Flow Traders Correlations
| FLTLF Stock | 24.74 1.14 4.83% |
The correlation of Flow Traders 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.
Flow Traders Correlation With Market
Significant diversification
The correlation between Flow Traders and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flow Traders and DJI in the same portfolio, assuming nothing else is changed.
Flow |
The ability to find closely correlated positions to Flow Traders could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flow Traders 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 Flow Traders - 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 Flow Traders to buy it.
Moving against Flow Pink Sheet
| 0.61 | HD | Home Depot | PairCorr |
| 0.6 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
| 0.5 | AA | Alcoa Corp | PairCorr |
| 0.42 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.39 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.38 | DIS | Walt Disney | PairCorr |
| 0.32 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.31 | BAC | Bank of America Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DLTTF | ||
| 0.0 | 0.33 | -0.7 | -0.27 | 0.52 | SHAK | ||
| 0.0 | 0.33 | 0.14 | 0.3 | -0.14 | DH | ||
| 0.0 | -0.7 | 0.14 | 0.59 | -0.68 | UBER | ||
| 0.0 | -0.27 | 0.3 | 0.59 | -0.59 | PINS | ||
| 0.0 | 0.52 | -0.14 | -0.68 | -0.59 | BALY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Flow Pink Sheet performing well and Flow Traders 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 Flow Traders' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHAK | 1.67 | 0.12 | 0.05 | 0.42 | 1.82 | 3.67 | 13.11 | |||
| DH | 1.84 | (0.16) | 0.00 | (1.72) | 0.00 | 3.86 | 12.70 | |||
| UBER | 1.63 | (0.33) | 0.00 | (26.89) | 0.00 | 2.67 | 12.29 | |||
| PINS | 1.85 | (0.13) | 0.00 | 1.29 | 0.00 | 3.18 | 17.18 | |||
| BALY | 0.24 | 0.04 | 0.08 | 1.46 | 0.04 | 0.57 | 2.08 |
Flow Traders Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Flow Traders pink sheet to make a market-neutral strategy. Peer analysis of Flow Traders could also be used in its relative valuation, which is a method of valuing Flow Traders by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |