Founder Group Correlations

FGL Stock

1.71 0.23 11.86%

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

Very good diversification

The correlation between Founder Group Limited and DJI is -0.31 (i.e., Very good 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 against Founder Stock

0.36	DY	Dycom Industries	Pair Corr
0.51	SLND	Southland Holdings	Pair Corr
0.33	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	BNL	SPHR	ASUR	FSLUF	GSL-PB	MSN	RSVR	UHAL
BNL		0.8	-0.19	0.0	-0.13	0.73	-0.62	0.61	BNL
SPHR	0.8		-0.28	0.0	-0.08	0.79	-0.41	0.37	SPHR
ASUR	-0.19	-0.28		0.0	-0.1	-0.31	0.34	-0.28	ASUR
FSLUF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FSLUF
GSL-PB	-0.13	-0.08	-0.1	0.0		-0.15	0.1	0.22	GSL-PB
MSN	0.73	0.79	-0.31	0.0	-0.15		-0.63	0.48	MSN
RSVR	-0.62	-0.41	0.34	0.0	0.1	-0.63		-0.54	RSVR
UHAL	0.61	0.37	-0.28	0.0	0.22	0.48	-0.54		UHAL
	BNL	SPHR	ASUR	FSLUF	GSL-PB	MSN	RSVR	UHAL

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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

SPHR	+ 0.8	BNL
MSN	+ 0.79	SPHR
MSN	+ 0.73	BNL
UHAL	+ 0.61	BNL
UHAL	+ 0.48	MSN
UHAL	+ 0.37	SPHR

High negative correlations

RSVR	- 0.63	MSN
RSVR	- 0.62	BNL
UHAL	- 0.54	RSVR
RSVR	- 0.41	SPHR
MSN	- 0.31	ASUR
UHAL	- 0.28	ASUR

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
BNL	0.78	(0.23)	0.00	(0.35)	0.00	0.00	1.32	(1.86)	5.79
SPHR	2.06	(0.15)	0.00	(0.12)	0.00	0.00	3.79	(3.93)	14.27
ASUR	1.90	0.02	0.01	0.03	3.12	(2.08)	5.27	(3.76)	19.48
FSLUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GSL-PB	0.49	0.02	0.00	0.12	0.55	(0.56)	1.24	(0.78)	4.00
MSN	2.08	(0.20)	0.00	(0.33)	0.00	0.00	5.00	(5.88)	17.16
RSVR	1.95	0.23	0.09	0.15	2.54	(2.12)	4.75	(3.81)	13.53
UHAL	1.28	(0.10)	0.00	(0.09)	0.00	0.00	2.75	(2.24)	8.90

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