Fenbo Holdings Correlations

Stocks . USA . 
Stock . Fenbo Holdings Limited
FEBO Stock   1.12  0.01  0.90%   
The current 90-days correlation between Fenbo Holdings and Dream Office Real is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fenbo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fenbo Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fenbo Holdings Correlation With Market

Significant diversification

The correlation between Fenbo Holdings Limited and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fenbo Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Fenbo Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fenbo Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Fenbo Stock

  0.64HBI HanesbrandsPairCorr
  0.75HMR Heidmar Maritime HoldingsPairCorr

Moving against Fenbo Stock

  0.72DOOO BRP IncPairCorr
  0.61AS Amer Sports,PairCorr
  0.59BLD Topbuild CorpPairCorr
  0.58UA Under Armour CPairCorr
  0.56BC Brunswick Earnings Call This WeekPairCorr
  0.48DFH Dream Finders Homes Upward RallyPairCorr
  0.47RL Ralph Lauren CorpPairCorr
  0.44VUZI Vuzix Corp CmnPairCorr
  0.43BZH Beazer Homes USAPairCorr
  0.41FOSL Fossil GroupPairCorr
  0.4CCS Century Communities Earnings Call TomorrowPairCorr
  0.63IBP Installed BuildingPairCorr
  0.63NKE Nike Inc Aggressive PushPairCorr
  0.52HAS Hasbro Inc Earnings Call TomorrowPairCorr
  0.44NVR NVR Inc Earnings Call TomorrowPairCorr
  0.42DHI DR Horton Upward RallyPairCorr
  0.42PHM PulteGroup Buyout TrendPairCorr
  0.33MHO MI Homes Earnings Call This WeekPairCorr

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   
HAE
+ 0.97
HNI
SNCY
+ 0.91
HNI
WEYS
+ 0.86
HNI
SNCY
+ 0.86
WEYS
SNCY
+ 0.86
HAE
HAE
+ 0.83
WEYS
  
High negative correlations   
DRETF
- 0.35
JBLU
WEYS
- 0.08
DRETF
SNCY
- 0.03
DRETF

Risk-Adjusted Indicators

There is a big difference between Fenbo Stock performing well and Fenbo Holdings 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 Fenbo Holdings' 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.

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