Filament Health Correlations
| FLHLF Stock | USD 0.0001 0.00 0.00% |
The correlation of Filament Health 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.
Filament Health Correlation With Market
Good diversification
The correlation between Filament Health Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Filament Health Corp and DJI in the same portfolio, assuming nothing else is changed.
Filament |
The ability to find closely correlated positions to Filament Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Filament Health 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 Filament Health - 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 Filament Health Corp to buy it.
Moving together with Filament Pink Sheet
| 0.72 | PG | Procter Gamble Earnings Call This Week | PairCorr |
Moving against Filament Pink Sheet
| 0.88 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.87 | TEVA | Teva Pharma Industries | PairCorr |
| 0.87 | ACN | Accenture plc | PairCorr |
| 0.85 | WF | Woori Financial Group | PairCorr |
| 0.81 | WSFS | WSFS Financial | PairCorr |
| 0.78 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.75 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.72 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.63 | HLN | Haleon plc | PairCorr |
| 0.62 | TKPHF | Takeda Pharmaceutical | PairCorr |
| 0.61 | HLNCF | Haleon plc | PairCorr |
| 0.61 | BCH | Banco De Chile | PairCorr |
| 0.61 | F | Ford Motor | PairCorr |
| 0.58 | KB | KB Financial Group | PairCorr |
| 0.48 | RGC | Regencell Bioscience | PairCorr |
| 0.48 | SHG | Shinhan Financial | PairCorr |
| 0.42 | INTC | Intel Aggressive Push | PairCorr |
| 0.9 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.83 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.76 | BAC | Bank of America | PairCorr |
| 0.75 | ATI | Allegheny Technologies | PairCorr |
| 0.75 | DD | Dupont De Nemours | PairCorr |
| 0.74 | CAT | Caterpillar Sell-off Trend | PairCorr |
| 0.67 | JPM | JPMorgan Chase | PairCorr |
| 0.65 | PFE | Pfizer Inc | PairCorr |
| 0.62 | MCD | McDonalds | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.54 | TRV | The Travelers Companies Earnings Call This Week | PairCorr |
| 0.38 | BA | Boeing Sell-off Trend | PairCorr |
| 0.35 | IBM | International Business | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Filament Pink Sheet performing well and Filament Health 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 Filament Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACUR | 14.29 | 4.69 | 0.00 | (1.06) | 0.00 | 60.00 | 200.00 | |||
| NNRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MRRCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TNPH | 1.62 | 0.83 | 0.00 | (0.32) | 0.00 | 0.00 | 64.98 | |||
| CBDX | 3.01 | 0.93 | 0.00 | (0.36) | 0.00 | 0.00 | 150.00 | |||
| GNLKQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KALY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AZFL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NUGS | 10.30 | 4.41 | 0.00 | 0.72 | 0.00 | 0.00 | 316.67 | |||
| CNNC | 23.48 | 9.15 | 0.00 | 1.56 | 0.00 | 50.00 | 583.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Filament Health 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?
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Filament Health Corporate Management
| Jon Conlin | Corp Director | Profile | |
| Jeff Fellows | Head Regulatory | Profile | |
| Benjamin Lightburn | CEO CoFounder | Profile | |
| Tom Kineshanko | CoFounder | Profile | |
| Warren Duncan | Chief Officer | Profile | |
| Lisa Ranken | Chief Officer | Profile | |
| Anna Cordon | Director Communications | Profile |