First Hydrogen Correlations

FHYDF Stock

USD 0.40 0.05 11.11%

The current 90-days correlation between First Hydrogen Corp and BAIC Motor is 0.02 (i.e., Significant diversification). The correlation of First Hydrogen 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 Hydrogen Correlation With Market

Good diversification

The correlation between First Hydrogen Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Hydrogen Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Hydrogen 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 Hydrogen 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 Hydrogen - 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 Hydrogen Corp to buy it.

Moving together with First Pink Sheet

0.61	PKX	POSCO Holdings	Pair Corr
0.63	BRK-A	Berkshire Hathaway	Pair Corr
0.63	BRK-B	Berkshire Hathaway	Pair Corr
0.72	GTN	Gray Television	Pair Corr
0.64	ISMAY	Indra Sistemas SA	Pair Corr
0.72	FINV	FinVolution Group	Pair Corr
0.63	RYN	Rayonier	Pair Corr

Moving against First Pink Sheet

0.33	KB	KB Financial Group	Pair Corr
0.32	HYMTF	Hyundai Motor	Pair Corr

Related Correlations Analysis

	BMCLF	ZAPPW	GNZUF	PEV	HYMTF	RACE	STLA	HYZN	AMGDF
BMCLF		-0.04	0.1	0.6	-0.42	0.51	-0.05	-0.77	-0.42	BMCLF
ZAPPW	-0.04		-0.5	0.08	0.04	0.33	0.14	-0.18	-0.08	ZAPPW
GNZUF	0.1	-0.5		0.0	-0.14	-0.03	0.08	0.07	0.19	GNZUF
PEV	0.6	0.08	0.0		-0.52	0.11	-0.34	-0.72	-0.61	PEV
HYMTF	-0.42	0.04	-0.14	-0.52		0.19	0.51	0.54	0.58	HYMTF
RACE	0.51	0.33	-0.03	0.11	0.19		0.54	-0.48	0.21	RACE
STLA	-0.05	0.14	0.08	-0.34	0.51	0.54		0.28	0.66	STLA
HYZN	-0.77	-0.18	0.07	-0.72	0.54	-0.48	0.28		0.57	HYZN
AMGDF	-0.42	-0.08	0.19	-0.61	0.58	0.21	0.66	0.57		AMGDF
	BMCLF	ZAPPW	GNZUF	PEV	HYMTF	RACE	STLA	HYZN	AMGDF

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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

AMGDF	+ 0.66	STLA
PEV	+ 0.6	BMCLF
AMGDF	+ 0.58	HYMTF
AMGDF	+ 0.57	HYZN
HYZN	+ 0.54	HYMTF
STLA	+ 0.54	RACE

High negative correlations

HYZN	- 0.77	BMCLF
HYZN	- 0.72	PEV
AMGDF	- 0.61	PEV
HYMTF	- 0.52	PEV
GNZUF	- 0.5	ZAPPW
HYZN	- 0.48	RACE

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Hydrogen 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 First Hydrogen'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
BMCLF	1.00	0.20	0.00	(1.16)	0.00	0.00	3.57	(3.23)	13.94
ZAPPW	5.79	0.46	0.05	0.12	5.98	(9.41)	13.13	(10.71)	48.21
GNZUF	2.92	0.03	0.00	(0.04)	0.00	0.00	8.33	(7.69)	24.04
PEV	7.50	1.70	0.20	(3.03)	6.45	(12.50)	17.31	(11.76)	120.00
HYMTF	1.97	(0.06)	0.00	0.28	0.00	0.00	4.56	(5.09)	14.42
RACE	1.43	0.01	0.00	(0.06)	0.00	0.00	2.73	(3.28)	11.93
STLA	1.93	(0.12)	0.00	(0.17)	0.00	0.00	3.84	(4.38)	13.21
HYZN	4.46	(1.19)	0.00	(0.78)	0.00	0.00	9.58	(10.53)	44.94
AMGDF	3.51	(0.25)	0.00	(0.90)	0.00	0.00	7.20	(9.01)	30.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Hydrogen 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 Hydrogen Corporate Management

Manuel Tolosa	Head Limited	Profile
Stephen Pendrey	Chief Program	Profile
Carlos DAmicis	Chief Limited	Profile
Allan Rushforth	Chief Limited	Profile
CPA CGA	Chief Officer	Profile
Steve Gill	Chief Division	Profile
Afke Schipstra	Chief Limited	Profile

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