0.00  0.00%   
The current 90-days correlation between FARM 51 GROUP and Apple Inc is 0.09 (i.e., Significant diversification). The correlation of FARM 51 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.

FARM 51 Correlation With Market

Average diversification

The correlation between FARM 51 GROUP 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 FARM 51 GROUP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FARM 51 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARM 51 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 FARM 51 - 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 FARM 51 GROUP to buy it.

Moving together with FARM Stock

  0.73SSU Samsung ElectronicsPairCorr
  0.66SSUN Samsung ElectronicsPairCorr
  0.65SSUN Samsung ElectronicsPairCorr
  0.74SSU Samsung ElectronicsPairCorr
  0.64TCID Telkom Indonesia TbkPairCorr
  0.68PTI Perusahaan PerseroanPairCorr
  0.66TCID Telkom Indonesia TbkPairCorr
  0.74TCID Telkom Indonesia TbkPairCorr

Moving against FARM Stock

  0.54APC Apple IncPairCorr
  0.53APC Apple IncPairCorr
  0.53APC Apple IncPairCorr
  0.53APC Apple IncPairCorr
  0.53APC Apple IncPairCorr
  0.52APC Apple IncPairCorr
  0.48MSF MicrosoftPairCorr
  0.48MSF MicrosoftPairCorr
  0.48MSF MicrosoftPairCorr
  0.46MSF MicrosoftPairCorr
  0.79WD5A TRAVEL LEISURE DLPairCorr
  0.78EN3 EnbridgePairCorr
  0.742CDA Controladora Vuela CompaaPairCorr
  0.74FFH Fifth Third BancorpPairCorr
  0.722T9A TRAINLINE PLC LSPairCorr
  0.63RS6 RELIANCE STEEL ALPairCorr
  0.54TSFA Taiwan SemiconductorPairCorr
  0.530XHR Xenia Hotels ResortsPairCorr
  0.48WX7 Corporate Office ProPairCorr
  0.48MSF MicrosoftPairCorr
  0.37D4G Datametrex AI LimitedPairCorr
  0.37KOMA KOMATSU LTD SPONSPairCorr
  0.75LIE Sun Life FinancialPairCorr
  0.73WX1 Acadia Realty TrustPairCorr
  0.73RC2 RCM TECHNOLOGIESPairCorr
  0.72PPB Flutter Entertainment PLCPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FARM Stock performing well and FARM 51 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 FARM 51'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.26  0.19  1.74  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.26  0.17  7.29  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.20  8.20  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.27  0.16  97.97  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.29  0.22 (3.89) 0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.27  0.19  1.43  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.05  3.17  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.00  0.04  0.00  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.05  2.50  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.11  0.04 (3.31) 1.33 
(1.00)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in FARM 51 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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