RFM Corp Correlations

Stocks . Philippines . 
Stock . RFM Corp
RFM Stock   4.13  0.01  0.24%   
The current 90-days correlation between RFM Corp and Apex Mining Co is 0.01 (i.e., Significant diversification). The correlation of RFM Corp 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.

RFM Corp Correlation With Market

Average diversification

The correlation between RFM Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RFM Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to RFM Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RFM Corp 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 RFM Corp - 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 RFM Corp to buy it.

Moving together with RFM Stock

  0.68FPH First Philippine HoldingsPairCorr

Moving against RFM Stock

  0.5TEL PLDT IncPairCorr
  0.48AXLM Axelum Resources CorpPairCorr
  0.35MER Manila ElectricPairCorr
  0.33GLO Globe TelecomPairCorr

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   
PX
+ 0.64
APX
MFC
+ 0.58
SCC
PX
+ 0.56
SCC
MFC
+ 0.5
PX
AT
+ 0.41
SCC
PX
+ 0.39
AT
  
High negative correlations   
COL
- 0.72
SLF
MBT
- 0.7
AT
MBT
- 0.58
SLF
PX
- 0.38
MBT
MFC
- 0.37
MBT
COL
- 0.27
AT

Risk-Adjusted Indicators

There is a big difference between RFM Stock performing well and RFM Corp 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 RFM Corp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in RFM Corp 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?

Run Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY