Federal Agricultural Correlations

AGM Stock

USD 194.29 1.33 0.69%

The current 90-days correlation between Federal Agricultural and Federal Agricultural Mortgage is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal Agricultural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal Agricultural Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal Agricultural Correlation With Market

Very weak diversification

The correlation between Federal Agricultural Mortgage and DJI is 0.45 (i.e., Very weak 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 price.

Moving together with Federal Stock

0.67	V	Visa Class A	Pair Corr
0.75	MA	Mastercard	Pair Corr
0.74	WSBF	Waterstone Financial	Pair Corr
0.65	BBDC	Barings BDC	Pair Corr
0.68	COOP	Mr Cooper Group	Pair Corr
0.62	BK	Bank of New York	Pair Corr

Moving against Federal Stock

0.45

Everest Group

Pair Corr

Related Correlations Analysis

	AGM-A	AGM-PD	AGM-PG	AGM-PE	AGM-PF	IX	FCFS	SLM	NAVI
AGM-A		-0.34	-0.47	-0.23	-0.5	0.09	-0.57	-0.23	-0.22	AGM-A
AGM-PD	-0.34		0.79	0.68	0.7	0.32	0.53	0.38	0.47	AGM-PD
AGM-PG	-0.47	0.79		0.67	0.86	0.2	0.59	0.51	0.39	AGM-PG
AGM-PE	-0.23	0.68	0.67		0.6	0.11	0.41	0.47	0.61	AGM-PE
AGM-PF	-0.5	0.7	0.86	0.6		0.05	0.55	0.43	0.41	AGM-PF
IX	0.09	0.32	0.2	0.11	0.05		-0.06	-0.21	-0.08	IX
FCFS	-0.57	0.53	0.59	0.41	0.55	-0.06		0.69	0.25	FCFS
SLM	-0.23	0.38	0.51	0.47	0.43	-0.21	0.69		0.31	SLM
NAVI	-0.22	0.47	0.39	0.61	0.41	-0.08	0.25	0.31		NAVI
	AGM-A	AGM-PD	AGM-PG	AGM-PE	AGM-PF	IX	FCFS	SLM	NAVI

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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

AGM-PF	+ 0.86	AGM-PG
AGM-PG	+ 0.79	AGM-PD
AGM-PF	+ 0.7	AGM-PD
SLM	+ 0.69	FCFS
AGM-PE	+ 0.68	AGM-PD
AGM-PE	+ 0.67	AGM-PG

High negative correlations

FCFS	- 0.57	AGM-A
AGM-PF	- 0.5	AGM-A
AGM-PG	- 0.47	AGM-A
AGM-PD	- 0.34	AGM-A
SLM	- 0.23	AGM-A
AGM-PE	- 0.23	AGM-A

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-A	1.49	(0.11)	0.00	(0.17)	0.00	0.00	2.49	(4.60)	16.56
AGM-PD	0.62	0.01	0.02	0.06	0.88	(0.63)	1.29	(1.45)	4.13
AGM-PG	0.78	0.06	0.06	0.21	0.89	(0.84)	1.50	(1.24)	6.44
AGM-PE	0.52	(0.01)	0.00	(0.06)	0.00	0.00	0.93	(1.20)	3.16
AGM-PF	0.74	0.04	0.04	0.17	0.96	(0.87)	1.58	(1.54)	6.23
IX	0.91	0.03	0.02	0.04	1.55	(0.89)	1.82	(2.17)	7.70
FCFS	0.90	0.27	0.24	0.47	0.81	(1.01)	2.41	(1.75)	6.71
SLM	1.40	0.14	0.08	1.06	1.47	(1.54)	3.36	(2.88)	8.92
NAVI	1.47	(0.05)	0.00	(0.06)	0.00	0.00	2.47	(3.29)	9.49

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