Frontdoor Correlations

FTDR Stock  USD 58.46  0.15  0.26%   
The current 90-days correlation between Frontdoor and Sealed Air is 0.05 (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

Modest diversification

The correlation between Frontdoor and DJI is 0.26 (i.e., Modest 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 small area income & poverty estimates.
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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  0.91GEM G8 EducationPairCorr
  0.79EEIQ Elite Education GroupPairCorr
  0.9ADT ADT IncPairCorr
  0.89CSV Carriage ServicesPairCorr
  0.69GNS Genius GroupPairCorr
  0.81HRB HR BlockPairCorr
  0.86KLC KinderCare LearningPairCorr
  0.84LRN Stride IncPairCorr
  0.71RGS Regis CommonPairCorr
  0.77SCI Service InternationalPairCorr
  0.78SGN Signing Day Sports,PairCorr
  0.84STG Sunlands TechnologyPairCorr
  0.76UTI Universal TechnicalPairCorr
  0.85VSA TCTM Kids IT Symbol ChangePairCorr
  0.84GOTU Gaotu Techedu DRCPairCorr
  0.81IEL Idp EducationPairCorr

Moving against Frontdoor Stock

  0.62AFL Af Legal GroupPairCorr
  0.85NXD Nexted GroupPairCorr
  0.36600661 Shanghai Xin NanyangPairCorr
  0.59002830 Shenzhen MingdiaoPairCorr
  0.53605098 Shanghai Action EducationPairCorr

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

GPIABG
GPIGPK
CROXEAT
CROXGOLF
EATGOLF
GOLFSEE
  

High negative correlations

GPKSEE
GPISEE
GPIREYN
GOLFGPK
ABGSEE
REYNGPK

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  1.36  0.37  0.21 (3.15) 1.02 
 2.49 
 19.98 
GPK  1.44 (0.36) 0.00 (0.88) 0.00 
 2.76 
 17.54 
REYN  0.96  0.02 (0.03) 0.30  1.34 
 2.36 
 9.71 
GOLF  1.13  0.15  0.07  0.66  1.17 
 2.65 
 6.14 
EAT  2.20  0.21  0.03 (0.27) 2.57 
 6.16 
 12.14 
MTH  1.45 (0.17) 0.00 (0.16) 0.00 
 3.40 
 9.87 
CROX  1.97  0.30  0.09 (0.75) 2.10 
 5.12 
 12.66 
BFAM  1.61 (0.06) 0.00 (1.54) 0.00 
 3.40 
 23.49 
ABG  1.44  0.03 (0.04)(0.01) 1.79 
 2.87 
 8.25 
GPI  1.35 (0.13) 0.00  1.00  0.00 
 2.79 
 10.14 

Frontdoor Corporate Management

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