FARM FRESH Correlations
| 5306 Stock | 1.79 0.01 0.56% |
The current 90-days correlation between FARM FRESH BERHAD and Datasonic Group Bhd is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FARM FRESH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FARM FRESH BERHAD moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FARM FRESH Correlation With Market
Significant diversification
The correlation between FARM FRESH BERHAD and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FARM FRESH BERHAD and DJI in the same portfolio, assuming nothing else is changed.
FARM |
The ability to find closely correlated positions to FARM FRESH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARM FRESH 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 FARM FRESH - 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 FARM FRESH BERHAD to buy it.
Moving together with FARM Stock
Moving against FARM Stock
| 0.73 | 3816 | MISC Bhd | PairCorr |
| 0.7 | 6033 | Petronas Gas Bhd | PairCorr |
| 0.65 | 0201 | Nova Wellness Group | PairCorr |
| 0.55 | 5222 | FGV Holdings Bhd | PairCorr |
| 0.48 | 1295 | Public Bank Bhd | PairCorr |
| 0.47 | 8869 | Press Metal Bhd | PairCorr |
| 0.44 | 5183 | Petronas Chemicals | 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 FARM Stock performing well and FARM FRESH 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 FARM FRESH'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8869 | 1.47 | (0.19) | 0.00 | (0.21) | 0.00 | 3.66 | 8.30 | |||
| 5216 | 1.28 | (0.29) | 0.00 | (0.28) | 0.00 | 2.56 | 9.42 | |||
| 8052 | 1.28 | 0.12 | 0.01 | 0.65 | 2.30 | 1.22 | 46.90 | |||
| 5183 | 1.48 | (0.24) | 0.00 | (0.86) | 0.00 | 2.72 | 12.76 | |||
| 8338 | 2.23 | (0.41) | 0.00 | (1.82) | 0.00 | 6.25 | 33.19 | |||
| 1066 | 0.68 | 0.19 | 0.10 | 1.65 | 0.48 | 1.69 | 5.88 | |||
| 0250 | 0.95 | (0.22) | 0.00 | (0.35) | 0.00 | 3.70 | 7.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FARM FRESH 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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