Fit After Correlations

The correlation of Fit After 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fit After Fifty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Related Correlations Analysis

	NTWK	LXFR	QLYS	CDNS	FSI	AVNT	KSPI	SCL
NTWK		0.4	-0.04	-0.04	0.45	0.29	-0.47	-0.11	NTWK
LXFR	0.4		0.65	0.7	0.88	0.65	-0.58	0.24	LXFR
QLYS	-0.04	0.65		0.78	0.58	0.68	-0.13	0.54	QLYS
CDNS	-0.04	0.7	0.78		0.56	0.55	-0.26	0.42	CDNS
FSI	0.45	0.88	0.58	0.56		0.57	-0.45	0.13	FSI
AVNT	0.29	0.65	0.68	0.55	0.57		-0.51	0.7	AVNT
KSPI	-0.47	-0.58	-0.13	-0.26	-0.45	-0.51		-0.12	KSPI
SCL	-0.11	0.24	0.54	0.42	0.13	0.7	-0.12		SCL
	NTWK	LXFR	QLYS	CDNS	FSI	AVNT	KSPI	SCL

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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

FSI	+ 0.88	LXFR
CDNS	+ 0.78	QLYS
CDNS	+ 0.7	LXFR
SCL	+ 0.7	AVNT
AVNT	+ 0.68	QLYS
QLYS	+ 0.65	LXFR

High negative correlations

KSPI	- 0.58	LXFR
KSPI	- 0.51	AVNT
KSPI	- 0.47	NTWK
KSPI	- 0.45	FSI
KSPI	- 0.26	CDNS
KSPI	- 0.13	QLYS

Risk-Adjusted Indicators

There is a big difference between Fit Stock performing well and Fit After 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 Fit After'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
NTWK	1.81	(0.13)	0.00	(0.03)	0.00	0.00	3.13	(3.88)	13.18
LXFR	1.86	0.40	0.22	0.50	1.50	(2.48)	3.72	(2.67)	16.99
QLYS	1.74	0.04	0.14	0.11	1.41	(2.11)	3.17	(2.59)	26.78
CDNS	1.79	0.02	0.02	0.12	2.08	(1.93)	3.47	(4.40)	17.32
FSI	2.54	0.51	0.12	15.13	2.99	(2.97)	6.31	(4.52)	22.22
AVNT	1.35	(0.02)	0.03	0.09	1.43	(1.51)	3.08	(2.41)	7.92
KSPI	2.24	(0.29)	0.00	(0.29)	0.00	0.00	4.85	(3.69)	21.57
SCL	1.22	(0.15)	(0.05)	0.01	1.46	(1.33)	2.07	(2.72)	12.16

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Fit After Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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