4 Less Correlations
| FLES Stock | USD 0.0002 0.0001 100.00% |
The correlation of 4 Less 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.
4 Less Correlation With Market
Significant diversification
The correlation between 4 Less Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4 Less Group and DJI in the same portfolio, assuming nothing else is changed.
FLES |
The ability to find closely correlated positions to 4 Less could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4 Less 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 4 Less - 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 4 Less Group to buy it.
Moving together with FLES Pink Sheet
| 0.7 | BRDCF | Bridgestone | PairCorr |
| 0.92 | BRDCY | Bridgestone Corp ADR | PairCorr |
| 0.61 | PTAIY | Astra International Tbk | PairCorr |
Moving against FLES Pink Sheet
| 0.76 | KNTK | Kinetik Holdings | PairCorr |
| 0.73 | MBLY | Mobileye Global Class Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | FYGGY | Fuyao Glass Industry | PairCorr |
| 0.54 | GOOD | Gladstone Commercial | PairCorr |
| 0.51 | CTTAY | Continental AG PK | PairCorr |
| 0.47 | MMSI | Merit Medical Systems | PairCorr |
| 0.41 | CTTAF | Continental Aktiengesellscha | PairCorr |
| 0.4 | PTAIF | PT Astra International | PairCorr |
| 0.83 | RELY | Remitly Global | PairCorr |
| 0.83 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.73 | CBSH | Commerce Bancshares Fiscal Year End 16th of January 2025 | PairCorr |
| 0.72 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.71 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.71 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.67 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.61 | TRDA | Entrada Therapeutics | PairCorr |
| 0.54 | THCP | Thunder Bridge Capital | PairCorr |
| 0.49 | BKV | BKV Corporation | PairCorr |
| 0.35 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.87 | SUM | Summit Materials | PairCorr |
| 0.82 | DASH | DoorDash, Class A | PairCorr |
| 0.79 | SMLR | Semler Scientific | PairCorr |
| 0.74 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.74 | BSIG | Brightsphere Investment | PairCorr |
| 0.7 | SAPMF | Saipem SpA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between FLES Pink Sheet performing well and 4 Less 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 4 Less' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKV | 1.32 | 0.31 | 0.19 | (141.93) | 1.24 | 3.92 | 10.08 | |||
| RBCAA | 1.62 | 0.11 | 0.04 | 0.59 | 2.14 | 3.17 | 20.10 | |||
| KKR | 1.38 | 0.17 | 0.09 | 2.81 | 1.47 | 3.42 | 15.02 | |||
| OBYCF | 0.79 | 0.26 | 0.00 | 0.35 | 0.00 | 0.00 | 23.53 | |||
| RCMT | 1.59 | 0.14 | 0.05 | 0.37 | 2.18 | 3.43 | 12.78 | |||
| FRCOF | 0.93 | 0.18 | 0.00 | (28.79) | 0.00 | 2.65 | 23.45 | |||
| PSQH | 9.83 | 2.86 | 0.38 | 0.56 | 6.38 | 11.94 | 308.13 | |||
| TRDA | 2.26 | 0.27 | 0.08 | 0.78 | 2.92 | 5.70 | 15.20 | |||
| CEROW | 26.34 | 5.11 | 0.20 | (1.85) | 22.06 | 66.67 | 191.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 4 Less 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
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4 Less Corporate Management
| Anand Mistry | Head Marketing | Profile | |
| Christopher MBA | Inc 4less | Profile | |
| Bradley Berger | Chief Officer | Profile | |
| Hiren Modi | Head Devel | Profile |