FGI Industries Correlations

FGI Stock

USD 5.84 0.13 2.28%

The current 90-days correlation between FGI Industries and Aterian is 0.08 (i.e., Significant diversification). The correlation of FGI Industries 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.

FGI Industries Correlation With Market

Significant diversification

The correlation between FGI Industries and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FGI Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FGI Stock

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

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

Moving together with FGI Stock

0.64

VFC

VF Corporation

Pair Corr

Moving against FGI Stock

0.44	EZGO	EZGO Technologies	Pair Corr
0.45	MENE	Mene Inc	Pair Corr
0.44	002269	Shanghai Metersbonwe	Pair Corr
0.43	JRSH	Jerash Holdings	Pair Corr
0.4	600612	Lao Feng Xiang	Pair Corr
0.36	BRLT	Brilliant Earth Group	Pair Corr
0.35	SBDS	SBDS Symbol Change	Pair Corr
0.32	LAKE	Lakeland Industries	Pair Corr

Related Correlations Analysis

	ATER	LOBO	DSS	CENN	REBN	UCAR	AZI	SOND	YYGH	CGTL
ATER		0.59	0.9	0.67	0.89	0.53	0.86	0.74	0.71	-0.75	ATER
LOBO	0.59		0.49	0.13	0.49	0.17	0.3	0.64	0.44	-0.47	LOBO
DSS	0.9	0.49		0.66	0.88	0.64	0.91	0.76	0.66	-0.8	DSS
CENN	0.67	0.13	0.66		0.71	0.32	0.7	0.27	0.33	-0.39	CENN
REBN	0.89	0.49	0.88	0.71		0.46	0.86	0.7	0.69	-0.69	REBN
UCAR	0.53	0.17	0.64	0.32	0.46		0.53	0.47	0.57	-0.83	UCAR
AZI	0.86	0.3	0.91	0.7	0.86	0.53		0.72	0.6	-0.71	AZI
SOND	0.74	0.64	0.76	0.27	0.7	0.47	0.72		0.74	-0.7	SOND
YYGH	0.71	0.44	0.66	0.33	0.69	0.57	0.6	0.74		-0.75	YYGH
CGTL	-0.75	-0.47	-0.8	-0.39	-0.69	-0.83	-0.71	-0.7	-0.75		CGTL
	ATER	LOBO	DSS	CENN	REBN	UCAR	AZI	SOND	YYGH	CGTL

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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

AZI	+ 0.91	DSS
DSS	+ 0.9	ATER
REBN	+ 0.89	ATER
REBN	+ 0.88	DSS
AZI	+ 0.86	ATER
AZI	+ 0.86	REBN

High negative correlations

CGTL	- 0.83	UCAR
CGTL	- 0.8	DSS
CGTL	- 0.75	YYGH
CGTL	- 0.75	ATER
CGTL	- 0.71	AZI
CGTL	- 0.7	SOND

Risk-Adjusted Indicators

There is a big difference between FGI Stock performing well and FGI Industries 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 FGI Industries' 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
ATER	3.50	(0.47)	0.00	(0.14)	0.00	0.00	7.14	(7.14)	28.48
LOBO	5.99	0.31	0.03	0.43	9.61	(6.76)	16.44	(11.63)	61.51
DSS	2.81	(0.60)	0.00	(0.24)	0.00	0.00	5.04	(6.16)	18.47
CENN	5.42	(1.72)	0.00	(0.33)	0.00	0.00	13.33	(10.00)	61.37
REBN	3.79	(0.56)	0.00	(0.11)	0.00	0.00	11.32	(9.04)	27.14
UCAR	2.18	(0.51)	0.00	(1.02)	0.00	0.00	3.45	(5.00)	16.39
AZI	8.19	(1.66)	0.00	6.00	0.00	0.00	13.79	(17.65)	79.49
SOND	13.51	(4.50)	0.00	(4.17)	0.00	0.00	18.44	(28.57)	154.43
YYGH	3.69	(0.67)	0.00	(1.25)	0.00	0.00	7.69	(8.33)	30.95
CGTL	7.38	1.52	0.19	0.64	7.21	(9.57)	19.05	(13.11)	65.77

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