FEIHE INTERNATIONAL Correlations

The correlation of FEIHE INTERNATIONAL is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FEIHE INTERNATIONAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FEIHE INTERNATIONAL INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to FEIHE INTERNATIONAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FEIHE INTERNATIONAL 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 FEIHE INTERNATIONAL - 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 FEIHE INTERNATIONAL INC to buy it.

Related Correlations

MMM
VZ
HPQ
CAT
MMM
-0.340.760.76
MMM
VZ
-0.340.150.09
VZ
HPQ
0.760.150.9
HPQ
CAT
0.760.090.9
CAT
MMM
VZ
HPQ
CAT
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CATHPQ
HPQMMM
CATMMM
HPQVZ
CATVZ
  
High negative correlations   
VZMMM

FEIHE INTERNATIONAL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between FEIHE INTERNATIONAL stock performing well and FEIHE INTERNATIONAL company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze FEIHE INTERNATIONAL's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

FEIHE INTERNATIONAL Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FEIHE INTERNATIONAL stock to make a market-neutral strategy. Peer analysis of FEIHE INTERNATIONAL could also be used in its relative valuation, which is a method of valuing FEIHE INTERNATIONAL by comparing valuation metrics with similar companies.
3M CompanyVerizon CommunicationsHP IncCaterpillarAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 CoveredFranklin Mutual EuropeanGARDNER DENVER INCUSA Value FactorBetapro Canadian GoldAramark Holdings CorpLong-Term Govt Bond
 Risk & Return  Correlation

Invested in FEIHE INTERNATIONAL INC?

You need to understand the risk of investing before taking a position in FEIHE INTERNATIONAL. The danger of trading FEIHE INTERNATIONAL INC is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FEIHE INTERNATIONAL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FEIHE INTERNATIONAL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FEIHE INTERNATIONAL INC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. Note that the FEIHE INTERNATIONAL INC information on this page should be used as a complementary analysis to other FEIHE INTERNATIONAL's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Tools for FEIHE Stock

When running FEIHE INTERNATIONAL INC price analysis, check to measure FEIHE INTERNATIONAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FEIHE INTERNATIONAL is operating at the current time. Most of FEIHE INTERNATIONAL's value examination focuses on studying past and present price action to predict the probability of FEIHE INTERNATIONAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FEIHE INTERNATIONAL's price. Additionally, you may evaluate how the addition of FEIHE INTERNATIONAL to your portfolios can decrease your overall portfolio volatility.
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