Founder Group Correlations

FGL Stock

1.35 0.03 2.17%

The current 90-days correlation between Founder Group Limited and Ark Restaurants Corp is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Founder Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Founder Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Founder Group Correlation With Market

Significant diversification

The correlation between Founder Group Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Founder Group Limited 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 Founder Group Limited. 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 Founder Stock

0.64	J	Jacobs Solutions	Pair Corr
0.72	ESOA	Energy Services	Pair Corr
0.73	ACM	Aecom Technology	Pair Corr
0.69	ECG	Everus Construction	Pair Corr
0.69	EME	EMCOR Group	Pair Corr
0.65	FIX	Comfort Systems USA	Pair Corr
0.71	FLR	Fluor	Pair Corr
0.7	GVA	Granite Construction	Pair Corr
0.71	PWR	Quanta Services	Pair Corr
0.67	GLDD	Great Lakes Dredge	Pair Corr
0.7	MYRG	MYR Group	Pair Corr
0.68	PRIM	Primoris Services	Pair Corr
0.73	ROAD	Construction Partners	Pair Corr
0.68	AMRC	Ameresco	Pair Corr
0.63	SHIM	Shimmick Common	Pair Corr
0.7	STRL	Sterling Construction	Pair Corr

Moving against Founder Stock

0.4	VATE	Innovate Corp	Pair Corr
0.36	WLGS	Wang Lee Group,	Pair Corr
0.45	JUNE	Junee Limited Ordinary	Pair Corr
0.63	G	Genpact Limited	Pair Corr
0.43	BR	Broadridge Financial	Pair Corr

Related Correlations Analysis

	GENK	ELALF	SBUX	DAL	WEN	ARKR	PTLO
GENK		-0.81	-0.85	0.23	0.44	0.52	-0.89	GENK
ELALF	-0.81		0.61	-0.39	-0.47	-0.44	0.71	ELALF
SBUX	-0.85	0.61		0.16	-0.48	-0.25	0.9	SBUX
DAL	0.23	-0.39	0.16		-0.41	0.66	0.08	DAL
WEN	0.44	-0.47	-0.48	-0.41		-0.36	-0.66	WEN
ARKR	0.52	-0.44	-0.25	0.66	-0.36		-0.22	ARKR
PTLO	-0.89	0.71	0.9	0.08	-0.66	-0.22		PTLO
	GENK	ELALF	SBUX	DAL	WEN	ARKR	PTLO

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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

PTLO	+ 0.9	SBUX
PTLO	+ 0.71	ELALF
ARKR	+ 0.66	DAL
SBUX	+ 0.61	ELALF
ARKR	+ 0.52	GENK
WEN	+ 0.44	GENK

High negative correlations

PTLO	- 0.89	GENK
SBUX	- 0.85	GENK
ELALF	- 0.81	GENK
PTLO	- 0.66	WEN
WEN	- 0.48	SBUX
WEN	- 0.47	ELALF

Risk-Adjusted Indicators

There is a big difference between Founder Stock performing well and Founder Group 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 Founder Group'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
GENK	2.69	(0.17)	0.00	(0.17)	0.00	0.00	5.42	(5.37)	32.07
ELALF	1.07	0.46	0.00	(31.83)	0.00	0.00	0.89	0.00	16.65
SBUX	1.31	0.07	0.04	0.01	1.96	(1.25)	2.25	(2.90)	13.70
DAL	2.04	(0.30)	0.00	(0.31)	0.00	0.00	3.88	(5.54)	16.26
WEN	1.21	(0.13)	0.00	(0.62)	0.00	0.00	3.46	(2.70)	7.39
ARKR	3.12	(0.32)	0.00	(0.53)	0.00	0.00	4.61	(7.90)	24.40
PTLO	2.93	0.52	0.16	0.32	2.90	(3.53)	8.12	(5.47)	22.46

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