Flowtech Fluidpower Correlations

FLO Stock

85.80 1.30 1.54%

The current 90-days correlation between Flowtech Fluidpower plc and Primary Health Properties is 0.06 (i.e., Significant diversification). The correlation of Flowtech Fluidpower 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.

Flowtech Fluidpower Correlation With Market

Average diversification

The correlation between Flowtech Fluidpower plc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flowtech Fluidpower plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Flowtech Stock

0.93	SYME	SupplyMe Capital PLC	Pair Corr
0.93	GVMH	Grand Vision Media	Pair Corr
0.61	0KDU	Overstock	Pair Corr
0.8	IIG	Intuitive Investments	Pair Corr

Moving against Flowtech Stock

0.51

DEC

Diversified Energy

Pair Corr

Related Correlations Analysis

	PHP	0HTG	0Q1S	0LJL	0KJD	BVC	ORNT
PHP		-0.69	0.69	0.67	-0.57	0.44	-0.07	PHP
0HTG	-0.69		-0.35	-0.66	0.88	-0.33	-0.09	0HTG
0Q1S	0.69	-0.35		0.34	-0.1	0.43	-0.13	0Q1S
0LJL	0.67	-0.66	0.34		-0.64	0.57	-0.13	0LJL
0KJD	-0.57	0.88	-0.1	-0.64		-0.22	-0.06	0KJD
BVC	0.44	-0.33	0.43	0.57	-0.22		-0.09	BVC
ORNT	-0.07	-0.09	-0.13	-0.13	-0.06	-0.09		ORNT
	PHP	0HTG	0Q1S	0LJL	0KJD	BVC	ORNT

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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

0KJD	+ 0.88	0HTG
0Q1S	+ 0.69	PHP
0LJL	+ 0.67	PHP
BVC	+ 0.57	0LJL
BVC	+ 0.44	PHP
BVC	+ 0.43	0Q1S

High negative correlations

0HTG	- 0.69	PHP
0LJL	- 0.66	0HTG
0KJD	- 0.64	0LJL
0KJD	- 0.57	PHP
0Q1S	- 0.35	0HTG
BVC	- 0.33	0HTG

Risk-Adjusted Indicators

There is a big difference between Flowtech Stock performing well and Flowtech Fluidpower 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 Flowtech Fluidpower'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
PHP	0.76	0.04	(0.10)	(0.13)	0.89	(0.87)	1.76	(1.56)	5.72
0HTG	0.97	0.11	0.03	0.34	1.08	(0.88)	2.17	(2.04)	10.25
0Q1S	0.95	0.12	0.00	7.94	1.41	(1.11)	2.06	(1.75)	7.89
0LJL	1.30	(0.26)	0.00	(0.46)	0.00	0.00	2.05	(3.65)	15.49
0KJD	1.52	0.26	0.15	0.42	1.27	(1.72)	2.64	(2.58)	14.33
BVC	2.37	(0.14)	0.00	(0.59)	0.00	0.00	6.42	(6.54)	17.59
ORNT	0.38	(0.03)	0.00	0.04	0.00	0.00	0.00	0.00	23.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flowtech Fluidpower 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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Flowtech Fluidpower Corporate Management

Elected by the shareholders, the Flowtech Fluidpower's board of directors comprises two types of representatives: Flowtech Fluidpower inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flowtech. The board's role is to monitor Flowtech Fluidpower's management team and ensure that shareholders' interests are well served. Flowtech Fluidpower'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, Flowtech Fluidpower's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mark Nelson	Managing Hydraulics	Profile
Anne Fogg	Head Process	Profile
Eddie Newham	Managing Hydravalve	Profile
Tamara Reiners	Managing Benelux	Profile
Jon Burke	Managing Systems	Profile

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