First Energy Correlations

OTC Stocks . USA . 
Stock . First Energy Metals
FEMFF Stock  USD 0.02  0  17.34%   
The current 90-days correlation between First Energy Metals and Clarity Gold Corp is 0.16 (i.e., Average diversification). The correlation of First Energy 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.

First Energy Correlation With Market

Significant diversification

The correlation between First Energy Metals and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Energy Metals and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to First Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Energy 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 First Energy - 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 First Energy Metals to buy it.

Moving together with First OTC Stock

  0.65GLCNF Glencore PLCPairCorr
  0.66GLNCY Glencore PLC ADRPairCorr
  0.68CNCK Coincheck Group NVPairCorr
  0.61AA Alcoa CorpPairCorr
  0.72HPQ HP IncPairCorr
  0.66AXP American ExpressPairCorr
  0.64DIS Walt DisneyPairCorr
  0.63MSFT MicrosoftPairCorr

Moving against First OTC Stock

  0.71JNJ Johnson JohnsonPairCorr
  0.7TRV The Travelers CompaniesPairCorr
  0.64RIO Rio Tinto ADRPairCorr
  0.58WM Waste ManagementPairCorr
  0.53MCD McDonaldsPairCorr
  0.48MMM 3M CompanyPairCorr
  0.46HROWM Harrow Health, 11875PairCorr
  0.46XOM Exxon Mobil CorpPairCorr
  0.36RTPPF Rio Tinto GroupPairCorr
  0.35INTC IntelPairCorr

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   
FUUFF
+ 0.16
HCNWF
CLGCF
+ 0.15
TRCTF
CLGCF
+ 0.12
MCFNF
  
High negative correlations   
CLGCF
- 0.45
FUUFF
HCNWF
- 0.41
MCFNF
FUUFF
- 0.38
MCFNF
FUUFF
- 0.28
TRCTF
TRCTF
- 0.1
MCFNF
CLGCF
- 0.01
HCNWF

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First Energy OTC Stock 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 First Energy'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 First Energy 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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First Energy Corporate Management

Elected by the shareholders, the First Energy's board of directors comprises two types of representatives: First Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Energy's management team and ensure that shareholders' interests are well served. First Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
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