Franklin Credit Correlations
| FCRM Stock | USD 0.20 0.05 33.33% |
The correlation of Franklin Credit 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Franklin Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franklin Credit Management 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.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Credit Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Franklin |
The ability to find closely correlated positions to Franklin Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franklin Credit 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 Franklin Credit - 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 Franklin Credit Management to buy it.
Moving together with Franklin Pink Sheet
| 0.7 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.63 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
| 0.61 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
Moving against Franklin Pink Sheet
| 0.73 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.69 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.6 | PTAIF | PT Astra International | PairCorr |
| 0.6 | PFE | Pfizer Inc Report 7th of May 2024 | PairCorr |
| 0.59 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.54 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.5 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
| 0.44 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Franklin Pink Sheet performing well and Franklin Credit 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 Franklin Credit'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFE | 0.91 | (0.20) | 0.00 | (0.21) | 0.00 | 1.61 | 6.35 | |||
| HTLFP | 0.68 | 0.00 | (0.04) | 0.05 | 0.84 | 1.45 | 5.37 | |||
| CFX | 6.06 | 0.36 | 0.04 | 0.17 | 7.80 | 13.64 | 46.05 | |||
| C-PN | 0.32 | 0.05 | 0.02 | 1.50 | 0.48 | 0.51 | 5.08 | |||
| JNJ | 0.60 | (0.20) | 0.00 | (0.34) | 0.00 | 1.12 | 3.65 | |||
| TSVT | 4.99 | 0.62 | 0.10 | 0.56 | 5.71 | 9.91 | 43.40 | |||
| CVX | 0.76 | 0.08 | 0.05 | 0.20 | 0.95 | 1.99 | 5.97 | |||
| LCBSX | 0.75 | (0.04) | (0.03) | 0.01 | 1.01 | 1.30 | 5.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Franklin Credit 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.Did you try this?
Run Cryptocurrency Center Now
Cryptocurrency CenterBuild and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
| All Next | Launch Module |
Already Invested in Franklin Credit Management?
The danger of trading Franklin Credit Management 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 Franklin Credit 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 Franklin Credit. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Franklin Credit Mana 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Credit Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Franklin Pink Sheet analysis
When running Franklin Credit's price analysis, check to measure Franklin Credit'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 Franklin Credit is operating at the current time. Most of Franklin Credit's value examination focuses on studying past and present price action to predict the probability of Franklin Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Credit's price. Additionally, you may evaluate how the addition of Franklin Credit to your portfolios can decrease your overall portfolio volatility.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |