FD Technologies Correlations

The current 90-days correlation between FD Technologies Plc and N Able Inc is -0.02 (i.e., Good diversification). The correlation of FD Technologies 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.

FD Technologies Correlation With Market

Significant diversification

The correlation between FD Technologies Plc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FD Technologies Plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FD Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FD Technologies 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 FD Technologies - 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 FD Technologies Plc to buy it.

Moving together with FDRVF Pink Sheet

0.7	DPZ	Dominos Pizza Common	Pair Corr
0.79	TDUP	ThredUp	Pair Corr
0.63	MO	Altria Group	Pair Corr
0.65	BEN	Franklin Resources	Pair Corr
0.61	REFI	Chicago Atlantic Real	Pair Corr
0.71	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against FDRVF Pink Sheet

0.47	CGEMY	Capgemini SE ADR	Pair Corr
0.32	FIS	Fidelity National	Pair Corr
0.44	PIFMF	PT Indofood Sukses	Pair Corr

Related Correlations Analysis

	ISMAY	NIPNF	FJTSF	NRILY	DTST	CLVT	NABL	DMRC	IT
ISMAY		0.27	0.47	0.39	-0.55	0.73	0.84	-0.41	0.36	ISMAY
NIPNF	0.27		0.27	0.26	-0.47	0.32	0.44	-0.34	0.05	NIPNF
FJTSF	0.47	0.27		0.66	-0.46	0.39	0.55	-0.37	0.46	FJTSF
NRILY	0.39	0.26	0.66		-0.32	0.53	0.53	-0.27	0.36	NRILY
DTST	-0.55	-0.47	-0.46	-0.32		-0.6	-0.74	0.67	-0.24	DTST
CLVT	0.73	0.32	0.39	0.53	-0.6		0.76	-0.44	0.13	CLVT
NABL	0.84	0.44	0.55	0.53	-0.74	0.76		-0.73	0.58	NABL
DMRC	-0.41	-0.34	-0.37	-0.27	0.67	-0.44	-0.73		-0.66	DMRC
IT	0.36	0.05	0.46	0.36	-0.24	0.13	0.58	-0.66		IT
	ISMAY	NIPNF	FJTSF	NRILY	DTST	CLVT	NABL	DMRC	IT

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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

NABL	+ 0.84	ISMAY
NABL	+ 0.76	CLVT
CLVT	+ 0.73	ISMAY
DMRC	+ 0.67	DTST
NRILY	+ 0.66	FJTSF
IT	+ 0.58	NABL

High negative correlations

NABL	- 0.74	DTST
DMRC	- 0.73	NABL
IT	- 0.66	DMRC
CLVT	- 0.6	DTST
DTST	- 0.55	ISMAY
DTST	- 0.47	NIPNF

Risk-Adjusted Indicators

There is a big difference between FDRVF Pink Sheet performing well and FD Technologies 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 FD Technologies' 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
ISMAY	0.25	(0.04)	0.00	7.73	0.00	0.00	0.00	(0.68)	6.21
NIPNF	1.88	(0.41)	0.00	(0.52)	0.00	0.00	0.00	(5.47)	45.10
FJTSF	6.02	0.03	0.01	(0.04)	7.51	(6.61)	13.82	(11.92)	42.63
NRILY	1.19	(0.26)	0.00	(1.03)	0.00	0.00	2.34	(2.14)	7.23
DTST	3.56	0.48	0.09	1.24	4.85	(4.26)	11.58	(4.26)	43.14
CLVT	2.24	(0.29)	0.00	(1.20)	0.00	0.00	5.41	(3.78)	30.83
NABL	1.17	(0.48)	0.00	(4.73)	0.00	0.00	1.56	(3.40)	8.11
DMRC	2.71	0.70	0.21	3.65	2.81	(3.06)	7.34	(4.29)	24.31
IT	0.79	(0.06)	0.00	(0.21)	0.00	0.00	1.37	(2.65)	7.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in FD Technologies 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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