Freightcar America Correlations

RAIL Stock

USD 9.83 0.18 1.80%

The current 90-days correlation between Freightcar America and LB Foster is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Freightcar America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freightcar America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Freightcar America Correlation With Market

Average diversification

The correlation between Freightcar America and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freightcar America and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Freightcar America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Freightcar Stock please use our How to buy in Freightcar Stock guide.

Moving together with Freightcar Stock

0.62	WAB	Westinghouse Air Brake	Pair Corr
0.64	B	Barnes Group	Pair Corr
0.71	J	Jacobs Solutions	Pair Corr

Moving against Freightcar Stock

0.79	WPRT	Westport Fuel Systems	Pair Corr
0.46	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.37	MPU	Mega Matrix Corp	Pair Corr
0.31	FBYD	Falcons Beyond Global,	Pair Corr
0.49	SMXT	Solarmax Technology Tech Boost	Pair Corr
0.48	PLOW	Douglas Dynamics	Pair Corr
0.46	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.35	CVGI	Commercial Vehicle	Pair Corr
0.32	SLDP	Solid Power	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.36	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	GBX	FSTR	WAB	CSX	TRN	NSC	UNP	CP	CNI
GBX		0.75	0.88	0.58	0.86	0.75	-0.59	-0.86	-0.82	GBX
FSTR	0.75		0.63	0.67	0.72	0.71	-0.19	-0.65	-0.52	FSTR
WAB	0.88	0.63		0.59	0.93	0.59	-0.64	-0.77	-0.75	WAB
CSX	0.58	0.67	0.59		0.68	0.78	0.1	-0.38	-0.21	CSX
TRN	0.86	0.72	0.93	0.68		0.64	-0.51	-0.76	-0.66	TRN
NSC	0.75	0.71	0.59	0.78	0.64		-0.03	-0.62	-0.47	NSC
UNP	-0.59	-0.19	-0.64	0.1	-0.51	-0.03		0.69	0.82	UNP
CP	-0.86	-0.65	-0.77	-0.38	-0.76	-0.62	0.69		0.93	CP
CNI	-0.82	-0.52	-0.75	-0.21	-0.66	-0.47	0.82	0.93		CNI
	GBX	FSTR	WAB	CSX	TRN	NSC	UNP	CP	CNI

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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

TRN	+ 0.93	WAB
CNI	+ 0.93	CP
WAB	+ 0.88	GBX
TRN	+ 0.86	GBX
CNI	+ 0.82	UNP
NSC	+ 0.78	CSX

High negative correlations

CP	- 0.86	GBX
CNI	- 0.82	GBX
CP	- 0.77	WAB
CP	- 0.76	TRN
CNI	- 0.75	WAB
CNI	- 0.66	TRN

Risk-Adjusted Indicators

There is a big difference between Freightcar Stock performing well and Freightcar America 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 Freightcar America'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
GBX	1.50	0.42	0.34	0.44	0.84	(1.79)	3.46	(2.32)	19.01
FSTR	2.10	0.41	0.25	0.34	1.59	(2.45)	6.37	(3.40)	14.55
WAB	0.83	0.17	0.20	0.27	0.54	(1.04)	2.14	(1.07)	5.07
CSX	1.21	(0.04)	0.01	0.10	1.82	(1.26)	2.23	(2.44)	11.99
TRN	1.45	0.04	0.06	0.14	1.81	(1.48)	2.85	(3.25)	11.92
NSC	1.28	0.01	0.06	0.13	1.29	(1.39)	2.69	(2.27)	12.14
UNP	1.02	(0.14)	(0.09)	0.00	1.41	(0.96)	2.03	(2.01)	8.64
CP	0.93	(0.23)	0.00	(0.29)	0.00	0.00	1.99	(1.78)	4.89
CNI	0.86	(0.21)	0.00	(0.12)	0.00	0.00	1.87	(1.72)	5.28

Freightcar America Corporate Management

Steve Cianci	Senior Marketing	Profile
Nicholas Randall	Chief Officer	Profile
Juan Sierra	Corporate Officer	Profile
Celia JD	General Resources	Profile
James Meyer	Executive Board	Profile
Jesus Benavides	VP Director	Profile

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