TechnipFMC Plc Correlations

FTI -  USA Stock  

USD 6.32  0.10  1.56%

The correlation of TechnipFMC Plc 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 TechnipFMC Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechnipFMC Plc 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 TechnipFMC Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechnipFMC Plc 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 TechnipFMC Plc - 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 TechnipFMC Plc to buy it.

Moving together with TechnipFMC Plc

0.86AROCArchrockPairCorr
0.75BKRBaker Hughes APairCorr
0.68BOOMDynamic MaterialsPairCorr
0.68CGGYYCompagnie GeneralePairCorr
0.73CHXChampionx CorpPairCorr
0.7CLBCore LaboratoriesPairCorr
0.81DNOWNOW IncPairCorr
0.65DRQDril-QuipPairCorr
0.68EXTNExterran CorpPairCorr
0.71FETForum Energy TechnologiesPairCorr

Related Correlations

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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   
INTCGE
INTCDD
WMTPG
INTCMSFT
DDGE
DDMSFT
  
High negative correlations   
WMTCVX
CVXPG
CVXMSFT

TechnipFMC Plc Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between TechnipFMC Plc stock performing well and TechnipFMC Plc 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 TechnipFMC Plc'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BKR 2.27 (0.21)  0.00 (0.40)  0.00 (0.07)  0.00  3.97 (5.48)  12.69 
MCD 1.06  0.18  0.16  0.09  1.27  0.16 (1.14)  2.22 (1.98)  7.82 
HPQ 2.53  0.16  0.00 (0.05)  0.00  0.0243  0.00  4.02 (4.48)  21.74 
GE 1.69 (0.31)  0.00 (0.39)  0.00 (0.14)  0.00  2.88 (4.93)  13.22 
PG 1.21  0.04  0.00 (0.09)  0.00  0.05  0.00  2.54 (2.30)  8.89 
MSFT 1.91  0.04  0.00 (0.12)  0.00 (0.0093)  0.00  2.97 (4.24)  9.36 
DD 1.60 (0.20)  0.00 (0.31)  0.00 (0.12)  0.00  3.00 (3.87)  9.53 
CVX 1.79 (0.03)  0.00 (0.18)  0.00 (0.0046)  0.00  3.06 (4.60)  10.25 
WMT 1.39 (0.12)  0.00 (0.37)  0.00 (0.0269)  0.00  2.43 (2.47)  13.98 
INTC 1.90 (0.10)  0.00 (0.22)  0.00 (0.06)  0.00  3.21 (3.64)  13.88 

Similar Equity Warning - FTI

TechnipFMC Plc was forked

The entity TechnipFMC Plc with a symbol FTI was recently forked. You can potentially use FMC TECHNOLOGIES INC with a symbol FTI1 from now on.

TechnipFMC Plc Corporate Directors

TechnipFMC Plc corporate directors refer to members of a TechnipFMC Plc board of directors. The board of directors generally takes responsibility for the TechnipFMC Plc's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of TechnipFMC Plc's board members must vote for the resolution. The TechnipFMC Plc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Clarence Cazalot - DirectorProfile
Richard Pattarozzi - Independent DirectorProfile
Thomas Hamilton - Independent DirectorProfile
MarieAnge Debon - Independent DirectorProfile

Investing TechnipFMC Plc

You need to understand the risk of investing before taking a position in TechnipFMC Plc. The danger of trading TechnipFMC Plc 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 TechnipFMC Plc 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 TechnipFMC Plc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TechnipFMC Plc 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.
Please check Investing Opportunities. Note that the TechnipFMC Plc information on this page should be used as a complementary analysis to other TechnipFMC Plc'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running TechnipFMC Plc price analysis, check to measure TechnipFMC Plc'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 TechnipFMC Plc is operating at the current time. Most of TechnipFMC Plc's value examination focuses on studying past and present price action to predict the probability of TechnipFMC Plc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move TechnipFMC Plc's price. Additionally, you may evaluate how the addition of TechnipFMC Plc to your portfolios can decrease your overall portfolio volatility.
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Is TechnipFMC Plc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TechnipFMC Plc. If investors know TechnipFMC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TechnipFMC Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.88
Market Capitalization
2.9 B
Quarterly Revenue Growth YOY
-0.047
Return On Assets
0.005
Return On Equity
-0.1
The market value of TechnipFMC Plc is measured differently than its book value, which is the value of TechnipFMC that is recorded on the company's balance sheet. Investors also form their own opinion of TechnipFMC Plc's value that differs from its market value or its book value, called intrinsic value, which is TechnipFMC Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TechnipFMC Plc's market value can be influenced by many factors that don't directly affect TechnipFMC Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TechnipFMC Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine TechnipFMC Plc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechnipFMC Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.