First Pacific Correlations

FPAFF Stock

USD 0.77 0.02 2.67%

The current 90-days correlation between First Pacific and Flowers Foods is 0.12 (i.e., Average diversification). The correlation of First Pacific 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 Pacific Correlation With Market

Good diversification

The correlation between First Pacific and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Pacific and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First Pacific 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 Pacific 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 Pacific - 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 Pacific to buy it.

Moving together with First Pink Sheet

0.77	GE	GE Aerospace Earnings Call Today	Pair Corr
0.79	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.64	INTC	Intel Earnings Call This Week	Pair Corr
0.73	BA	Boeing Earnings Call This Week	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.83	MSFT	Microsoft Aggressive Push	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.66	MMM	3M Company	Pair Corr
0.77	BAC	Bank of America	Pair Corr
0.78	CAT	Caterpillar	Pair Corr

Moving against First Pink Sheet

0.8	GIS	General Mills	Pair Corr
0.67	CIADY	China Mengniu Dairy	Pair Corr
0.66	K	Kellanova Earnings Call This Week	Pair Corr
0.61	KHC	Kraft Heinz Earnings Call This Week	Pair Corr
0.59	GRBMF	Grupo Bimbo SAB Earnings Call Today	Pair Corr
0.42	NSRGF	Nestle SA Earnings Call This Week	Pair Corr
0.34	BMBOY	Grupo Bimbo SAB Earnings Call Today	Pair Corr
0.57	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.47	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	BRFS	FLO	PFODF	PRRFY	TQLB	INBP	CAG	CPB	HRL	K
BRFS		-0.09	0.08	-0.22	-0.28	0.0	-0.07	-0.1	0.18	-0.12	BRFS
FLO	-0.09		-0.82	-0.15	-0.49	0.0	0.95	0.96	-0.14	0.76	FLO
PFODF	0.08	-0.82		0.23	0.34	0.0	-0.79	-0.86	0.49	-0.69	PFODF
PRRFY	-0.22	-0.15	0.23		0.15	0.0	-0.01	-0.11	0.19	0.15	PRRFY
TQLB	-0.28	-0.49	0.34	0.15		0.0	-0.56	-0.51	-0.05	-0.35	TQLB
INBP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	INBP
CAG	-0.07	0.95	-0.79	-0.01	-0.56	0.0		0.95	-0.12	0.79	CAG
CPB	-0.1	0.96	-0.86	-0.11	-0.51	0.0	0.95		-0.22	0.86	CPB
HRL	0.18	-0.14	0.49	0.19	-0.05	0.0	-0.12	-0.22		-0.23	HRL
K	-0.12	0.76	-0.69	0.15	-0.35	0.0	0.79	0.86	-0.23		K
	BRFS	FLO	PFODF	PRRFY	TQLB	INBP	CAG	CPB	HRL	K

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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

CPB	+ 0.96	FLO
CAG	+ 0.95	FLO
CPB	+ 0.95	CAG
K	+ 0.86	CPB
K	+ 0.79	CAG
K	+ 0.76	FLO

High negative correlations

CPB	- 0.86	PFODF
PFODF	- 0.82	FLO
CAG	- 0.79	PFODF
K	- 0.69	PFODF
CAG	- 0.56	TQLB
CPB	- 0.51	TQLB

Risk-Adjusted Indicators

There is a big difference between First Pink Sheet performing well and First Pacific 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 Pacific'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
BRFS	2.32	0.11	0.01	0.43	2.65	(2.64)	4.72	(4.85)	13.42
FLO	1.02	(0.35)	0.00	(0.32)	0.00	0.00	1.65	(2.48)	6.06
PFODF	0.47	0.25	0.00	(2.16)	0.00	0.00	0.73	0.00	11.43
PRRFY	1.18	0.01	(0.03)	0.17	1.83	(1.81)	3.77	(3.58)	12.29
TQLB	9.90	2.77	0.11	1.61	8.40	(57.48)	18.52	(15.62)	225.00
INBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAG	1.04	(0.52)	0.00	(0.83)	0.00	0.00	1.52	(2.76)	7.20
CPB	1.09	(0.37)	0.00	(0.48)	0.00	0.00	1.89	(2.31)	5.97
HRL	0.99	(0.13)	0.00	(0.13)	0.00	0.00	1.92	(1.88)	6.69
K	0.30	(0.06)	0.00	(0.38)	0.00	0.00	0.53	(0.68)	2.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Pacific 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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Ping Chan	Ex Controller	Profile
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T Lin	Ex HR	Profile

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