FirstService Corporation Common Shares (FSV) — Stock Correlations & Overview
Over the past year, FSV has moved most closely with CAPE, HOMZ, CBRE. Explore the stocks most correlated and inversely correlated with FSV below, along with its price, financials, and company profile.
Stocks correlated with FSV
Correlation of daily returns. Higher positive values move with FSV; negative values move opposite it. Informational only, not investment advice.
Most correlated with FSV
| Symbol | Company | Correlation |
|---|---|---|
| CAPE | DoubleLine Shiller CAPE U.S. Equities ETF | 0.52 |
| HOMZ | Hoya Capital Housing ETF | 0.51 |
| CBRE | CBRE GROUP, INC.REAL ESTATE | 0.51 |
| PAWZ | ProShares Pet Care ETF | 0.50 |
| CIGI | Colliers International Group Inc. Subordinate Voting SharesREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | 0.49 |
Most inversely correlated with FSV
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.45 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.42 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.42 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.40 |
| DXD | ProShares UltraShort Dow 30 | -0.39 |
Frequently asked questions about FSV correlations
- Which stocks are most correlated with FSV?
- Based on one year of daily returns, the stocks most correlated with FirstService Corporation Common Shares (FSV) are CAPE (0.52), HOMZ (0.51) and CBRE (0.51). 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 FSV?
- Over the past year, the stocks most inversely correlated with FirstService Corporation Common Shares (FSV) are EMTY (-0.45), FLYD (-0.42) and HDGE (-0.42). 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 FSV correlations calculated?
- We compute the correlation of daily returns between FSV 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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