Fenbo Holdings Correlations

FEBO Stock

1.57 0.06 3.68%

The current 90-days correlation between Fenbo Holdings and Ryanair Holdings PLC is 0.12 (i.e., Average 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

Good diversification

The correlation between Fenbo Holdings Limited and DJI is -0.04 (i.e., Good 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

0.67	BC	Brunswick	Pair Corr
0.65	VEEE	Twin Vee Powercats	Pair Corr
0.93	VMAR	Vision Marine Techno	Pair Corr
0.88	WLDS	Wearable Devices	Pair Corr
0.8	EZGO	EZGO Technologies	Pair Corr
0.74	CCS	Century Communities	Pair Corr
0.64	DFH	Dream Finders Homes	Pair Corr
0.84	DHI	DR Horton Earnings Call This Week	Pair Corr
0.79	DTC	Solo Brands	Pair Corr
0.72	HAS	Hasbro Inc	Pair Corr
0.65	HOV	Hovnanian Enterprises	Pair Corr
0.75	IBP	Installed Building	Pair Corr
0.62	KBH	KB Home	Pair Corr
0.72	LEN	Lennar	Pair Corr
0.72	MSN	Emerson Radio	Pair Corr
0.67	MTH	Meritage	Pair Corr

Moving against Fenbo Stock

0.86	AS	Amer Sports,	Pair Corr
0.8	RL	Ralph Lauren Corp	Pair Corr
0.77	FOSL	Fossil Group	Pair Corr
0.72	VUZI	Vuzix Corp Cmn	Pair Corr
0.72	FORD	Forward Industries	Pair Corr
0.67	ESCA	Escalade Incorporated	Pair Corr
0.41	VNCE	Vince Holding Corp Downward Rally	Pair Corr
0.84	HBI	Hanesbrands Sell-off Trend	Pair Corr
0.65	MOV	Movado Group	Pair Corr
0.64	PVH	PVH Corp	Pair Corr
0.62	KTB	Kontoor Brands	Pair Corr
0.6	OXM	Oxford Industries	Pair Corr
0.58	SGC	Superior Uniform	Pair Corr
0.56	REE	Ree Automotive Holding	Pair Corr

Related Correlations Analysis

	RYAAY	NTGR	LTM	CTS	ICAGY	NTES	GRMN	SONO
RYAAY		-0.34	0.43	0.3	-0.3	-0.32	-0.07	-0.1	RYAAY
NTGR	-0.34		0.21	0.47	0.92	0.67	0.76	0.86	NTGR
LTM	0.43	0.21		0.5	0.33	0.33	0.41	0.36	LTM
CTS	0.3	0.47	0.5		0.37	0.22	0.8	0.54	CTS
ICAGY	-0.3	0.92	0.33	0.37		0.84	0.68	0.88	ICAGY
NTES	-0.32	0.67	0.33	0.22	0.84		0.53	0.6	NTES
GRMN	-0.07	0.76	0.41	0.8	0.68	0.53		0.72	GRMN
SONO	-0.1	0.86	0.36	0.54	0.88	0.6	0.72		SONO
	RYAAY	NTGR	LTM	CTS	ICAGY	NTES	GRMN	SONO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ICAGY	+ 0.92	NTGR
SONO	+ 0.88	ICAGY
SONO	+ 0.86	NTGR
NTES	+ 0.84	ICAGY
GRMN	+ 0.8	CTS
GRMN	+ 0.76	NTGR

High negative correlations

NTGR	- 0.34	RYAAY
NTES	- 0.32	RYAAY
ICAGY	- 0.3	RYAAY
SONO	- 0.1	RYAAY
GRMN	- 0.07	RYAAY

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
RYAAY	1.39	(0.06)	0.00	(0.70)	0.00	0.00	3.10	(2.88)	8.98
NTGR	1.72	0.39	0.22	0.91	1.47	(2.02)	4.41	(2.89)	10.10
LTM	1.09	0.06	0.05	(1.00)	1.38	(1.13)	2.35	(2.41)	6.43
CTS	1.49	0.11	0.06	0.21	1.74	(1.61)	2.45	(2.79)	17.07
ICAGY	1.27	0.61	0.37	11.45	0.87	(1.50)	3.70	(1.99)	9.67
NTES	1.91	0.22	0.10	0.59	2.16	(2.13)	3.45	(3.79)	15.03
GRMN	1.24	0.43	0.38	(5.72)	0.68	(1.55)	1.99	(2.09)	26.46
SONO	1.82	0.27	0.12	0.50	2.08	(1.98)	3.78	(3.32)	11.24

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC