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.
Fenbo |
Moving together with Fenbo Stock
0.77 | DOOO | BRP Inc Earnings Call This Week | PairCorr |
0.87 | WLDS | Wearable Devices | PairCorr |
0.74 | EZGO | EZGO Technologies | PairCorr |
0.7 | CCS | Century Communities | PairCorr |
0.82 | CRI | Carters | PairCorr |
0.76 | DHI | DR Horton | PairCorr |
0.76 | DTC | Solo Brands | PairCorr |
0.71 | HOV | Hovnanian Enterprises | PairCorr |
0.65 | LEN | Lennar Fiscal Year End 12th of December 2024 | PairCorr |
Moving against Fenbo Stock
0.91 | AS | Amer Sports, | PairCorr |
0.87 | VSTO | Vista Outdoor | PairCorr |
0.83 | RL | Ralph Lauren Corp | PairCorr |
0.81 | DOGZ | Dogness International | PairCorr |
0.71 | UA | Under Armour C | PairCorr |
0.54 | VOXX | VOXX International Upward Rally | PairCorr |
0.5 | VUZI | Vuzix Corp Cmn | PairCorr |
0.38 | BC | Brunswick | PairCorr |
0.37 | ESCA | Escalade Incorporated | PairCorr |
0.82 | HBI | Hanesbrands | PairCorr |
0.8 | KTB | Kontoor Brands | PairCorr |
0.79 | GIL | Gildan Activewear | PairCorr |
0.64 | FOSL | Fossil Group | PairCorr |
0.61 | MPX | Marine Products Fiscal Year End 23rd of January 2025 | PairCorr |
0.46 | HWH | HWH International Symbol Change | PairCorr |
0.43 | MSN | Emerson Radio | PairCorr |
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
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
SFL | 1.04 | (0.12) | 0.00 | (0.28) | 0.00 | 1.76 | 4.87 | |||
UG | 2.86 | (0.32) | 0.00 | 1.16 | 0.00 | 5.03 | 23.10 | |||
WHWRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
EGO | 1.82 | (0.17) | 0.00 | (0.34) | 0.00 | 3.39 | 12.12 | |||
ACU | 1.42 | (0.11) | (0.05) | 0.00 | 1.72 | 2.93 | 9.10 | |||
SKX | 1.56 | (0.16) | 0.00 | (0.31) | 0.00 | 3.71 | 13.33 | |||
SAND | 1.73 | 0.02 | (0.02) | 0.16 | 2.43 | 3.33 | 15.60 | |||
NWL | 2.21 | 0.31 | 0.12 | 0.76 | 2.01 | 5.38 | 27.25 |