LB Foster Correlations

FSTR Stock

USD 31.13 0.13 0.42%

The current 90-days correlation between LB Foster and Park Ohio Holdings is 0.51 (i.e., Very weak 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 poor diversification

The correlation between LB Foster and DJI is 0.8 (i.e., Very poor 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.

Build AI portfolio with FSTR Stock

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 persons.

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

Moving together with FSTR Stock

0.83	0ACC	Accelleron Industries	Pair Corr
0.69	FUCA	FANUC PUNSPADR 110	Pair Corr
0.89	HI	Hillenbrand	Pair Corr
0.8	HY	Hyster Yale Materials	Pair Corr
0.93	IR	Ingersoll Rand	Pair Corr
0.91	PH	Parker Hannifin	Pair Corr
0.69	PL	Planet Labs PBC Aggressive Push	Pair Corr
0.89	OSG	OSG Corporation	Pair Corr
0.81	21T	Bodycote PLC	Pair Corr
0.67	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.62	MBH3	Maschinenfabrik Berthold	Pair Corr
0.66	NVJP	Umicore SA Earnings Call Today	Pair Corr
0.85	EAAS	Eenergy Group PLC	Pair Corr
0.62	STGN	Starrag Group Holding	Pair Corr
0.9	IMI1	IMI plc	Pair Corr
0.77	CE3	Chongqing Machinery	Pair Corr
0.89	HZ8	Insteel Industries	Pair Corr
0.85	DZR	AVINGTRANS LS 05 Earnings Call This Week	Pair Corr
0.68	TWN	Twin Disc	Pair Corr
0.8	NDX1	Nordex SE Earnings Call This Week	Pair Corr
0.89	PFV	Pfeiffer Vacuum Tech	Pair Corr

Moving against FSTR Stock

0.77	INRN	Interroll Holding	Pair Corr
0.7	FQ4	OCEAN GEOLOOP AS	Pair Corr
0.59	D7G	Nel ASA Earnings Call This Week	Pair Corr
0.42	WATR	Current Water Techno	Pair Corr
0.85	EPOW	Sunrise New Energy	Pair Corr
0.73	7YA	M VEST WATER	Pair Corr

Related Correlations Analysis

	PKOH	NL	QUAD	RLGT	CIX	BNC	OFLX	CVEO	ACCO	GASS
PKOH		0.75	0.68	0.93	0.63	-0.48	0.89	0.92	0.85	0.74	PKOH
NL	0.75		0.5	0.71	0.65	-0.49	0.83	0.81	0.85	0.86	NL
QUAD	0.68	0.5		0.68	0.48	0.05	0.61	0.56	0.78	0.44	QUAD
RLGT	0.93	0.71	0.68		0.62	-0.44	0.86	0.89	0.83	0.73	RLGT
CIX	0.63	0.65	0.48	0.62		-0.55	0.71	0.71	0.69	0.64	CIX
BNC	-0.48	-0.49	0.05	-0.44	-0.55		-0.59	-0.66	-0.35	-0.63	BNC
OFLX	0.89	0.83	0.61	0.86	0.71	-0.59		0.95	0.92	0.9	OFLX
CVEO	0.92	0.81	0.56	0.89	0.71	-0.66	0.95		0.87	0.88	CVEO
ACCO	0.85	0.85	0.78	0.83	0.69	-0.35	0.92	0.87		0.87	ACCO
GASS	0.74	0.86	0.44	0.73	0.64	-0.63	0.9	0.88	0.87		GASS
	PKOH	NL	QUAD	RLGT	CIX	BNC	OFLX	CVEO	ACCO	GASS

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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

CVEO	+ 0.95	OFLX
RLGT	+ 0.93	PKOH
CVEO	+ 0.92	PKOH
ACCO	+ 0.92	OFLX
GASS	+ 0.9	OFLX
OFLX	+ 0.89	PKOH

High negative correlations

CVEO	- 0.66	BNC
GASS	- 0.63	BNC
OFLX	- 0.59	BNC
BNC	- 0.55	CIX
BNC	- 0.49	NL
BNC	- 0.48	PKOH

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
PKOH	1.95	0.41	0.19	0.38	1.86	(2.23)	5.26	(3.57)	10.51
NL	2.21	0.18	0.07	0.24	2.31	(2.59)	5.51	(4.21)	20.34
QUAD	1.62	0.26	0.10	0.27	2.38	(1.73)	3.40	(4.72)	11.32
RLGT	1.79	0.30	0.14	0.23	1.96	(2.00)	3.86	(3.68)	23.53
CIX	1.76	0.16	0.04	(0.55)	2.06	(2.09)	3.22	(4.00)	19.01
BNC	4.22	(0.30)	0.00	(0.08)	0.00	0.00	9.58	(8.02)	35.96
OFLX	1.98	0.35	0.18	0.26	1.90	(2.39)	4.53	(3.44)	13.45
CVEO	0.96	0.33	0.32	0.42	0.54	(1.14)	2.53	(1.39)	4.52
ACCO	1.35	0.24	0.15	0.25	1.25	(1.54)	3.25	(2.48)	7.18
GASS	1.32	0.25	0.15	0.38	1.22	(1.62)	3.48	(1.99)	9.52

LB Foster Corporate Management

Patrick Esq	General VP	Profile
Stephanie Listwak	Investor Manager	Profile
Bob Ness	Senior Products	Profile
Sean CPA	Corporate Officer	Profile

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