Fenbo Holdings Correlations

FEBO Stock

2.02 0.03 1.46%

The current 90-days correlation between Fenbo Holdings and Canlan Ice Sports is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fenbo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fenbo Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fenbo Holdings Correlation With Market

Significant diversification

The correlation between Fenbo Holdings Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fenbo Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fenbo Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Fenbo Stock

0.82	DOOO	BRP Inc	Pair Corr
0.93	WLDS	Wearable Devices Tech Boost	Pair Corr
0.85	CRI	Carters	Pair Corr
0.69	SKX	Skechers USA	Pair Corr
0.76	JOUT	Johnson Outdoors Earnings Call This Week	Pair Corr
0.67	JXJT	JX Luxventure Limited	Pair Corr

Moving against Fenbo Stock

0.88	RL	Ralph Lauren Corp	Pair Corr
0.86	HBI	Hanesbrands	Pair Corr
0.84	KTB	Kontoor Brands	Pair Corr
0.83	DOGZ	Dogness International	Pair Corr
0.82	TPR	Tapestry	Pair Corr
0.81	UAA	Under Armour A Aggressive Push	Pair Corr
0.77	UA	Under Armour C	Pair Corr
0.73	REE	Ree Automotive Holding	Pair Corr
0.72	FOSL	Fossil Group	Pair Corr
0.68	VOXX	VOXX International	Pair Corr
0.68	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr
0.65	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.56	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.51	ESCA	Escalade Incorporated	Pair Corr
0.47	UHG	United Homes Group	Pair Corr
0.4	HWH	HWH International Symbol Change	Pair Corr
0.37	BC	Brunswick	Pair Corr
0.32	VZIO	Vizio Holding Corp	Pair Corr
0.88	LULU	Lululemon Athletica Earnings Call This Week	Pair Corr
0.8	MYTE	MYT Netherlands Parent	Pair Corr
0.76	SONO	Sonos Inc Sell-off Trend	Pair Corr
0.75	JAKK	JAKKS Pacific	Pair Corr
0.68	BH	Biglari Holdings	Pair Corr
0.66	WLDSW	Wearable Devices	Pair Corr
0.63	EM	Smart Share Global	Pair Corr
0.61	AOUT	American Outdoor Brands	Pair Corr
0.57	H	Hyatt Hotels	Pair Corr

Related Correlations Analysis

	SLOFF	CNLFF	JUTOY	MPX	PLTK	HAS	CBRL	CMG
SLOFF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SLOFF
CNLFF	0.0		0.75	0.46	0.48	-0.23	0.81	0.61	CNLFF
JUTOY	0.0	0.75		0.57	0.57	0.02	0.76	0.69	JUTOY
MPX	0.0	0.46	0.57		0.79	-0.31	0.63	0.72	MPX
PLTK	0.0	0.48	0.57	0.79		-0.63	0.66	0.65	PLTK
HAS	0.0	-0.23	0.02	-0.31	-0.63		-0.26	-0.21	HAS
CBRL	0.0	0.81	0.76	0.63	0.66	-0.26		0.76	CBRL
CMG	0.0	0.61	0.69	0.72	0.65	-0.21	0.76		CMG
	SLOFF	CNLFF	JUTOY	MPX	PLTK	HAS	CBRL	CMG

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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

CBRL	+ 0.81	CNLFF
PLTK	+ 0.79	MPX
CBRL	+ 0.76	JUTOY
CMG	+ 0.76	CBRL
JUTOY	+ 0.75	CNLFF
CMG	+ 0.72	MPX

High negative correlations

HAS	- 0.63	PLTK
HAS	- 0.31	MPX
CBRL	- 0.26	HAS
HAS	- 0.23	CNLFF
CMG	- 0.21	HAS
CMG	- 0.0	SLOFF

Risk-Adjusted Indicators

There is a big difference between Fenbo Stock performing well and Fenbo Holdings 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 Fenbo Holdings' 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
SLOFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNLFF	0.05	0.02	0.00	4.66	0.00	0.00	0.00	0.00	1.03
JUTOY	0.92	0.29	0.00	1.09	0.00	0.00	4.10	0.00	22.77
MPX	1.16	(0.10)	(0.05)	0.04	1.38	(1.30)	2.89	(2.16)	7.94
PLTK	1.18	0.07	0.03	0.21	1.24	(1.32)	2.33	(2.19)	7.19
HAS	0.94	(0.06)	0.00	(0.31)	0.00	0.00	1.69	(1.52)	8.12
CBRL	2.59	0.32	0.15	0.33	2.25	(3.11)	6.19	(3.92)	13.37
CMG	1.28	0.03	0.01	0.16	2.01	(1.34)	2.74	(2.68)	10.78

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