FPT Corp Correlations
| FPT Stock | 149,600 200.00 0.13% |
The current 90-days correlation between FPT Corp and FIT INVEST JSC is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FPT Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPT Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FPT Corp Correlation With Market
Average diversification
The correlation between FPT Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FPT Corp and DJI in the same portfolio, assuming nothing else is changed.
FPT |
The ability to find closely correlated positions to FPT Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPT Corp 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 FPT Corp - 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 FPT Corp to buy it.
Moving together with FPT Stock
| 0.8 | ABS | Binhthuan Agriculture | PairCorr |
| 0.68 | BCF | Bich Chi Food | PairCorr |
| 0.85 | ELC | Elcom Technology Com | PairCorr |
| 0.62 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.83 | CSV | South Basic Chemicals | PairCorr |
| 0.61 | SMA | Saigon Machinery Spare | PairCorr |
Moving against FPT Stock
| 0.75 | AME | Alphanam ME | PairCorr |
| 0.59 | APG | APG Securities Joint | PairCorr |
| 0.48 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.39 | ADS | Damsan JSC | PairCorr |
| 0.38 | FIT | FIT INVEST JSC | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FPT Stock performing well and FPT Corp 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 FPT Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIT | 0.71 | (0.08) | 0.00 | (0.95) | 0.00 | 1.42 | 4.38 | |||
| ADS | 1.11 | (0.24) | 0.00 | (33.76) | 0.00 | 3.45 | 12.45 | |||
| AAA | 0.92 | (0.15) | 0.00 | (0.39) | 0.00 | 2.22 | 6.34 | |||
| AME | 2.48 | (0.50) | 0.00 | 2.19 | 0.00 | 5.36 | 18.62 | |||
| APG | 1.36 | (0.42) | 0.00 | 1.69 | 0.00 | 3.47 | 11.36 | |||
| ABS | 1.58 | 0.24 | 0.11 | (1.03) | 1.69 | 5.10 | 12.04 | |||
| AAM | 2.00 | (0.09) | 0.00 | (0.17) | 0.00 | 4.69 | 11.74 | |||
| ABT | 0.74 | (0.11) | 0.00 | (3.10) | 0.00 | 1.91 | 8.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FPT Corp 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?
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