Forward Air Correlations

Forward Air Correlation With Market

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 employment. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

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 JBHT + 0.93 LSTR CHRW + 0.87 EXPD HUBG + 0.54 EXPD HUBG + 0.34 CHRW HUBG + 0.21 LSTR HUBG + 0.1 JBHT

High negative correlations CHRW - 0.82 JBHT CHRW - 0.8 LSTR EXPD - 0.57 JBHT EXPD - 0.5 LSTR

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.