Forward Air Correlations

Stocks . USA . 
Stock . Forward Air
FWRD Stock  USD 27.80  0.74  2.73%   
The current 90-days correlation between Forward Air and Landstar System is 0.55 (i.e., Very weak diversification). The correlation of Forward Air 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.

Forward Air Correlation With Market

Very weak diversification

The correlation between Forward Air and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forward Air and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Forward Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. 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.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

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Moving against Forward Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Forward Stock performing well and Forward Air 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 Forward Air'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.

Forward Air Corporate Management

James FaughtChief OfficerProfile
Rebecca GarbrickCFO TreasurerProfile
Nancee RonningChief OfficerProfile
Jamie PiersonChief OfficerProfile
Douglas SmithChief OfficerProfile
Joseph TomaselloChief OfficerProfile
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