Fenbo Holdings Correlations

FEBO Stock   2.19  0.06  2.82%   
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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  0.76DTC Solo BrandsPairCorr
  0.71HOV Hovnanian EnterprisesPairCorr
  0.65LEN Lennar Fiscal Year End 12th of December 2024 PairCorr

Moving against Fenbo Stock

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  0.5VUZI Vuzix Corp CmnPairCorr
  0.38BC BrunswickPairCorr
  0.37ESCA Escalade IncorporatedPairCorr
  0.82HBI HanesbrandsPairCorr
  0.8KTB Kontoor BrandsPairCorr
  0.79GIL Gildan ActivewearPairCorr
  0.64FOSL Fossil GroupPairCorr
  0.61MPX Marine Products Fiscal Year End 23rd of January 2025 PairCorr
  0.46HWH HWH International Symbol ChangePairCorr
  0.43MSN Emerson RadioPairCorr

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   
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EGOUG
SANDEGO
EGOSFL
SKXUG
  
High negative correlations   
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NWLSKX
NWLUG
NWLEGO
NWLACU
SANDACU

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.