LB Foster Correlations

FSTR Stock  USD 28.15  0.59  2.05%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LB Foster moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LB Foster moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Weak diversification

The correlation between LB Foster and NYA is 0.35 (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 NYA 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 tightly coupled 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.
  
The ability to find closely correlated positions to LB Foster could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LB Foster when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LB Foster - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LB Foster to buy it.

Moving together with FSTR Stock

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Moving against FSTR Stock

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Related Correlations Analysis

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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   
CSXNSC
WABTRN
CPNSC
CNICP
CPCSX
CNICSX
  
High negative correlations   
NSCWAB
CSXWAB
NSCTRN
CPWAB
CSXTRN
CNIWAB

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in LB Foster without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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LB Foster Corporate Management

Elected by the shareholders, the LB Foster's board of directors comprises two types of representatives: LB Foster inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FSTR. The board's role is to monitor LB Foster's management team and ensure that shareholders' interests are well served. LB Foster's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LB Foster's outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in LB Foster?

The danger of trading LB Foster is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of LB Foster is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than LB Foster. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile LB Foster is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether LB Foster is a strong investment it is important to analyze LB Foster's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact LB Foster's future performance. For an informed investment choice regarding FSTR Stock, refer to the following important reports:
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 tightly coupled 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.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running LB Foster's price analysis, check to measure LB Foster's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LB Foster is operating at the current time. Most of LB Foster's value examination focuses on studying past and present price action to predict the probability of LB Foster's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LB Foster's price. Additionally, you may evaluate how the addition of LB Foster to your portfolios can decrease your overall portfolio volatility.
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Is LB Foster's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of LB Foster. If investors know FSTR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about LB Foster listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.778
Earnings Share
0.73
Revenue Per Share
51.205
Quarterly Revenue Growth
0.076
Return On Assets
0.0224
The market value of LB Foster is measured differently than its book value, which is the value of FSTR that is recorded on the company's balance sheet. Investors also form their own opinion of LB Foster's value that differs from its market value or its book value, called intrinsic value, which is LB Foster's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because LB Foster's market value can be influenced by many factors that don't directly affect LB Foster's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between LB Foster's value and its price as these two are different measures arrived at by different means. Investors typically determine if LB Foster is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LB Foster's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.