LB Foster Correlations

FSTR Stock

USD 28.43 0.86 3.12%

The current 90-days correlation between LB Foster and Park Ohio Holdings is 0.55 (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

Weak diversification

The correlation between LB Foster and DJI is 0.33 (i.e., 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.

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 real.

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

Moving together with FSTR Stock

0.65	RFG	Roebuck Food Group	Pair Corr
0.61	DCI	Donaldson	Pair Corr
0.64	DOV	Dover	Pair Corr
0.61	FTV	Fortive Corp	Pair Corr
0.63	GRC	Gorman Rupp	Pair Corr

Moving against FSTR Stock

0.45	WATR	Current Water Techno	Pair Corr
0.42	301053	Yoantion Industrial	Pair Corr
0.37	ESE	ESCO Technologies	Pair Corr
0.34	DPRO	Draganfly Upward Rally	Pair Corr
0.34	EML	Eastern	Pair Corr
0.55	XOS	Xos Inc	Pair Corr
0.44	300031	Wuxi Boton Technology	Pair Corr
0.42	NVX	Novonix Ltd ADR Buyout Trend	Pair Corr
0.31	XYL	Xylem Inc	Pair Corr

Related Correlations Analysis

	PKOH	NL	QUAD	RLGT	CIX	BNC	OFLX	CVEO	ACCO	GASS
PKOH		0.12	0.85	0.87	0.25	0.02	0.58	0.51	0.35	0.42	PKOH
NL	0.12		0.04	-0.07	0.09	0.61	0.36	-0.01	0.62	-0.39	NL
QUAD	0.85	0.04		0.86	0.38	0.05	0.66	0.56	0.38	0.4	QUAD
RLGT	0.87	-0.07	0.86		0.22	-0.16	0.59	0.6	0.16	0.66	RLGT
CIX	0.25	0.09	0.38	0.22		0.05	0.45	0.24	0.38	0.02	CIX
BNC	0.02	0.61	0.05	-0.16	0.05		0.4	-0.32	0.63	-0.59	BNC
OFLX	0.58	0.36	0.66	0.59	0.45	0.4		0.41	0.7	0.24	OFLX
CVEO	0.51	-0.01	0.56	0.6	0.24	-0.32	0.41		0.31	0.62	CVEO
ACCO	0.35	0.62	0.38	0.16	0.38	0.63	0.7	0.31		-0.19	ACCO
GASS	0.42	-0.39	0.4	0.66	0.02	-0.59	0.24	0.62	-0.19		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

RLGT	+ 0.87	PKOH
RLGT	+ 0.86	QUAD
QUAD	+ 0.85	PKOH
ACCO	+ 0.7	OFLX
OFLX	+ 0.66	QUAD
GASS	+ 0.66	RLGT

High negative correlations

GASS	- 0.59	BNC
GASS	- 0.39	NL
CVEO	- 0.32	BNC
GASS	- 0.19	ACCO
BNC	- 0.16	RLGT
RLGT	- 0.07	NL

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	1.90	(0.01)	0.01	0.07	2.54	(2.02)	3.63	(3.66)	14.74
NL	2.06	(0.12)	0.00	(0.02)	0.00	0.00	5.51	(3.51)	11.49
QUAD	1.82	0.09	0.03	0.16	3.29	(1.72)	3.40	(4.42)	16.14
RLGT	1.21	0.08	0.05	0.14	1.34	(1.34)	2.71	(1.94)	8.55
CIX	1.60	0.02	(0.03)	(0.51)	2.02	(1.98)	3.20	(2.51)	19.01
BNC	4.52	(0.83)	0.00	(0.17)	0.00	0.00	9.58	(10.60)	35.96
OFLX	1.69	(0.04)	(0.01)	0.05	1.91	(1.87)	3.87	(2.83)	11.55
CVEO	1.47	0.09	0.04	0.17	2.13	(1.55)	2.88	(2.15)	14.66
ACCO	1.51	(0.11)	0.00	(0.28)	0.00	0.00	3.12	(3.93)	9.71
GASS	1.20	0.24	0.14	0.68	1.05	(1.47)	2.68	(1.91)	8.25

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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