FPT Digital Correlations

FRT Stock

176,000 4,000 2.22%

The current 90-days correlation between FPT Digital Retail and Ha Noi Education is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FPT Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPT Digital Retail moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FPT Digital Correlation With Market

Significant diversification

The correlation between FPT Digital Retail and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FPT Digital Retail and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against FPT Stock

0.65	FIT	FIT INVEST JSC	Pair Corr
0.59	ABT	Bentre Aquaproduct Import	Pair Corr
0.51	APG	APG Securities Joint	Pair Corr

Related Correlations Analysis

	EID	PV2	AST	LDG	ELC	FRT	SFI
EID		0.61	0.7	0.58	-0.33	-0.33	-0.44	EID
PV2	0.61		0.31	0.22	-0.03	0.15	0.04	PV2
AST	0.7	0.31		0.66	-0.08	-0.41	-0.38	AST
LDG	0.58	0.22	0.66		-0.33	-0.53	-0.47	LDG
ELC	-0.33	-0.03	-0.08	-0.33		0.56	0.43	ELC
FRT	-0.33	0.15	-0.41	-0.53	0.56		0.54	FRT
SFI	-0.44	0.04	-0.38	-0.47	0.43	0.54		SFI
	EID	PV2	AST	LDG	ELC	FRT	SFI

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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

AST	+ 0.7	EID
LDG	+ 0.66	AST
PV2	+ 0.61	EID
LDG	+ 0.58	EID
FRT	+ 0.56	ELC
SFI	+ 0.54	FRT

High negative correlations

FRT	- 0.53	LDG
SFI	- 0.47	LDG
SFI	- 0.44	EID
FRT	- 0.41	AST
SFI	- 0.38	AST
ELC	- 0.33	LDG

Risk-Adjusted Indicators

There is a big difference between FPT Stock performing well and FPT Digital 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 FPT Digital'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
EID	0.57	0.12	0.21	2.23	0.36	(1.15)	1.83	(1.08)	4.65
PV2	3.74	0.68	0.15	(1.15)	3.69	(5.33)	9.09	(7.32)	20.00
AST	0.82	0.03	0.11	(0.89)	0.78	(1.27)	2.05	(1.39)	8.03
LDG	1.33	0.13	0.14	(0.31)	1.31	(2.16)	3.69	(1.74)	13.43
ELC	1.51	(0.23)	0.00	31.06	0.00	0.00	3.86	(2.83)	19.57
FRT	1.10	(0.06)	0.00	(0.51)	0.00	0.00	2.39	(2.39)	9.37
SFI	0.99	0.02	0.04	0.10	1.35	(1.31)	2.35	(2.00)	11.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in FPT Digital 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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