Thomson Reuters Correlations

TRI Stock

USD 161.70 0.91 0.57%

The current 90-days correlation between Thomson Reuters Corp and Rentokil Initial PLC is 0.06 (i.e., Significant diversification). The correlation of Thomson Reuters 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.

Thomson Reuters Correlation With Market

Average diversification

The correlation between Thomson Reuters Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thomson Reuters Corp 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 Thomson Reuters Corp. 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 Thomson Stock

0.62	VCIG	VCI Global Limited Trending	Pair Corr
0.61	EXPO	Exponent	Pair Corr
0.7	BCO	Brinks Company	Pair Corr
0.81	EFX	Equifax	Pair Corr
0.64	FCN	FTI Consulting	Pair Corr

Moving against Thomson Stock

0.74	SQ	Block Inc Sell-off Trend	Pair Corr
0.7	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.67	FOUR	Shift4 Payments	Pair Corr
0.63	VSEC	VSE Corporation	Pair Corr
0.63	EXLS	ExlService Holdings	Pair Corr
0.61	AXR	AMREP	Pair Corr
0.6	BR	Broadridge Financial	Pair Corr
0.59	ADP	Automatic Data Processing	Pair Corr
0.58	CXW	CoreCivic	Pair Corr
0.56	WM	Waste Management	Pair Corr
0.53	G	Genpact Limited	Pair Corr
0.53	NL	NL Industries	Pair Corr
0.53	VRSK	Verisk Analytics	Pair Corr
0.53	CBZ	CBIZ Inc	Pair Corr
0.46	LZ	LegalZoom	Pair Corr
0.44	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.4	WLDN	Willdan Group	Pair Corr
0.63	INOD	Innodata Downward Rally	Pair Corr
0.54	PYCR	Paycor HCM	Pair Corr
0.51	FVRR	Fiverr International	Pair Corr
0.5	FTEK	Fuel Tech	Pair Corr
0.5	YIBO	Planet Image Interna	Pair Corr
0.5	CTAS	Cintas	Pair Corr
0.48	DLX	Deluxe	Pair Corr
0.45	SABR	Sabre Corpo	Pair Corr
0.43	ESGLW	ESGL Holdings Limited	Pair Corr

Related Correlations Analysis

	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM
RTO		-0.19	0.07	0.07	-0.51	-0.28	-0.35	0.36	-0.15	0.32	RTO
PFMT	-0.19		-0.4	0.54	-0.11	0.71	-0.46	-0.49	-0.66	-0.49	PFMT
CASS	0.07	-0.4		-0.44	0.35	-0.17	0.73	0.73	0.67	0.75	CASS
MMS	0.07	0.54	-0.44		-0.55	0.46	-0.56	-0.55	-0.58	-0.28	MMS
ARMK	-0.51	-0.11	0.35	-0.55		0.18	0.73	0.19	0.58	0.21	ARMK
RELX	-0.28	0.71	-0.17	0.46	0.18		-0.11	-0.32	-0.31	-0.33	RELX
CTAS	-0.35	-0.46	0.73	-0.56	0.73	-0.11		0.44	0.79	0.59	CTAS
GPN	0.36	-0.49	0.73	-0.55	0.19	-0.32	0.44		0.45	0.51	GPN
CPRT	-0.15	-0.66	0.67	-0.58	0.58	-0.31	0.79	0.45		0.67	CPRT
ABM	0.32	-0.49	0.75	-0.28	0.21	-0.33	0.59	0.51	0.67		ABM
	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CPRT	+ 0.79	CTAS
ABM	+ 0.75	CASS
CTAS	+ 0.73	CASS
GPN	+ 0.73	CASS
CTAS	+ 0.73	ARMK
RELX	+ 0.71	PFMT

High negative correlations

CPRT	- 0.66	PFMT
CPRT	- 0.58	MMS
CTAS	- 0.56	MMS
GPN	- 0.55	MMS
ARMK	- 0.55	MMS
ARMK	- 0.51	RTO

Risk-Adjusted Indicators

There is a big difference between Thomson Stock performing well and Thomson Reuters 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 Thomson Reuters' 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
RTO	1.59	(0.39)	0.00	(0.53)	0.00	0.00	2.40	(2.69)	22.43
PFMT	2.11	(0.37)	0.00	(0.12)	0.00	0.00	3.98	(4.43)	21.95
CASS	1.28	(0.11)	(0.03)	0.04	1.57	(1.48)	2.92	(2.97)	9.44
MMS	1.10	(0.40)	0.00	(0.60)	0.00	0.00	1.76	(2.50)	10.19
ARMK	1.19	0.13	0.09	0.23	1.21	(1.27)	2.93	(2.09)	6.93
RELX	0.93	(0.06)	(0.10)	0.02	1.04	(1.12)	1.81	(1.69)	5.13
CTAS	0.86	0.09	0.07	0.22	0.88	(0.95)	1.74	(1.44)	6.78
GPN	1.39	(0.07)	(0.01)	0.07	2.02	(1.36)	3.43	(2.71)	9.86
CPRT	1.17	0.16	0.11	0.26	1.31	(1.26)	2.67	(1.59)	8.52
ABM	1.25	(0.11)	(0.04)	0.03	1.98	(1.23)	2.67	(2.11)	10.24

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