Forrester Research Correlations

FORR Stock

USD 5.88 0.11 1.91%

The current 90-days correlation between Forrester Research and Roma Green Finance is 0.1 (i.e., Average diversification). The correlation of Forrester Research 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.

Forrester Research Correlation With Market

Average diversification

The correlation between Forrester Research and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forrester Research and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Forrester Stock

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

To learn how to invest in Forrester Stock, please use our How to Invest in Forrester Research guide.

Moving together with Forrester Stock

0.7	FCN	FTI Consulting	Pair Corr
0.68	STN	Stantec Earnings Call This Week	Pair Corr
0.68	TIC	Acuren	Pair Corr
0.76	HURN	Huron Consulting Earnings Call This Week	Pair Corr
0.8	FCQ	FTI Consulting Earnings Call This Week	Pair Corr
0.74	ICFI	ICF International Earnings Call This Week	Pair Corr
0.74	IPZ	Ipsos SA Earnings Call This Week	Pair Corr
0.81	ELIX	Elixirr International Plc	Pair Corr

Moving against Forrester Stock

0.62	NCI	Neo Concept Internat Trending	Pair Corr
0.57	XE1	AXON PARTNERS GRP	Pair Corr
0.43	WFCF	Where Food Comes	Pair Corr
0.35	SOP	Synertec	Pair Corr

Related Correlations Analysis

	ROMA	SRFM	RGP	GLCP	TBI	SMHI	POWW	SHIP	RCMT	DFLI
ROMA		-0.4	-0.18	0.0	0.23	0.48	-0.16	0.12	0.03	0.37	ROMA
SRFM	-0.4		0.07	0.0	0.04	-0.36	-0.06	-0.31	0.1	0.04	SRFM
RGP	-0.18	0.07		0.0	-0.12	-0.35	0.16	-0.71	0.63	0.4	RGP
GLCP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GLCP
TBI	0.23	0.04	-0.12	0.0		-0.02	-0.34	-0.1	0.3	-0.02	TBI
SMHI	0.48	-0.36	-0.35	0.0	-0.02		0.39	0.49	-0.4	0.4	SMHI
POWW	-0.16	-0.06	0.16	0.0	-0.34	0.39		0.26	-0.02	0.27	POWW
SHIP	0.12	-0.31	-0.71	0.0	-0.1	0.49	0.26		-0.45	-0.28	SHIP
RCMT	0.03	0.1	0.63	0.0	0.3	-0.4	-0.02	-0.45		0.12	RCMT
DFLI	0.37	0.04	0.4	0.0	-0.02	0.4	0.27	-0.28	0.12		DFLI
	ROMA	SRFM	RGP	GLCP	TBI	SMHI	POWW	SHIP	RCMT	DFLI

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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

RCMT	+ 0.63	RGP
SHIP	+ 0.49	SMHI
SMHI	+ 0.48	ROMA
DFLI	+ 0.4	RGP
DFLI	+ 0.4	SMHI
POWW	+ 0.39	SMHI

High negative correlations

SHIP	- 0.71	RGP
RCMT	- 0.45	SHIP
RCMT	- 0.4	SMHI
SRFM	- 0.4	ROMA
SMHI	- 0.36	SRFM
SMHI	- 0.35	RGP

Risk-Adjusted Indicators

There is a big difference between Forrester Stock performing well and Forrester Research 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 Forrester Research'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
ROMA	8.07	0.34	0.05	0.13	9.90	(10.43)	29.11	(12.73)	105.24
SRFM	4.80	(0.39)	0.00	(0.05)	0.00	0.00	13.11	(7.73)	33.51
RGP	2.07	(0.27)	0.00	(0.17)	0.00	0.00	4.16	(4.12)	20.76
GLCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TBI	2.51	(0.38)	0.00	(0.21)	0.00	0.00	5.71	(4.59)	15.75
SMHI	2.72	0.00	0.00	0.05	3.11	(2.96)	6.07	(5.37)	16.95
POWW	2.35	0.12	0.04	0.16	2.74	(2.77)	5.59	(4.71)	14.19
SHIP	1.84	0.61	0.31	1.82	1.41	(2.25)	5.16	(2.74)	9.88
RCMT	1.67	(0.06)	(0.03)	0.00	1.92	(2.22)	4.02	(3.53)	14.26
DFLI	6.86	(1.34)	0.00	(0.25)	0.00	0.00	13.98	(18.33)	58.61

Forrester Research Corporate Management

Brendan Witcher	VP Analyst	Profile
Ryan JD	Chief Secretary	Profile
Jobina Gonsalves	Chief Officer	Profile
Steven Peltzman	Chief Business Technology Officer	Profile
Nate Swan	Chief Officer	Profile
Sharyn Leaver	Chief Officer	Profile

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