First Tractor Correlations
| FIRRF Stock | USD 0.74 0.07 8.64% |
The current 90-days correlation between First Tractor and Ag Growth International is -0.18 (i.e., Good 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
Significant diversification
The correlation between First Tractor and DJI is 0.07 (i.e., Significant 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.
First |
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 together with First Pink Sheet
| 0.82 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.62 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.72 | JNJ | Johnson Johnson | PairCorr |
| 0.77 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.68 | MCD | McDonalds | PairCorr |
| 0.74 | TRV | The Travelers Companies | PairCorr |
Moving against First Pink Sheet
| 0.84 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
| 0.81 | AMZN | Amazon Inc | PairCorr |
| 0.8 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.73 | ACN | Accenture plc | PairCorr |
| 0.71 | NVDA | NVIDIA | PairCorr |
| 0.68 | WMT | Walmart Aggressive Push | PairCorr |
| 0.57 | META | Meta Platforms Earnings Call This Week | PairCorr |
| 0.46 | HNHPF | Hon Hai Precision | PairCorr |
| 0.4 | AAPL | Apple Inc | PairCorr |
| 0.81 | HD | Home Depot | PairCorr |
| 0.79 | AXP | American Express Earnings Call Today | PairCorr |
| 0.68 | BAC | Bank of America | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
| 0.58 | AA | Alcoa Corp | 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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGGZF | 1.73 | (0.48) | 0.00 | (5.71) | 0.00 | 3.24 | 16.59 | |||
| AMMX | 2.08 | (0.07) | 0.00 | (0.43) | 0.00 | 5.26 | 25.76 | |||
| ARTW | 2.15 | (0.23) | 0.00 | 1.13 | 0.00 | 4.47 | 13.37 | |||
| HIPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AUSTF | 1.68 | (0.54) | 0.00 | (110.24) | 0.00 | 0.00 | 50.08 | |||
| GRSO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BIIAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WWTIF | 46.81 | 19.13 | 0.00 | (0.55) | 0.00 | 0.00 | 1,417 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Tractor 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 Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
First Tractor Corporate Management
| Kejun Wang | Deputy Mang | Profile | |
| Liwen Yi | Head Department | Profile | |
| Wensheng Su | Deputy General Manager | Profile | |
| Lina Yu | Investor Relationship Manager and Secretary to the Board | Profile |