Forrester Research Correlations

FORR Stock

USD 9.43 0.19 1.98%

The current 90-days correlation between Forrester Research and Franklin Covey is 0.42 (i.e., Very weak diversification). The correlation of Forrester Research 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Forrester Research Correlation With Market

Weak diversification

The correlation between Forrester Research and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forrester Research 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 Forrester Research. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Forrester Stock, please use our How to Invest in Forrester Research guide.

Moving together with Forrester Stock

0.66	BCO	Brinks Company	Pair Corr
0.78	BRC	Brady	Pair Corr
0.76	CIX	CompX International	Pair Corr
0.95	DLX	Deluxe	Pair Corr
0.84	KBR	KBR Inc	Pair Corr
0.83	MATW	Matthews International	Pair Corr
0.89	RPAY	Repay Holdings Corp	Pair Corr
0.92	ASGN	ASGN Inc	Pair Corr
0.87	TTEK	Tetra Tech	Pair Corr
0.92	CLVT	CLARIVATE PLC	Pair Corr
0.91	J	Jacobs Solutions	Pair Corr
0.95	BV	BrightView Holdings	Pair Corr
0.91	BW	Babcock Wilcox Enter	Pair Corr
0.83	CW	Curtiss Wright	Pair Corr
0.8	DY	Dycom Industries	Pair Corr
0.83	FA	First Advantage Corp	Pair Corr
0.85	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.73	HI	Hillenbrand	Pair Corr
0.73	HY	Hyster Yale Materials	Pair Corr
0.9	IR	Ingersoll Rand	Pair Corr

Moving against Forrester Stock

0.61	G	Genpact Limited	Pair Corr
0.54	WNS	WNS Holdings	Pair Corr
0.51	MG	Mistras Group	Pair Corr
0.87	BZ	Kanzhun Ltd ADR	Pair Corr
0.81	PC	Premium Catering	Pair Corr
0.8	EH	Ehang Holdings	Pair Corr
0.8	SB	Safe Bulkers	Pair Corr
0.71	LZ	LegalZoom	Pair Corr
0.58	DE	Deere Company	Pair Corr
0.54	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	HURN	ICFI	FC	FCN	CRAI	EXPO	RGP
HURN		-0.86	-0.76	-0.81	-0.28	-0.77	-0.83	HURN
ICFI	-0.86		0.68	0.9	0.11	0.92	0.9	ICFI
FC	-0.76	0.68		0.79	0.36	0.76	0.74	FC
FCN	-0.81	0.9	0.79		0.07	0.92	0.9	FCN
CRAI	-0.28	0.11	0.36	0.07		0.21	0.14	CRAI
EXPO	-0.77	0.92	0.76	0.92	0.21		0.86	EXPO
RGP	-0.83	0.9	0.74	0.9	0.14	0.86		RGP
	HURN	ICFI	FC	FCN	CRAI	EXPO	RGP

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

EXPO	+ 0.92	ICFI
EXPO	+ 0.92	FCN
FCN	+ 0.9	ICFI
RGP	+ 0.9	ICFI
RGP	+ 0.9	FCN
RGP	+ 0.86	EXPO

High negative correlations

ICFI	- 0.86	HURN
RGP	- 0.83	HURN
FCN	- 0.81	HURN
EXPO	- 0.77	HURN
FC	- 0.76	HURN
CRAI	- 0.28	HURN

Risk-Adjusted Indicators

There is a big difference between Forrester Stock performing well and Forrester Research 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 Forrester Research'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
HURN	1.58	0.31	0.17	0.34	1.77	(1.75)	2.63	(3.38)	21.61
ICFI	1.92	(0.59)	0.00	1.01	0.00	0.00	3.96	(3.92)	24.76
FC	1.72	(0.28)	0.00	(0.32)	0.00	0.00	2.59	(3.17)	13.98
FCN	1.15	(0.28)	0.00	(0.64)	0.00	0.00	1.80	(1.99)	17.31
CRAI	1.88	(0.09)	0.00	(0.32)	0.00	0.00	2.85	(3.75)	17.71
EXPO	0.98	(0.22)	0.00	(0.52)	0.00	0.00	1.71	(2.46)	6.03
RGP	1.47	(0.28)	0.00	(0.47)	0.00	0.00	2.38	(3.64)	7.87

Forrester Research Corporate Management

Brendan Witcher	VP Analyst	Profile
Ryan JD	Chief Secretary	Profile
Jobina Gonsalves	Chief Officer	Profile
Lisa Riley	Senior Events	Profile
Andrew Cox	Chief Officer	Profile
Steven Peltzman	Chief Business Technology Officer	Profile
Christian Finn	Chief Officer	Profile

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