Federal National Correlations

OTC Stocks USA . 
Stock . Federal National Mortgage
FNMAI Stock  USD 10.52  0.04  0.38%   
The current 90-days correlation between Federal National Mortgage and Federal National Mortgage is 0.07 (i.e., Significant diversification). The correlation of Federal National 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 National Correlation With Market

Average diversification

The correlation between Federal National Mortgage and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal National Mortgage and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Federal National 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 National 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 National - 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 National Mortgage to buy it.

Moving together with Federal OTC Stock

  0.96FMCCT Federal Home LoanPairCorr
  1.0FNMAS Federal National MortgagePairCorr
  0.98FNMAT Federal National MortgagePairCorr
  0.96FNMFN Federal National MortgagePairCorr
  0.96FNMAN Federal National MortgagePairCorr
  0.97FNMAM Federal National MortgagePairCorr
  0.6217298CHT8 US17298CHT80PairCorr
  0.81OPFI OppFi IncPairCorr
  0.85EXEEW Expand Energy Symbol ChangePairCorr
  0.88CSCO Cisco Systems Aggressive PushPairCorr
  0.81DIS Walt DisneyPairCorr
  0.83WMT WalmartPairCorr
  0.83JPM JPMorgan ChasePairCorr

Moving against Federal OTC Stock

  0.9PPERY Bank Mandiri PerseroPairCorr
  0.89RKT Rocket CompaniesPairCorr
  0.88PPERF Bank Mandiri PerseroPairCorr
  0.85PBCRY Bank Central Asia Earnings Call This WeekPairCorr
  0.83TLK Telkom Indonesia TbkPairCorr
  0.79PBCRF PT Bank Central Earnings Call This WeekPairCorr
  0.77UWMC UWM Holdings CorpPairCorr
  0.72BKRKF PT Bank RakyatPairCorr
  0.71WD Walker Dunlop Normal TradingPairCorr
  0.71PTAIY Astra International TbkPairCorr
  0.59PTAIF PT Astra InternationalPairCorr
  0.56TLKMF Telkom Indonesia TbkPairCorr
  0.91JNJ Johnson Johnson Earnings Call This WeekPairCorr
  0.76PFE Pfizer Inc Earnings Call Next WeekPairCorr
  0.69DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.61XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.6HPQ HP IncPairCorr
  0.59MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.51VZ Verizon Communications Earnings Call TomorrowPairCorr
  0.5GE GE Aerospace Earnings Call TomorrowPairCorr
  0.36CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Federal OTC Stock performing well and Federal National 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 National'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FNMAJ  3.31  1.80  0.84  3.14  1.11 
(4.40)
 6.17 
(3.17)
 77.94 
FNMAG  3.25  1.86  1.03  34.05  0.00 
(4.59)
 6.94 
(2.31)
 77.06 
FNMAO  3.50  1.72  0.50  5.06  1.87 
(4.81)
 7.43 
(4.30)
 70.39 
FNMAL  3.76  1.90  0.59  2.59  1.75 
(5.99)
 9.00 
(3.45)
 64.16 
FMCCM  4.59  2.04  0.41  2.80  2.80 
(6.78)
 7.40 
(7.11)
 93.09 
FMCCS  3.36  1.67  0.54  21.63  1.62 
(4.30)
 6.56 
(4.00)
 72.34 
FNMAM  3.15  1.70  0.94  3.71  0.52 
(4.44)
 6.27 
(2.86)
 62.71 
FMCKP  3.74  1.80  0.65  10.71  0.94 
(6.60)
 9.74 
(3.22)
 76.43 
FMCKK  3.14  1.80  0.83  9.69  0.50 
(4.61)
 5.21 
(2.28)
 78.34 

Be your own money manager

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

Elected by the shareholders, the Federal National's board of directors comprises two types of representatives: Federal National 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 National's management team and ensure that shareholders' interests are well served. Federal National'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 National's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ramon RichardsVP OfficerProfile
Nancy JardiniVP OfficerProfile
Pete BakelInvestor RelationsProfile
Ryan CFAEx OfficerProfile
Stergios TheologidesGen VPProfile
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