Federal Home Correlations

FMCC Stock

USD 2.52 0.58 18.71%

The current 90-days correlation between Federal Home Loan and Federal National Mortgage is 0.95 (i.e., Almost no diversification). The correlation of Federal Home 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.

Federal Home Correlation With Market

Weak diversification

The correlation between Federal Home Loan and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Home Loan and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Federal OTC Stock

1.0	FNMA	Federal National Mortgage	Pair Corr
0.82	VEL	Velocity Financial Llc	Pair Corr
0.87	SNFCA	Security National Normal Trading	Pair Corr
0.68	COOP	Mr Cooper Group	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.87	L	Loews Corp	Pair Corr
0.89	V	Visa Class A	Pair Corr
0.85	DHIL	Diamond Hill Investment	Pair Corr
0.91	AX	Axos Financial	Pair Corr
0.75	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.91	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.75	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.78	FG	FG Annuities Life	Pair Corr
0.64	GL	Globe Life	Pair Corr
0.9	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr

Moving against Federal OTC Stock

0.84	RKT	Rocket Companies	Pair Corr
0.82	GHI	Greystone Housing Impact	Pair Corr
0.79	PAPL	Pineapple Financial	Pair Corr
0.72	GHLD	Guild Holdings	Pair Corr
0.69	BETR	Better Home Finance	Pair Corr
0.68	UWMC	UWM Holdings Corp	Pair Corr
0.34	CNF	CNFinance Holdings	Pair Corr
0.31	PFSI	PennyMac Finl Svcs	Pair Corr
0.47	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	FNMA	AIG	GRPN	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
FNMA		0.3	-0.58	-0.47	0.0	0.14	0.18	-0.06	0.47	-0.87	FNMA
AIG	0.3		-0.11	-0.4	0.0	-0.19	0.49	-0.32	0.09	-0.19	AIG
GRPN	-0.58	-0.11		0.59	0.0	0.23	-0.4	-0.34	-0.65	0.59	GRPN
444859BR2	-0.47	-0.4	0.59		0.0	0.32	-0.49	-0.08	-0.54	0.42	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.14	-0.19	0.23	0.32	0.0		-0.4	-0.34	-0.33	-0.07	BRRAY
MSTSX	0.18	0.49	-0.4	-0.49	0.0	-0.4		0.34	0.69	-0.11	MSTSX
ABHYX	-0.06	-0.32	-0.34	-0.08	0.0	-0.34	0.34		0.56	-0.14	ABHYX
LBHIX	0.47	0.09	-0.65	-0.54	0.0	-0.33	0.69	0.56		-0.38	LBHIX
SCAXF	-0.87	-0.19	0.59	0.42	0.0	-0.07	-0.11	-0.14	-0.38		SCAXF
	FNMA	AIG	GRPN	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

LBHIX	+ 0.69	MSTSX
444859BR2	+ 0.59	GRPN
SCAXF	+ 0.59	GRPN
LBHIX	+ 0.56	ABHYX
MSTSX	+ 0.49	AIG
LBHIX	+ 0.47	FNMA

High negative correlations

SCAXF	- 0.87	FNMA
LBHIX	- 0.65	GRPN
GRPN	- 0.58	FNMA
LBHIX	- 0.54	444859BR2
MSTSX	- 0.49	444859BR2
444859BR2	- 0.47	FNMA

Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal Home 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 Federal Home'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
FNMA	4.80	0.92	0.22	0.33	4.66	(6.12)	11.74	(8.43)	50.78
AIG	0.96	(0.10)	(0.09)	0.01	1.22	(1.03)	1.77	(1.33)	8.30
GRPN	3.62	(0.56)	0.00	(0.37)	0.00	0.00	7.39	(7.21)	37.96
444859BR2	1.39	(0.03)	0.00	0.24	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.02)	(0.10)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
ABHYX	0.18	0.01	(0.20)	0.35	0.24	(0.24)	0.34	(0.33)	1.91
LBHIX	0.12	0.02	(0.38)	1.57	0.00	(0.28)	0.24	(0.24)	0.96
SCAXF	0.70	(0.41)	0.00	(0.99)	0.00	0.00	0.00	0.00	23.47

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Our tools can tell you how much better you can do entering a position in Federal Home 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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Federal Home Corporate Management

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

Jerry Weiss	Chief Admin. Officer and Executive VP	Profile
Michael DeVito	CEO Director	Profile
Christian Lown	Ex CFO	Profile
Anil MBA	Ex Officer	Profile
Heidi Mason	Exec Counsel	Profile
Dennis Hermonstyne	VP Officer	Profile
Jeffrey Markowitz	Sr Communications	Profile

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