Field Trip Correlations

FTHWFDelisted Stock  USD 0.04  0.00  0.00%   
The correlation of Field Trip 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.

Field Trip Correlation With Market

Significant diversification

The correlation between Field Trip Health and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Field Trip Health and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Field Trip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Field Trip 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 Field Trip - 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 Field Trip Health to buy it.

Moving against Field Pink Sheet

  0.36TRT Trio Tech InternationalPairCorr
  0.36EVGR Evergreen CorpPairCorr
  0.35CRAI CRA InternationalPairCorr
  0.34BYDDY BYD CoPairCorr

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   
ROIVWSABS
MAIAKNBIF
AGNPFKNBIF
MAIAAGNPF
IGCKNBIF
KAAGNPF
  
High negative correlations   
ROIVWKNBIF
MAIAROIVW
ROIVWAGNPF
SABSKNBIF
AGNPFSABS
KASABS

Risk-Adjusted Indicators

There is a big difference between Field Pink Sheet performing well and Field Trip 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 Field Trip'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RASP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
KNBIF  1.57 (0.36) 0.00 (0.66) 0.00 
 3.23 
 32.50 
SABS  6.90  1.25  0.17  1.04  6.66 
 19.23 
 65.66 
IGC  2.63  0.17  0.04  0.16  2.95 
 5.56 
 32.61 
NMDBF  7.69  3.28  0.00  5.82  0.00 
 0.00 
 39.13 
AGNPF  6.87 (0.02) 0.00  0.00  7.79 
 16.58 
 55.53 
AWKNF  6.14  0.53  0.04 (0.40) 7.30 
 18.00 
 43.08 
KA  5.10 (0.25) 0.00 (69.06) 0.00 
 10.45 
 41.46 
ROIVW  4.02  0.65  0.13 (2.29) 4.20 
 8.80 
 24.42 
MAIA  3.59 (0.43) 0.00 (0.75) 0.00 
 6.25 
 21.82 

View Field Trip Related Equities

 Risk & Return  Correlation

Field Trip Corporate Management

Still Interested in Field Trip Health?

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.