Farmers Correlations

FMFG Stock

USD 18.00 3.15 21.21%

The current 90-days correlation between Farmers and Merchants and National Capital Bank is -0.11 (i.e., Good diversification). The correlation of Farmers 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.

Farmers Correlation With Market

Significant diversification

The correlation between Farmers and Merchants and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmers and Merchants and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Farmers Pink Sheet

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0.62	BSIG	Brightsphere Investment	Pair Corr
0.58	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.51	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.44	ZWS	Zurn Elkay Water	Pair Corr
0.42	VATE	Innovate Corp	Pair Corr
0.42	ESGLW	ESGL Holdings Limited	Pair Corr
0.42	RCMT	RCM Technologies	Pair Corr
0.54	CRAI	CRA International	Pair Corr
0.5	TRT	Trio Tech International	Pair Corr
0.5	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.46	MAR	Marriott International	Pair Corr

Related Correlations Analysis

	NACB	CIWV	BOID	CMHF	CCFC	BKUT	FMFP	BEOB	FCCT	DWNX
NACB		-0.44	-0.35	-0.34	0.21	-0.38	0.3	-0.17	0.01	-0.17	NACB
CIWV	-0.44		0.81	0.63	-0.53	0.71	-0.85	0.7	0.0	0.13	CIWV
BOID	-0.35	0.81		0.53	-0.47	0.61	-0.91	0.53	0.0	0.22	BOID
CMHF	-0.34	0.63	0.53		-0.75	0.95	-0.55	0.67	-0.02	-0.11	CMHF
CCFC	0.21	-0.53	-0.47	-0.75		-0.68	0.48	-0.52	0.18	0.0	CCFC
BKUT	-0.38	0.71	0.61	0.95	-0.68		-0.64	0.7	0.06	-0.08	BKUT
FMFP	0.3	-0.85	-0.91	-0.55	0.48	-0.64		-0.59	0.04	-0.21	FMFP
BEOB	-0.17	0.7	0.53	0.67	-0.52	0.7	-0.59		-0.04	0.0	BEOB
FCCT	0.01	0.0	0.0	-0.02	0.18	0.06	0.04	-0.04		-0.06	FCCT
DWNX	-0.17	0.13	0.22	-0.11	0.0	-0.08	-0.21	0.0	-0.06		DWNX
	NACB	CIWV	BOID	CMHF	CCFC	BKUT	FMFP	BEOB	FCCT	DWNX

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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

BKUT	+ 0.95	CMHF
BOID	+ 0.81	CIWV
BKUT	+ 0.71	CIWV
BEOB	+ 0.7	CIWV
BEOB	+ 0.7	BKUT
BEOB	+ 0.67	CMHF

High negative correlations

FMFP	- 0.91	BOID
FMFP	- 0.85	CIWV
CCFC	- 0.75	CMHF
BKUT	- 0.68	CCFC
FMFP	- 0.64	BKUT
BEOB	- 0.59	FMFP

Risk-Adjusted Indicators

There is a big difference between Farmers Pink Sheet performing well and Farmers 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 Farmers' 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
NACB	74.49	31.18	0.59	(1.92)	31.91	(135.18)	304.83	(75.37)	381.77
CIWV	1.15	0.28	0.05	1.08	1.31	(4.09)	4.22	(2.15)	18.86
BOID	0.32	0.10	0.00	1.37	0.00	0.00	1.52	0.00	6.38
CMHF	0.49	0.19	0.14	1.53	0.00	(1.14)	2.28	(0.29)	4.55
CCFC	0.71	(0.22)	0.00	4.26	0.00	0.00	1.80	(2.38)	14.20
BKUT	0.73	0.30	0.00	0.90	0.00	0.00	2.74	0.00	13.93
FMFP	0.96	(0.27)	0.00	0.31	0.00	0.00	0.82	(3.76)	14.87
BEOB	0.94	0.03	0.00	(0.62)	1.27	(1.39)	1.70	(2.62)	5.47
FCCT	0.32	(0.03)	0.00	1.41	0.00	0.00	1.01	(1.08)	6.52
DWNX	0.05	(0.01)	0.00	1.11	0.00	0.00	0.15	0.00	1.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Farmers 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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