Founder Group Limited Class A Ordinary Shares (FGL) — Stock Correlations & Overview
Over the past year, FGL has moved most closely with FRMI, GCMG, RBBN. Explore the stocks most correlated and inversely correlated with FGL below, along with its price, financials, and company profile.
Stocks correlated with FGL
Correlation of daily returns. Higher positive values move with FGL; negative values move opposite it. Informational only, not investment advice.
Most correlated with FGL
| Symbol | Company | Correlation |
|---|---|---|
| FRMI | Fermi Inc. Common StockREAL ESTATE INVESTMENT TRUSTS | 0.24 |
| GCMG | GCM Grosvenor Inc. Class A Common StockINVESTMENT ADVICE | 0.23 |
| RBBN | Ribbon Communications Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.23 |
| AOSL | Alpha and Omega Semiconductor LimitedSEMICONDUCTORS & RELATED DEVICES | 0.21 |
| ILS | Brookmont Catastrophic Bond ETF | 0.21 |
Most inversely correlated with FGL
| Symbol | Company | Correlation |
|---|---|---|
| BDX | Becton, Dickinson and Co.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.29 |
| VRRM | Verra Mobility Corporation Class A Common StockTRANSPORTATION SERVICES | -0.23 |
| ADV | Advantage Solutions Inc. Class A Common StockSERVICES-BUSINESS SERVICES, NEC | -0.20 |
| STZ | Constellation Brands, Inc.BEVERAGES | -0.19 |
| BFAM | BRIGHT HORIZONS FAMILY SOLUTIONS INC.SERVICES-CHILD DAY CARE SERVICES | -0.18 |
Frequently asked questions about FGL correlations
- Which stocks are most correlated with FGL?
- Based on one year of daily returns, the stocks most correlated with Founder Group Limited Class A Ordinary Shares (FGL) are FRMI (0.24), GCMG (0.23) and RBBN (0.23). 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 FGL?
- Over the past year, the stocks most inversely correlated with Founder Group Limited Class A Ordinary Shares (FGL) are BDX (-0.29), VRRM (-0.23) and ADV (-0.20). 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 FGL correlations calculated?
- We compute the correlation of daily returns between FGL 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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