Flag Ship Correlations

FSHPR Stock   0.15  0.01  6.25%   
The current 90-days correlation between Flag Ship Acquisition and AMCON Distributing is 0.15 (i.e., Average diversification). The correlation of Flag Ship 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Flag Ship Correlation With Market

Good diversification

The correlation between Flag Ship Acquisition 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 Flag Ship Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flag Ship Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Flag Stock

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  0.54FORL Four Leaf AcquisitionPairCorr
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  0.48DISTR Distoken AcquisitionPairCorr
  0.48FGMC FG Merger IIPairCorr
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  0.47WLAC Willow Lane AcquisitionPairCorr
  0.46ALF Centurion AcquisitionPairCorr
  0.45KVACW Keen Vision AcquisitionPairCorr
  0.44GDSTW Goldenstone AcquisitionPairCorr
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  0.43BAYAU Bayview Acquisition CorpPairCorr
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Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Flag Stock performing well and Flag Ship 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 Flag Ship'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.

Flag Ship Corporate Executives

Elected by the shareholders, the Flag Ship's board of directors comprises two types of representatives: Flag Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flag. The board's role is to monitor Flag Ship's management team and ensure that shareholders' interests are well served. Flag Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flag Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.