Ferguson Plc Correlations

FERG Stock

USD 257.02 2.98 1.15%

The current 90-days correlation between Ferguson Plc and WW Grainger is 0.4 (i.e., Very weak diversification). The correlation of Ferguson Plc 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.

Ferguson Plc Correlation With Market

Very weak diversification

The correlation between Ferguson Plc and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferguson Plc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ferguson Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ferguson Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Ferguson Stock please use our How to Invest in Ferguson Plc guide.

Moving together with Ferguson Stock

0.72	DNOW	Now Inc	Pair Corr
0.61	RXL	Rexel SA	Pair Corr
0.68	WLFC	Willis Lease Finance	Pair Corr
0.68	FAST	Fastenal	Pair Corr
0.75	WSO-B	Watsco Inc	Pair Corr
0.61	BXC	BlueLinx Holdings Earnings Call This Week	Pair Corr
0.61	FTAI	FTAI Aviation Earnings Call Today	Pair Corr
0.62	MSM	MSC Industrial Direct	Pair Corr
0.72	WC3	Watsco Inc	Pair Corr
0.67	FAS	Fastenal	Pair Corr

Moving against Ferguson Stock

0.74	MSI	Multistack International Earnings Call Today	Pair Corr
0.7	CAI	Caris Life Sciences Earnings Call This Week	Pair Corr
0.51	FPR	Fleetpartners Group	Pair Corr
0.32	AZZ2	Addtech AB	Pair Corr
0.68	AA4	Amedeo Air Four	Pair Corr
0.65	IPW	iPower Inc	Pair Corr
0.61	SIX2	Sixt SE	Pair Corr
0.55	IGC	India Globalization	Pair Corr
0.54	CUCA	Avis Budget Group	Pair Corr
0.32	HNG	Hancock Gore	Pair Corr

Related Correlations Analysis

	GWW	FAST	ROP	AME	CARR	PCAR	FER	SYM	LHX	ROK
GWW		0.96	-0.84	0.95	0.87	0.93	0.85	-0.29	0.79	0.61	GWW
FAST	0.96		-0.88	0.92	0.92	0.88	0.85	-0.33	0.78	0.57	FAST
ROP	-0.84	-0.88		-0.89	-0.94	-0.79	-0.85	0.36	-0.79	-0.37	ROP
AME	0.95	0.92	-0.89		0.89	0.95	0.86	-0.26	0.89	0.64	AME
CARR	0.87	0.92	-0.94	0.89		0.77	0.87	-0.25	0.73	0.39	CARR
PCAR	0.93	0.88	-0.79	0.95	0.77		0.83	-0.16	0.86	0.76	PCAR
FER	0.85	0.85	-0.85	0.86	0.87	0.83		-0.12	0.69	0.47	FER
SYM	-0.29	-0.33	0.36	-0.26	-0.25	-0.16	-0.12		-0.2	0.1	SYM
LHX	0.79	0.78	-0.79	0.89	0.73	0.86	0.69	-0.2		0.67	LHX
ROK	0.61	0.57	-0.37	0.64	0.39	0.76	0.47	0.1	0.67		ROK
	GWW	FAST	ROP	AME	CARR	PCAR	FER	SYM	LHX	ROK

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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

FAST	+ 0.96	GWW
AME	+ 0.95	GWW
PCAR	+ 0.95	AME
PCAR	+ 0.93	GWW
AME	+ 0.92	FAST
CARR	+ 0.92	FAST

High negative correlations

CARR	- 0.94	ROP
AME	- 0.89	ROP
ROP	- 0.88	FAST
FER	- 0.85	ROP
ROP	- 0.84	GWW
LHX	- 0.79	ROP

Risk-Adjusted Indicators

There is a big difference between Ferguson Stock performing well and Ferguson Plc 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 Ferguson Plc'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
GWW	1.18	0.24	0.14	0.23	1.51	(1.33)	3.46	(2.33)	12.51
FAST	1.26	0.14	0.10	0.16	1.29	(1.38)	3.32	(2.23)	7.79
ROP	1.32	(0.52)	0.00	(0.44)	0.00	0.00	1.91	(4.19)	11.55
AME	0.90	0.23	0.22	0.28	0.77	(1.04)	1.87	(1.34)	6.22
CARR	1.42	0.18	0.12	0.17	1.32	(1.64)	4.09	(2.24)	7.85
PCAR	1.30	0.35	0.32	0.34	0.77	(1.74)	3.25	(1.52)	9.11
FER	0.95	0.16	0.14	0.27	0.83	(1.16)	3.24	(1.93)	6.80
SYM	4.35	(0.13)	0.00	0.00	6.27	(4.50)	9.37	(6.94)	60.87
LHX	1.33	0.22	0.14	0.28	1.42	(1.55)	3.09	(2.29)	8.86
ROK	1.40	(0.04)	(0.01)	0.01	2.05	(1.35)	2.72	(2.88)	10.12

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