FGI Industries Correlations

FGI Stock

USD 0.80 0.05 6.67%

The current 90-days correlation between FGI Industries and Yoshitsu Co Ltd is 0.28 (i.e., Modest 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

Good diversification

The correlation between FGI Industries and DJI is -0.2 (i.e., 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 against FGI Stock

0.39

Ihuman Inc

Pair Corr

Related Correlations Analysis

	FGF	TKLF	HOUR	DRCT	MTEK
FGF		0.3	-0.07	-0.01	0.28	FGF
TKLF	0.3		-0.03	-0.18	-0.24	TKLF
HOUR	-0.07	-0.03		0.54	0.48	HOUR
DRCT	-0.01	-0.18	0.54		0.51	DRCT
MTEK	0.28	-0.24	0.48	0.51		MTEK
	FGF	TKLF	HOUR	DRCT	MTEK

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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

DRCT	+ 0.54	HOUR
MTEK	+ 0.51	DRCT
MTEK	+ 0.48	HOUR
TKLF	+ 0.3	FGF
MTEK	+ 0.28	FGF

High negative correlations

MTEK	- 0.24	TKLF
DRCT	- 0.18	TKLF
HOUR	- 0.07	FGF
HOUR	- 0.03	TKLF
DRCT	- 0.01	FGF

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	3.73	(0.31)	0.00	(0.63)	0.00	0.00	11.45	(9.09)	26.69
TKLF	3.01	0.03	0.03	0.09	3.26	(3.84)	7.06	(6.43)	31.03
HOUR	8.03	1.85	0.27	1.17	5.61	(13.55)	11.40	(10.27)	228.92
DRCT	27.78	11.77	1.03	0.64	7.70	(52.40)	7.87	(16.28)	932.55
MTEK	6.17	0.18	0.03	0.09	6.53	(8.26)	14.29	(10.81)	55.36

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