Founder Group Correlations

FGL Stock

8.20 0.70 7.87%

The current 90-days correlation between Founder Group Limited and Galaxy Payroll Group is 0.07 (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 -0.8 (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 census.

Moving together with Founder Stock

0.74	AB9	ABO Wind AG	Pair Corr
0.67	WAA	WAESTBYGG GRUPPEN	Pair Corr

Moving against Founder Stock

0.81	OCI1	ACS Actividades de	Pair Corr
0.81	OCI	ACS ADE CADR Split	Pair Corr
0.77	TGP	Tekmar Group plc	Pair Corr
0.73	APG	Api Group Corp	Pair Corr
0.7	EN	Bouygues SA	Pair Corr
0.69	EM4	EMCOR Group	Pair Corr
0.69	6UA	TEKMAR GROUP PLC	Pair Corr
0.68	OBA	Obayashi	Pair Corr
0.66	1PM	Primoris Services	Pair Corr
0.64	T5R	Tcnicas Reunidas	Pair Corr
0.63	MKS	AS Merko Ehitus	Pair Corr
0.62	FBGL	FBS Global Limited	Pair Corr
0.59	ACA	Arcosa Inc	Pair Corr
0.57	GNP	Genusplus Group	Pair Corr
0.54	DY	Dycom Industries	Pair Corr
0.52	7HL	Hill Smith Holdings Earnings Call This Week	Pair Corr
0.48	NYVC	CH Karnchang Public	Pair Corr
0.48	FRW	Martifer SGPS SA	Pair Corr
0.39	AGX	Argan Inc	Pair Corr
0.36	RNWH	Renew Holdings plc	Pair Corr
0.35	2E5	China Energy Engineering	Pair Corr
0.89	VBC	Verbrec	Pair Corr
0.85	GVA	Granite Construction	Pair Corr
0.81	LMB	Limbach Holdings	Pair Corr
0.79	LYL	Lycopodium	Pair Corr
0.75	8MP	Monadelphous Group	Pair Corr
0.72	FBF	BUDIMEX A ZY	Pair Corr
0.69	EME	EMCOR Group	Pair Corr
0.69	VMI	Valmont Industries	Pair Corr

Related Correlations Analysis

	SKK	FBGL	GLXG	AEHL	DEVS	LNKS	IVDA	CDTG	INTJ	OP
SKK		-0.65	0.11	0.31	0.26	-0.38	0.51	0.5	0.02	0.26	SKK
FBGL	-0.65		-0.21	-0.63	-0.59	0.58	-0.71	-0.75	-0.41	-0.33	FBGL
GLXG	0.11	-0.21		0.65	0.54	-0.17	0.32	0.3	0.3	0.01	GLXG
AEHL	0.31	-0.63	0.65		0.92	-0.71	0.79	0.77	0.78	-0.02	AEHL
DEVS	0.26	-0.59	0.54	0.92		-0.73	0.82	0.78	0.84	-0.15	DEVS
LNKS	-0.38	0.58	-0.17	-0.71	-0.73		-0.85	-0.8	-0.76	0.2	LNKS
IVDA	0.51	-0.71	0.32	0.79	0.82	-0.85		0.9	0.73	-0.02	IVDA
CDTG	0.5	-0.75	0.3	0.77	0.78	-0.8	0.9		0.69	0.0	CDTG
INTJ	0.02	-0.41	0.3	0.78	0.84	-0.76	0.73	0.69		-0.42	INTJ
OP	0.26	-0.33	0.01	-0.02	-0.15	0.2	-0.02	0.0	-0.42		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

DEVS	+ 0.92	AEHL
CDTG	+ 0.9	IVDA
INTJ	+ 0.84	DEVS
IVDA	+ 0.82	DEVS
IVDA	+ 0.79	AEHL
INTJ	+ 0.78	AEHL

High negative correlations

IVDA	- 0.85	LNKS
CDTG	- 0.8	LNKS
INTJ	- 0.76	LNKS
CDTG	- 0.75	FBGL
LNKS	- 0.73	DEVS
LNKS	- 0.71	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	4.01	(0.07)	0.00	(0.05)	0.00	0.00	7.69	(8.00)	29.17
FBGL	4.92	0.54	0.06	1.19	8.14	(5.34)	12.05	(8.79)	54.98
GLXG	6.48	(0.11)	0.00	0.13	0.00	0.00	12.64	(14.75)	53.25
AEHL	10.91	(1.54)	0.00	(1.33)	0.00	0.00	15.38	(20.35)	152.14
DEVS	5.47	(0.79)	0.00	(0.28)	0.00	0.00	15.79	(10.71)	41.39
LNKS	8.89	2.90	0.38	14.37	6.34	(12.68)	22.58	(10.48)	88.10
IVDA	7.60	(0.96)	0.00	(1.61)	0.00	0.00	16.67	(23.21)	62.16
CDTG	5.25	(0.49)	0.00	(2.73)	0.00	0.00	14.71	(10.81)	40.22
INTJ	3.34	(0.47)	0.00	(0.50)	0.00	0.00	6.06	(10.62)	29.02
OP	6.16	(0.27)	0.00	0.43	0.00	0.00	10.95	(19.70)	52.42

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