Founder Group Correlations

FGL Stock

0.77 0.06 7.23%

The current 90-days correlation between Founder Group Limited and InfuSystems Holdings is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Founder Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Founder Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Founder Group Correlation With Market

Weak diversification

The correlation between Founder Group Limited and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Founder Group Limited and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Founder Group 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 price.

Moving together with Founder Stock

0.74

SKK

PROSHARES ULTRASHORT

Pair Corr

Moving against Founder Stock

0.88	DY	Dycom Industries	Pair Corr
0.86	TPC	Tutor Perini	Pair Corr
0.84	FLR	Fluor	Pair Corr
0.83	AGX	Argan Inc	Pair Corr
0.81	APG	Api Group Corp	Pair Corr
0.81	ECG	Everus Construction	Pair Corr
0.8	GLDD	Great Lakes Dredge	Pair Corr
0.8	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.79	ACM	Aecom Technology	Pair Corr
0.79	MTZ	MasTec Inc	Pair Corr
0.78	FIX	Comfort Systems USA	Pair Corr
0.78	GVA	Granite Construction	Pair Corr
0.78	PWR	Quanta Services	Pair Corr
0.77	EME	EMCOR Group	Pair Corr
0.76	ORN	Orion Group Holdings	Pair Corr
0.76	IESC	IES Holdings	Pair Corr
0.74	MYRG	MYR Group	Pair Corr
0.7	ESOA	Energy Services Downward Rally	Pair Corr
0.62	J	Jacobs Solutions	Pair Corr
0.62	ACA	Arcosa Inc	Pair Corr
0.46	JUNE	Junee Limited Ordinary Symbol Change	Pair Corr
0.4	MSW	Ming Shing Group	Pair Corr
0.86	CW	Curtiss Wright	Pair Corr
0.84	AP	Ampco Pittsburgh	Pair Corr
0.82	NVEE	NV5 Global	Pair Corr
0.8	ONEG	OneConstruction Group Trending	Pair Corr
0.8	AMRC	Ameresco	Pair Corr
0.8	BWMN	Bowman Consulting	Pair Corr
0.79	ROAD	Construction Partners	Pair Corr
0.79	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.78	SLND	Southland Holdings	Pair Corr
0.78	STRL	Sterling Construction	Pair Corr
0.75	AL	Air Lease	Pair Corr
0.75	CP	Canadian Pacific Railway	Pair Corr
0.74	PRIM	Primoris Services	Pair Corr

Related Correlations Analysis

	INFU	BXP	PEB-PH	RBC	ERFB	BYD	DENN
INFU		0.78	-0.12	0.71	0.0	0.65	0.61	INFU
BXP	0.78		0.07	0.74	0.0	0.72	0.65	BXP
PEB-PH	-0.12	0.07		-0.02	0.0	0.13	0.11	PEB-PH
RBC	0.71	0.74	-0.02		0.0	0.94	0.68	RBC
ERFB	0.0	0.0	0.0	0.0		0.0	0.0	ERFB
BYD	0.65	0.72	0.13	0.94	0.0		0.78	BYD
DENN	0.61	0.65	0.11	0.68	0.0	0.78		DENN
	INFU	BXP	PEB-PH	RBC	ERFB	BYD	DENN

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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

BYD	+ 0.94	RBC
BXP	+ 0.78	INFU
DENN	+ 0.78	BYD
RBC	+ 0.74	BXP
BYD	+ 0.72	BXP
RBC	+ 0.71	INFU

High negative correlations

PEB-PH	- 0.12	INFU
RBC	- 0.02	PEB-PH
DENN	- 0.0	ERFB
BYD	- 0.0	ERFB
ERFB	- 0.0	RBC
ERFB	- 0.0	PEB-PH

Risk-Adjusted Indicators

There is a big difference between Founder Stock performing well and Founder Group 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 Founder Group'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
INFU	2.44	0.15	0.05	0.20	2.94	(2.77)	5.63	(4.13)	21.88
BXP	1.55	0.09	0.04	0.09	2.10	(1.58)	3.72	(3.19)	12.18
PEB-PH	1.11	(0.02)	0.00	(0.07)	0.00	0.00	2.09	(2.09)	8.71
RBC	1.43	0.10	0.06	0.11	1.70	(1.55)	3.28	(2.64)	13.18
ERFB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYD	1.45	0.14	0.08	0.14	1.70	(1.61)	3.22	(2.50)	15.91
DENN	2.94	0.18	0.04	0.21	3.96	(3.24)	5.54	(6.19)	21.45

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