LB Foster Correlations

Stocks . USA . 
Stock . LB Foster
FSTR Stock  USD 28.73  0.43  1.52%   
The current 90-days correlation between LB Foster and Freightcar America is 0.06 (i.e., Significant diversification). The correlation of LB Foster 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.

LB Foster Correlation With Market

Very weak diversification

The correlation between LB Foster and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LB Foster 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 LB Foster. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in FSTR Stock, please use our How to Invest in LB Foster guide.

Moving together with FSTR Stock

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  0.81PH Parker HannifinPairCorr
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Moving against FSTR Stock

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  0.48GP GreenPower MotorPairCorr
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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   
WAB
+ 0.93
TRN
CNI
+ 0.93
CP
GBX
+ 0.88
WAB
GBX
+ 0.87
TRN
CSX
+ 0.8
NSC
CNI
+ 0.8
UNP
  
High negative correlations   
CP
- 0.86
GBX
CNI
- 0.8
GBX
CP
- 0.79
WAB
CP
- 0.77
TRN
CNI
- 0.74
WAB
UNP
- 0.65
RAIL

Risk-Adjusted Indicators

There is a big difference between FSTR Stock performing well and LB Foster 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 LB Foster'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.

LB Foster Corporate Management

Patrick EsqGeneral VPProfile
Peter JonesSenior SolutionsProfile
Stephanie ListwakInvestor ManagerProfile
James BogdanESG LeadProfile
Brian FriedmanSenior OfficerProfile
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