Federal National Correlations

FNMFM Stock

USD 17.90 3.24 22.10%

The current 90-days correlation between Federal National Mortgage and Federal Home Loan is 0.13 (i.e., Average 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

Average diversification

The correlation between Federal National Mortgage and DJI is 0.19 (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 Pink Sheet

0.75	FMCCT	Federal Home Loan	Pair Corr
0.81	FNMAS	Federal National Mortgage	Pair Corr
0.79	FNMAT	Federal National Mortgage	Pair Corr
0.72	FNMFN	Federal National Mortgage	Pair Corr
0.7	FNMAN	Federal National Mortgage	Pair Corr
0.77	FNMAM	Federal National Mortgage	Pair Corr
0.75	AXP	American Express	Pair Corr
0.66	MSFT	Microsoft Aggressive Push	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.63	BA	Boeing	Pair Corr

Moving against Federal Pink Sheet

0.62	RKT	Rocket Companies	Pair Corr
0.57	BRK-A	Berkshire Hathaway	Pair Corr
0.4	WM	Waste Management	Pair Corr
0.67	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.52	T	ATT Inc Aggressive Push	Pair Corr
0.52	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	FMCKP	FMCCO	FMCKK	FMCCL	FNMFO	FMCCI	FMCCM	FMCCH
FMCKP		0.87	0.87	0.82	0.69	0.83	0.79	0.85	FMCKP
FMCCO	0.87		0.93	0.85	0.65	0.86	0.76	0.89	FMCCO
FMCKK	0.87	0.93		0.84	0.69	0.87	0.8	0.9	FMCKK
FMCCL	0.82	0.85	0.84		0.67	0.9	0.74	0.88	FMCCL
FNMFO	0.69	0.65	0.69	0.67		0.72	0.84	0.74	FNMFO
FMCCI	0.83	0.86	0.87	0.9	0.72		0.8	0.92	FMCCI
FMCCM	0.79	0.76	0.8	0.74	0.84	0.8		0.8	FMCCM
FMCCH	0.85	0.89	0.9	0.88	0.74	0.92	0.8		FMCCH
	FMCKP	FMCCO	FMCKK	FMCCL	FNMFO	FMCCI	FMCCM	FMCCH

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Risk-Adjusted Indicators

There is a big difference between Federal Pink Sheet performing well and Federal National 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 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
FMCKP	1.51	0.02	0.01	0.07	1.79	(3.20)	5.09	(4.44)	11.55
FMCCO	1.60	0.08	0.02	0.13	2.32	(3.04)	5.74	(6.15)	17.03
FMCKK	1.78	0.17	0.05	0.25	2.51	(2.38)	5.28	(4.15)	17.49
FMCCL	2.30	0.19	0.06	0.27	2.66	(3.43)	6.57	(5.58)	17.11
FNMFO	1.29	0.28	0.00	0.25	0.00	0.00	5.56	(1.99)	26.90
FMCCI	1.61	0.12	0.05	0.18	1.92	(2.02)	4.12	(5.00)	12.82
FMCCM	2.49	0.23	0.07	1.08	2.53	(4.31)	13.17	(6.07)	25.61
FMCCH	2.02	0.21	0.07	0.79	2.23	(2.42)	5.57	(4.11)	13.38

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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