RFM Corp Correlations

RFM Stock

3.89 0.07 1.83%

The current 90-days correlation between RFM Corp and Axelum Resources Corp is -0.12 (i.e., Good diversification). The correlation of RFM 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.

RFM Corp Correlation With Market

Good diversification

The correlation between RFM Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RFM Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RFM 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 RFM 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 RFM 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 RFM Corp to buy it.

Moving together with RFM Stock

0.65

CNPF

Century Pacific Food

Pair Corr

Moving against RFM Stock

0.82	GLO	Globe Telecom	Pair Corr
0.81	AEV	Aboitiz Equity Ventures	Pair Corr
0.79	TEL	PLDT Inc	Pair Corr
0.79	ALI	Ayala Land	Pair Corr
0.74	SM	SM Investments Corp	Pair Corr
0.68	BDO	BDO Unibank	Pair Corr
0.64	AC	Ayala Corp	Pair Corr
0.47	AXLM	Axelum Resources Corp	Pair Corr
0.46	TFHI	Top Frontier Investment	Pair Corr
0.44	TCB2A	Cirtek Holdings Phil	Pair Corr
0.37	SFI	Swift Foods	Pair Corr

Related Correlations Analysis

	CNPF	RFM	AXLM	SFI	DDMPR	MRSGI	VREIT	ECP	PNB
CNPF		0.65	-0.35	-0.09	0.24	0.42	0.54	0.16	-0.26	CNPF
RFM	0.65		-0.47	-0.37	0.02	0.19	0.43	0.22	-0.24	RFM
AXLM	-0.35	-0.47		0.21	0.6	0.31	-0.19	-0.46	0.44	AXLM
SFI	-0.09	-0.37	0.21		0.32	0.06	-0.36	-0.36	0.31	SFI
DDMPR	0.24	0.02	0.6	0.32		0.55	0.07	-0.42	0.31	DDMPR
MRSGI	0.42	0.19	0.31	0.06	0.55		0.07	-0.15	0.11	MRSGI
VREIT	0.54	0.43	-0.19	-0.36	0.07	0.07		0.25	-0.48	VREIT
ECP	0.16	0.22	-0.46	-0.36	-0.42	-0.15	0.25		-0.23	ECP
PNB	-0.26	-0.24	0.44	0.31	0.31	0.11	-0.48	-0.23		PNB
	CNPF	RFM	AXLM	SFI	DDMPR	MRSGI	VREIT	ECP	PNB

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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

RFM	+ 0.65	CNPF
DDMPR	+ 0.6	AXLM
MRSGI	+ 0.55	DDMPR
VREIT	+ 0.54	CNPF
PNB	+ 0.44	AXLM
VREIT	+ 0.43	RFM

High negative correlations

PNB	- 0.48	VREIT
AXLM	- 0.47	RFM
ECP	- 0.46	AXLM
ECP	- 0.42	DDMPR
SFI	- 0.37	RFM
ECP	- 0.36	SFI

Risk-Adjusted Indicators

There is a big difference between RFM Stock performing well and RFM 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 RFM 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
CNPF	1.34	0.14	0.06	0.55	1.73	(1.46)	3.00	(2.53)	11.57
RFM	0.82	0.09	0.04	(0.42)	0.97	(1.18)	2.37	(2.19)	5.27
AXLM	2.27	0.22	0.08	1.74	2.13	(3.35)	6.12	(4.00)	18.35
SFI	2.88	(0.01)	0.00	0.00	3.69	(5.28)	6.00	(7.27)	34.20
DDMPR	0.81	0.07	0.03	(0.76)	0.85	(1.24)	1.98	(1.92)	4.00
MRSGI	0.95	0.03	0.01	0.24	1.11	(1.53)	2.56	(1.67)	7.61
VREIT	0.71	0.12	0.07	(0.43)	0.72	(0.99)	1.71	(1.62)	6.50
ECP	8.65	1.17	0.09	(0.37)	9.40	(10.51)	25.00	(18.42)	70.00
PNB	1.33	0.17	0.09	(0.45)	1.35	(1.58)	2.44	(2.36)	16.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in RFM Corp 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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