FirstGroup PLC Correlations
| FGROY Stock | USD 2.46 0.00 0.00% |
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. If the correlation is 0, the equities are not correlated; they are entirely random.
FirstGroup PLC Correlation With Market
Excellent diversification
The correlation between FirstGroup PLC ADR and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FirstGroup PLC ADR and DJI in the same portfolio, assuming nothing else is changed.
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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 ADR to buy it.
Moving against FirstGroup Pink Sheet
| 0.81 | MTRJF | MTR Corp Earnings Call Today | PairCorr |
| 0.76 | ALRS | Alerus Financial Corp | PairCorr |
| 0.74 | CUB | Lionheart Holdings | PairCorr |
| 0.7 | TOYOF | Toyota Motor Corp | PairCorr |
| 0.7 | NSKFF | Kongsberg Gruppen ASA | PairCorr |
| 0.69 | NNGPF | NN Group NV | PairCorr |
| 0.69 | VXRT | Vaxart Inc | PairCorr |
| 0.68 | SULMF | Sulliden Mining Capital | PairCorr |
| 0.64 | AMKR | Amkor Technology | PairCorr |
| 0.6 | WAB | Westinghouse Air Brake | PairCorr |
| 0.6 | USAS | Americas Silver Corp | PairCorr |
| 0.59 | BCMRF | BCM Resources | PairCorr |
| 0.56 | LION | Lionsgate Studios Holding | PairCorr |
| 0.55 | CZFS | Citizens Financial | PairCorr |
| 0.53 | AREC | American Resources Corp | PairCorr |
| 0.53 | DTE | DTE Energy | PairCorr |
| 0.52 | KB | KB Financial Group | PairCorr |
| 0.46 | SBGSY | Schneider Electric | PairCorr |
| 0.45 | CNI | Canadian National Railway | PairCorr |
| 0.42 | CSX | CSX Corporation Aggressive Push | PairCorr |
| 0.42 | CJPRF | Central Japan Railway | PairCorr |
| 0.34 | CP | Canadian Pacific Railway | PairCorr |
| 0.34 | ATOM | Atomera | PairCorr |
| 0.33 | UNP | Union Pacific | PairCorr |
| 0.84 | TROO | TROOPS Inc | PairCorr |
| 0.75 | BK-PK | Bank of New York Mellon | PairCorr |
| 0.71 | UPS | United Parcel Service | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.68 | LYG | Lloyds Banking Group | PairCorr |
| 0.67 | OR | Osisko Gold Ro | PairCorr |
| 0.66 | SEAL-PB | Seapeak LLC | PairCorr |
| 0.65 | OXBDF | Oxford Biomedica plc | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FirstGroup Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GNGYF | 1.27 | (0.22) | 0.00 | (0.32) | 0.00 | 0.00 | 36.02 | |||
| ZHUZY | 1.81 | 0.70 | 0.00 | 0.79 | 0.00 | 0.00 | 61.58 | |||
| CDGLY | 3.87 | 0.52 | 0.06 | (4.99) | 4.60 | 11.98 | 42.17 | |||
| MPGPY | 2.56 | (0.97) | 0.00 | (0.71) | 0.00 | 2.44 | 62.93 | |||
| VOSSF | 0.51 | 0.22 | 0.00 | 0.67 | 0.00 | 1.82 | 12.13 | |||
| FIRRF | 0.26 | (0.15) | 0.00 | (0.89) | 0.00 | 0.00 | 8.64 | |||
| JFBHF | 1.00 | 0.53 | 0.00 | (0.81) | 0.00 | 0.00 | 8.64 | |||
| BFSAF | 0.55 | 0.26 | 0.00 | 1.11 | 0.00 | 0.00 | 18.37 | |||
| SYRVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GKTRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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.Did you try this?
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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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FirstGroup PLC Corporate Management
| Andrew Jarvis | Managing Glasgow | Profile | |
| Graham Sutherland | CEO Director | Profile | |
| David Blizzard | Company Sec | Profile | |
| Faisal Tabbah | Head of Investor Relations | Profile | |
| Janette Bell | Managing Bus | Profile | |
| Stuart Butchers | Group Communications | Profile |