Federal Signal Correlations

FSS Stock

USD 107.03 -0.18 -0.17%

The current 90-days correlation between Federal Signal and Zurn Elkay Water is 0.05 (i.e., Significant diversification).The statistical correlation between Federal Signal and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Market Correlation Signal - Federal Signal

Poor diversification

FSS currently posts a 0.77 correlation with DJI, indicating a Poor diversification relationship for the active sample. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Build portfolio with Federal Stock

Federal Signal has a market cap of 6.52 B, operating margin of 16.08%, ROE of 19.21%. Investing Opportunities can help frame allocation decisions. This includes a position in Federal Signal across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To understand the process of investing in Federal Stock, visit our How to Invest in Federal Signal guide.

Moving together with Federal Stock

0.63	PFI	Palfinger AG	Pair Corr
0.73	ALG	Alamo Group	Pair Corr
0.72	ALH	Alliance Laundry Holdings	Pair Corr
0.76	MTW	Manitowoc	Pair Corr
0.64	MNGN	Manitowoc	Pair Corr
0.71	WNC	Wabash National	Pair Corr
0.66	TZ4	Titan International	Pair Corr

Related Correlations Analysis

	ZWS	ESAB	MOG-A	TTC	R	RYAAY	SSD	IESC	ADT
ZWS		0.7	0.63	0.56	0.87	-0.26	0.74	0.64	-0.02	ZWS
ESAB	0.7		0.4	0.35	0.63	0.17	0.71	0.49	0.53	ESAB
MOG-A	0.63	0.4		0.96	0.8	-0.66	0.86	0.67	-0.44	MOG-A
TTC	0.56	0.35	0.96		0.7	-0.71	0.85	0.59	-0.5	TTC
R	0.87	0.63	0.8	0.7		-0.35	0.78	0.66	-0.11	R
RYAAY	-0.26	0.17	-0.66	-0.71	-0.35		-0.52	-0.47	0.81	RYAAY
SSD	0.74	0.71	0.86	0.85	0.78	-0.52		0.76	-0.15	SSD
IESC	0.64	0.49	0.67	0.59	0.66	-0.47	0.76		-0.13	IESC
ADT	-0.02	0.53	-0.44	-0.5	-0.11	0.81	-0.15	-0.13		ADT
	ZWS	ESAB	MOG-A	TTC	R	RYAAY	SSD	IESC	ADT

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

TTC	+ 0.96	MOG-A
R	+ 0.87	ZWS
SSD	+ 0.86	MOG-A
SSD	+ 0.85	TTC
ADT	+ 0.81	RYAAY
R	+ 0.8	MOG-A

High negative correlations

RYAAY	- 0.71	TTC
RYAAY	- 0.66	MOG-A
SSD	- 0.52	RYAAY
ADT	- 0.5	TTC
IESC	- 0.47	RYAAY
ADT	- 0.44	MOG-A

Risk-Adjusted Indicators

There is a big difference between Federal Stock performing well and Federal Signal Company doing well as a business compared to the competition. A thorough review of Federal Signal's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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
ZWS	0.99	-0.09	0.00	0.10	0.00	0.00	1.65	-2.16	13.76
ESAB	1.63	-0.10	0.00	-0.15	0.00	0.00	2.84	-4.65	13.74
MOG-A	1.33	0.40	0.25	0.41	1.40	-1.54	3.60	-1.91	12.28
TTC	1.18	0.45	0.37	0.52	0.86	-1.34	1.91	-1.83	13.49
R	1.63	0.12	0.00	-0.01	0.00	0.00	3.14	-4.02	11.64
RYAAY	1.51	-0.14	0.00	-0.23	0.00	0.00	2.46	-3.51	8.65
SSD	1.29	0.13	0.09	0.04	1.38	-1.42	3.49	-2.17	8.83
IESC	3.24	0.21	0.00	-0.01	0.00	0.00	6.33	-5.13	27.53
ADT	1.32	-0.20	0.00	-0.25	0.00	0.00	2.03	-3.30	14.02

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