Forrester Research Correlations

FORR Stock

USD 8.15 0.03 0.37%

The current 90-days correlation between Forrester Research and Roma Green Finance is 0.03 (i.e., Significant 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

Significant diversification

The correlation between Forrester Research and DJI is 0.01 (i.e., Significant 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 population.

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

Moving together with Forrester Stock

0.85	TIC	Acuren	Pair Corr
0.67	DATA	GlobalData PLC	Pair Corr
0.65	TRNR	Interactive Strength	Pair Corr

Moving against Forrester Stock

0.88	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.74	HURN	Huron Consulting	Pair Corr
0.57	CYCC	CYCC Old Symbol Change	Pair Corr
0.55	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.42	BRK-A	Berkshire Hathaway	Pair Corr
0.86	LCDX	Caliber Imaging Diag	Pair Corr
0.83	ARVN	Arvinas	Pair Corr
0.74	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.72	NAUFF	NevGold Corp	Pair Corr
0.68	PLTK	Playtika Holding Corp	Pair Corr
0.67	FTV	Fortive Corp	Pair Corr
0.67	TMSNY	Temenos Group AG	Pair Corr
0.62	CASXF	Casa Minerals	Pair Corr
0.57	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.55	SYF	Synchrony Financial	Pair Corr
0.53	SMXWW	SMX Public Limited	Pair Corr
0.46	DGWPF	Drgerwerk AG	Pair Corr
0.45	BROS	Dutch Bros	Pair Corr
0.41	DB	Deutsche Bank AG	Pair Corr
0.34	CTOWY	China TowerLimited	Pair Corr

Related Correlations Analysis

	ROMA	SRFM	RGP	GLCP	TBI	SMHI	POWW	SHIP	RCMT	DFLI
ROMA		0.12	-0.73	0.0	0.56	0.24	-0.01	-0.33	0.34	0.3	ROMA
SRFM	0.12		-0.52	0.0	0.65	-0.62	-0.84	-0.73	0.73	0.86	SRFM
RGP	-0.73	-0.52		0.0	-0.6	0.21	0.52	0.65	-0.49	-0.57	RGP
GLCP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GLCP
TBI	0.56	0.65	-0.6	0.0		-0.39	-0.42	-0.57	0.71	0.61	TBI
SMHI	0.24	-0.62	0.21	0.0	-0.39		0.7	0.59	-0.62	-0.33	SMHI
POWW	-0.01	-0.84	0.52	0.0	-0.42	0.7		0.71	-0.55	-0.68	POWW
SHIP	-0.33	-0.73	0.65	0.0	-0.57	0.59	0.71		-0.76	-0.51	SHIP
RCMT	0.34	0.73	-0.49	0.0	0.71	-0.62	-0.55	-0.76		0.6	RCMT
DFLI	0.3	0.86	-0.57	0.0	0.61	-0.33	-0.68	-0.51	0.6		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

DFLI	+ 0.86	SRFM
RCMT	+ 0.73	SRFM
RCMT	+ 0.71	TBI
SHIP	+ 0.71	POWW
POWW	+ 0.7	SMHI
TBI	+ 0.65	SRFM

High negative correlations

POWW	- 0.84	SRFM
RCMT	- 0.76	SHIP
SHIP	- 0.73	SRFM
RGP	- 0.73	ROMA
DFLI	- 0.68	POWW
RCMT	- 0.62	SMHI

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	3.38	(0.98)	0.00	(1.04)	0.00	0.00	5.95	(8.08)	25.28
SRFM	5.04	(0.77)	0.00	(0.11)	0.00	0.00	10.58	(8.50)	20.95
RGP	2.12	0.07	0.02	0.18	2.71	(2.21)	4.68	(4.49)	11.85
GLCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TBI	2.51	(0.40)	0.00	(0.20)	0.00	0.00	5.89	(4.52)	24.96
SMHI	2.72	0.06	(0.01)	(0.27)	3.13	(3.02)	5.60	(4.92)	17.74
POWW	2.51	0.20	0.08	0.21	2.93	(2.87)	6.13	(4.71)	16.03
SHIP	1.53	0.20	0.10	0.34	1.40	(1.90)	4.52	(2.39)	8.37
RCMT	1.56	(0.37)	0.00	(0.30)	0.00	0.00	3.73	(3.26)	14.59
DFLI	10.19	(1.12)	0.00	(0.03)	0.00	0.00	26.06	(18.56)	114.66

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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