Fomo Corp Correlations
| FOMCDelisted Stock | USD 0.0003 0.00 0.00% |
The current 90-days correlation between Fomo Corp and Limitless Venture is 0.06 (i.e., Significant diversification). The correlation of Fomo Corp 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.
Fomo Corp Correlation With Market
Average diversification
The correlation between Fomo Corp 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 Fomo Corp and DJI in the same portfolio, assuming nothing else is changed.
Fomo |
The ability to find closely correlated positions to Fomo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fomo Corp 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 Fomo Corp - 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 Fomo Corp to buy it.
Moving together with Fomo Pink Sheet
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.62 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Fomo Pink Sheet
| 0.67 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | ARES | Ares Management LP | PairCorr |
| 0.64 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.63 | APO | Apollo Global Management | PairCorr |
| 0.63 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.6 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.58 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.57 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.56 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.54 | KNTK | Kinetik Holdings | PairCorr |
| 0.44 | GOOD | Gladstone Commercial | PairCorr |
| 0.37 | SLMNP | A Schulman | PairCorr |
| 0.33 | MMSI | Merit Medical Systems | PairCorr |
| 0.66 | CSCO | Cisco Systems | PairCorr |
| 0.64 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.58 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.57 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.57 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.56 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.52 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.52 | DIS | Walt Disney | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.47 | HPQ | HP Inc | PairCorr |
| 0.42 | CAT | Caterpillar Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fomo Pink Sheet performing well and Fomo Corp 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 Fomo Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FOCS | 0.09 | (0.01) | (0.87) | (3.56) | 0.07 | 0.21 | 0.56 | |||
| BCAT | 0.44 | 0.01 | (0.09) | 0.11 | 0.48 | 0.95 | 2.78 | |||
| GCMG | 1.11 | 0.17 | 0.11 | 0.40 | 0.93 | 3.10 | 7.53 | |||
| CMU | 0.39 | 0.00 | (0.15) | 0.07 | 0.49 | 1.11 | 2.54 | |||
| FTHY | 0.40 | 0.01 | (0.14) | 0.13 | 0.39 | 0.82 | 2.61 | |||
| SMCE | 6.78 | (0.49) | 0.00 | (0.28) | 0.00 | 15.38 | 48.25 | |||
| GCAAF | 0.44 | (0.02) | 0.00 | (0.53) | 0.00 | 1.70 | 7.76 | |||
| PIAC | 2.64 | (0.19) | 0.00 | (2.10) | 0.00 | 7.69 | 63.51 | |||
| SFIO | 14.16 | 3.04 | 0.15 | (0.62) | 14.03 | 34.78 | 94.06 | |||
| KEGS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
View Fomo Corp Related Equities
| Risk & Return | Correlation |
Still Interested in Fomo Corp?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.