CH Robinson Correlations

CHRW Stock

USD 105.58 0.33 0.31%

The current 90-days correlation between CH Robinson Worldwide and JB Hunt Transport is 0.32 (i.e., Weak diversification). The correlation of CH Robinson 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.

CH Robinson Correlation With Market

Weak diversification

The correlation between CH Robinson Worldwide and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CH Robinson Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CH Robinson Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with CHRW Stock

0.61	GXO	GXO Logistics	Pair Corr
0.61	UPS	United Parcel Service	Pair Corr
0.73	PBI-PB	Pitney Bowes NT	Pair Corr
0.66	B	Barnes Group	Pair Corr
0.71	J	Jacobs Solutions	Pair Corr

Moving against CHRW Stock

0.58	PAL	Proficient Auto Logi	Pair Corr
0.5	PSIG	PS International	Pair Corr
0.5	CYRX	Cryoport	Pair Corr
0.32	SGLY	Singularity Future	Pair Corr
0.63	RR	Richtech Robotics Class	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.48	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	JBHT	LSTR	HUBG	FWRD	EXPD
JBHT		0.39	0.75	0.15	-0.4	JBHT
LSTR	0.39		0.38	0.31	0.18	LSTR
HUBG	0.75	0.38		-0.09	-0.12	HUBG
FWRD	0.15	0.31	-0.09		-0.12	FWRD
EXPD	-0.4	0.18	-0.12	-0.12		EXPD
	JBHT	LSTR	HUBG	FWRD	EXPD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

HUBG	+ 0.75	JBHT
LSTR	+ 0.39	JBHT
HUBG	+ 0.38	LSTR
FWRD	+ 0.31	LSTR
EXPD	+ 0.18	LSTR
FWRD	+ 0.15	JBHT

High negative correlations

EXPD	- 0.4	JBHT
EXPD	- 0.12	FWRD
EXPD	- 0.12	HUBG
FWRD	- 0.09	HUBG

Risk-Adjusted Indicators

There is a big difference between CHRW Stock performing well and CH Robinson 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 CH Robinson'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
JBHT	1.26	(0.01)	0.00	0.12	1.35	(1.52)	3.15	(2.36)	6.94
LSTR	1.20	(0.12)	(0.07)	0.03	1.33	(1.28)	2.39	(2.27)	8.45
HUBG	1.39	0.00	0.05	0.13	1.29	(1.59)	3.32	(2.46)	11.93
FWRD	2.46	0.09	0.03	0.21	2.77	(2.69)	4.39	(4.35)	12.56
EXPD	0.88	(0.05)	0.00	(0.06)	0.00	0.00	1.89	(2.13)	4.65

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC