Fundamental Global Correlations

FGF Stock

USD 18.12 0.38 2.05%

The correlation of Fundamental Global 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.

Fundamental Global Correlation With Market

Very good diversification

The correlation between Fundamental Global and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental 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 Fundamental 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 price.

Moving together with Fundamental Stock

0.61	ACGLN	Arch Capital Group	Pair Corr
0.61	ACGLO	Arch Capital Group	Pair Corr

Moving against Fundamental Stock

0.59	AIG	American International	Pair Corr
0.58	ATH-PC	Athene Holding	Pair Corr
0.55	HIG	Hartford Financial	Pair Corr
0.54	WDH	Waterdrop ADR	Pair Corr
0.43	ESGR	Enstar Group Limited	Pair Corr
0.53	CB	Chubb	Pair Corr
0.44	CNO-PA	CNO Financial Group	Pair Corr
0.36	FGFPP	Fundamental Global	Pair Corr
0.31	MBCN	Middlefield Banc	Pair Corr

Related Correlations Analysis

	IGIC	BBSEY	GSHD	ESGR	EQH	ACGL	WDH	HIG	SLF
IGIC		0.66	0.55	0.71	0.72	-0.37	0.6	0.52	-0.43	IGIC
BBSEY	0.66		0.66	0.79	0.54	-0.09	0.79	0.86	-0.37	BBSEY
GSHD	0.55	0.66		0.75	0.51	-0.28	0.42	0.67	-0.67	GSHD
ESGR	0.71	0.79	0.75		0.61	-0.35	0.67	0.76	-0.67	ESGR
EQH	0.72	0.54	0.51	0.61		-0.03	0.3	0.4	-0.33	EQH
ACGL	-0.37	-0.09	-0.28	-0.35	-0.03		-0.25	0.1	0.44	ACGL
WDH	0.6	0.79	0.42	0.67	0.3	-0.25		0.69	-0.2	WDH
HIG	0.52	0.86	0.67	0.76	0.4	0.1	0.69		-0.4	HIG
SLF	-0.43	-0.37	-0.67	-0.67	-0.33	0.44	-0.2	-0.4		SLF
	IGIC	BBSEY	GSHD	ESGR	EQH	ACGL	WDH	HIG	SLF

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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

HIG	+ 0.86	BBSEY
ESGR	+ 0.79	BBSEY
WDH	+ 0.79	BBSEY
HIG	+ 0.76	ESGR
ESGR	+ 0.75	GSHD
EQH	+ 0.72	IGIC

High negative correlations

SLF	- 0.67	ESGR
SLF	- 0.67	GSHD
SLF	- 0.43	IGIC
SLF	- 0.4	HIG
SLF	- 0.37	BBSEY
ACGL	- 0.37	IGIC

Risk-Adjusted Indicators

There is a big difference between Fundamental Stock performing well and Fundamental Global 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 Fundamental Global'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
IGIC	1.62	0.18	0.11	0.59	1.96	(1.67)	2.89	(2.89)	8.27
BBSEY	1.16	0.42	0.22	1.89	1.50	(1.39)	2.87	(1.42)	9.88
GSHD	2.13	0.22	0.08	0.12	2.40	(2.41)	4.49	(4.92)	21.17
ESGR	0.14	0.04	0.59	3.71	0.00	(0.17)	0.41	(0.21)	1.38
EQH	1.39	0.18	0.11	(0.88)	2.01	(1.31)	2.97	(3.67)	9.18
ACGL	1.05	0.00	0.05	0.13	1.21	(1.15)	2.65	(2.08)	6.24
WDH	2.39	0.42	0.15	2.35	2.56	(3.22)	6.25	(4.79)	21.17
HIG	0.86	0.14	0.19	(6.51)	0.88	(0.96)	2.05	(1.37)	5.00
SLF	0.86	(0.05)	0.00	(0.16)	0.00	0.00	1.54	(2.11)	8.71

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