Freedom Holding Correlations
| FRHC Stock | USD 68.50 1.10 1.63% |
The correlation of Freedom Holding 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freedom Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freedom Holding Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Freedom Holding Corp and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freedom Holding Corp and NYA in the same portfolio, assuming nothing else is changed.
Freedom |
The ability to find closely correlated positions to Freedom Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freedom Holding 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 Freedom Holding - 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 Freedom Holding Corp to buy it.
Moving together with Freedom Stock
Moving against Freedom Stock
| 0.91 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.89 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
| 0.82 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.71 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
| 0.67 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
| 0.61 | DIST | Distoken Acquisition | PairCorr |
| 0.55 | QD | Qudian Inc | PairCorr |
| 0.45 | AB | AllianceBernstein | PairCorr |
| 0.45 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.44 | MA | Mastercard | PairCorr |
| 0.41 | RM | Regional Management Corp Normal Trading | 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
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Risk-Adjusted Indicators
There is a big difference between Freedom Stock performing well and Freedom Holding 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 Freedom Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMR | 1.30 | 0.19 | 0.09 | 0.37 | 1.43 | 2.95 | 14.69 | |||
| SRL | 1.67 | (0.23) | 0.00 | 0.58 | 0.00 | 3.63 | 12.30 | |||
| OPY | 1.09 | (0.01) | (0.06) | 1.61 | 1.38 | 2.58 | 6.33 | |||
| HLI | 1.05 | 0.07 | (0.01) | (0.62) | 1.13 | 2.56 | 6.54 | |||
| SNEX | 1.31 | 0.12 | 0.02 | (1.23) | 1.53 | 2.85 | 8.50 | |||
| MFH | 6.55 | 0.24 | 0.03 | 0.43 | 7.16 | 17.07 | 55.84 | |||
| DFIN | 1.32 | (0.10) | 0.00 | (0.05) | 0.00 | 2.95 | 7.17 | |||
| CRMZ | 1.56 | (0.17) | 0.00 | (0.76) | 0.00 | 4.09 | 11.51 | |||
| MIGI | 7.56 | (0.35) | 0.00 | (0.16) | 0.00 | 19.01 | 43.49 | |||
| EVR | 1.23 | 0.10 | 0.00 | (0.28) | 1.48 | 2.23 | 7.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Freedom Holding 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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Freedom Holding Corporate Directors
Freedom Holding corporate directors refer to members of a Freedom Holding board of directors. The board of directors generally takes responsibility for the Freedom Holding's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Freedom Holding's board members must vote for the resolution. The Freedom Holding board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jason Kerr | Independent Director | Profile | |
| Arkady Rakhilkin | Independent Director | Profile | |
| Leonard Stillman | Independent Director | Profile | |
| Boris Cherdabayev | Director | Profile |
Already Invested in Freedom Holding Corp?
The danger of trading Freedom Holding Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Freedom Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Freedom Holding. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Freedom Holding Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Freedom Holding Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Freedom Holding's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Freedom Holding Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Freedom Holding Corp Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freedom Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Freedom Holding Corp information on this page should be used as a complementary analysis to other Freedom Holding's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Freedom Stock analysis
When running Freedom Holding's price analysis, check to measure Freedom Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freedom Holding is operating at the current time. Most of Freedom Holding's value examination focuses on studying past and present price action to predict the probability of Freedom Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freedom Holding's price. Additionally, you may evaluate how the addition of Freedom Holding to your portfolios can decrease your overall portfolio volatility.
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Is Freedom Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freedom Holding. If investors know Freedom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freedom Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.543 | Earnings Share 5.64 | Revenue Per Share 15.048 | Quarterly Revenue Growth 0.762 | Return On Assets 0.0521 |
The market value of Freedom Holding Corp is measured differently than its book value, which is the value of Freedom that is recorded on the company's balance sheet. Investors also form their own opinion of Freedom Holding's value that differs from its market value or its book value, called intrinsic value, which is Freedom Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freedom Holding's market value can be influenced by many factors that don't directly affect Freedom Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freedom Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freedom Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freedom Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.