Franklin Covey Correlations

FC Stock

USD 23.04 0.48 2.13%

The current 90-days correlation between Franklin Covey and Thermon Group Holdings is 0.12 (i.e., Average diversification). The correlation of Franklin Covey 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.

Franklin Covey Correlation With Market

Modest diversification

The correlation between Franklin Covey and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Covey and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Covey. 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.

For information on how to trade Franklin Stock refer to our How to Trade Franklin Stock guide.

Moving together with Franklin Stock

0.84	G	Genpact Limited	Pair Corr
0.84	KC	Kingsoft Cloud Holdings Downward Rally	Pair Corr
0.77	LZ	LegalZoom	Pair Corr
0.61	MG	Mistras Group	Pair Corr
0.91	DLHC	DLH Holdings Corp	Pair Corr
0.95	VCIG	VCI Global Limited	Pair Corr
0.77	VIRC	Virco Manufacturing	Pair Corr
0.74	VLTO	Veralto Sell-off Trend	Pair Corr
0.81	EXLS	ExlService Holdings	Pair Corr
0.9	EXPO	Exponent	Pair Corr
0.67	ABM	ABM Industries	Pair Corr
0.94	AWX	Avalon Holdings	Pair Corr
0.61	AXR	AMREP	Pair Corr
0.62	BRC	Brady Earnings Call This Week	Pair Corr
0.61	CBZ	CBIZ Inc	Pair Corr
0.76	FORR	Forrester Research	Pair Corr
0.82	FOUR	Shift4 Payments	Pair Corr
0.85	DLX	Deluxe	Pair Corr

Moving against Franklin Stock

0.77	ESGL	ESGL Holdings Limited	Pair Corr
0.7	NL	NL Industries Earnings Call This Week	Pair Corr
0.48	WLDN	Willdan Group	Pair Corr
0.47	ACU	Acme United	Pair Corr
0.37	VSEC	VSE Corporation	Pair Corr
0.83	CXW	CoreCivic	Pair Corr
0.66	III	Information Services	Pair Corr
0.55	GFL	Gfl Environmental	Pair Corr
0.48	GEO	Geo Group	Pair Corr

Related Correlations Analysis

	CRAI	THR	FORR	FOR	ALG
CRAI		0.75	0.69	0.78	0.73	CRAI
THR	0.75		0.48	0.77	0.9	THR
FORR	0.69	0.48		0.69	0.45	FORR
FOR	0.78	0.77	0.69		0.71	FOR
ALG	0.73	0.9	0.45	0.71		ALG
	CRAI	THR	FORR	FOR	ALG

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Risk-Adjusted Indicators

There is a big difference between Franklin Stock performing well and Franklin Covey 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 Franklin Covey'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
CRAI	1.83	0.08	0.05	0.07	2.24	(2.00)	3.64	(3.75)	17.71
THR	2.01	0.27	0.09	0.16	2.51	(2.14)	4.19	(3.50)	16.54
FORR	2.60	(0.49)	0.00	(1.49)	0.00	0.00	4.65	(5.50)	14.01
FOR	1.78	(0.09)	0.00	(0.18)	0.00	0.00	4.41	(3.54)	12.74
ALG	1.58	0.22	0.11	0.18	1.92	(1.64)	3.74	(3.07)	12.73

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