Federal Agricultural Correlations

AGM-A Stock

USD 143.00 5.86 3.94%

The current 90-days correlation between Federal Agricultural and Federal Agricultural Mortgage is 0.08 (i.e., Significant diversification). The correlation of Federal Agricultural 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.

Federal Agricultural Correlation With Market

Modest diversification

The correlation between Federal Agricultural Mortgage and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Agricultural Mortgage and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Federal Agricultural Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving against Federal Stock

0.42	OPFI	OppFi Inc	Pair Corr
0.31	PT	Pintec Technology	Pair Corr
0.32	AB	AllianceBernstein	Pair Corr
0.45	GL	Globe Life	Pair Corr
0.37	DB	Deutsche Bank AG	Pair Corr
0.32	LX	Lexinfintech Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	AGM-PD	AGM-PG	AGM-PE	AGM-PF	IX	ATLCP	NNI	ASFZ	AGRIP
AGM-PD		0.8	0.68	0.71	0.33	0.54	0.55	0.0	0.0	AGM-PD
AGM-PG	0.8		0.7	0.86	0.21	0.44	0.47	0.0	0.0	AGM-PG
AGM-PE	0.68	0.7		0.63	0.12	0.48	0.38	0.0	0.0	AGM-PE
AGM-PF	0.71	0.86	0.63		0.06	0.44	0.48	0.0	0.0	AGM-PF
IX	0.33	0.21	0.12	0.06		-0.01	0.04	0.0	0.0	IX
ATLCP	0.54	0.44	0.48	0.44	-0.01		0.85	0.0	0.0	ATLCP
NNI	0.55	0.47	0.38	0.48	0.04	0.85		0.0	0.0	NNI
ASFZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ASFZ
AGRIP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AGRIP
	AGM-PD	AGM-PG	AGM-PE	AGM-PF	IX	ATLCP	NNI	ASFZ	AGRIP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AGM-PF	+ 0.86	AGM-PG
NNI	+ 0.85	ATLCP
AGM-PG	+ 0.8	AGM-PD
AGM-PF	+ 0.71	AGM-PD
AGM-PE	+ 0.7	AGM-PG
AGM-PE	+ 0.68	AGM-PD

High negative correlations

ATLCP	- 0.01	IX
AGRIP	- 0.0	ASFZ
AGRIP	- 0.0	NNI
ASFZ	- 0.0	NNI
AGRIP	- 0.0	ATLCP
ASFZ	- 0.0	ATLCP

Risk-Adjusted Indicators

There is a big difference between Federal Stock performing well and Federal Agricultural 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 Federal Agricultural'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
AGM-PD	0.63	0.01	0.04	0.04	0.88	(0.63)	1.29	(1.45)	4.13
AGM-PG	0.77	0.07	0.09	0.20	0.88	(0.84)	1.50	(1.24)	6.44
AGM-PE	0.51	0.00	0.03	(0.01)	0.67	(0.51)	0.93	(1.20)	3.16
AGM-PF	0.74	0.06	0.07	0.18	0.96	(0.84)	1.58	(1.54)	6.23
IX	0.91	0.06	0.04	0.05	1.52	(0.89)	1.82	(2.17)	7.70
ATLCP	0.53	0.01	0.05	0.13	0.64	(0.57)	1.33	(1.15)	3.04
NNI	0.94	0.14	0.13	0.10	0.98	(1.06)	1.54	(1.71)	11.61
ASFZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGRIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Federal Agricultural Corporate Management

Stephen Mullery	General VP	Profile
Zachary Carpenter	Executive Officer	Profile
Jalpa Nazareth	Director Strategy	Profile
Michelle Nichols	Director Compliance	Profile
Megan MurrayPelaez	Director Communications	Profile
Lisa Meyer	Vice Communications	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC