Rentokil Initial Correlations

RTO Stock

USD 28.86 0.17 0.59%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rentokil Initial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rentokil Initial PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rentokil Initial Correlation With Market

Weak diversification

The correlation between Rentokil Initial PLC and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rentokil Initial PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rentokil Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rentokil Initial PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Rentokil Stock

0.8	0J71	JB Hunt Transport	Pair Corr
0.71	0IFX	Electronic Arts	Pair Corr
0.66	0N4T	Nordea Bank Abp	Pair Corr
0.85	0L8B	Southern Copper Corp	Pair Corr

Moving against Rentokil Stock

0.76	VCIG	VCI Global Limited	Pair Corr
0.58	0RFX	Bell Food Group	Pair Corr
0.53	0HEJ	American Homes 4	Pair Corr
0.48	0Z4I	Sunny Optical Technology	Pair Corr
0.47	0I47	Costco Wholesale Corp	Pair Corr
0.38	0ROZ	X FAB Silicon	Pair Corr
0.63	0NI1	Rheinmetall AG	Pair Corr
0.52	0KU1	Raymond James Financial	Pair Corr
0.5	RSG	Republic Services	Pair Corr
0.43	0R9C	Cellnex Telecom SA	Pair Corr
0.56	0KXM	Roper Technologies	Pair Corr
0.52	0HW4	Charter Communications	Pair Corr
0.44	HDSN	Hudson Technologies	Pair Corr
0.31	0FF9	Nordic Semiconductor ASA	Pair Corr

Related Correlations Analysis

	ULS	BIPI	ALLE	WSO	ITT	TXT	AVY	LTM	RBC	RBA
ULS		-0.18	-0.68	-0.8	0.44	-0.42	0.48	0.04	0.73	-0.82	ULS
BIPI	-0.18		0.39	0.25	0.05	-0.19	0.04	-0.14	-0.27	0.21	BIPI
ALLE	-0.68	0.39		0.84	-0.24	0.24	-0.7	-0.5	-0.89	0.67	ALLE
WSO	-0.8	0.25	0.84		-0.11	0.41	-0.58	-0.37	-0.79	0.72	WSO
ITT	0.44	0.05	-0.24	-0.11		-0.31	0.23	-0.14	0.33	-0.16	ITT
TXT	-0.42	-0.19	0.24	0.41	-0.31		-0.08	0.37	-0.06	0.41	TXT
AVY	0.48	0.04	-0.7	-0.58	0.23	-0.08		0.53	0.79	-0.41	AVY
LTM	0.04	-0.14	-0.5	-0.37	-0.14	0.37	0.53		0.6	0.03	LTM
RBC	0.73	-0.27	-0.89	-0.79	0.33	-0.06	0.79	0.6		-0.61	RBC
RBA	-0.82	0.21	0.67	0.72	-0.16	0.41	-0.41	0.03	-0.61		RBA
	ULS	BIPI	ALLE	WSO	ITT	TXT	AVY	LTM	RBC	RBA

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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

WSO	+ 0.84	ALLE
RBC	+ 0.79	AVY
RBC	+ 0.73	ULS
RBA	+ 0.72	WSO
RBA	+ 0.67	ALLE
RBC	+ 0.6	LTM

High negative correlations

RBC	- 0.89	ALLE
RBA	- 0.82	ULS
WSO	- 0.8	ULS
RBC	- 0.79	WSO
AVY	- 0.7	ALLE
ALLE	- 0.68	ULS

Risk-Adjusted Indicators

There is a big difference between Rentokil Stock performing well and Rentokil Initial 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 Rentokil Initial'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
ULS	1.46	0.22	0.07	1.25	2.19	(1.66)	2.25	(2.73)	21.27
BIPI	0.65	(0.08)	0.00	(0.15)	0.00	0.00	1.24	(1.74)	3.95
ALLE	0.92	(0.20)	0.00	(0.17)	0.00	0.00	2.15	(2.28)	5.10
WSO	1.58	(0.26)	0.00	(0.11)	0.00	0.00	3.56	(3.60)	10.61
ITT	1.19	(0.09)	0.00	(0.03)	0.00	0.00	1.76	(2.65)	17.49
TXT	0.98	0.01	0.01	0.07	1.29	(0.98)	2.06	(1.83)	6.24
AVY	1.13	0.14	0.10	0.33	0.90	(1.36)	2.57	(1.98)	12.00
LTM	1.51	0.09	0.04	0.16	1.92	(1.59)	3.24	(3.46)	8.50
RBC	1.12	0.17	0.13	0.20	1.13	(1.18)	3.01	(2.55)	8.53
RBA	1.13	(0.23)	0.00	(0.18)	0.00	0.00	2.07	(2.91)	7.27

Rentokil Initial Corporate Management

Alain Moffroid	Managing Europe	Profile
Mark Purcell	Chief Officer	Profile
Vanessa Evans	Group Director	Profile
Phill Wood	Managing Africa	Profile
Andrew Ransom	CEO Director	Profile

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