First Advantage Correlations

FA Stock

USD 17.77 0.43 2.36%

The current 90-days correlation between First Advantage Corp and Civeo Corp is 0.63 (i.e., Poor diversification). The correlation of First Advantage 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.

First Advantage Correlation With Market

Poor diversification

The correlation between First Advantage Corp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Advantage Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Advantage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with First Stock

0.65	BR	Broadridge Financial	Pair Corr
0.96	BV	BrightView Holdings	Pair Corr
0.69	DLHC	DLH Holdings Corp	Pair Corr
0.68	DRVN	Driven Brands Holdings	Pair Corr
0.69	VLTO	Veralto	Pair Corr
0.9	VRSK	Verisk Analytics	Pair Corr
0.88	VSEC	VSE Corporation	Pair Corr
0.69	EEFT	Euronet Worldwide	Pair Corr
0.73	ESGL	ESGL Holdings Limited	Pair Corr
0.85	WLDN	Willdan Group	Pair Corr
0.68	ABM	ABM Industries	Pair Corr
0.86	ADP	Automatic Data Processing	Pair Corr
0.77	BTM	Bitcoin Depot Trending	Pair Corr
0.73	FORR	Forrester Research	Pair Corr
0.88	CLH	Clean Harbors	Pair Corr
0.74	FOUR	Shift4 Payments	Pair Corr

Moving against First Stock

0.86	G	Genpact Limited	Pair Corr
0.85	MG	Mistras Group	Pair Corr
0.83	WFCF	Where Food Comes	Pair Corr
0.79	VIRC	Virco Manufacturing	Pair Corr
0.5	VCIG	VCI Global Limited	Pair Corr
0.46	EXPO	Exponent	Pair Corr
0.34	KC	Kingsoft Cloud Holdings	Pair Corr
0.68	AWX	Avalon Holdings	Pair Corr
0.49	GEO	Geo Group	Pair Corr

Related Correlations Analysis

	PFSW	DPUI	CASS	CVEO	NTIP	MMS	AZZ	CBZ	RTO	BV
PFSW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
DPUI	0.0		-0.3	-0.43	-0.04	-0.37	-0.29	-0.06	0.0	-0.32	DPUI
CASS	0.0	-0.3		0.65	0.49	0.44	0.61	-0.14	0.27	0.43	CASS
CVEO	0.0	-0.43	0.65		0.33	0.27	0.28	0.09	0.12	0.18	CVEO
NTIP	0.0	-0.04	0.49	0.33		-0.31	-0.19	-0.06	-0.41	-0.42	NTIP
MMS	0.0	-0.37	0.44	0.27	-0.31		0.67	0.1	0.53	0.83	MMS
AZZ	0.0	-0.29	0.61	0.28	-0.19	0.67		-0.23	0.76	0.88	AZZ
CBZ	0.0	-0.06	-0.14	0.09	-0.06	0.1	-0.23		-0.02	-0.12	CBZ
RTO	0.0	0.0	0.27	0.12	-0.41	0.53	0.76	-0.02		0.76	RTO
BV	0.0	-0.32	0.43	0.18	-0.42	0.83	0.88	-0.12	0.76		BV
	PFSW	DPUI	CASS	CVEO	NTIP	MMS	AZZ	CBZ	RTO	BV

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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

BV	+ 0.88	AZZ
BV	+ 0.83	MMS
RTO	+ 0.76	AZZ
BV	+ 0.76	RTO
AZZ	+ 0.67	MMS
CVEO	+ 0.65	CASS

High negative correlations

CVEO	- 0.43	DPUI
BV	- 0.42	NTIP
RTO	- 0.41	NTIP
MMS	- 0.37	DPUI
BV	- 0.32	DPUI
MMS	- 0.31	NTIP

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Advantage 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 First Advantage'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
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPUI	24.82	6.40	0.13	6.67	19.71	(88.33)	100.00	(50.00)	150.00
CASS	1.10	(0.06)	0.00	(0.05)	0.00	0.00	2.02	(2.50)	9.15
CVEO	1.96	0.06	0.02	0.10	2.97	(1.85)	4.43	(5.48)	12.88
NTIP	1.62	(0.15)	0.00	(0.34)	0.00	0.00	3.05	(3.94)	10.22
MMS	1.22	0.07	0.04	0.17	1.26	(1.36)	3.18	(2.13)	15.54
AZZ	1.65	0.02	0.01	0.05	2.29	(1.62)	4.00	(3.98)	15.56
CBZ	1.66	0.00	0.00	0.04	3.09	(1.56)	2.76	(2.83)	22.70
RTO	1.34	0.19	0.09	0.30	1.78	(1.37)	3.04	(3.15)	12.69
BV	1.76	0.24	0.12	0.29	1.83	(1.94)	3.76	(2.61)	12.13

First Advantage Corporate Management

Scott Staples	CEO Director	Profile
Victor Sachs	Senior Transformation	Profile
Michael Pilnick	Chief Officer	Profile
Brad Doctor	Chief Officer	Profile
Joelle Smith	Technology Data	Profile
Steven Marks	Chief Officer	Profile
Ron Douglas	Chief Officer	Profile

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