EVC vs FSTR: Correlation
How closely do Entravision Communications Corporation (EVC) and L.B. Foster Company (FSTR) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and FSTR?
Across a 3-year window, the weekly returns of EVC and FSTR correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.43 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 1640.3 %².
By 3-year correlation, FSTR places #5 of the 19 assets tracked against EVC. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 189.3 percentage points (+232.1% for EVC against +42.8% for FSTR). Risk is not evenly split, since EVC carries 1.8 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EVC vs FSTR: side by side
| EVC (Entravision Communications Corporation) | FSTR (L.B. Foster Company) | |
|---|---|---|
| 1-year return | +232.1% | +42.8% |
| 5-year return | +53.1% | +119.1% |
| Volatility (ann.) | 82.5% | 46.4% |
| Beta vs S&P 500 | 0.94 | 1.23 |
| Max drawdown (3Y) | -67.4% | -45.9% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 404.5 | 35.4 |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | FSTR |
|---|---|---|
| 2022 | -27.8% | -29.6% |
| 2023 | -9.2% | +127.2% |
| 2024 | -37.6% | +22.3% |
| 2025 | +35.8% | +0.2% |
| 2026 | +182.3% | +40.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and FSTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVC and FSTR?
As of 2026-08-27, the correlation of weekly returns between EVC and FSTR is 0.43 over 3 years, 0.66 over 1 year and 0.39 over 5 years.
Is FSTR a good diversifier for EVC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evc-vs-fstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evc-vs-fstr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVC correlations · FSTR correlations
