Frontdoor Correlations

FTDR Stock  USD 61.26  0.98  1.63%   
The current 90-days correlation between Frontdoor and Sealed Air is 0.01 (i.e., Significant diversification). The correlation of Frontdoor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Frontdoor Correlation With Market

Modest diversification

The correlation between Frontdoor and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontdoor and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
To learn how to invest in Frontdoor Stock, please use our How to Invest in Frontdoor guide.

Moving together with Frontdoor Stock

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  0.67EEIQ Elite Education GroupPairCorr
  0.86ADT ADT IncPairCorr
  0.85CSV Carriage ServicesPairCorr
  0.61EDU New Oriental EducationPairCorr
  0.78LRN Stride IncPairCorr
  0.8STG Sunlands TechnologyPairCorr
  0.79IEL Idp EducationPairCorr
  0.72ZSPC zSpace Common stockPairCorr
  0.9LOPE Grand Canyon EducationPairCorr
  0.75NAMI Jinxin Technology HoldingPairCorr
  0.85PRDO Perdoceo Education CorpPairCorr
  0.69000526 Xiamen Insight InvestmentPairCorr
  0.73ALUR Allurion TechnologiesPairCorr
  0.86ATGE Adtalem Global EducationPairCorr

Moving against Frontdoor Stock

  0.34605098 Shanghai Action EducationPairCorr
  0.8MFD Mayfield ChildcarePairCorr
  0.67EC Ecopetrol SA ADRPairCorr
  0.63BEDU Bright Scholar EducationPairCorr
  0.41PTAIY Astra International TbkPairCorr

Related Correlations Analysis


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

EATGOLF
GPIABG
CROXEAT
EATSEE
CROXGOLF
GOLFSEE
  

High negative correlations

GPKSEE
GPISEE
EATGPK
ABGREYN
EATREYN
GPIREYN

Risk-Adjusted Indicators

There is a big difference between Frontdoor Stock performing well and Frontdoor 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 Frontdoor'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SEE  1.18  0.31  0.15 (0.50) 0.91 
 2.30 
 19.98 
GPK  1.59 (0.31) 0.00 (0.24) 0.00 
 3.59 
 17.54 
REYN  0.96 (0.10) 0.00 (0.10) 0.00 
 2.08 
 9.71 
GOLF  1.25  0.02  0.03  0.10  1.27 
 2.91 
 6.55 
EAT  2.28  0.30  0.11  0.40  2.41 
 6.16 
 12.14 
MTH  1.52  0.02  0.03  0.10  1.65 
 3.96 
 9.87 
CROX  1.98  0.17  0.02 (0.24) 2.33 
 4.81 
 12.45 
BFAM  1.66  0.02 (0.03) 0.68  1.96 
 3.48 
 23.49 
ABG  1.45 (0.03) 0.00  0.06  1.64 
 3.11 
 8.25 
GPI  1.31 (0.16) 0.00 (0.11) 0.00 
 2.79 
 10.14 

Frontdoor Corporate Management

Evan IversonSenior OfficerProfile
Sally ShanksController OfficerProfile
Raj MidhaChief Marketing Officer and Strategy OfficerProfile
Meredith DiagostinoVice OfficerProfile