FARO Technologies Correlations
| FT1 Stock | EUR 29.40 0.20 0.68% |
The current 90-days correlation between FARO Technologies and Global Ship Lease is 0.15 (i.e., Average diversification). The correlation of FARO Technologies 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.
FARO Technologies Correlation With Market
Average diversification
The correlation between FARO Technologies and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FARO Technologies and DJI in the same portfolio, assuming nothing else is changed.
FARO |
The ability to find closely correlated positions to FARO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FARO Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FARO Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FARO Technologies to buy it.
Moving together with FARO Stock
| 0.81 | 1KT | Keysight Technologies | PairCorr |
| 0.83 | F03 | Fortive | PairCorr |
| 0.82 | TYZ | Teledyne Technologies | PairCorr |
| 0.94 | TB5 | Trimble | PairCorr |
| 0.86 | MKT | MKS Instruments Earnings Call This Week | PairCorr |
| 0.7 | AF4 | Hanover Insurance | PairCorr |
| 0.92 | RHM | Rheinmetall AG | PairCorr |
| 0.73 | UNP | Union Pacific | PairCorr |
| 0.75 | UN3 | United Natural Foods | PairCorr |
| 0.72 | 7FZ | INTER CARS SA | PairCorr |
| 0.76 | SAP | SAP SE | PairCorr |
| 0.82 | KOMA | KOMATSU LTD SPONS | PairCorr |
| 0.77 | SK3 | Smurfit Kappa Group Earnings Call This Week | PairCorr |
| 0.73 | SOBA | ATT Inc | PairCorr |
| 0.81 | CAI | CDN IMPERIAL BANK | PairCorr |
| 0.79 | HU3 | Huntington Bancshares | PairCorr |
| 0.61 | ASI1 | ASICS P Earnings Call This Week | PairCorr |
Moving against FARO Stock
| 0.7 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.65 | SSU | Samsung Electronics | PairCorr |
| 0.64 | SSU | Samsung Electronics | PairCorr |
| 0.62 | SSUN | Samsung Electronics | PairCorr |
| 0.6 | BYRA | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.6 | SSUN | Samsung Electronics | PairCorr |
| 0.48 | 1GSN | Novanta | PairCorr |
| 0.62 | BZG2 | PT Bank Central | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FARO Stock performing well and FARO Technologies 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 FARO Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LLC | 1.26 | (0.18) | 0.00 | (0.38) | 0.00 | 2.70 | 8.89 | |||
| OD7B | 2.08 | 0.70 | 0.26 | (7.65) | 1.82 | 4.90 | 14.00 | |||
| 37H | 1.31 | (0.14) | 0.00 | 1.02 | 0.00 | 2.98 | 9.06 | |||
| 4T0 | 1.20 | 0.02 | (0.03) | 0.30 | 1.39 | 2.50 | 8.18 | |||
| TT8 | 2.22 | 0.13 | 0.01 | (0.62) | 2.89 | 5.63 | 18.48 | |||
| FR7 | 1.52 | 0.09 | (0.01) | (0.35) | 2.30 | 2.90 | 10.11 | |||
| WN6 | 1.37 | 0.04 | 0.00 | 0.14 | 1.58 | 3.25 | 10.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FARO Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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FARO Technologies Corporate Management
Elected by the shareholders, the FARO Technologies' board of directors comprises two types of representatives: FARO Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FARO. The board's role is to monitor FARO Technologies' management team and ensure that shareholders' interests are well served. FARO Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FARO Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Burger | CEO Pres | Profile | |
| Jason Pollock | VP COO | Profile | |
| Wesley Tilley | VP Officer | Profile | |
| Arianne Boyer | VP Officer | Profile | |
| Allen Muhich | Chief Officer | Profile | |
| Jeffrey Sexton | VP Sales | Profile | |
| Michael Carris | VP Officer | Profile |