FBS Global Correlations
| FBGL Stock | 0.62 0.01 1.59% |
The current 90-days correlation between FBS Global Limited and Nextplat Corp is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FBS Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FBS Global Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FBS Global Correlation With Market
Weak diversification
The correlation between FBS Global Limited and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FBS Global Limited and DJI in the same portfolio, assuming nothing else is changed.
Related Correlations Analysis
| 0.73 | 0.79 | -0.69 | 0.83 | 0.85 | 0.85 | AL | ||
| 0.73 | 0.3 | -0.3 | 0.4 | 0.36 | 0.83 | CAAP | ||
| 0.79 | 0.3 | -0.73 | 0.93 | 0.96 | 0.53 | NXPL | ||
| -0.69 | -0.3 | -0.73 | -0.78 | -0.79 | -0.52 | VALN | ||
| 0.83 | 0.4 | 0.93 | -0.78 | 0.95 | 0.62 | AMKR | ||
| 0.85 | 0.36 | 0.96 | -0.79 | 0.95 | 0.6 | WDC | ||
| 0.85 | 0.83 | 0.53 | -0.52 | 0.62 | 0.6 | NOW | ||
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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 FBS Stock performing well and FBS Global 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 FBS Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AL | 1.17 | 0.35 | 0.27 | 0.52 | 0.72 | 3.27 | 10.57 | |||
| CAAP | 1.34 | 0.24 | 0.07 | (2.33) | 1.24 | 2.64 | 8.49 | |||
| NXPL | 3.66 | 0.51 | 0.12 | 0.61 | 3.52 | 9.59 | 22.93 | |||
| VALN | 1.86 | 0.10 | (0.02) | (0.35) | 2.59 | 3.45 | 18.89 | |||
| AMKR | 1.78 | 0.20 | 0.12 | 0.27 | 1.73 | 3.82 | 11.83 | |||
| WDC | 1.34 | 0.88 | 0.64 | 1.18 | 0.00 | 5.25 | 10.25 | |||
| NOW | 1.49 | 0.13 | 0.11 | 0.23 | 1.33 | 3.46 | 19.99 |