LB Foster Correlations

FSTR Stock

USD 26.03 0.77 2.87%

The current 90-days correlation between LB Foster and Freightcar America is 0.36 (i.e., Weak 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

Poor diversification

The correlation between LB Foster and DJI is 0.67 (i.e., Poor 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.

Build AI portfolio with FSTR Stock

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 manufacturing.

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

Moving together with FSTR Stock

0.66	MPU	Mega Matrix Corp	Pair Corr
0.65	ATMU	Atmus Filtration Tec	Pair Corr
0.84	CVGI	Commercial Vehicle	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr
0.91	R	Ryder System	Pair Corr
0.79	BA	Boeing	Pair Corr
0.68	BE	Bloom Energy Corp	Pair Corr
0.61	BZ	Kanzhun Ltd ADR	Pair Corr
0.75	CR	Crane Company	Pair Corr
0.71	CW	Curtiss Wright	Pair Corr
0.68	DY	Dycom Industries	Pair Corr
0.86	GD	General Dynamics	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.7	HI	Hillenbrand	Pair Corr
0.69	MG	Mistras Group	Pair Corr
0.74	NX	Quanex Building Products Earnings Call This Week	Pair Corr
0.9	PH	Parker Hannifin	Pair Corr

Moving against FSTR Stock

0.69	ALSN	Allison Transmission	Pair Corr
0.64	FC	Franklin Covey Potential Growth	Pair Corr
0.47	CP	Canadian Pacific Railway Sell-off Trend	Pair Corr
0.46	GP	GreenPower Motor	Pair Corr
0.38	BV	BrightView Holdings	Pair Corr
0.37	DE	Deere Company	Pair Corr
0.86	DMYY	dMY Squared Technology	Pair Corr
0.85	VCIG	VCI Global Limited	Pair Corr
0.78	WM	Waste Management	Pair Corr
0.56	DRDB	Roman DBDR Acquisition	Pair Corr
0.34	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI
TRN		0.04	0.06	0.41	0.51	0.24	0.37	-0.18	-0.15	TRN
RAIL	0.04		0.33	0.35	0.54	0.42	0.47	-0.01	-0.09	RAIL
WAB	0.06	0.33		-0.55	0.65	-0.47	0.72	0.79	0.82	WAB
NSC	0.41	0.35	-0.55		0.01	0.88	-0.1	-0.86	-0.88	NSC
GBX	0.51	0.54	0.65	0.01		0.05	0.82	0.35	0.36	GBX
CSX	0.24	0.42	-0.47	0.88	0.05		-0.04	-0.74	-0.78	CSX
UNP	0.37	0.47	0.72	-0.1	0.82	-0.04		0.42	0.48	UNP
CP	-0.18	-0.01	0.79	-0.86	0.35	-0.74	0.42		0.96	CP
CNI	-0.15	-0.09	0.82	-0.88	0.36	-0.78	0.48	0.96		CNI
	TRN	RAIL	WAB	NSC	GBX	CSX	UNP	CP	CNI

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

CNI	+ 0.96	CP
CSX	+ 0.88	NSC
CNI	+ 0.82	WAB
UNP	+ 0.82	GBX
CP	+ 0.79	WAB
UNP	+ 0.72	WAB

High negative correlations

CNI	- 0.88	NSC
CP	- 0.86	NSC
CNI	- 0.78	CSX
CP	- 0.74	CSX
NSC	- 0.55	WAB
CSX	- 0.47	WAB

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	1.58	0.03	0.04	0.14	1.85	(1.78)	3.76	(2.80)	11.37
RAIL	3.18	0.04	0.05	0.13	2.89	(4.48)	8.32	(4.88)	27.85
WAB	0.85	(0.18)	0.00	(0.05)	0.00	0.00	1.82	(1.74)	8.55
NSC	0.88	0.14	0.11	0.30	0.76	(0.98)	2.05	(1.38)	6.69
GBX	1.55	(0.08)	(0.01)	0.06	1.68	(1.81)	2.18	(3.16)	24.64
CSX	1.01	(0.01)	(0.03)	0.10	1.39	(1.05)	2.18	(1.64)	8.82
UNP	0.92	(0.09)	(0.07)	0.02	1.23	(0.96)	1.92	(1.81)	6.93
CP	1.02	(0.19)	0.00	(0.09)	0.00	0.00	1.86	(1.90)	5.02
CNI	0.88	(0.19)	0.00	(0.17)	0.00	0.00	1.76	(2.29)	6.56

LB Foster Corporate Management

Patrick Esq	General VP	Profile
Stephanie Listwak	Investor Manager	Profile
Bob Ness	Senior Products	Profile
Sean CPA	Corporate Officer	Profile

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