FirstGroup Plc Correlations

FGR Stock  EUR 1.85  0.02  1.09%   
The current 90-days correlation between FirstGroup plc and The Trade Desk is -0.07 (i.e., Good diversification). The correlation of FirstGroup 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.

FirstGroup Plc Correlation With Market

Good diversification

The correlation between FirstGroup plc and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FirstGroup plc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to FirstGroup Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstGroup Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstGroup Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstGroup plc to buy it.

Moving together with FirstGroup Stock

  0.68XSE Seino HoldingsPairCorr

Moving against FirstGroup Stock

  0.61C2H Copa Holdings SAPairCorr
  0.53DBPE Xtrackers LevDAXPairCorr
  0.36E908 Lyxor 1PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FirstGroup Stock performing well and FirstGroup 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 FirstGroup 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FirstGroup Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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FirstGroup Plc Corporate Management

Elected by the shareholders, the FirstGroup Plc's board of directors comprises two types of representatives: FirstGroup Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FirstGroup. The board's role is to monitor FirstGroup Plc's management team and ensure that shareholders' interests are well served. FirstGroup Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FirstGroup Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Andrew JarvisManaging GlasgowProfile
Graham SutherlandCEO DirectorProfile
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