Federal Home Correlations

FMCKK Stock

USD 15.40 0.01 0.07%

The current 90-days correlation between Federal Home Loan and Deckers Outdoor is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal Home Loan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal Home Correlation With Market

Very weak diversification

The correlation between Federal Home Loan and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Home Loan and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Federal OTC Stock

1.0	FREJP	Federal Home 530	Pair Corr
1.0	FREJO	Federal Home Loan	Pair Corr
0.92	FSTR	LB Foster	Pair Corr
0.76	AGFY	Agrify Corp Trending	Pair Corr
0.65	NVDA	NVIDIA	Pair Corr
0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.9	OZK	Bank Ozk Fiscal Year End 16th of January 2025	Pair Corr
0.88	DECK	Deckers Outdoor	Pair Corr
0.74	OMIC	Singular Genomics Systems	Pair Corr
0.75	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.88	TATT	Tat Techno	Pair Corr
0.96	OPFI	OppFi Inc	Pair Corr
0.8	FTI	TechnipFMC PLC	Pair Corr
0.8	HA	Hawaiian Holdings	Pair Corr
0.78	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.94	FTNT	Fortinet	Pair Corr
0.67	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.83	PANW	Palo Alto Networks	Pair Corr

Moving against Federal OTC Stock

0.87	PPERY	Bank Mandiri Persero	Pair Corr
0.85	BKRKY	Bank Rakyat	Pair Corr
0.84	TLK	Telkom Indonesia Tbk	Pair Corr
0.81	PBCRY	Bank Central Asia	Pair Corr
0.79	PPERF	Bank Mandiri Persero	Pair Corr
0.68	BKRKF	PT Bank Rakyat	Pair Corr
0.56	PBCRF	PT Bank Central	Pair Corr
0.33	CZR	Caesars Entertainment	Pair Corr

Related Correlations Analysis

	FMCKK	DECK	FTI	OMIC	AGFY	FTNT	OPFI	WDC
FMCKK		0.88	0.8	0.74	0.76	0.94	0.96	0.27	FMCKK
DECK	0.88		0.87	0.74	0.82	0.87	0.94	0.49	DECK
FTI	0.8	0.87		0.77	0.75	0.8	0.85	0.45	FTI
OMIC	0.74	0.74	0.77		0.48	0.74	0.74	0.48	OMIC
AGFY	0.76	0.82	0.75	0.48		0.69	0.82	0.39	AGFY
FTNT	0.94	0.87	0.8	0.74	0.69		0.93	0.25	FTNT
OPFI	0.96	0.94	0.85	0.74	0.82	0.93		0.42	OPFI
WDC	0.27	0.49	0.45	0.48	0.39	0.25	0.42		WDC
	FMCKK	DECK	FTI	OMIC	AGFY	FTNT	OPFI	WDC

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Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal Home OTC Stock 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 Federal Home'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
FMCKK	3.73	0.93	0.63	0.26	1.38	(6.41)	5.55	(4.46)	77.57
DECK	1.75	0.20	0.09	0.31	1.94	(1.87)	3.99	(3.72)	15.66
FTI	1.61	0.11	0.05	0.23	2.23	(1.58)	3.52	(3.50)	9.70
OMIC	6.78	2.67	0.65	4.30	2.78	(8.94)	12.24	(6.36)	129.25
AGFY	11.09	5.22	0.72	9.11	4.89	(13.20)	36.89	(9.68)	86.82
FTNT	1.37	0.24	0.15	0.37	1.17	(1.55)	3.57	(2.47)	13.48
OPFI	3.24	0.73	0.26	0.50	2.95	(4.12)	6.73	(5.06)	27.83
WDC	1.77	0.06	0.06	0.17	1.74	(2.02)	4.61	(2.94)	11.83

Be your own money manager

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