FS Energy Correlations
| FSEN Stock | USD 14.00 0.31 2.17% |
The current 90-days correlation between FS Energy and Nuveen New Jersey is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FS Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS Energy and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FS Energy Correlation With Market
Significant diversification
The correlation between FS Energy and 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 FS Energy and and DJI in the same portfolio, assuming nothing else is changed.
FSEN |
The ability to find closely correlated positions to FS Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FS Energy 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 FS Energy - 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 FS Energy and to buy it.
Moving against FSEN Pink Sheet
Related Correlations Analysis
| 0.72 | 0.4 | 0.59 | 0.31 | 0.56 | 0.0 | NXJ | ||
| 0.72 | -0.04 | 0.47 | -0.25 | 0.36 | 0.0 | MUJ | ||
| 0.4 | -0.04 | 0.53 | 0.62 | 0.45 | 0.0 | FSK | ||
| 0.59 | 0.47 | 0.53 | 0.23 | 0.62 | 0.0 | APO | ||
| 0.31 | -0.25 | 0.62 | 0.23 | 0.24 | 0.0 | IPXHY | ||
| 0.56 | 0.36 | 0.45 | 0.62 | 0.24 | 0.0 | DKILF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GWLIF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FSEN Pink Sheet performing well and FS Energy 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 FS Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NXJ | 0.34 | (0.01) | 0.00 | 0.46 | 0.00 | 0.54 | 2.07 | |||
| MUJ | 0.39 | 0.00 | (0.27) | 0.05 | 0.43 | 1.02 | 2.51 | |||
| FSK | 0.83 | 0.22 | 0.10 | 1.13 | 0.73 | 1.95 | 5.79 | |||
| APO | 1.66 | 0.36 | 0.08 | (0.87) | 1.91 | 4.39 | 14.48 | |||
| IPXHY | 1.08 | 0.11 | (0.04) | (0.30) | 1.32 | 2.67 | 6.50 | |||
| DKILF | 2.60 | 0.22 | 0.03 | 3.58 | 2.80 | 5.30 | 12.12 | |||
| GWLIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FS Energy 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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FS Energy Corporate Management
| Robert Thomas | Pres Trustee | Profile | |
| Zachary Klehr | Ex Management | Profile | |
| Thomas Long | President | Profile | |
| James Beach | Chief Officer | Profile | |
| James CPA | Chief Officer | Profile | |
| David Weiser | Chief Officer | Profile | |
| Michael JD | Chairman CEO | Profile |