Frontdoor Correlations

FTDR Stock  USD 56.28  0.37  0.65%   
The current 90-days correlation between Frontdoor and Sealed Air is 0.08 (i.e., Significant diversification). The correlation of Frontdoor 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.

Frontdoor Correlation With Market

Very poor diversification

The correlation between Frontdoor and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontdoor 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 Frontdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
To learn how to invest in Frontdoor Stock, please use our How to Invest in Frontdoor guide.

Moving together with Frontdoor Stock

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  0.88IEL Idp EducationPairCorr
  0.66LGCY Legacy EducationPairCorr
  0.85LINC Lincoln EducationalPairCorr
  0.69LOPE Grand Canyon Education Earnings Call This WeekPairCorr
  0.79FOOD Goodfood Market CorpPairCorr
  0.903F IDP EDUCATION LTDPairCorr
  0.85LA3A Laureate EducationPairCorr

Moving against Frontdoor Stock

  0.89COE 51Talk Online EducationPairCorr
  0.87YSXT YSX TechPairCorr
  0.77SGN Signing Day SportsPairCorr
  0.66EEIQ Elite Education GroupPairCorr
  0.6GNS Genius GroupPairCorr
  0.43VSA TCTM Kids IT Symbol ChangePairCorr
  0.41GV Visionary EducationPairCorr
  0.33HRB HR BlockPairCorr
  0.83AMBO Ambow Education HoldingPairCorr
  0.74COUR CourseraPairCorr
  0.6AACG ATA Creativity GlobalPairCorr
  0.32SKIL Skillsoft CorpPairCorr

Related Correlations Analysis


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

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High negative correlations

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Risk-Adjusted Indicators

There is a big difference between Frontdoor Stock performing well and Frontdoor 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 Frontdoor'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SEE  0.78  0.28  0.16 (0.35) 0.49 
 1.70 
 19.98 
GPK  1.83 (0.42) 0.00 (0.23) 0.00 
 3.59 
 20.88 
REYN  1.12 (0.13) 0.00 (0.16) 0.00 
 2.08 
 14.27 
GOLF  1.19  0.32  0.27  0.39  0.82 
 2.91 
 6.02 
EAT  2.16  0.65  0.27  0.78  1.84 
 6.16 
 12.88 
MTH  1.74  0.18  0.11  0.22  1.50 
 4.04 
 13.79 
CROX  1.71 (0.01) 0.00  0.08  2.14 
 3.73 
 11.33 
BFAM  1.35 (0.28) 0.00 (0.50) 0.00 
 3.40 
 7.99 
ABG  1.57 (0.15) 0.00 (0.01) 0.00 
 3.65 
 12.64 
GPI  1.30 (0.30) 0.00 (0.30) 0.00 
 2.58 
 11.48 

Frontdoor Corporate Management

Evan IversonSenior OfficerProfile
Sally ShanksController OfficerProfile
Raj MidhaChief Marketing Officer and Strategy OfficerProfile
Meredith DiagostinoVice OfficerProfile