First Advantage Correlations

FA Stock

USD 13.51 0.44 3.15%

The current 90-days correlation between First Advantage Corp and Civeo Corp is 0.52 (i.e., Very weak diversification). The correlation of First Advantage 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.

First Advantage Correlation With Market

Modest diversification

The correlation between First Advantage Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Advantage Corp 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 First Advantage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with First Stock

0.84	BCO	Brinks Company	Pair Corr
0.79	BRC	Brady	Pair Corr
0.71	DLX	Deluxe	Pair Corr
0.64	MATW	Matthews International	Pair Corr
0.91	RPAY	Repay Holdings Corp	Pair Corr
0.68	ASGN	ASGN Inc	Pair Corr
0.82	CLVT	CLARIVATE PLC	Pair Corr
0.79	J	Jacobs Solutions	Pair Corr
0.76	R	Ryder System	Pair Corr
0.79	BA	Boeing	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr
0.73	BW	Babcock Wilcox Enter	Pair Corr
0.62	CW	Curtiss Wright	Pair Corr
0.85	DY	Dycom Industries	Pair Corr
0.82	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.86	HI	Hillenbrand	Pair Corr
0.89	HY	Hyster Yale Materials	Pair Corr
0.76	IR	Ingersoll Rand	Pair Corr
0.62	KE	Kimball Electronics	Pair Corr

Moving against First Stock

0.33	WNS	WNS Holdings	Pair Corr
0.77	BZ	Kanzhun Ltd ADR	Pair Corr
0.61	SB	Safe Bulkers	Pair Corr
0.59	PC	Premium Catering	Pair Corr
0.52	LZ	LegalZoom	Pair Corr
0.41	EH	Ehang Holdings	Pair Corr
0.32	GD	General Dynamics	Pair Corr

Related Correlations Analysis

	PFSW	DPUI	CASS	CVEO	NTIP	MMS	AZZ	CBZ	RTO	BV
PFSW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
DPUI	0.0		-0.01	0.58	0.03	0.15	0.25	0.6	0.4	0.36	DPUI
CASS	0.0	-0.01		0.08	-0.15	-0.86	0.67	-0.19	0.15	-0.56	CASS
CVEO	0.0	0.58	0.08		0.24	0.03	0.59	0.67	0.47	0.06	CVEO
NTIP	0.0	0.03	-0.15	0.24		0.09	0.04	0.01	-0.2	-0.29	NTIP
MMS	0.0	0.15	-0.86	0.03	0.09		-0.54	0.4	-0.03	0.71	MMS
AZZ	0.0	0.25	0.67	0.59	0.04	-0.54		0.33	0.43	-0.3	AZZ
CBZ	0.0	0.6	-0.19	0.67	0.01	0.4	0.33		0.72	0.62	CBZ
RTO	0.0	0.4	0.15	0.47	-0.2	-0.03	0.43	0.72		0.44	RTO
BV	0.0	0.36	-0.56	0.06	-0.29	0.71	-0.3	0.62	0.44		BV
	PFSW	DPUI	CASS	CVEO	NTIP	MMS	AZZ	CBZ	RTO	BV

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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

RTO	+ 0.72	CBZ
BV	+ 0.71	MMS
AZZ	+ 0.67	CASS
CBZ	+ 0.67	CVEO
BV	+ 0.62	CBZ
CBZ	+ 0.6	DPUI

High negative correlations

MMS	- 0.86	CASS
BV	- 0.56	CASS
AZZ	- 0.54	MMS
BV	- 0.3	AZZ
BV	- 0.29	NTIP
RTO	- 0.2	NTIP

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Advantage 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 First Advantage'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
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPUI	14.65	3.12	0.06	0.53	15.71	(83.33)	100.00	(50.00)	150.00
CASS	1.13	0.03	0.00	(0.03)	0.00	0.00	2.58	(2.61)	8.63
CVEO	1.81	(0.05)	0.00	(0.43)	0.00	0.00	3.79	(3.18)	25.93
NTIP	1.48	0.23	0.11	0.40	1.77	(1.89)	3.25	(2.22)	10.73
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72
AZZ	1.56	(0.11)	0.00	(0.17)	0.00	0.00	3.13	(3.47)	10.31
CBZ	1.21	(0.08)	0.00	(0.17)	0.00	0.00	2.03	(3.27)	7.72
RTO	1.49	(0.15)	0.00	(0.19)	0.00	0.00	2.28	(3.67)	13.47
BV	1.62	(0.29)	0.00	(0.35)	0.00	0.00	3.69	(3.65)	12.01

First Advantage Corporate Management

Scott Staples	CEO Director	Profile
Victor Sachs	Senior Transformation	Profile
Michael Pilnick	Chief Officer	Profile
Joelle Smith	Technology Data	Profile
Steven Marks	Chief Officer	Profile
Ron Douglas	Chief Officer	Profile

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