Firstwave Cloud Correlations
| FCT Stock | 0.01 0 20.00% |
The current 90-days correlation between Firstwave Cloud Tech and Aneka Tambang TBK is 0.3 (i.e., Weak diversification). The correlation of Firstwave Cloud 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.
Firstwave Cloud Correlation With Market
Good diversification
The correlation between Firstwave Cloud Technology and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Firstwave Cloud Technology and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Firstwave Cloud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firstwave Cloud 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 Firstwave Cloud - 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 Firstwave Cloud Technology to buy it.
Moving together with Firstwave Stock
Moving against Firstwave Stock
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| 0.62 | EDC | Eildon Capital Group | PairCorr |
| 0.58 | HLS | Healius | PairCorr |
| 0.58 | KMD | KMD Brands | PairCorr |
| 0.54 | ACF | Acrow | PairCorr |
| 0.52 | EHL | Emeco Holdings | PairCorr |
| 0.49 | AIS | Aeris Resources Earnings Call Today | PairCorr |
| 0.47 | HVN | Harvey Norman Holdings | PairCorr |
| 0.46 | M7T | MACH7 Technologies | PairCorr |
| 0.46 | R8R | REGENER8 Resources | PairCorr |
| 0.45 | DDR | Dicker Data | PairCorr |
| 0.43 | AUB | AUB Group | PairCorr |
| 0.4 | NABPK | National Australia Bank | PairCorr |
| 0.38 | AAU | Antilles Gold | PairCorr |
| 0.37 | ACL | Australian Clinical Labs | PairCorr |
| 0.37 | WBCPH | Westpac Banking | PairCorr |
| 0.81 | VG1 | Vgi Partners Global | PairCorr |
| 0.73 | SIX | Sprintex | PairCorr |
| 0.72 | CBAPJ | Commonwealth Bank | PairCorr |
| 0.7 | CBAPI | Commonwealth Bank | PairCorr |
| 0.69 | NVA | Nova Minerals | PairCorr |
| 0.68 | NGI | Navigator Global Inv | PairCorr |
| 0.66 | BOL | Boom Logistics Earnings Call Today | PairCorr |
| 0.62 | CINPA | Carlton Investments | PairCorr |
| 0.61 | TIA | Tian An Australia | PairCorr |
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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 Firstwave Stock performing well and Firstwave Cloud 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 Firstwave Cloud'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATM | 1.33 | (0.03) | 0.00 | 0.10 | 0.00 | 4.21 | 14.69 | |||
| CBA | 1.10 | (0.20) | 0.00 | (0.36) | 0.00 | 2.10 | 9.19 | |||
| WOW | 0.69 | 0.06 | 0.03 | 0.29 | 0.62 | 1.92 | 4.94 | |||
| NAB | 0.89 | (0.10) | 0.00 | (0.15) | 0.00 | 1.70 | 5.80 | |||
| RIO | 1.13 | 0.21 | 0.14 | 0.36 | 1.15 | 2.28 | 6.83 | |||
| WES | 0.88 | (0.12) | 0.00 | (0.19) | 0.00 | 1.81 | 9.83 | |||
| COL | 0.59 | (0.09) | 0.00 | 0.84 | 0.00 | 1.03 | 4.22 | |||
| ALD | 0.95 | 0.06 | 0.01 | 0.57 | 1.15 | 1.65 | 6.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Firstwave Cloud 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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Firstwave Cloud Corporate Management
Elected by the shareholders, the Firstwave Cloud's board of directors comprises two types of representatives: Firstwave Cloud inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Firstwave. The board's role is to monitor Firstwave Cloud's management team and ensure that shareholders' interests are well served. Firstwave Cloud's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Firstwave Cloud's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Iain Bartram | Executive Officer | Profile | |
| Santosh Agrawal | Head Operations | Profile | |
| Sundar Bharadwaj | Head MEA | Profile | |
| Dino Davanzo | Chief Officer | Profile | |
| Simon Ryan | Chief Officer | Profile | |
| Craig Nelson | Head Sales | Profile |