FTI Consulting Correlations

FCN Stock

USD 160.09 1.81 1.12%

The current 90-days correlation between FTI Consulting and Huron Consulting Group is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FTI Consulting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FTI Consulting moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FTI Consulting Correlation With Market

Modest diversification

The correlation between FTI Consulting 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 FTI Consulting 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 FTI Consulting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in FTI Stock, please use our How to Invest in FTI Consulting guide.

Moving together with FTI Stock

0.9	BV	BrightView Holdings	Pair Corr
0.78	FA	First Advantage Corp	Pair Corr
0.64	WFCF	Where Food Comes	Pair Corr
0.9	AXR	AMREP	Pair Corr
0.67	CBZ	CBIZ Inc	Pair Corr
0.93	FORR	Forrester Research	Pair Corr
0.92	CLH	Clean Harbors	Pair Corr
0.9	DLX	Deluxe	Pair Corr
0.65	KFY	Korn Ferry	Pair Corr
0.68	MMS	Maximus	Pair Corr
0.79	RHI	Robert Half International	Pair Corr
0.88	SOS	SOS Limited	Pair Corr
0.94	TBI	TrueBlue	Pair Corr
0.66	HSII	Heidrick Struggles	Pair Corr
0.86	HSON	Hudson Global	Pair Corr
0.77	KFRC	Kforce Inc	Pair Corr

Moving against FTI Stock

0.57	VSEC	VSE Corporation	Pair Corr
0.5	GFL	Gfl Environmental	Pair Corr
0.4	MG	Mistras Group	Pair Corr
0.79	RSG	Republic Services	Pair Corr
0.78	NSP	Insperity	Pair Corr
0.74	ROL	Rollins	Pair Corr
0.68	PBI	Pitney Bowes	Pair Corr
0.6	KAR	KAR Auction Services	Pair Corr
0.51	WCN	Waste Connections	Pair Corr
0.42	CASS	Cass Information Systems	Pair Corr
0.4	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.32	HDSN	Hudson Technologies	Pair Corr

Related Correlations Analysis

	FORR	HURN	ICFI	FC	CRAI	EXPO
FORR		-0.87	0.93	0.83	0.11	0.91	FORR
HURN	-0.87		-0.86	-0.76	-0.24	-0.76	HURN
ICFI	0.93	-0.86		0.66	0.05	0.92	ICFI
FC	0.83	-0.76	0.66		0.31	0.73	FC
CRAI	0.11	-0.24	0.05	0.31		0.13	CRAI
EXPO	0.91	-0.76	0.92	0.73	0.13		EXPO
	FORR	HURN	ICFI	FC	CRAI	EXPO

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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

ICFI	+ 0.93	FORR
EXPO	+ 0.92	ICFI
EXPO	+ 0.91	FORR
FC	+ 0.83	FORR
EXPO	+ 0.73	FC
FC	+ 0.66	ICFI

High negative correlations

HURN	- 0.87	FORR
ICFI	- 0.86	HURN
EXPO	- 0.76	HURN
FC	- 0.76	HURN
CRAI	- 0.24	HURN

Risk-Adjusted Indicators

There is a big difference between FTI Stock performing well and FTI Consulting 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 FTI Consulting'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
FORR	2.05	(0.73)	0.00	(0.79)	0.00	0.00	3.02	(4.19)	15.73
HURN	1.52	0.39	0.23	0.41	1.49	(1.75)	2.63	(2.86)	21.61
ICFI	1.88	(0.56)	0.00	0.96	0.00	0.00	3.96	(3.64)	24.76
FC	1.72	(0.27)	0.00	(0.32)	0.00	0.00	2.59	(3.17)	13.98
CRAI	1.90	(0.01)	0.00	(0.11)	0.00	0.00	2.85	(3.75)	17.71
EXPO	0.96	(0.19)	0.00	(0.45)	0.00	0.00	1.71	(2.07)	5.51

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