Federal Signal Correlations

FSS Stock

USD 106.53 3.21 2.93%

The current 90-days correlation between Federal Signal and Zurn Elkay Water is 0.58 (i.e., Very weak diversification). The correlation of Federal Signal 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.

Federal Signal Correlation With Market

Weak diversification

The correlation between Federal Signal and DJI 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 Federal Signal and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Federal Stock

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

For more information on how to buy Federal Stock please use our How to Invest in Federal Signal guide.

Moving together with Federal Stock

0.76	GP	GreenPower Motor Earnings Call Tomorrow	Pair Corr
0.69	000868	Anhui Ankai Automobile	Pair Corr
0.65	WPRT	Westport Fuel Systems	Pair Corr
0.81	ALG	Alamo Group	Pair Corr
0.74	GBX	Greenbrier Companies	Pair Corr
0.82	OSK	Oshkosh	Pair Corr
0.66	TEX	Terex	Pair Corr
0.85	TRN	Trinity Industries	Pair Corr
0.8	WNC	Wabash National	Pair Corr
0.73	AFN	Ag Growth International Earnings Call This Week	Pair Corr

Moving against Federal Stock

0.77	CMI	Cummins	Pair Corr
0.7	CAT	Caterpillar	Pair Corr
0.58	VSTTILLERS	VST Tillers Tractors	Pair Corr
0.58	UNIPARTS	Uniparts India	Pair Corr
0.54	600984	Shaanxi Construction	Pair Corr
0.45	600761	Anhui Heli	Pair Corr
0.38	TGH	Tornado Global Hydrovacs Earnings Call Today	Pair Corr
0.35	CYD	China Yuchai Interna Earnings Call Today	Pair Corr
0.79	000157	Zoomlion Heavy Industry	Pair Corr
0.73	WAB	Westinghouse Air Brake	Pair Corr
0.69	GWPD	GP Solutions	Pair Corr
0.57	600686	Xiamen King Long	Pair Corr
0.53	000425	XCMG Construction	Pair Corr
0.43	MTW	Manitowoc	Pair Corr
0.37	000528	Guangxi Liugong Machinery	Pair Corr
0.68	600066	Zhengzhou Yutong Bus	Pair Corr
0.67	000920	Vontron Technology	Pair Corr

Related Correlations Analysis

	ZWS	ESAB	MOG-A	TTC	R	RYAAY	SSD	IESC	ADT
ZWS		-0.05	0.5	-0.24	-0.13	-0.26	-0.44	0.7	-0.21	ZWS
ESAB	-0.05		0.5	-0.13	-0.17	0.24	-0.09	0.29	0.13	ESAB
MOG-A	0.5	0.5		-0.5	-0.25	-0.17	-0.67	0.83	0.07	MOG-A
TTC	-0.24	-0.13	-0.5		0.64	-0.23	0.83	-0.47	0.48	TTC
R	-0.13	-0.17	-0.25	0.64		-0.46	0.34	-0.33	0.47	R
RYAAY	-0.26	0.24	-0.17	-0.23	-0.46		0.06	-0.28	-0.35	RYAAY
SSD	-0.44	-0.09	-0.67	0.83	0.34	0.06		-0.63	0.38	SSD
IESC	0.7	0.29	0.83	-0.47	-0.33	-0.28	-0.63		-0.12	IESC
ADT	-0.21	0.13	0.07	0.48	0.47	-0.35	0.38	-0.12		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

IESC	+ 0.83	MOG-A
SSD	+ 0.83	TTC
IESC	+ 0.7	ZWS
R	+ 0.64	TTC
MOG-A	+ 0.5	ZWS
MOG-A	+ 0.5	ESAB

High negative correlations

SSD	- 0.67	MOG-A
IESC	- 0.63	SSD
TTC	- 0.5	MOG-A
IESC	- 0.47	TTC
RYAAY	- 0.46	R
SSD	- 0.44	ZWS

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. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federal Signal'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
ZWS	1.09	(0.06)	(0.03)	0.02	1.28	(1.16)	2.87	(2.17)	6.84
ESAB	1.30	(0.06)	(0.04)	0.01	1.58	(1.49)	3.31	(2.48)	10.27
MOG-A	1.08	0.03	0.01	0.10	1.17	(1.24)	2.53	(1.71)	6.38
TTC	0.99	(0.21)	0.00	(0.17)	0.00	0.00	1.82	(2.22)	7.74
R	1.18	(0.16)	0.00	(0.07)	0.00	0.00	1.71	(2.05)	15.80
RYAAY	1.26	(0.08)	0.00	(0.10)	0.00	0.00	2.43	(2.79)	7.39
SSD	1.27	(0.29)	0.00	(0.23)	0.00	0.00	2.31	(2.64)	9.74
IESC	2.62	0.00	0.04	0.07	3.29	(2.90)	5.67	(6.90)	22.82
ADT	1.07	(0.13)	0.00	(0.06)	0.00	0.00	2.10	(1.69)	11.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC