First Tractor Correlations

FIRRF Stock

USD 0.81 0.00 0.00%

The current 90-days correlation between First Tractor and Ag Growth International is -0.16 (i.e., Good diversification). The correlation of First Tractor 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 Tractor Correlation With Market

Good diversification

The correlation between First Tractor and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tractor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with First Pink Sheet

0.86	VWAPY	Volkswagen AG Pref	Pair Corr
0.84	VLKAF	Volkswagen AG	Pair Corr
0.84	VWAGY	Volkswagen AG 110	Pair Corr
0.84	VLKPF	Volkswagen AG VZO Downward Rally	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.63	KO	Coca Cola	Pair Corr

Moving against First Pink Sheet

0.85	AMZN	Amazon Inc	Pair Corr
0.73	GOOG	Alphabet Class C	Pair Corr
0.58	NVDA	NVIDIA	Pair Corr
0.52	ACN	Accenture plc	Pair Corr
0.5	HNHPF	Hon Hai Precision	Pair Corr
0.43	MSFT	Microsoft	Pair Corr
0.41	DIS	Walt Disney	Pair Corr
0.38	WMT	Walmart	Pair Corr
0.32	META	Meta Platforms	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.56	BA	Boeing	Pair Corr
0.47	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AGGZF	AMMX	ARTW	HIPH	AUSTF	GRSO	BIIAF	WWTIF
AGGZF		0.45	0.02	0.24	0.43	0.0	0.0	-0.17	AGGZF
AMMX	0.45		0.1	0.2	0.48	0.0	0.0	0.07	AMMX
ARTW	0.02	0.1		0.33	0.3	0.0	0.0	-0.05	ARTW
HIPH	0.24	0.2	0.33		0.36	0.0	0.0	0.56	HIPH
AUSTF	0.43	0.48	0.3	0.36		0.0	0.0	0.25	AUSTF
GRSO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GRSO
BIIAF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BIIAF
WWTIF	-0.17	0.07	-0.05	0.56	0.25	0.0	0.0		WWTIF
	AGGZF	AMMX	ARTW	HIPH	AUSTF	GRSO	BIIAF	WWTIF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WWTIF	+ 0.56	HIPH
AUSTF	+ 0.48	AMMX
AMMX	+ 0.45	AGGZF
AUSTF	+ 0.43	AGGZF
AUSTF	+ 0.36	HIPH
HIPH	+ 0.33	ARTW

High negative correlations

WWTIF	- 0.17	AGGZF
WWTIF	- 0.05	ARTW
WWTIF	- 0.0	BIIAF
WWTIF	- 0.0	GRSO
BIIAF	- 0.0	GRSO
BIIAF	- 0.0	AUSTF

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Tractor 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 Tractor'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
AGGZF	1.95	(0.63)	0.00	2.24	0.00	0.00	3.24	(6.80)	16.59
AMMX	2.08	(0.13)	0.00	0.18	0.00	0.00	5.56	(9.09)	25.76
ARTW	4.71	0.67	0.08	2.78	7.10	(6.28)	5.85	(7.53)	87.26
HIPH	36.42	18.73	0.00	0.58	0.00	0.00	0.00	0.00	1,100
AUSTF	1.75	(0.50)	0.00	(0.65)	0.00	0.00	0.00	0.00	50.08
GRSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIIAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WWTIF	31.77	13.40	0.00	5.19	0.00	0.00	0.00	0.00	1,099

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Tractor 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.

Did you try this?

Run Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

First Tractor Corporate Management

Kejun Wang	Deputy Mang	Profile
Liwen Yi	Head Department	Profile
Wensheng Su	Deputy General Manager	Profile
Lina Yu	Investor Relationship Manager and Secretary to the Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC