Ferguson Plc Correlations

FERG Stock

USD 163.90 0.69 0.42%

The current 90-days correlation between Ferguson Plc and Fastenal Company is 0.51 (i.e., Very weak diversification). The correlation of Ferguson Plc 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.

Ferguson Plc Correlation With Market

Very weak diversification

The correlation between Ferguson Plc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferguson Plc 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 Ferguson Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Ferguson Stock please use our How to Invest in Ferguson Plc guide.

Moving together with Ferguson Stock

0.9	AIT	Applied Industrial	Pair Corr
0.77	BXC	BlueLinx Holdings	Pair Corr
0.74	GIC	Global Industrial	Pair Corr
0.72	GWW	WW Grainger	Pair Corr
0.86	WCC	WESCO International	Pair Corr
0.85	SITE	SiteOne Landscape Supply	Pair Corr
0.74	J	Jacobs Solutions	Pair Corr
0.83	R	Ryder System	Pair Corr
0.66	BA	Boeing	Pair Corr
0.66	BV	BrightView Holdings	Pair Corr
0.66	CR	Crane Company	Pair Corr
0.74	DY	Dycom Industries	Pair Corr
0.85	FA	First Advantage Corp	Pair Corr
0.71	FC	Franklin Covey Earnings Call This Week	Pair Corr

Moving against Ferguson Stock

0.58	BZ	Kanzhun Ltd ADR	Pair Corr
0.5	WCC-PA	WESCO International	Pair Corr
0.56	VACH	Voyager Acquisition Corp	Pair Corr
0.4	SB	Safe Bulkers	Pair Corr
0.32	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	DXPE	AIT	GIC	MSM	POOL	FAST	GWW	WSO	CNM	SITE
DXPE		0.67	0.01	0.58	-0.05	-0.18	0.19	-0.15	0.81	0.57	DXPE
AIT	0.67		0.58	0.67	0.33	-0.03	0.6	-0.13	0.86	0.83	AIT
GIC	0.01	0.58		0.34	0.71	0.24	0.91	0.07	0.52	0.78	GIC
MSM	0.58	0.67	0.34		0.41	0.44	0.38	0.27	0.58	0.62	MSM
POOL	-0.05	0.33	0.71	0.41		0.64	0.6	0.46	0.26	0.58	POOL
FAST	-0.18	-0.03	0.24	0.44	0.64		0.05	0.77	-0.18	0.13	FAST
GWW	0.19	0.6	0.91	0.38	0.6	0.05		-0.13	0.68	0.79	GWW
WSO	-0.15	-0.13	0.07	0.27	0.46	0.77	-0.13		-0.26	0.03	WSO
CNM	0.81	0.86	0.52	0.58	0.26	-0.18	0.68	-0.26		0.85	CNM
SITE	0.57	0.83	0.78	0.62	0.58	0.13	0.79	0.03	0.85		SITE
	DXPE	AIT	GIC	MSM	POOL	FAST	GWW	WSO	CNM	SITE

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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

GWW	+ 0.91	GIC
CNM	+ 0.86	AIT
SITE	+ 0.85	CNM
SITE	+ 0.83	AIT
CNM	+ 0.81	DXPE
SITE	+ 0.79	GWW

High negative correlations

CNM	- 0.26	WSO
CNM	- 0.18	FAST
FAST	- 0.18	DXPE
WSO	- 0.15	DXPE
WSO	- 0.13	GWW
WSO	- 0.13	AIT

Risk-Adjusted Indicators

There is a big difference between Ferguson Stock performing well and Ferguson Plc 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 Ferguson Plc'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
DXPE	2.54	0.29	0.08	0.14	3.27	(2.59)	5.24	(5.28)	15.13
AIT	1.38	(0.13)	0.00	(0.17)	0.00	0.00	2.59	(3.87)	10.46
GIC	1.29	(0.20)	0.00	(0.27)	0.00	0.00	2.18	(3.34)	7.35
MSM	1.38	0.00	0.00	(0.07)	0.00	0.00	3.33	(2.81)	7.60
POOL	1.30	(0.17)	0.00	(0.29)	0.00	0.00	2.38	(2.74)	9.46
FAST	1.03	0.00	0.00	(0.07)	0.00	0.00	2.13	(1.94)	7.58
GWW	0.96	(0.19)	0.00	(0.34)	0.00	0.00	1.19	(2.13)	7.86
WSO	1.26	0.05	0.05	0.00	1.50	(1.44)	2.74	(2.89)	13.32
CNM	1.24	(0.05)	0.00	(0.12)	0.00	0.00	2.53	(2.77)	8.03
SITE	1.56	(0.19)	0.00	(0.27)	0.00	0.00	3.12	(3.42)	8.22

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