Federal National Correlations

FNMAS Stock

USD 11.55 0.15 1.28%

The current 90-days correlation between Federal National Mortgage and Federal Home Loan is 0.25 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Federal National Correlation With Market

Good diversification

The correlation between Federal National Mortgage and DJI is -0.08 (i.e., Good 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

0.9	FMCCT	Federal Home Loan	Pair Corr
0.96	FNMAT	Federal National Mortgage	Pair Corr
0.89	FNMFN	Federal National Mortgage	Pair Corr
0.84	FNMAN	Federal National Mortgage	Pair Corr
0.87	FNMAM	Federal National Mortgage	Pair Corr
0.77	SSNLF	Samsung Electronics	Pair Corr
0.62	BA	Boeing	Pair Corr

Moving against Federal OTC Stock

0.76	WD	Walker Dunlop Normal Trading	Pair Corr
0.62	PPERF	Bank Mandiri Persero	Pair Corr
0.6	PPERY	Bank Mandiri Persero	Pair Corr
0.59	PBCRF	PT Bank Central	Pair Corr
0.57	PTAIY	Astra International Tbk	Pair Corr
0.56	PBCRY	Bank Central Asia	Pair Corr
0.56	BKRKY	Bank Rakyat	Pair Corr
0.51	RKT	Rocket Companies Buyout Trend	Pair Corr
0.44	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.41	TLK	Telkom Indonesia Tbk Downward Rally	Pair Corr
0.38	U4R90AAB4	HLF 4875 01	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.49	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.47	XOM	Exxon Mobil Corp	Pair Corr
0.34	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	FMCKO	FMCKI	FNMAP	FNMAJ	FNMAG	FNMAM	FNMFN	FNMAO	FNMAL
FMCKO		0.92	0.88	0.95	0.86	0.91	0.95	0.87	0.89	FMCKO
FMCKI	0.92		0.88	0.93	0.88	0.92	0.93	0.9	0.86	FMCKI
FNMAP	0.88	0.88		0.93	0.86	0.87	0.87	0.97	0.91	FNMAP
FNMAJ	0.95	0.93	0.93		0.92	0.95	0.96	0.94	0.94	FNMAJ
FNMAG	0.86	0.88	0.86	0.92		0.94	0.91	0.89	0.86	FNMAG
FNMAM	0.91	0.92	0.87	0.95	0.94		0.94	0.9	0.91	FNMAM
FNMFN	0.95	0.93	0.87	0.96	0.91	0.94		0.89	0.9	FNMFN
FNMAO	0.87	0.9	0.97	0.94	0.89	0.9	0.89		0.92	FNMAO
FNMAL	0.89	0.86	0.91	0.94	0.86	0.91	0.9	0.92		FNMAL
	FMCKO	FMCKI	FNMAP	FNMAJ	FNMAG	FNMAM	FNMFN	FNMAO	FNMAL

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FMCKO	1.63	0.25	0.11	1.97	1.72	(2.39)	4.15	(3.49)	17.48
FMCKI	2.07	0.31	0.12	0.47	2.19	(2.93)	6.89	(3.68)	16.85
FNMAP	2.14	0.20	0.07	0.36	2.50	(2.55)	5.76	(5.03)	14.60
FNMAJ	1.58	0.25	0.13	2.96	1.81	(1.88)	3.80	(2.19)	13.98
FNMAG	2.05	0.28	0.08	5.65	2.77	(2.71)	7.33	(3.80)	22.50
FNMAM	1.47	0.32	0.17	2.71	1.47	(2.12)	4.48	(2.37)	13.53
FNMFN	1.38	0.30	0.16	3.79	1.53	(1.76)	3.82	(2.51)	11.32
FNMAO	1.94	0.19	0.09	(6.43)	2.03	(2.56)	5.88	(4.17)	14.40
FNMAL	1.58	0.30	0.14	(1.07)	1.35	(3.05)	4.12	(3.05)	16.20

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 Richards	VP Officer	Profile
Nancy Jardini	VP Officer	Profile
Pete Bakel	Investor Relations	Profile
Ryan CFA	Ex Officer	Profile
Stergios Theologides	Gen VP	Profile

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