FGI Industries Correlations

FGI Stock

USD 0.85 0.01 1.16%

The current 90-days correlation between FGI Industries and Yoshitsu Co Ltd is -0.14 (i.e., Good diversification). The correlation of FGI Industries 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.

FGI Industries Correlation With Market

Very good diversification

The correlation between FGI Industries and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FGI Industries 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 FGI Industries. 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.

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

Moving together with FGI Stock

0.62

SharkNinja,

Pair Corr

Moving against FGI Stock

0.42	AMWD	American Woodmark Earnings Call Today	Pair Corr
0.41	FLXS	Flexsteel Industries	Pair Corr
0.41	ATER	Aterian	Pair Corr
0.38	HOFT	Hooker Furniture	Pair Corr
0.36	LOVE	Lovesac	Pair Corr
0.57	FL	Foot Locker Earnings Call This Week	Pair Corr
0.47	GM	General Motors	Pair Corr
0.39	LE	Lands End Upward Rally	Pair Corr
0.36	M	Macys Inc Earnings Call Today	Pair Corr
0.35	COOK	Traeger	Pair Corr
0.33	F	Ford Motor Earnings Call Today	Pair Corr
0.31	CRWS	Crown Crafts	Pair Corr

Related Correlations Analysis

	FGF	TKLF	HOUR	DRCT	MTEK
FGF		-0.41	-0.56	-0.19	-0.58	FGF
TKLF	-0.41		-0.04	-0.27	-0.04	TKLF
HOUR	-0.56	-0.04		0.49	0.57	HOUR
DRCT	-0.19	-0.27	0.49		0.41	DRCT
MTEK	-0.58	-0.04	0.57	0.41		MTEK
	FGF	TKLF	HOUR	DRCT	MTEK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MTEK	+ 0.57	HOUR
DRCT	+ 0.49	HOUR
MTEK	+ 0.41	DRCT

High negative correlations

MTEK	- 0.58	FGF
HOUR	- 0.56	FGF
TKLF	- 0.41	FGF
DRCT	- 0.27	TKLF
DRCT	- 0.19	FGF
MTEK	- 0.04	TKLF

Risk-Adjusted Indicators

There is a big difference between FGI Stock performing well and FGI Industries 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 FGI Industries' 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
FGF	4.71	(0.52)	0.00	(2.44)	0.00	0.00	11.45	(11.31)	26.81
TKLF	3.96	0.66	0.16	1.03	3.69	(4.72)	11.54	(6.43)	30.65
HOUR	8.08	1.86	0.29	2.19	5.52	(13.68)	12.33	(10.27)	228.92
DRCT	28.07	10.11	0.98	0.47	8.23	(59.56)	10.48	(16.28)	932.55
MTEK	6.79	0.86	0.12	5.46	6.20	(9.82)	21.46	(10.25)	55.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC