FirstGroup Plc Correlations

FGR Stock

EUR 1.82 0.02 1.11%

The current 90-days correlation between FirstGroup plc and Tri Pointe Homes is 0.24 (i.e., Modest diversification). The correlation of FirstGroup 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.

FirstGroup Plc Correlation With Market

Good diversification

The correlation between FirstGroup plc and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FirstGroup plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to FirstGroup Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstGroup Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FirstGroup Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FirstGroup plc to buy it.

Moving together with FirstGroup Stock

0.62

DBPD

Xtrackers ShortDAX

Pair Corr

Moving against FirstGroup Stock

0.69	DBPE	Xtrackers LevDAX	Pair Corr
0.66	C2H	Copa Holdings SA	Pair Corr
0.44	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	54M	47X	WN6	T86	GRU	25F	THM	TMD0
54M		0.28	0.72	0.52	0.17	0.09	0.52	0.31	54M
47X	0.28		0.1	0.53	0.36	0.29	0.2	-0.23	47X
WN6	0.72	0.1		0.33	0.59	-0.4	0.86	0.2	WN6
T86	0.52	0.53	0.33		-0.04	0.53	0.35	0.18	T86
GRU	0.17	0.36	0.59	-0.04		-0.64	0.69	-0.32	GRU
25F	0.09	0.29	-0.4	0.53	-0.64		-0.42	0.16	25F
THM	0.52	0.2	0.86	0.35	0.69	-0.42		0.05	THM
TMD0	0.31	-0.23	0.2	0.18	-0.32	0.16	0.05		TMD0
	54M	47X	WN6	T86	GRU	25F	THM	TMD0

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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

THM	+ 0.86	WN6
WN6	+ 0.72	54M
THM	+ 0.69	GRU
GRU	+ 0.59	WN6
T86	+ 0.53	47X
25F	+ 0.53	T86

High negative correlations

25F	- 0.64	GRU
THM	- 0.42	25F
25F	- 0.4	WN6
TMD0	- 0.32	GRU
TMD0	- 0.23	47X
GRU	- 0.04	T86

Risk-Adjusted Indicators

There is a big difference between FirstGroup Stock performing well and FirstGroup 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 FirstGroup 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
54M	2.97	0.14	0.05	0.23	2.96	(4.21)	6.56	(6.78)	19.08
47X	1.19	0.02	(0.04)	0.24	1.25	(1.70)	2.74	(2.56)	5.68
WN6	1.07	0.20	0.05	(2.19)	1.04	(1.61)	2.73	(1.79)	6.24
T86	1.41	(0.04)	(0.02)	0.08	1.63	(1.94)	3.40	(3.47)	10.01
GRU	3.07	0.79	0.17	3.24	3.24	(3.88)	7.33	(5.29)	19.99
25F	1.83	(0.19)	0.00	(0.05)	0.00	0.00	5.21	(3.48)	14.32
THM	1.46	0.17	0.06	0.38	1.62	(1.76)	3.28	(2.48)	9.93
TMD0	1.92	(0.08)	0.00	(0.05)	0.00	0.00	5.36	(3.70)	12.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in FirstGroup Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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FirstGroup Plc Corporate Management

Elected by the shareholders, the FirstGroup Plc's board of directors comprises two types of representatives: FirstGroup Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FirstGroup. The board's role is to monitor FirstGroup Plc's management team and ensure that shareholders' interests are well served. FirstGroup Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FirstGroup Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew Jarvis	Managing Glasgow	Profile
Graham Sutherland	CEO Director	Profile
David Blizzard	Company Sec	Profile
Faisal Tabbah	Head Relations	Profile
Ryan Mangold	CFO Director	Profile
Janette Bell	Managing Bus	Profile
Stuart Butchers	Group Communications	Profile

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