FBS Global Limited Ordinary Shares (FBGL) — Stock Correlations & Overview
Over the past year, FBGL has moved most closely with USNA, ACNT, SPPL. Explore the stocks most correlated and inversely correlated with FBGL below, along with its price, financials, and company profile.
Stocks correlated with FBGL
Correlation of daily returns. Higher positive values move with FBGL; negative values move opposite it. Informational only, not investment advice.
Most correlated with FBGL
| Symbol | Company | Correlation |
|---|---|---|
| USNA | USANA Health Sciences IncMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.25 |
| ACNT | Ascent Industries Co. Common StockCHEMICALS & ALLIED PRODUCTS | 0.25 |
| SPPL | SIMPPLE LTD. Ordinary Shares | 0.24 |
| NCLO | Nuveen AA-BBB CLO ETF | 0.24 |
| HRZN | Horizon Technology Finance Corporation | 0.23 |
Most inversely correlated with FBGL
| Symbol | Company | Correlation |
|---|---|---|
| SMRT | SmartRent, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.24 |
| MKDW | MKDWELL Tech Inc. Ordinary Share | -0.24 |
| EJH | E-Home Household Service Holdings Limited Ordinary Shares | -0.22 |
| GTE | Gran Tierra Energy Inc.CRUDE PETROLEUM & NATURAL GAS | -0.22 |
| SABR | Sabre CorporationSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.21 |
Frequently asked questions about FBGL correlations
- Which stocks are most correlated with FBGL?
- Based on one year of daily returns, the stocks most correlated with FBS Global Limited Ordinary Shares (FBGL) are USNA (0.25), ACNT (0.25) and SPPL (0.24). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FBGL?
- Over the past year, the stocks most inversely correlated with FBS Global Limited Ordinary Shares (FBGL) are SMRT (-0.24), MKDW (-0.24) and EJH (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FBGL correlations calculated?
- We compute the correlation of daily returns between FBGL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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