CH Robinson Correlations

Stocks . USA . 
Stock . CH Robinson Worldwide
CHRW Stock  USD 126.13  1.09  0.86%   
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

Average diversification

The correlation between CH Robinson Worldwide and DJI is 0.11 (i.e., Average 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.
  
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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 real.

Moving together with CHRW Stock

  0.85EXPD Expeditors InternationalPairCorr
  0.62GXO GXO LogisticsPairCorr
  0.66FWRD Forward AirPairCorr
  0.75HUBG Hub GroupPairCorr
  0.9AIRTP Air T IncPairCorr
  0.85CRGOW Freightos LimitedPairCorr
  0.65AIRT Air T Inc Upward RallyPairCorr
  0.69SFWL Shengfeng DevelopmentPairCorr
  0.92CRGO Freightos LimitedPairCorr
  0.84CYRX Cryoport Upward RallyPairCorr
  0.87J Jacobs SolutionsPairCorr
  0.82R Ryder SystemPairCorr
  0.67BA BoeingPairCorr
  0.96BE Bloom Energy CorpPairCorr
  0.82BR Broadridge FinancialPairCorr

Moving against CHRW Stock

  0.94HXHX Haoxin HoldingsPairCorr
  0.85UPS United Parcel ServicePairCorr
  0.83NCEW New Century LogisticsPairCorr
  0.72LSTR Landstar SystemPairCorr
  0.71ATXG Addentax Group CorpPairCorr
  0.57JYD Jayud Global LogisticsPairCorr
  0.56GVH Globavend HoldingsPairCorr
  0.33BTOC Armlogi Holding CorpPairCorr
  0.77BV BrightView HoldingsPairCorr
  0.76CP Canadian Pacific Railway Sell-off TrendPairCorr
  0.76OP OceanpalPairCorr
  0.75DE Deere CompanyPairCorr
  0.72PN Skycorp Solar GroupPairCorr
  0.64HY Hyster Yale MaterialsPairCorr
  0.64IR Ingersoll RandPairCorr
  0.61FA First Advantage CorpPairCorr

Related Correlations Analysis


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

EXPD
+ 0.84
HUBG
FWRD
+ 0.74
HUBG
EXPD
+ 0.63
FWRD
LSTR
+ 0.49
JBHT
HUBG
+ 0.46
JBHT
FWRD
+ 0.4
JBHT
  

High negative correlations

FWRD
- 0.45
LSTR
EXPD
- 0.37
LSTR
HUBG
- 0.17
LSTR

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.

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