Founder Group Correlations

FGL Stock

0.39 0.02 3.90%

The current 90-days correlation between Founder Group Limited and Surf Air Mobility is -0.09 (i.e., Good 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

Significant diversification

The correlation between Founder Group Limited and DJI is 0.07 (i.e., Significant 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.

Build AI portfolio with Founder Stock

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 rate.

Moving together with Founder Stock

0.78	300284	Jsti Group	Pair Corr
0.79	002551	Shenzhen Glory Medical	Pair Corr
0.63	GVA	Granite Construction	Pair Corr
0.69	603176	Huitong Construction	Pair Corr
0.74	MANINFRA	Man Infraconstruction	Pair Corr
0.78	300732	Henan Provincial Com	Pair Corr
0.74	PNCINFRA	PNC Infratech Limited	Pair Corr

Moving against Founder Stock

0.88	JFB	JFB Construction Holdings	Pair Corr
0.75	DRT	DIRTT Environmental	Pair Corr
0.72	600496	Changjiang Jinggong Steel	Pair Corr
0.71	ECG	Everus Construction	Pair Corr
0.68	002062	Hongrun Construction	Pair Corr
0.63	002822	Shenzhen Zhongzhuang	Pair Corr
0.5	PGINVIT-IV	POWERGRID Infrastructure	Pair Corr
0.44	600512	Tengda Construction	Pair Corr
0.41	002307	Xinjiang Beixin Road	Pair Corr
0.41	000809	Tieling Newcity Inve	Pair Corr
0.36	J	Jacobs Solutions	Pair Corr
0.82	603843	Zhengping RoadBridge	Pair Corr
0.61	STRL	Sterling Construction	Pair Corr
0.61	STI	Solidion Technology	Pair Corr
0.45	BDT	Bird Construction	Pair Corr
0.44	600853	Longjian Road Bridge	Pair Corr
0.43	002659	Beijing Kaiwen Education	Pair Corr
0.4	PNGM	Er Therapeutics	Pair Corr
0.35	NNAX	New Momentum	Pair Corr
0.32	600477	Hang Xiao Steel	Pair Corr

Related Correlations Analysis

	SRFM	HOFT	DINO	BZH	MFGCF	EJH	RYAAY
SRFM		-0.45	-0.55	0.54	-0.18	0.65	-0.56	SRFM
HOFT	-0.45		0.04	0.21	-0.1	0.08	-0.23	HOFT
DINO	-0.55	0.04		-0.58	0.32	-0.54	0.28	DINO
BZH	0.54	0.21	-0.58		-0.41	0.73	-0.56	BZH
MFGCF	-0.18	-0.1	0.32	-0.41		-0.43	0.18	MFGCF
EJH	0.65	0.08	-0.54	0.73	-0.43		-0.64	EJH
RYAAY	-0.56	-0.23	0.28	-0.56	0.18	-0.64		RYAAY
	SRFM	HOFT	DINO	BZH	MFGCF	EJH	RYAAY

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

EJH	+ 0.73	BZH
EJH	+ 0.65	SRFM
BZH	+ 0.54	SRFM
MFGCF	+ 0.32	DINO
RYAAY	+ 0.28	DINO
BZH	+ 0.21	HOFT

High negative correlations

RYAAY	- 0.64	EJH
BZH	- 0.58	DINO
RYAAY	- 0.56	BZH
RYAAY	- 0.56	SRFM
DINO	- 0.55	SRFM
EJH	- 0.54	DINO

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
SRFM	3.63	(1.25)	0.00	(0.44)	0.00	0.00	6.09	(7.24)	20.95
HOFT	2.02	0.13	0.03	1.08	2.76	(1.90)	3.73	(3.86)	14.16
DINO	1.43	0.08	0.02	0.31	1.59	(1.63)	3.46	(2.86)	7.38
BZH	1.63	(0.25)	0.00	(0.08)	0.00	0.00	3.24	(3.19)	13.51
MFGCF	3.17	0.50	0.13	0.90	2.96	(4.42)	6.96	(4.40)	19.11
EJH	2.93	(0.64)	0.00	(0.20)	0.00	0.00	6.25	(7.07)	27.92
RYAAY	1.30	0.10	0.05	0.19	1.43	(1.41)	3.74	(2.60)	6.85

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