ManpowerGroup Correlations

MAN Stock

USD 27.64 1.07 3.73%

The current 90-days correlation between ManpowerGroup and Heidrick Struggles International is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ManpowerGroup Correlation With Market

Very weak diversification

The correlation between ManpowerGroup and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ManpowerGroup and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ManpowerGroup Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ManpowerGroup. 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.

To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.

Moving together with ManpowerGroup Stock

0.95	ADP	Automatic Data Processing Sell-off Trend	Pair Corr
0.68	KFRC	Kforce Inc	Pair Corr
0.73	CLIK	Click Holdings	Pair Corr

Moving against ManpowerGroup Stock

0.88	RIG	Transocean Aggressive Push	Pair Corr
0.81	F	Ford Motor Aggressive Push	Pair Corr
0.7	NVDA	NVIDIA	Pair Corr
0.56	NBB	Norman Broadbent Plc	Pair Corr
0.55	MPW	Medical Properties Trust	Pair Corr
0.47	NIO	Nio Class A	Pair Corr
0.45	GRAB	Grab Holdings	Pair Corr
0.44	PLUG	Plug Power	Pair Corr
0.42	OPEN	Opendoor Technologies Upward Rally	Pair Corr
0.39	YCQH	YCQH Agricultural	Pair Corr
0.31	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.87	INSM	Insmed Inc	Pair Corr
0.77	SSLLF	Siltronic AG	Pair Corr
0.74	TSLA	Tesla Inc	Pair Corr
0.61	SKSBF	Skanska AB	Pair Corr
0.61	INTAF	Intact Financial	Pair Corr
0.57	BLFS	BioLife Solutions	Pair Corr
0.56	SD	SandRidge Energy	Pair Corr
0.46	VLYPP	Valley National Bancorp	Pair Corr
0.43	BKKT	Bakkt Holdings Earnings Call This Week	Pair Corr
0.43	NB	NioCorp Developments	Pair Corr
0.37	IONQ	IONQ Inc	Pair Corr
0.32	BRFS	BRF SA ADR Earnings Call This Week	Pair Corr
0.89	LSRCY	Lasertec	Pair Corr
0.87	MAG	MAG Silver Corp	Pair Corr
0.86	TOELY	Tokyo Electron	Pair Corr
0.8	GLW	Corning Incorporated	Pair Corr
0.8	INVX	Innovex International,	Pair Corr
0.73	SIMO	Silicon Motion Technology	Pair Corr

Related Correlations Analysis

	HSII	CTOS	NSP	NSSC	DCO	WLDN	BBSI	CODI	NMM	ICFI
HSII		0.41	-0.71	0.61	0.4	-0.65	-0.75	0.02	0.06	-0.8	HSII
CTOS	0.41		-0.06	0.4	0.59	-0.27	-0.16	0.42	-0.47	-0.19	CTOS
NSP	-0.71	-0.06		-0.46	-0.16	0.62	0.94	0.45	-0.18	0.87	NSP
NSSC	0.61	0.4	-0.46		0.52	-0.77	-0.5	-0.11	0.4	-0.51	NSSC
DCO	0.4	0.59	-0.16	0.52		-0.21	-0.18	0.18	-0.08	-0.13	DCO
WLDN	-0.65	-0.27	0.62	-0.77	-0.21		0.7	0.3	-0.22	0.7	WLDN
BBSI	-0.75	-0.16	0.94	-0.5	-0.18	0.7		0.37	-0.14	0.88	BBSI
CODI	0.02	0.42	0.45	-0.11	0.18	0.3	0.37		-0.39	0.3	CODI
NMM	0.06	-0.47	-0.18	0.4	-0.08	-0.22	-0.14	-0.39		-0.13	NMM
ICFI	-0.8	-0.19	0.87	-0.51	-0.13	0.7	0.88	0.3	-0.13		ICFI
	HSII	CTOS	NSP	NSSC	DCO	WLDN	BBSI	CODI	NMM	ICFI

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

BBSI	+ 0.94	NSP
ICFI	+ 0.88	BBSI
ICFI	+ 0.87	NSP
BBSI	+ 0.7	WLDN
ICFI	+ 0.7	WLDN
WLDN	+ 0.62	NSP

High negative correlations

ICFI	- 0.8	HSII
WLDN	- 0.77	NSSC
BBSI	- 0.75	HSII
NSP	- 0.71	HSII
WLDN	- 0.65	HSII
ICFI	- 0.51	NSSC

Risk-Adjusted Indicators

There is a big difference between ManpowerGroup Stock performing well and ManpowerGroup 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 ManpowerGroup'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
HSII	1.27	0.32	0.31	0.40	0.50	(1.56)	3.22	(1.68)	19.73
CTOS	2.25	(0.15)	0.00	0.03	2.96	(2.41)	5.37	(4.75)	17.65
NSP	2.03	(0.89)	0.00	(0.31)	0.00	0.00	3.48	(5.52)	23.68
NSSC	1.77	0.41	0.22	0.38	1.67	(2.13)	4.80	(2.32)	18.83
DCO	1.64	(0.04)	0.01	0.07	2.23	(1.72)	3.81	(3.64)	11.56
WLDN	2.75	(0.47)	0.00	(0.10)	0.00	0.00	5.20	(6.01)	16.04
BBSI	1.31	(0.64)	0.00	(0.21)	0.00	0.00	1.66	(2.24)	19.76
CODI	3.03	(0.28)	0.00	(0.06)	0.00	0.00	7.26	(6.87)	23.06
NMM	1.33	0.16	0.07	0.51	1.28	(1.42)	3.50	(2.18)	7.65
ICFI	1.40	(0.30)	0.00	(0.17)	0.00	0.00	2.89	(3.63)	10.27

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

2025 Macroaxis LLC