Focus Graphite Correlations
| FCSMF Stock | USD 0.39 0.03 7.14% |
The current 90-days correlation between Focus Graphite and American West Metals is -0.01 (i.e., Good diversification). The correlation of Focus Graphite 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.
Focus Graphite Correlation With Market
Good diversification
The correlation between Focus Graphite and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focus Graphite and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Focus Graphite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Focus Graphite 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 Focus Graphite - 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 Focus Graphite to buy it.
Moving together with Focus OTC Stock
| 0.85 | CUB | Lionheart Holdings | PairCorr |
| 0.64 | CVI | CVR Energy | PairCorr |
| 0.82 | CPA | Copa Holdings SA | PairCorr |
| 0.7 | TWRFF | Tower Resources | PairCorr |
| 0.65 | NNRI | NNRF Inc | PairCorr |
| 0.83 | KURA | Kura Oncology | PairCorr |
| 0.71 | PSTG | Pure Storage | PairCorr |
| 0.82 | IREN | IREN Aggressive Push | PairCorr |
| 0.73 | VLEEF | Valeo SE | PairCorr |
| 0.73 | ACRV | Acrivon Therapeutics, | PairCorr |
| 0.62 | RR | Richtech Robotics Class Earnings Call This Week | PairCorr |
| 0.71 | LEU | Centrus Energy | PairCorr |
| 0.61 | CMCO | Columbus McKinnon | PairCorr |
| 0.65 | RYHTY | Ryman Healthcare | PairCorr |
| 0.7 | BTU | Peabody Energy Corp | PairCorr |
| 0.72 | BJDX | Bluejay Diagnostics | PairCorr |
Moving against Focus OTC Stock
| 0.76 | CBRL | Cracker Barrel Old | PairCorr |
| 0.72 | ADVWW | Advantage Solutions | PairCorr |
| 0.65 | KG | KING PHARMACEUTICALS INC Symbol Change | PairCorr |
| 0.63 | GCMGW | GCM Grosvenor | PairCorr |
| 0.49 | WMELF | Westmount Energy | PairCorr |
| 0.37 | PCTTW | PureCycle Technologies | PairCorr |
Related Correlations Analysis
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 Focus OTC Stock performing well and Focus Graphite 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 Focus Graphite'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWMLF | 8.47 | 1.46 | 0.06 | 0.92 | 10.14 | 30.89 | 137.30 | |||
| AMYZF | 7.73 | 1.64 | 0.18 | 0.47 | 7.21 | 18.18 | 75.04 | |||
| NVLHF | 4.50 | 0.49 | 0.05 | 1.62 | 5.11 | 13.33 | 47.65 | |||
| WRSLF | 4.52 | 0.38 | 0.01 | (0.07) | 6.67 | 16.67 | 65.33 | |||
| ESKYF | 5.04 | (0.32) | 0.00 | (0.46) | 0.00 | 13.64 | 30.76 | |||
| FTMDF | 9.64 | 1.18 | 0.05 | (0.41) | 9.76 | 20.00 | 48.57 | |||
| MIDLF | 10.44 | 1.30 | 0.09 | 0.52 | 11.92 | 35.71 | 100.00 | |||
| LLKKF | 6.64 | (0.20) | 0.00 | (0.01) | 0.00 | 15.38 | 34.43 | |||
| SRGMF | 4.73 | 2.39 | 0.00 | (0.36) | 0.00 | 0.00 | 186.81 | |||
| CYDVF | 3.35 | (0.17) | 0.00 | (0.30) | 0.00 | 10.00 | 19.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Focus Graphite 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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