FARM 51 Correlations

Stocks . Germany . 
Stock . FARM 51 GROUP
F51 Stock  EUR 2.92  0.09  3.18%   
The current 90-days correlation between FARM 51 GROUP and ABO GROUP ENVIRONMENT is -0.01 (i.e., Good diversification). The correlation of FARM 51 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.

FARM 51 Correlation With Market

Significant diversification

The correlation between FARM 51 GROUP and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FARM 51 GROUP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FARM 51 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 51 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 51 - 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 51 GROUP to buy it.

Moving together with FARM Stock

  0.73SSU Samsung ElectronicsPairCorr
  0.66SSUN Samsung ElectronicsPairCorr
  0.64SSUN Samsung ElectronicsPairCorr
  0.74SSU Samsung ElectronicsPairCorr
  0.63PTI Perusahaan PerseroanPairCorr
  0.63TCID Telkom Indonesia TbkPairCorr
  0.74TCID Telkom Indonesia TbkPairCorr

Moving against FARM Stock

  0.55APC Apple IncPairCorr
  0.55APC Apple IncPairCorr
  0.55APC Apple IncPairCorr
  0.55APC Apple IncPairCorr
  0.55APC Apple IncPairCorr
  0.55APC Apple IncPairCorr
  0.5MSF MicrosoftPairCorr
  0.5MSF MicrosoftPairCorr
  0.5MSF MicrosoftPairCorr
  0.48MSF MicrosoftPairCorr
  0.81EN3 EnbridgePairCorr
  0.79WD5A TRAVEL LEISURE DLPairCorr
  0.752CDA Controladora Vuela CompaaPairCorr
  0.74FFH Fifth Third BancorpPairCorr
  0.722T9A TRAINLINE PLC LSPairCorr
  0.62RS6 RELIANCE STEEL ALPairCorr
  0.55TSFA Taiwan SemiconductorPairCorr
  0.530XHR Xenia Hotels ResortsPairCorr
  0.52MSF MicrosoftPairCorr
  0.48WX7 Corporate Office ProPairCorr
  0.37KOMA KOMATSU LTD SPONSPairCorr
  0.78LIE Sun Life FinancialPairCorr
  0.74PPB Flutter Entertainment PLCPairCorr
  0.73WX1 Acadia Realty TrustPairCorr
  0.73RC2 RCM TECHNOLOGIESPairCorr

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   
IC1H
+ 0.91
0XHR
PD0
+ 0.89
0XHR
PD0
+ 0.79
IC1H
9ZY
+ 0.48
IC1H
9ZY
+ 0.3
0XHR
NPS
+ 0.25
3T61
  
High negative correlations   
IC1H
- 0.94
3T61
0XHR
- 0.85
3T61
PD0
- 0.78
3T61
9ZY
- 0.41
3T61
NPS
- 0.28
IC1H
NPS
- 0.14
0XHR

Risk-Adjusted Indicators

There is a big difference between FARM Stock performing well and FARM 51 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 51'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FARM 51 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.

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