Staffing 360 Correlations

STAF Stock

USD 2.40 0.05 2.13%

The current 90-days correlation between Staffing 360 Solutions and Robert Half International is -0.02 (i.e., Good diversification). The correlation of Staffing 360 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.

Staffing 360 Correlation With Market

Significant diversification

The correlation between Staffing 360 Solutions and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Staffing 360 Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Staffing 360 Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Staffing Stock

0.63	WM	Waste Management	Pair Corr
0.65	VIRC	Virco Manufacturing	Pair Corr
0.65	DLX	Deluxe	Pair Corr
0.66	INOD	Innodata Downward Rally	Pair Corr
0.75	PYCR	Paycor HCM	Pair Corr
0.64	ACCO	Acco Brands	Pair Corr
0.61	AL	Air Lease	Pair Corr
0.62	AZ	A2Z Smart Technologies	Pair Corr

Moving against Staffing Stock

0.67	BCO	Brinks Company	Pair Corr
0.62	HDSN	Hudson Technologies	Pair Corr
0.54	CDTG	CDT Environmental	Pair Corr
0.51	MG	Mistras Group	Pair Corr
0.39	LNZA	LanzaTech Global	Pair Corr
0.33	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.76	GP	GreenPower Motor	Pair Corr
0.61	CP	Canadian Pacific Railway	Pair Corr
0.59	FA	First Advantage Corp	Pair Corr
0.58	HY	Hyster Yale Materials	Pair Corr
0.51	SB	Safe Bulkers	Pair Corr
0.43	FC	Franklin Covey	Pair Corr
0.4	BZ	Kanzhun Ltd ADR	Pair Corr
0.36	OP	Oceanpal	Pair Corr
0.32	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	RHI	MAN	KFRC	KFY	KELYA	PAYX	TBI	ZIP	BZ
RHI		-0.64	-0.25	0.83	-0.74	0.88	-0.35	0.22	0.15	RHI
MAN	-0.64		0.53	-0.24	0.71	-0.72	0.57	0.15	0.06	MAN
KFRC	-0.25	0.53		0.17	0.18	-0.5	0.55	0.16	-0.55	KFRC
KFY	0.83	-0.24	0.17		-0.59	0.63	-0.06	0.33	0.01	KFY
KELYA	-0.74	0.71	0.18	-0.59		-0.65	0.64	0.12	0.2	KELYA
PAYX	0.88	-0.72	-0.5	0.63	-0.65		-0.41	0.29	0.25	PAYX
TBI	-0.35	0.57	0.55	-0.06	0.64	-0.41		0.45	-0.14	TBI
ZIP	0.22	0.15	0.16	0.33	0.12	0.29	0.45		0.13	ZIP
BZ	0.15	0.06	-0.55	0.01	0.2	0.25	-0.14	0.13		BZ
	RHI	MAN	KFRC	KFY	KELYA	PAYX	TBI	ZIP	BZ

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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

PAYX	+ 0.88	RHI
KFY	+ 0.83	RHI
KELYA	+ 0.71	MAN
TBI	+ 0.64	KELYA
PAYX	+ 0.63	KFY
TBI	+ 0.57	MAN

High negative correlations

KELYA	- 0.74	RHI
PAYX	- 0.72	MAN
PAYX	- 0.65	KELYA
MAN	- 0.64	RHI
KELYA	- 0.59	KFY
BZ	- 0.55	KFRC

Risk-Adjusted Indicators

There is a big difference between Staffing Stock performing well and Staffing 360 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 Staffing 360'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
RHI	1.23	0.04	0.09	0.14	1.05	(1.51)	2.24	(2.07)	13.22
MAN	1.42	(0.36)	0.00	(0.15)	0.00	0.00	2.76	(2.84)	12.95
KFRC	1.31	(0.28)	0.00	(0.13)	0.00	0.00	2.48	(3.03)	9.02
KFY	1.29	(0.05)	0.02	0.09	1.34	(1.40)	3.56	(2.17)	9.56
KELYA	1.75	(0.69)	0.00	(0.29)	0.00	0.00	2.89	(4.04)	27.28
PAYX	0.83	0.07	0.08	0.20	0.54	(1.02)	2.19	(1.46)	8.29
TBI	2.15	(0.41)	0.00	(0.08)	0.00	0.00	4.21	(4.52)	16.74
ZIP	2.19	(0.28)	0.00	(0.06)	0.00	0.00	5.05	(5.35)	18.77
BZ	3.15	(0.23)	0.00	(0.10)	0.00	0.00	7.36	(6.06)	28.38

Staffing 360 Corporate Management

Melanie Grossman	Controller VP	Profile
Nicholas Koutsivitis	Sr Officer	Profile
Khalid Anwar	Sr Fin	Profile
Joseph Yelenic	Senior Officer	Profile

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