FST Corp Correlations

KBSX Stock

1.38 0.02 1.43%

The current 90-days correlation between FST Corp Ordinary and Largo Resources is 0.18 (i.e., Average 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

Significant diversification

The correlation between FST Corp Ordinary and DJI is 0.07 (i.e., Significant 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 real.

Moving together with FST Stock

0.62	TND	Tandem Group	Pair Corr
0.65	RGR	Sturm Ruger	Pair Corr

Moving against FST Stock

0.66	ESCA	Escalade Incorporated	Pair Corr
0.61	HAS	Hasbro Inc	Pair Corr
0.46	MAT	Mattel Inc	Pair Corr
0.4	BC	Brunswick	Pair Corr
0.4	000017	China Bicycle	Pair Corr
0.55	YETI	YETI Holdings	Pair Corr
0.4	002348	Goldlok Toys Holdings	Pair Corr
0.39	002489	Yotrio Group	Pair Corr
0.38	ICE	Canlan Ice Sports	Pair Corr
0.33	HAYW	Hayward Holdings	Pair Corr
0.65	300005	Beijing Toread Outdoor	Pair Corr
0.61	MODG	Callaway Golf	Pair Corr
0.59	GAW	Games Workshop Group	Pair Corr
0.54	LNW	Light Wonder	Pair Corr
0.47	200017	China Bicycle	Pair Corr
0.42	301287	Jiangsu Junxia Gym	Pair Corr

Related Correlations Analysis

	LGO	NTIC	LOOP	XPL	PZG	ALTO	TSE	ORGN	NEXM	ACNT
LGO		0.2	0.69	0.67	0.33	-0.63	0.79	0.39	0.88	-0.57	LGO
NTIC	0.2		0.29	0.03	-0.22	-0.31	0.23	0.09	0.13	-0.35	NTIC
LOOP	0.69	0.29		0.65	-0.22	-0.94	0.87	0.82	0.76	-0.92	LOOP
XPL	0.67	0.03	0.65		0.12	-0.53	0.61	0.48	0.77	-0.45	XPL
PZG	0.33	-0.22	-0.22	0.12		0.21	0.09	-0.35	0.28	0.28	PZG
ALTO	-0.63	-0.31	-0.94	-0.53	0.21		-0.89	-0.83	-0.72	0.96	ALTO
TSE	0.79	0.23	0.87	0.61	0.09	-0.89		0.67	0.9	-0.83	TSE
ORGN	0.39	0.09	0.82	0.48	-0.35	-0.83	0.67		0.53	-0.87	ORGN
NEXM	0.88	0.13	0.76	0.77	0.28	-0.72	0.9	0.53		-0.66	NEXM
ACNT	-0.57	-0.35	-0.92	-0.45	0.28	0.96	-0.83	-0.87	-0.66		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

ACNT	+ 0.96	ALTO
NEXM	+ 0.9	TSE
NEXM	+ 0.88	LGO
TSE	+ 0.87	LOOP
ORGN	+ 0.82	LOOP
TSE	+ 0.79	LGO

High negative correlations

ALTO	- 0.94	LOOP
ACNT	- 0.92	LOOP
TSE	- 0.89	ALTO
ACNT	- 0.87	ORGN
ACNT	- 0.83	TSE
ORGN	- 0.83	ALTO

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	4.62	(0.76)	0.00	(0.21)	0.00	0.00	7.61	(9.77)	65.86
NTIC	1.27	(0.01)	(0.05)	(0.89)	1.60	(1.50)	2.91	(2.39)	15.80
LOOP	3.89	(0.82)	0.00	(0.25)	0.00	0.00	7.36	(7.62)	26.83
XPL	3.16	(0.11)	(0.01)	0.02	3.64	(3.77)	5.80	(6.10)	27.93
PZG	2.82	0.15	0.03	0.62	3.30	(3.29)	6.48	(5.47)	19.02
ALTO	4.08	1.64	0.43	2.08	2.82	(5.60)	13.41	(5.26)	32.45
TSE	4.98	(2.29)	0.00	(1.01)	0.00	0.00	8.86	(11.46)	28.90
ORGN	4.80	(1.43)	0.00	(0.39)	0.00	0.00	9.52	(8.70)	27.91
NEXM	3.32	(0.54)	0.00	(0.34)	0.00	0.00	6.48	(6.60)	28.08
ACNT	1.46	0.36	0.22	(359.67)	1.01	(1.94)	4.58	(2.17)	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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