FST Corp Correlations

KBSX Stock

1.20 0.00 0.00%

The current 90-days correlation between FST Corp Ordinary and Northern Technologies is -0.07 (i.e., Good diversification). The correlation of FST Corp 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.

FST Corp Correlation With Market

Excellent diversification

The correlation between FST Corp Ordinary and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FST Corp Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FST Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in FST Corp Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with FST Stock

0.61	BEN	Bnteau SA	Pair Corr
0.79	POOL	Pool Safe	Pair Corr
0.74	YMAT	J Star Holding	Pair Corr

Moving against FST Stock

0.83	4GY	Gym Group Earnings Call This Week	Pair Corr
0.82	HAS	Hasbro Inc	Pair Corr
0.8	ESCA	Escalade Incorporated	Pair Corr
0.76	3ZV	BENEFIT SYSTEMS ZY	Pair Corr
0.74	CDA	Compagnie des Alpes	Pair Corr
0.68	WAT	Waterco	Pair Corr
0.67	RGR	Sturm Ruger	Pair Corr
0.62	BC	Brunswick	Pair Corr
0.45	DOO	BRP Inc Symbol Change	Pair Corr
0.42	SBE	SPOBAG AG	Pair Corr
0.34	XPF	XP Factory PLC	Pair Corr
0.84	GOLF	Acushnet Holdings Corp	Pair Corr
0.78	1SG	MasterCraft Boat Holdings	Pair Corr
0.76	6SZA	SANLORENZO IN SIGLA Earnings Call This Week	Pair Corr
0.72	B4F	Basic Fit NV	Pair Corr
0.69	XXT	Olympique Lyonnais Groupe	Pair Corr
0.68	FU2	Funko Inc Earnings Call This Week	Pair Corr
0.61	BWI	Brunswick	Pair Corr
0.56	MTP	Münchener Tierpark	Pair Corr
0.56	JAKK	JAKKS Pacific	Pair Corr
0.54	TIV	Thor Industries Earnings Call Today	Pair Corr
0.46	PKTM	PIERER Mobility AG	Pair Corr
0.37	YETI	YETI Holdings	Pair Corr
0.34	ICE	Canlan Ice Sports	Pair Corr

Related Correlations Analysis

	LGO	NTIC	LOOP	XPL	PZG	ALTO	TSE	ORGN	NEXM	ACNT
LGO		0.74	0.83	0.79	0.88	-0.1	-0.66	-0.69	0.06	0.79	LGO
NTIC	0.74		0.68	0.81	0.6	-0.05	-0.57	-0.79	0.36	0.71	NTIC
LOOP	0.83	0.68		0.69	0.86	-0.33	-0.48	-0.55	-0.09	0.68	LOOP
XPL	0.79	0.81	0.69		0.77	-0.01	-0.74	-0.81	0.28	0.75	XPL
PZG	0.88	0.6	0.86	0.77		-0.18	-0.74	-0.66	-0.17	0.79	PZG
ALTO	-0.1	-0.05	-0.33	-0.01	-0.18		-0.15	-0.23	0.25	0.09	ALTO
TSE	-0.66	-0.57	-0.48	-0.74	-0.74	-0.15		0.8	0.0	-0.82	TSE
ORGN	-0.69	-0.79	-0.55	-0.81	-0.66	-0.23	0.8		-0.24	-0.9	ORGN
NEXM	0.06	0.36	-0.09	0.28	-0.17	0.25	0.0	-0.24		-0.06	NEXM
ACNT	0.79	0.71	0.68	0.75	0.79	0.09	-0.82	-0.9	-0.06		ACNT
	LGO	NTIC	LOOP	XPL	PZG	ALTO	TSE	ORGN	NEXM	ACNT

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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

PZG	+ 0.88	LGO
PZG	+ 0.86	LOOP
LOOP	+ 0.83	LGO
XPL	+ 0.81	NTIC
ORGN	+ 0.8	TSE
XPL	+ 0.79	LGO

High negative correlations

ACNT	- 0.9	ORGN
ACNT	- 0.82	TSE
ORGN	- 0.81	XPL
ORGN	- 0.79	NTIC
TSE	- 0.74	PZG
TSE	- 0.74	XPL

Risk-Adjusted Indicators

There is a big difference between FST Stock performing well and FST Corp 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 FST Corp'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
LGO	4.34	1.03	0.21	0.37	4.77	(5.01)	11.31	(6.80)	38.51
NTIC	1.89	0.27	0.12	0.65	1.70	(2.23)	5.26	(3.14)	13.02
LOOP	2.37	0.22	0.07	0.25	2.74	(2.76)	5.60	(4.50)	13.82
XPL	2.39	0.41	0.13	0.50	2.30	(3.12)	6.06	(4.35)	14.92
PZG	4.31	1.38	0.25	(1.01)	3.69	(5.53)	13.11	(6.72)	33.96
ALTO	3.51	0.20	0.04	0.83	3.71	(4.36)	8.95	(6.27)	23.99
TSE	6.40	(1.52)	0.00	(1.25)	0.00	0.00	14.58	(15.38)	53.43
ORGN	4.63	(1.75)	0.00	(0.47)	0.00	0.00	6.82	(8.70)	30.08
NEXM	3.51	0.28	0.05	(4.58)	4.01	(3.90)	8.77	(7.27)	21.46
ACNT	1.23	0.31	0.17	(3.04)	0.99	(1.55)	3.50	(1.99)	10.64

FST Corp Corporate Management

HuiTing Hsu	Accounting Manager	Profile
Zhong Huang	Head Office	Profile
ChengTeng Huang	Chief Officer	Profile
Sebastian Tadla	Chief Officer	Profile

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