Fenbo Holdings Correlations

Stocks . USA . 
Stock . Fenbo Holdings Limited
FEBO Stock   1.98  0.07  3.41%   
The current 90-days correlation between Fenbo Holdings and Beyond Meat is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fenbo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fenbo Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fenbo Holdings Correlation With Market

Significant diversification

The correlation between Fenbo Holdings Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fenbo Holdings 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 Fenbo Holdings 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 bureau of labor statistics.

Moving together with Fenbo Stock

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  0.9WLDS Wearable Devices Tech BoostPairCorr
  0.82EZGO EZGO TechnologiesPairCorr
  0.72CCS Century CommunitiesPairCorr
  0.84CRI CartersPairCorr
  0.79DHI DR HortonPairCorr
  0.77DTC Solo BrandsPairCorr
  0.69HOV Hovnanian Enterprises Earnings Call This WeekPairCorr
  0.7LEN Lennar Fiscal Year End 12th of December 2024 PairCorr

Moving against Fenbo Stock

  0.88AS Amer Sports,PairCorr
  0.87VSTO Vista OutdoorPairCorr
  0.85RL Ralph Lauren CorpPairCorr
  0.82DOGZ Dogness International Upward RallyPairCorr
  0.76UA Under Armour CPairCorr
  0.69FOSL Fossil GroupPairCorr
  0.59VOXX VOXX InternationalPairCorr
  0.53VUZI Vuzix Corp Cmn Buyout TrendPairCorr
  0.48ESCA Escalade IncorporatedPairCorr
  0.37BC BrunswickPairCorr
  0.87GIL Gildan ActivewearPairCorr
  0.82HBI HanesbrandsPairCorr
  0.82KTB Kontoor BrandsPairCorr
  0.66MPX Marine Products Fiscal Year End 23rd of January 2025 PairCorr
  0.37HWH HWH International Symbol ChangePairCorr

Related Correlations Analysis

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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   
BCE
+ 0.8
BYND
GO
+ 0.72
ACI
TSN
+ 0.64
GO
TSN
+ 0.54
ACI
TBBB
+ 0.3
ACI
GO
+ 0.24
TBBB
  
High negative correlations   
GO
- 0.61
BYND
TSN
- 0.57
BYND
ACI
- 0.56
BYND
BCE
- 0.5
TBBB
GO
- 0.45
BCE
BCE
- 0.43
ACI

Risk-Adjusted Indicators

There is a big difference between Fenbo Stock performing well and Fenbo Holdings 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 Fenbo Holdings' 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.

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