LB Foster Correlations

FSTR Stock

USD 22.74 0.73 3.11%

The current 90-days correlation between LB Foster and Freightcar America is 0.33 (i.e., Weak diversification). The correlation of LB Foster 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.

LB Foster Correlation With Market

Very weak diversification

The correlation between LB Foster and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LB Foster 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 LB Foster. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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Moving together with FSTR Stock

0.73	WPRT	Westport Fuel Systems	Pair Corr
0.7	J	Jacobs Solutions	Pair Corr
0.77	R	Ryder System Earnings Call This Week	Pair Corr
0.91	DIST	Distoken Acquisition	Pair Corr
0.64	AZ	A2Z Smart Technologies	Pair Corr
0.78	BE	Bloom Energy Corp	Pair Corr
0.91	GD	General Dynamics Earnings Call This Week	Pair Corr
0.64	NX	Quanex Building Products	Pair Corr
0.77	PL	Planet Labs PBC	Pair Corr

Moving against FSTR Stock

0.66	PC	Premium Catering	Pair Corr
0.56	NL	NL Industries	Pair Corr
0.48	GP	GreenPower Motor	Pair Corr
0.56	WM	Waste Management Earnings Call This Week	Pair Corr
0.51	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.47	VATE	Innovate Corp	Pair Corr
0.34	DMYY	dMY Squared Technology	Pair Corr

Related Correlations Analysis

	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
TRN		0.78	0.79	0.83	0.92	0.82	0.96	0.68	0.65	TRN
RAIL	0.78		0.83	0.91	0.82	0.91	0.78	0.7	0.59	RAIL
WAB	0.79	0.83		0.92	0.78	0.93	0.8	0.85	0.78	WAB
NSC	0.83	0.91	0.92		0.76	0.99	0.84	0.83	0.73	NSC
GBX	0.92	0.82	0.78	0.76		0.77	0.86	0.61	0.58	GBX
CSX	0.82	0.91	0.93	0.99	0.77		0.84	0.86	0.76	CSX
UNP	0.96	0.78	0.8	0.84	0.86	0.84		0.73	0.7	UNP
CP	0.68	0.7	0.85	0.83	0.61	0.86	0.73		0.92	CP
CNI	0.65	0.59	0.78	0.73	0.58	0.76	0.7	0.92		CNI
	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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Risk-Adjusted Indicators

There is a big difference between FSTR Stock performing well and LB Foster 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 LB Foster'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
TRN	1.35	(0.05)	(0.04)	0.08	1.33	(1.62)	3.15	(2.05)	9.13
RAIL	3.79	1.15	0.35	1.68	2.73	(5.08)	9.51	(5.08)	24.26
WAB	0.92	0.17	0.20	0.28	0.54	(1.16)	2.39	(1.26)	7.87
NSC	1.03	0.23	0.19	0.39	0.64	(1.12)	2.54	(1.66)	8.89
GBX	1.65	0.19	0.12	0.32	1.32	(2.06)	3.52	(2.82)	24.64
CSX	1.02	0.19	0.16	0.34	0.68	(1.13)	2.11	(1.47)	7.83
UNP	0.93	(0.09)	(0.10)	0.03	1.00	(1.02)	1.69	(1.81)	8.79
CP	0.92	0.00	(0.05)	0.13	0.96	(1.02)	2.52	(1.69)	6.32
CNI	0.93	0.05	(0.08)	(0.37)	1.07	(1.15)	2.01	(1.73)	9.34

LB Foster Corporate Management

Patrick Esq	General VP	Profile
Stephanie Listwak	Investor Manager	Profile
Bob Ness	Senior Products	Profile
Sean CPA	Corporate Officer	Profile

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