Federal Signal Correlations
| FSG Stock | EUR 89.00 2.00 2.20% |
The current 90-days correlation between Federal Signal and Kurita Water Industries is 0.1 (i.e., Average diversification). The correlation of Federal Signal 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.
Federal Signal Correlation With Market
Modest diversification
The correlation between Federal Signal and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federal Signal and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Federal Signal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federal Signal 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 Federal Signal - 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 Federal Signal to buy it.
Moving together with Federal Stock
| 0.85 | KWI | Kurita Water Industries | PairCorr |
| 0.84 | KWI0 | KURITA WTR INDUNSPADR | PairCorr |
| 0.72 | 68C | CHINA CH VENT | PairCorr |
| 0.82 | 4YQ | GVS SPA | PairCorr |
| 0.66 | 1MS | Munters Group AB | PairCorr |
| 0.65 | HZS | Hitachi Zosen | PairCorr |
| 0.9 | WCE | CECO Environmental Corp | PairCorr |
| 0.9 | AMZ | Amazon Inc | PairCorr |
| 0.92 | AMZ | Amazon Inc | PairCorr |
| 0.85 | HHP2 | Hon Hai Precision | PairCorr |
| 0.69 | DWNI | Deutsche Wohnen SE | PairCorr |
| 0.74 | 06MA | Materialise NV Earnings Call This Week | PairCorr |
| 0.77 | LA3A | Laureate Education | PairCorr |
| 0.66 | CNB0 | FORTRESS BIOTECHPRFA | PairCorr |
| 0.92 | EBO | Erste Group Bank | PairCorr |
| 0.85 | UVD | Universal Display | PairCorr |
| 0.89 | KGX1 | KION GROUP AG | PairCorr |
| 0.88 | 36N | NEW MILLENNIUM IRON | PairCorr |
| 0.8 | AWG | Asbury Automotive | PairCorr |
| 0.82 | 4OQ1 | AGNC INVESTMENT Earnings Call This Week | PairCorr |
| 0.77 | CWW | Commonwealth Bank | PairCorr |
| 0.64 | BZB | Contact Energy | PairCorr |
| 0.72 | AZU | EBRO FOODS | PairCorr |
| 0.81 | 4JP | Japan Post Insurance | PairCorr |
Related Correlations Analysis
| 0.94 | 0.52 | 0.85 | 0.64 | 0.21 | 0.82 | KWI | ||
| 0.94 | 0.51 | 0.84 | 0.64 | 0.31 | 0.78 | KWI0 | ||
| 0.52 | 0.51 | 0.72 | 0.67 | 0.58 | 0.63 | 68C | ||
| 0.85 | 0.84 | 0.72 | 0.82 | 0.44 | 0.9 | FSG | ||
| 0.64 | 0.64 | 0.67 | 0.82 | 0.42 | 0.65 | 4YQ | ||
| 0.21 | 0.31 | 0.58 | 0.44 | 0.42 | 0.32 | 18RA | ||
| 0.82 | 0.78 | 0.63 | 0.9 | 0.65 | 0.32 | WCE | ||
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Risk-Adjusted Indicators
There is a big difference between Federal Stock performing well and Federal Signal 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 Federal Signal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KWI | 1.21 | 0.27 | 0.07 | (0.54) | 1.04 | 2.41 | 14.84 | |||
| KWI0 | 1.25 | 0.11 | 0.04 | 0.36 | 0.99 | 2.44 | 16.12 | |||
| 68C | 3.36 | 0.57 | 0.09 | (0.91) | 3.29 | 8.70 | 23.90 | |||
| FSG | 2.65 | 0.36 | 0.09 | 0.58 | 3.32 | 5.88 | 21.25 | |||
| 4YQ | 1.76 | 0.38 | 0.08 | (0.78) | 2.21 | 4.16 | 13.84 | |||
| 18RA | 2.26 | 0.10 | 0.03 | 0.25 | 2.49 | 5.08 | 15.31 | |||
| WCE | 2.33 | 0.66 | 0.17 | 2.57 | 2.45 | 5.80 | 21.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Federal Signal 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?
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Federal Signal Corporate Management
Elected by the shareholders, the Federal Signal's board of directors comprises two types of representatives: Federal Signal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Federal. The board's role is to monitor Federal Signal's management team and ensure that shareholders' interests are well served. Federal Signal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Federal Signal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ian Hudson | VP CFO | Profile | |
| Mark Weber | VP COO | Profile | |
| Lauren Elting | Co VP | Profile | |
| Jennifer Sherman | CEO Pres | Profile | |
| Diane Bonina | Gen VP | Profile |