FP Newspapers Correlations

FPNUF Stock

USD 0.38 0.23 37.70%

The current 90-days correlation between FP Newspapers and United Fire Group is 0.02 (i.e., Significant diversification). The correlation of FP Newspapers 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.

FP Newspapers Correlation With Market

Significant diversification

The correlation between FP Newspapers and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FP Newspapers and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FP Newspapers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FP Newspapers 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 FP Newspapers - 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 FP Newspapers to buy it.

Moving against FPNUF Pink Sheet

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Related Correlations Analysis

	UFCS	DEO	AIZ	WVVI	CINF	PLMR	EIG
UFCS		-0.72	0.96	-0.77	0.93	0.93	0.9	UFCS
DEO	-0.72		-0.76	0.66	-0.84	-0.6	-0.84	DEO
AIZ	0.96	-0.76		-0.76	0.95	0.93	0.92	AIZ
WVVI	-0.77	0.66	-0.76		-0.79	-0.68	-0.75	WVVI
CINF	0.93	-0.84	0.95	-0.79		0.83	0.94	CINF
PLMR	0.93	-0.6	0.93	-0.68	0.83		0.84	PLMR
EIG	0.9	-0.84	0.92	-0.75	0.94	0.84		EIG
	UFCS	DEO	AIZ	WVVI	CINF	PLMR	EIG

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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

AIZ	+ 0.96	UFCS
CINF	+ 0.95	AIZ
EIG	+ 0.94	CINF
CINF	+ 0.93	UFCS
PLMR	+ 0.93	UFCS
PLMR	+ 0.93	AIZ

High negative correlations

EIG	- 0.84	DEO
CINF	- 0.84	DEO
CINF	- 0.79	WVVI
WVVI	- 0.77	UFCS
WVVI	- 0.76	AIZ
AIZ	- 0.76	DEO

Risk-Adjusted Indicators

There is a big difference between FPNUF Pink Sheet performing well and FP Newspapers 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 FP Newspapers' 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
UFCS	1.82	0.40	0.37	0.20	1.04	(2.15)	4.67	(2.44)	28.11
DEO	1.05	(0.03)	0.00	(0.21)	0.00	0.00	2.00	(2.30)	8.81
AIZ	0.89	0.09	0.07	0.16	1.27	(0.89)	1.72	(1.60)	9.02
WVVI	1.27	(0.20)	0.00	(2.38)	0.00	0.00	3.28	(2.87)	8.49
CINF	1.00	0.07	0.08	0.14	1.11	(1.07)	2.20	(1.75)	9.12
PLMR	1.60	0.14	0.09	0.18	1.75	(1.92)	4.52	(3.01)	12.94
EIG	0.94	0.05	0.08	0.13	0.86	(1.09)	1.70	(1.88)	11.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in FP Newspapers 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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FP Newspapers Corporate Management

Ryan Kolaski	CFO Admin	Profile
Dian Trinkaus	Director HR	Profile
Brent Leung	Director Fin	Profile
Paul Samyn	Editor Press	Profile
Karen Buss	VP Press	Profile

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