FG Acquisition Correlations

FGAA-U Stock   10.19  0.00  0.00%   
The current 90-days correlation between FG Acquisition Corp and Rubicon Organics is -0.03 (i.e., Good diversification). The correlation of FG Acquisition 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.

FG Acquisition Correlation With Market

Very good diversification

The correlation between FG Acquisition Corp and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FG Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FG Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FG Acquisition 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 FG Acquisition - 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 FG Acquisition Corp to buy it.

Moving against FGAA-U Stock

  0.48META Meta Platforms CDRPairCorr

Related Correlations Analysis

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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   
TD-PFMFTN-PA
TMETFTN-PA
TD-PFMAMZN
AMZNFTN-PA
TMETTD-PFM
TMETROMJ
  
High negative correlations   
TD-PFMRUM
RUMFTN-PA
RUMAMZN
TMETRUM
RUMROMJ
RUMVO

Risk-Adjusted Indicators

There is a big difference between FGAA-U Stock performing well and FG Acquisition 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 FG Acquisition'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FG Acquisition 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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FG Acquisition Corporate Executives

Elected by the shareholders, the FG Acquisition's board of directors comprises two types of representatives: FG Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FGAA-U. The board's role is to monitor FG Acquisition's management team and ensure that shareholders' interests are well served. FG Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FG Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hassan CPACorporate CFOProfile