Ferguson Plc Correlations
| FERG Stock | 16,850 240.00 1.40% |
The current 90-days correlation between Ferguson Plc and Tata Steel Limited is 0.17 (i.e., Average diversification). The correlation of Ferguson Plc 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.
Ferguson Plc Correlation With Market
Weak diversification
The correlation between Ferguson Plc and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferguson Plc and DJI in the same portfolio, assuming nothing else is changed.
Ferguson |
The ability to find closely correlated positions to Ferguson Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ferguson Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ferguson Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ferguson Plc to buy it.
Moving together with Ferguson Stock
| 0.75 | BC94 | Samsung Electronics | PairCorr |
| 0.74 | SMSN | Samsung Electronics | PairCorr |
| 0.73 | SMSD | Samsung Electronics | PairCorr |
| 0.71 | TYT | Toyota Motor Corp | PairCorr |
| 0.69 | RIGD | Reliance Industries | PairCorr |
| 0.77 | NXT | Next PLC | PairCorr |
| 0.64 | PRV | Porvair plc | PairCorr |
| 0.75 | 0R2T | Micron Technology Earnings Call This Week | PairCorr |
| 0.62 | 0RG8 | Sartorius Stedim Biotech | PairCorr |
| 0.63 | ABDX | Abingdon Health Plc | PairCorr |
| 0.82 | AEO | Aeorema Communications | PairCorr |
| 0.67 | ARR | Aurora Investment Trust | PairCorr |
| 0.72 | RICA | Ruffer Investment | PairCorr |
| 0.74 | RNWH | Renew Holdings plc | PairCorr |
| 0.69 | WWH | Worldwide Healthcare | PairCorr |
| 0.83 | JFJ | JPMorgan Japanese Earnings Call This Week | PairCorr |
| 0.72 | BIOG | Biotech Growth | PairCorr |
Moving against Ferguson Stock
| 0.41 | CABP | CAB Payments Holdings | PairCorr |
| 0.35 | ECO | Eco Oil Gas | PairCorr |
| 0.31 | TENG | Ten Lifestyle Group | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ferguson Stock performing well and Ferguson Plc 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 Ferguson Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YNGN | 1.20 | 0.12 | 0.02 | (0.34) | 1.24 | 2.52 | 8.09 | |||
| TTST | 1.64 | (0.04) | 0.00 | (0.08) | 0.00 | 3.08 | 10.10 | |||
| MONY | 0.74 | (0.16) | 0.00 | (0.65) | 0.00 | 0.97 | 7.30 | |||
| 0K50 | 1.18 | (0.24) | 0.00 | (8.59) | 0.00 | 2.35 | 6.92 | |||
| IHG | 0.96 | 0.20 | 0.17 | 1.01 | 0.63 | 2.60 | 6.28 | |||
| 0LHR | 1.05 | 0.10 | 0.06 | 0.23 | 1.10 | 2.58 | 8.64 | |||
| 0NY8 | 1.24 | (0.03) | 0.00 | 0.04 | 3.08 | 1.40 | 20.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ferguson Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ferguson Plc Corporate Management
Elected by the shareholders, the Ferguson Plc's board of directors comprises two types of representatives: Ferguson Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ferguson. The board's role is to monitor Ferguson Plc's management team and ensure that shareholders' interests are well served. Ferguson Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ferguson Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andy Paisley | Chief Officer | Profile | |
| Victoria Morrissey | Chief Officer | Profile | |
| Bill Thees | Sr Sales | Profile | |
| Ian Graham | Corporate Officer | Profile | |
| Todd Young | Senior Sales | Profile | |
| Allison Stirrup | Chief Officer | Profile |