FAR Correlations

FARYF Stock

USD 0.29 0.00 0.00%

The current 90-days correlation between FAR Limited and Aminex PLC is 0.02 (i.e., Significant diversification). The correlation of FAR 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.

FAR Correlation With Market

Modest diversification

The correlation between FAR Limited and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAR Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against FAR Pink Sheet

0.45	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.58	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.45	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.41	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.35	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	PTRUF	KGEIF	VLERF	EPSN	AEXFF	QTEYF	PSHIF	EPM	GPRK
PTRUF		0.38	0.15	0.8	0.8	0.18	-0.63	0.48	0.25	PTRUF
KGEIF	0.38		0.66	0.42	0.47	-0.5	-0.78	0.48	0.47	KGEIF
VLERF	0.15	0.66		0.12	0.08	-0.48	-0.43	0.42	0.65	VLERF
EPSN	0.8	0.42	0.12		0.89	0.24	-0.62	0.5	0.38	EPSN
AEXFF	0.8	0.47	0.08	0.89		0.26	-0.73	0.49	0.32	AEXFF
QTEYF	0.18	-0.5	-0.48	0.24	0.26		0.26	0.15	-0.09	QTEYF
PSHIF	-0.63	-0.78	-0.43	-0.62	-0.73	0.26		-0.56	-0.25	PSHIF
EPM	0.48	0.48	0.42	0.5	0.49	0.15	-0.56		0.39	EPM
GPRK	0.25	0.47	0.65	0.38	0.32	-0.09	-0.25	0.39		GPRK
	PTRUF	KGEIF	VLERF	EPSN	AEXFF	QTEYF	PSHIF	EPM	GPRK

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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

AEXFF	+ 0.89	EPSN
EPSN	+ 0.8	PTRUF
AEXFF	+ 0.8	PTRUF
VLERF	+ 0.66	KGEIF
GPRK	+ 0.65	VLERF
EPM	+ 0.5	EPSN

High negative correlations

PSHIF	- 0.78	KGEIF
PSHIF	- 0.73	AEXFF
PSHIF	- 0.63	PTRUF
PSHIF	- 0.62	EPSN
EPM	- 0.56	PSHIF
QTEYF	- 0.5	KGEIF

Risk-Adjusted Indicators

There is a big difference between FAR Pink Sheet performing well and FAR 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 FAR'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
PTRUF	1.24	0.09	0.00	0.58	1.82	(1.76)	2.88	(2.91)	13.24
KGEIF	2.46	0.27	0.03	(0.51)	2.55	(3.23)	6.52	(4.69)	17.61
VLERF	2.94	0.18	0.02	1.71	3.03	(3.79)	6.33	(5.36)	21.04
EPSN	1.90	0.14	0.01	2.50	2.30	(2.05)	4.46	(3.74)	11.32
AEXFF	1.49	0.74	0.00	9.34	0.00	0.00	0.00	0.00	50.00
QTEYF	1.35	0.10	0.00	0.31	0.00	0.00	5.88	0.00	39.39
PSHIF	1.25	(0.44)	0.00	1.61	0.00	0.00	0.00	(3.45)	15.07
EPM	1.84	0.15	0.06	0.31	1.81	(2.22)	3.99	(3.20)	20.30
GPRK	2.18	0.02	(0.01)	0.15	2.49	(2.23)	5.09	(3.58)	12.81

Be your own money manager

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