LB Foster Correlations

FSTR Stock

USD 27.80 0.53 1.94%

The current 90-days correlation between LB Foster and Freightcar America is 0.07 (i.e., Significant diversification). The correlation of LB Foster 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.

LB Foster Correlation With Market

Very weak diversification

The correlation between LB Foster and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LB Foster and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in FSTR Stock, please use our How to Invest in LB Foster guide.

Moving together with FSTR Stock

0.86	GFF	Griffon	Pair Corr
0.75	ALSN	Allison Transmission	Pair Corr
0.89	G	Genpact Limited	Pair Corr
0.8	R	Ryder System	Pair Corr
0.83	AL	Air Lease	Pair Corr
0.7	AZ	A2Z Smart Technologies	Pair Corr
0.91	BE	Bloom Energy Corp	Pair Corr
0.81	BR	Broadridge Financial	Pair Corr
0.84	CR	Crane Company	Pair Corr
0.62	IR	Ingersoll Rand	Pair Corr
0.86	KC	Kingsoft Cloud Holdings Trending	Pair Corr

Moving against FSTR Stock

0.74	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.7	SLDP	Solid Power	Pair Corr
0.6	EFSH	1847 Holdings LLC	Pair Corr
0.44	ZEO	Zeo Energy Corp Symbol Change	Pair Corr
0.44	PITA	Heramba Electric plc	Pair Corr
0.41	SLDPW	Solid Power	Pair Corr
0.4	FBYD	Falcons Beyond Global,	Pair Corr
0.38	WPRT	Westport Fuel Systems	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	CP	Canadian Pacific Railway	Pair Corr
0.36	AP	Ampco Pittsburgh	Pair Corr
0.35	FA	First Advantage Corp	Pair Corr
0.34	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.74	ST	Sensata Technologies	Pair Corr
0.6	MG	Mistras Group	Pair Corr
0.58	OP	Oceanpal	Pair Corr
0.57	HY	Hyster Yale Materials	Pair Corr
0.47	RR	Richtech Robotics Class	Pair Corr
0.43	SB	Safe Bulkers Potential Growth	Pair Corr

Related Correlations Analysis

	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
TRN		0.53	0.93	0.62	0.86	0.66	-0.57	-0.73	-0.64	TRN
RAIL	0.53		0.7	0.25	0.5	0.16	-0.61	-0.36	-0.49	RAIL
WAB	0.93	0.7		0.58	0.87	0.57	-0.68	-0.72	-0.73	WAB
NSC	0.62	0.25	0.58		0.73	0.74	-0.1	-0.56	-0.45	NSC
GBX	0.86	0.5	0.87	0.73		0.54	-0.66	-0.84	-0.81	GBX
CSX	0.66	0.16	0.57	0.74	0.54		0.06	-0.31	-0.17	CSX
UNP	-0.57	-0.61	-0.68	-0.1	-0.66	0.06		0.74	0.85	UNP
CP	-0.73	-0.36	-0.72	-0.56	-0.84	-0.31	0.74		0.93	CP
CNI	-0.64	-0.49	-0.73	-0.45	-0.81	-0.17	0.85	0.93		CNI
	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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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

WAB	+ 0.93	TRN
CNI	+ 0.93	CP
GBX	+ 0.87	WAB
GBX	+ 0.86	TRN
CNI	+ 0.85	UNP
CSX	+ 0.74	NSC

High negative correlations

CP	- 0.84	GBX
CNI	- 0.81	GBX
CNI	- 0.73	WAB
CP	- 0.73	TRN
CP	- 0.72	WAB
UNP	- 0.68	WAB

Risk-Adjusted Indicators

There is a big difference between FSTR Stock performing well and LB Foster 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 LB Foster'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
TRN	1.46	0.06	0.07	0.15	1.80	(1.50)	2.85	(3.25)	11.92
RAIL	5.60	0.92	0.11	0.89	7.67	(6.16)	10.76	(9.73)	49.53
WAB	0.85	0.16	0.20	0.26	0.55	(1.09)	2.14	(1.07)	5.10
NSC	1.27	0.01	0.06	0.12	1.31	(1.38)	2.69	(2.27)	12.14
GBX	1.54	0.42	0.35	0.43	0.82	(1.87)	3.46	(2.32)	19.01
CSX	1.20	(0.05)	0.00	0.09	1.79	(1.26)	2.20	(2.44)	11.99
UNP	0.97	(0.14)	(0.09)	0.00	1.40	(0.90)	1.72	(2.01)	8.64
CP	0.93	(0.15)	0.00	(0.12)	0.00	0.00	2.07	(1.66)	4.89
CNI	0.87	(0.16)	0.00	(0.04)	0.00	0.00	2.21	(1.71)	5.28

LB Foster Corporate Management

Patrick Esq	General VP	Profile
Peter Jones	Senior Solutions	Profile
Stephanie Listwak	Investor Manager	Profile
James Bogdan	ESG Lead	Profile
Brian Friedman	Senior Officer	Profile

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