First Tractor Correlations

Delisted . USA . 
Stock . First Tractor
FIRRFDelisted Stock  USD 0.74  0.00  0.00%   
The current 90-days correlation between First Tractor and First Pacific is 0.14 (i.e., Average diversification). The correlation of First Tractor 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.

First Tractor Correlation With Market

Good diversification

The correlation between First Tractor and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Tractor and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to First Tractor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Tractor 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 First Tractor - 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 First Tractor to buy it.

Moving against First Pink Sheet

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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   
FPAFY
+ 0.83
FPAFF
FPAFY
+ 0.63
HIPH
ZHEXF
+ 0.54
FPAFY
ZHEXF
+ 0.54
SWRBF
SWRBF
+ 0.49
FPAFY
FPAFF
+ 0.48
HIPH
  
High negative correlations   
FIRRY
- 0.0
ZHEXF
FIRRY
- 0.0
SWRBF
FIRRY
- 0.0
FPAFY
FIRRY
- 0.0
FPAFF
FIRRY
- 0.0
HIPH

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Tractor 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 First Tractor'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.

First Tractor 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 First Tractor pink sheet to make a market-neutral strategy. Peer analysis of First Tractor could also be used in its relative valuation, which is a method of valuing First Tractor by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

First Tractor Corporate Management

Kejun WangDeputy MangProfile
Liwen YiHead DepartmentProfile
Wensheng SuDeputy General ManagerProfile
Lina YuInvestor Relationship Manager and Secretary to the BoardProfile

Still Interested in First Tractor?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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