LB Foster Correlations

FSTR Stock

USD 23.30 0.09 0.39%

The current 90-days correlation between LB Foster and Freightcar America is -0.21 (i.e., Very good 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

Weak diversification

The correlation between LB Foster and DJI is 0.33 (i.e., 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.

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.

To learn how to invest in FSTR Stock, please use our How to Invest in LB Foster guide.

Moving together with FSTR Stock

0.72	WAB	Westinghouse Air Brake	Pair Corr
0.62	SPLP	Steel Partners Holdings	Pair Corr
0.63	EH	Ehang Holdings	Pair Corr

Moving against FSTR Stock

0.67	MPU	Mega Matrix Corp	Pair Corr
0.42	DIST	Distoken Acquisition	Pair Corr
0.35	J	Jacobs Solutions Fiscal Year End 19th of November 2024	Pair Corr
0.32	AZ	A2Z Smart Technologies	Pair Corr
0.66	BW	Babcock Wilcox Enter	Pair Corr

Related Correlations Analysis

	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
TRN		-0.1	0.39	0.01	0.09	0.31	0.32	0.18	-0.1	TRN
RAIL	-0.1		0.25	0.13	0.69	-0.36	0.02	-0.41	0.48	RAIL
WAB	0.39	0.25		0.26	0.37	0.19	0.43	0.04	0.6	WAB
NSC	0.01	0.13	0.26		0.42	0.57	0.75	0.51	0.51	NSC
GBX	0.09	0.69	0.37	0.42		0.03	0.3	-0.14	0.64	GBX
CSX	0.31	-0.36	0.19	0.57	0.03		0.73	0.8	0.2	CSX
UNP	0.32	0.02	0.43	0.75	0.3	0.73		0.68	0.47	UNP
CP	0.18	-0.41	0.04	0.51	-0.14	0.8	0.68		0.17	CP
CNI	-0.1	0.48	0.6	0.51	0.64	0.2	0.47	0.17		CNI
	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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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

CP	+ 0.8	CSX
UNP	+ 0.75	NSC
UNP	+ 0.73	CSX
GBX	+ 0.69	RAIL
CP	+ 0.68	UNP
CNI	+ 0.64	GBX

High negative correlations

CP	- 0.41	RAIL
CSX	- 0.36	RAIL
CP	- 0.14	GBX
CNI	- 0.1	TRN
RAIL	- 0.1	TRN

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	1.59	0.28	0.19	0.31	1.27	(1.99)	3.41	(2.54)	16.27
RAIL	2.66	(0.07)	0.00	11.57	0.00	0.00	6.55	(5.08)	20.71
WAB	1.07	0.06	0.03	0.14	1.41	(1.19)	2.32	(1.90)	16.48
NSC	1.28	(0.08)	(0.02)	0.02	1.60	(1.36)	2.84	(2.50)	6.56
GBX	1.72	(0.14)	0.00	(0.07)	0.00	0.00	3.27	(3.21)	12.57
CSX	1.00	(0.08)	0.00	(0.02)	0.00	0.00	2.14	(2.16)	5.58
UNP	0.93	(0.02)	(0.04)	0.04	1.00	(1.17)	2.14	(1.83)	8.55
CP	1.13	(0.17)	0.00	(0.09)	0.00	0.00	2.35	(1.95)	6.60
CNI	1.05	(0.24)	0.00	(0.16)	0.00	0.00	1.79	(2.11)	6.11

LB Foster Corporate Management

Patrick Esq	General VP	Profile
Peter Jones	Senior Solutions	Profile
Stephanie Listwak	Investor Manager	Profile
James Bogdan	ESG Lead	Profile

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