Falcons Beyond Correlations

FBYD Stock

8.51 0.19 2.28%

The current 90-days correlation between Falcons Beyond Global, and Viemed Healthcare is 0.04 (i.e., Significant diversification). The correlation of Falcons Beyond 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.

Falcons Beyond Correlation With Market

Significant diversification

The correlation between Falcons Beyond Global, and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Falcons Beyond Global, 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 Falcons Beyond Global,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving against Falcons Stock

0.77	AP	Ampco Pittsburgh	Pair Corr
0.67	CP	Canadian Pacific Railway	Pair Corr
0.61	J	Jacobs Solutions	Pair Corr
0.58	DY	Dycom Industries	Pair Corr
0.54	GFF	Griffon	Pair Corr
0.5	CR	Crane Company	Pair Corr
0.46	R	Ryder System	Pair Corr
0.42	FA	First Advantage Corp	Pair Corr
0.36	MMM	3M Company	Pair Corr
0.33	BV	BrightView Holdings	Pair Corr
0.31	CW	Curtiss Wright	Pair Corr
0.72	HI	Hillenbrand	Pair Corr
0.6	HY	Hyster Yale Materials	Pair Corr
0.57	PH	Parker Hannifin	Pair Corr
0.5	PL	Planet Labs PBC Earnings Call Tomorrow	Pair Corr
0.48	RR	Richtech Robotics Class Buyout Trend	Pair Corr
0.46	TH	Target Hospitality Corp	Pair Corr
0.44	VATE	Innovate Corp	Pair Corr
0.43	DLHC	DLH Holdings Corp	Pair Corr
0.41	OP	Oceanpal	Pair Corr
0.37	IR	Ingersoll Rand	Pair Corr
0.34	KE	Kimball Electronics	Pair Corr

Related Correlations Analysis

	HCM	ALVO	PTEN	VMD	DKDRF	CAH	TS	MMSI
HCM		-0.66	-0.44	-0.56	0.33	0.09	-0.33	-0.51	HCM
ALVO	-0.66		0.66	0.65	-0.62	-0.25	0.39	0.15	ALVO
PTEN	-0.44	0.66		0.23	-0.14	0.36	0.71	0.38	PTEN
VMD	-0.56	0.65	0.23		-0.52	-0.42	0.07	0.18	VMD
DKDRF	0.33	-0.62	-0.14	-0.52		0.63	-0.22	0.4	DKDRF
CAH	0.09	-0.25	0.36	-0.42	0.63		0.42	0.56	CAH
TS	-0.33	0.39	0.71	0.07	-0.22	0.42		0.36	TS
MMSI	-0.51	0.15	0.38	0.18	0.4	0.56	0.36		MMSI
	HCM	ALVO	PTEN	VMD	DKDRF	CAH	TS	MMSI

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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

TS	+ 0.71	PTEN
PTEN	+ 0.66	ALVO
VMD	+ 0.65	ALVO
CAH	+ 0.63	DKDRF
MMSI	+ 0.56	CAH
TS	+ 0.42	CAH

High negative correlations

ALVO	- 0.66	HCM
DKDRF	- 0.62	ALVO
VMD	- 0.56	HCM
DKDRF	- 0.52	VMD
MMSI	- 0.51	HCM
PTEN	- 0.44	HCM

Risk-Adjusted Indicators

There is a big difference between Falcons Stock performing well and Falcons Beyond 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 Falcons Beyond'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
HCM	2.52	0.08	0.03	0.15	3.14	(2.67)	6.29	(5.23)	15.30
ALVO	1.52	(0.03)	0.00	0.05	0.00	0.00	4.44	(3.16)	11.96
PTEN	2.26	0.26	0.09	0.21	2.69	(2.57)	5.03	(4.04)	14.39
VMD	1.43	(0.24)	0.00	(0.52)	0.00	0.00	2.40	(2.40)	8.31
DKDRF	0.94	0.11	0.03	(0.60)	1.83	(1.94)	2.15	(2.72)	16.08
CAH	0.77	0.23	0.20	0.36	0.94	(0.82)	1.82	(2.03)	6.21
TS	1.18	0.09	0.07	0.08	1.41	(1.29)	2.71	(2.32)	8.71
MMSI	1.26	0.08	0.05	0.04	1.47	(1.35)	2.95	(2.72)	7.42

Falcons Beyond Corporate Management

Daryl White	Executive Development	Profile
Yvette Whittaker	Chief Officer	Profile
Toni Caracciolo	Executive Branding	Profile
David Schaefer	Chief Officer	Profile
Crystal Fahmie	Vice Capital	Profile

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