North American Correlations

FNCSF Stock

USD 4.40 0.20 4.76%

The current 90-days correlation between North American Financial and Financial 15 Split is 0.14 (i.e., Average diversification). The correlation of North American 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.

North American Correlation With Market

Modest diversification

The correlation between North American Financial and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North American Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with North Pink Sheet

0.74	BX	Blackstone Group	Pair Corr
0.68	BLK	BlackRock	Pair Corr
0.77	APO	Apollo Global Management	Pair Corr
0.73	BAM	Brookfield Asset Man Normal Trading	Pair Corr
0.76	AMP	Ameriprise Financial	Pair Corr
0.71	ARES	Ares Management LP Normal Trading	Pair Corr
0.62	ASTI	Ascent Solar Technol	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.85	HPQ	HP Inc	Pair Corr

Moving against North Pink Sheet

0.65	BRK-A	Berkshire Hathaway	Pair Corr
0.62	GTN	Gray Television	Pair Corr
0.58	IVSBF	Investor AB ser	Pair Corr
0.54	HROWM	Harrow Health, 11875	Pair Corr
0.52	IVSXF	Investor AB	Pair Corr
0.46	GLU	Gabelli Global Utility	Pair Corr
0.45	AMBR	Amber Road, Symbol Change	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.59	JNJ	Johnson Johnson	Pair Corr
0.54	CVX	Chevron Corp	Pair Corr
0.5	KO	Coca Cola Sell-off Trend	Pair Corr
0.5	T	ATT Inc Aggressive Push	Pair Corr
0.47	WM	Waste Management	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.39	MCD	McDonalds	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	FNNCF	GLQ	IIF	SEIC	DVDDF	DDWWF	STT-PG	LGGNY	ECC
FNNCF		0.6	0.44	0.77	-0.27	0.0	0.01	-0.61	0.47	FNNCF
GLQ	0.6		0.11	0.79	0.06	0.0	0.43	-0.27	0.45	GLQ
IIF	0.44	0.11		0.58	-0.64	0.0	-0.36	-0.75	0.04	IIF
SEIC	0.77	0.79	0.58		-0.29	0.0	0.13	-0.59	0.45	SEIC
DVDDF	-0.27	0.06	-0.64	-0.29		0.0	0.32	0.69	0.06	DVDDF
DDWWF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DDWWF
STT-PG	0.01	0.43	-0.36	0.13	0.32	0.0		0.38	0.1	STT-PG
LGGNY	-0.61	-0.27	-0.75	-0.59	0.69	0.0	0.38		-0.4	LGGNY
ECC	0.47	0.45	0.04	0.45	0.06	0.0	0.1	-0.4		ECC
	FNNCF	GLQ	IIF	SEIC	DVDDF	DDWWF	STT-PG	LGGNY	ECC

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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

SEIC	+ 0.79	GLQ
SEIC	+ 0.77	FNNCF
LGGNY	+ 0.69	DVDDF
GLQ	+ 0.6	FNNCF
SEIC	+ 0.58	IIF
ECC	+ 0.47	FNNCF

High negative correlations

LGGNY	- 0.75	IIF
DVDDF	- 0.64	IIF
LGGNY	- 0.61	FNNCF
LGGNY	- 0.59	SEIC
ECC	- 0.4	LGGNY
STT-PG	- 0.36	IIF

Risk-Adjusted Indicators

There is a big difference between North Pink Sheet performing well and North American 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 North American'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
FNNCF	1.41	(0.09)	0.00	(0.32)	0.00	0.00	3.83	(4.93)	18.47
GLQ	0.73	(0.04)	0.00	(0.05)	0.00	0.00	1.25	(1.59)	5.29
IIF	0.77	(0.09)	0.00	(0.26)	0.00	0.00	1.28	(1.68)	4.51
SEIC	1.02	(0.12)	0.00	(0.11)	0.00	0.00	2.10	(2.42)	7.20
DVDDF	0.71	0.17	0.06	1.09	0.77	(4.89)	0.81	(0.74)	24.66
DDWWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STT-PG	0.55	(0.03)	0.00	(0.15)	0.00	0.00	1.55	(1.09)	3.87
LGGNY	1.01	0.14	0.08	0.23	1.32	(1.04)	2.22	(2.44)	6.38
ECC	0.70	(0.07)	0.00	(0.45)	0.00	0.00	2.01	(1.49)	6.76

Be your own money manager

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