Federal National Correlations

FNMAL Stock  USD 17.30  0.10  0.57%   
The current 90-days correlation between Federal National Mortgage and Federal Home Loan is 0.86 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Federal National Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal National Correlation With Market

Very weak diversification

The correlation between Federal National Mortgage and DJI is 0.49 (i.e., Very weak 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

  1.0FMCCT Federal Home LoanPairCorr
  0.73COOP Mr Cooper GroupPairCorr
  0.99FNMAS Federal National MortgagePairCorr
  0.98FNMAT Federal National MortgagePairCorr
  1.0FNMFN Federal National MortgagePairCorr
  0.99FNMAN Federal National MortgagePairCorr
  1.0FNMAM Federal National MortgagePairCorr
  0.7PBMRF PT Bumi ResourcesPairCorr
  0.75BBAI BigBearai HoldingsPairCorr
  0.63APLD Applied BlockchainPairCorr
  0.95IONQ IONQ IncPairCorr
  0.94BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.77SOUN SoundHound AI Aggressive PushPairCorr
  0.78INMD InModePairCorr
  0.73GOOG Alphabet Class C Aggressive PushPairCorr
  0.89LUNR Intuitive MachinesPairCorr
  0.81AVTE Aerovate TherapeuticsPairCorr
  0.82PYPL PayPal HoldingsPairCorr

Moving against Federal OTC Stock

  0.89RKT Rocket CompaniesPairCorr
  0.74UWMC UWM Holdings CorpPairCorr
  0.69BKRKF PT Bank RakyatPairCorr
  0.65PBCRF PT Bank CentralPairCorr
  0.49IQ iQIYI Inc Aggressive PushPairCorr

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
FMCKP  3.72  0.94  0.52  0.24  0.85 
 9.74 
 76.43 
FMCKK  3.68  0.93  0.62  0.23  1.30 
 5.61 
 77.57 
FMCCO  3.72  0.89  0.35  0.24  1.98 
 9.21 
 71.14 
FMCCM  4.32  0.94  0.35  0.22  2.81 
 7.40 
 93.09 
FMCCH  4.19  0.90  0.38  0.22  2.72 
 7.69 
 90.19 
FNMAM  3.18  0.91  0.74  0.26  0.69 
 8.27 
 62.71 
FMCCL  4.15  0.92  0.35  0.23  2.39 
 9.01 
 82.02 
FNMAJ  3.58  0.93  0.57  0.25  1.93 
 6.18 
 77.94 
FNMAG  3.42  0.94  0.63  0.24  1.33 
 6.47 
 75.71 
FNMAO  3.53  0.95  0.33  0.27  2.72 
 7.27 
 70.39 

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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.