Founder Group Correlations

FGL Stock

0.1 0.04 30.00%

The current 90-days correlation between Founder Group Limited and Galaxy Payroll Group is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Founder Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Founder Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Founder Group Correlation With Market

Pay attention - limited upside

The correlation between Founder Group Limited and DJI is -0.82 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Founder Group Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Founder Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Founder Group 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 price.

Moving together with Founder Stock

0.67	ACM	Aecom Technology Earnings Call This Week	Pair Corr
0.73	DRT	DIRTT Environmental	Pair Corr
0.63	SLND	Southland Holdings	Pair Corr

Moving against Founder Stock

0.92	GVA	Granite Construction Earnings Call This Week	Pair Corr
0.88	EN	Bouygues SA	Pair Corr
0.82	APG	Api Group Corp	Pair Corr
0.82	MSP	Minaean SP Construction Split	Pair Corr
0.8	MTZ	MasTec Inc	Pair Corr
0.78	ACA	Arcosa Inc	Pair Corr
0.76	FGR	Eiffage SA	Pair Corr
0.75	GLDD	Great Lakes Dredge	Pair Corr
0.72	TPC	Tutor Perini	Pair Corr
0.53	MYRG	MYR Group	Pair Corr
0.48	LMB	Limbach Holdings	Pair Corr
0.4	WSC	Willscot Mobile Mini	Pair Corr
0.36	JFB	JFB Construction Holdings Upward Rally	Pair Corr
0.35	PO6	Penta-Ocean Construction Earnings Call This Week	Pair Corr
0.86	IMPN	Implenia AG	Pair Corr
0.84	SHIM	Shimmick Common	Pair Corr
0.8	ARE	Aecon Group	Pair Corr
0.78	TCW	Tokyu Construction	Pair Corr
0.71	BDT	Bird Construction	Pair Corr
0.6	PRIM	Primoris Services	Pair Corr
0.53	TVRB	Tlverbier SA	Pair Corr
0.51	ROAD	Construction Partners	Pair Corr

Related Correlations Analysis

	SKK	FBGL	GLXG	AEHL	DEVS	LNKS	IVDA	CDTG	INTJ	OP
SKK		-0.45	0.46	0.04	0.21	0.2	0.24	0.49	-0.22	0.2	SKK
FBGL	-0.45		-0.65	-0.19	-0.44	0.03	0.05	-0.46	-0.05	0.35	FBGL
GLXG	0.46	-0.65		0.36	0.75	0.06	0.25	0.79	0.37	-0.15	GLXG
AEHL	0.04	-0.19	0.36		0.69	-0.39	0.69	0.23	0.61	-0.2	AEHL
DEVS	0.21	-0.44	0.75	0.69		-0.23	0.54	0.66	0.74	-0.02	DEVS
LNKS	0.2	0.03	0.06	-0.39	-0.23		-0.29	0.13	-0.42	0.23	LNKS
IVDA	0.24	0.05	0.25	0.69	0.54	-0.29		0.31	0.46	0.12	IVDA
CDTG	0.49	-0.46	0.79	0.23	0.66	0.13	0.31		0.39	0.17	CDTG
INTJ	-0.22	-0.05	0.37	0.61	0.74	-0.42	0.46	0.39		0.1	INTJ
OP	0.2	0.35	-0.15	-0.2	-0.02	0.23	0.12	0.17	0.1		OP
	SKK	FBGL	GLXG	AEHL	DEVS	LNKS	IVDA	CDTG	INTJ	OP

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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

CDTG	+ 0.79	GLXG
DEVS	+ 0.75	GLXG
INTJ	+ 0.74	DEVS
DEVS	+ 0.69	AEHL
IVDA	+ 0.69	AEHL
CDTG	+ 0.66	DEVS

High negative correlations

GLXG	- 0.65	FBGL
CDTG	- 0.46	FBGL
FBGL	- 0.45	SKK
DEVS	- 0.44	FBGL
INTJ	- 0.42	LNKS
LNKS	- 0.39	AEHL

Risk-Adjusted Indicators

There is a big difference between Founder Stock performing well and Founder Group 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 Founder Group'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
SKK	3.32	(0.33)	0.00	(0.19)	0.00	0.00	7.14	(6.06)	29.17
FBGL	3.85	0.81	0.13	1.95	4.97	(4.59)	12.05	(7.00)	34.97
GLXG	5.77	(0.82)	0.00	1.34	0.00	0.00	12.50	(14.81)	53.25
AEHL	9.46	(0.53)	0.00	(0.07)	0.00	0.00	10.83	(17.77)	134.82
DEVS	5.34	(0.85)	0.00	(0.34)	0.00	0.00	15.17	(11.76)	41.39
LNKS	8.31	2.11	0.26	1.97	6.83	(11.59)	22.58	(10.26)	88.10
IVDA	7.17	(1.16)	0.00	(0.35)	0.00	0.00	16.67	(15.22)	74.33
CDTG	6.03	(0.68)	0.00	(1.05)	0.00	0.00	14.71	(16.67)	48.33
INTJ	3.99	(0.74)	0.00	(0.49)	0.00	0.00	7.41	(12.82)	29.93
OP	6.16	(0.18)	0.00	0.21	0.00	0.00	10.95	(19.70)	52.42

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