Forrester Research Correlations

FORR Stock

USD 9.56 0.02 0.21%

The current 90-days correlation between Forrester Research and CRA International is 0.34 (i.e., Weak diversification). The correlation of Forrester Research 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.

Forrester Research Correlation With Market

Good diversification

The correlation between Forrester Research and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forrester Research and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Forrester Stock

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

To learn how to invest in Forrester Stock, please use our How to Invest in Forrester Research guide.

Moving together with Forrester Stock

0.64

DRVN

Driven Brands Holdings

Pair Corr

Moving against Forrester Stock

0.52	CDTG	CDT Environmental	Pair Corr
0.42	DSS	DSS Inc	Pair Corr
0.35	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.46	MG	Mistras Group	Pair Corr
0.34	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	CRAI	EXPO	FC	FCN	FWRD	GABC	HURN	ICFI
CRAI		-0.27	0.55	-0.03	0.56	0.67	0.19	0.51	CRAI
EXPO	-0.27		0.14	0.17	-0.47	-0.18	0.28	0.04	EXPO
FC	0.55	0.14		-0.32	-0.13	-0.07	0.36	0.23	FC
FCN	-0.03	0.17	-0.32		-0.12	0.25	0.44	0.28	FCN
FWRD	0.56	-0.47	-0.13	-0.12		0.71	-0.51	0.28	FWRD
GABC	0.67	-0.18	-0.07	0.25	0.71		0.02	0.46	GABC
HURN	0.19	0.28	0.36	0.44	-0.51	0.02		0.14	HURN
ICFI	0.51	0.04	0.23	0.28	0.28	0.46	0.14		ICFI
	CRAI	EXPO	FC	FCN	FWRD	GABC	HURN	ICFI

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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

GABC	+ 0.71	FWRD
GABC	+ 0.67	CRAI
FWRD	+ 0.56	CRAI
FC	+ 0.55	CRAI
ICFI	+ 0.51	CRAI
ICFI	+ 0.46	GABC

High negative correlations

HURN	- 0.51	FWRD
FWRD	- 0.47	EXPO
FCN	- 0.32	FC
EXPO	- 0.27	CRAI
GABC	- 0.18	EXPO
FWRD	- 0.13	FC

Risk-Adjusted Indicators

There is a big difference between Forrester Stock performing well and Forrester Research 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 Forrester Research'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	1.30	0.15	0.02	1.04	1.86	(1.32)	2.95	(1.96)	10.77
EXPO	1.26	(0.28)	0.00	(0.18)	0.00	0.00	2.48	(2.42)	6.69
FC	1.87	(0.23)	0.00	(0.04)	0.00	0.00	3.76	(3.38)	15.48
FCN	0.87	0.03	0.00	0.04	0.00	0.00	1.56	(2.21)	5.44
FWRD	3.17	1.18	0.25	(0.94)	2.70	(3.73)	8.01	(4.17)	25.09
GABC	1.05	0.25	0.09	(2.57)	1.04	(1.28)	2.60	(1.80)	6.94
HURN	1.37	(0.05)	0.00	0.35	0.00	0.00	3.12	(2.22)	13.93
ICFI	1.41	0.05	(0.06)	(0.04)	1.94	(1.45)	2.89	(3.04)	8.75

Forrester Research Corporate Management

Brendan Witcher	VP Analyst	Profile
Ryan JD	Chief Secretary	Profile
Jobina Gonsalves	Chief Officer	Profile
Lisa Riley	Senior Events	Profile
Andrew Cox	Chief Officer	Profile
Steven Peltzman	Chief Business Technology Officer	Profile
Christian Finn	Chief Officer	Profile

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