Forrester Research Correlations

FORR Stock

USD 9.73 0.06 0.61%

The current 90-days correlation between Forrester Research and Franklin Covey is 0.27 (i.e., Modest 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

Average diversification

The correlation between Forrester Research and DJI is 0.16 (i.e., Average 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

0.82	BV	BrightView Holdings	Pair Corr
0.72	FA	First Advantage Corp	Pair Corr
0.74	DLHC	DLH Holdings Corp	Pair Corr
0.68	DRVN	Driven Brands Holdings	Pair Corr
0.72	VLTO	Veralto	Pair Corr
0.73	VRSK	Verisk Analytics	Pair Corr
0.69	VSEC	VSE Corporation	Pair Corr
0.68	WLDN	Willdan Group	Pair Corr
0.63	ABM	ABM Industries	Pair Corr
0.72	ADP	Automatic Data Processing	Pair Corr
0.74	CLH	Clean Harbors	Pair Corr
0.7	FOUR	Shift4 Payments	Pair Corr

Moving against Forrester Stock

0.73	VIRC	Virco Manufacturing	Pair Corr
0.72	MG	Mistras Group	Pair Corr
0.69	WFCF	Where Food Comes	Pair Corr
0.66	G	Genpact Limited	Pair Corr
0.53	GEO	Geo Group	Pair Corr
0.46	HQI	Hirequest	Pair Corr
0.4	AWX	Avalon Holdings	Pair Corr

Related Correlations Analysis

	HURN	ICFI	FC	FCN	CRAI	EXPO	RGP
HURN		0.3	0.29	0.49	0.49	0.24	0.12	HURN
ICFI	0.3		0.38	0.37	0.5	0.23	0.19	ICFI
FC	0.29	0.38		-0.04	0.33	0.57	0.83	FC
FCN	0.49	0.37	-0.04		0.16	0.21	-0.03	FCN
CRAI	0.49	0.5	0.33	0.16		-0.19	-0.14	CRAI
EXPO	0.24	0.23	0.57	0.21	-0.19		0.66	EXPO
RGP	0.12	0.19	0.83	-0.03	-0.14	0.66		RGP
	HURN	ICFI	FC	FCN	CRAI	EXPO	RGP

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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

RGP	+ 0.83	FC
RGP	+ 0.66	EXPO
EXPO	+ 0.57	FC
CRAI	+ 0.5	ICFI
FCN	+ 0.49	HURN
CRAI	+ 0.49	HURN

High negative correlations

EXPO	- 0.19	CRAI
RGP	- 0.14	CRAI
FCN	- 0.04	FC
RGP	- 0.03	FCN

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
HURN	1.55	(0.17)	0.00	(0.20)	0.00	0.00	3.30	(3.66)	15.68
ICFI	1.66	(0.04)	0.00	(0.06)	0.00	0.00	3.49	(3.87)	12.24
FC	2.12	(0.39)	0.00	(0.26)	0.00	0.00	3.76	(2.88)	27.84
FCN	1.01	(0.03)	0.00	(0.04)	0.00	0.00	1.80	(2.16)	9.62
CRAI	1.35	0.07	0.04	0.11	1.51	(1.48)	2.95	(2.00)	8.36
EXPO	1.18	(0.15)	0.00	(0.23)	0.00	0.00	2.02	(2.15)	7.79
RGP	2.28	(0.30)	0.00	(0.18)	0.00	0.00	4.46	(4.27)	21.44

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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