CH Robinson Correlations

CHRW Stock

USD 103.17 2.58 2.56%

The current 90-days correlation between CH Robinson Worldwide and JB Hunt Transport is 0.79 (i.e., Poor 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

Poor diversification

The correlation between CH Robinson Worldwide and DJI is 0.63 (i.e., Poor 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.

Build AI portfolio with CHRW Stock

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 metropolitan statistical area.

Moving together with CHRW Stock

0.85	EXPD	Expeditors International	Pair Corr
0.8	FDX	FedEx	Pair Corr
0.74	GXO	GXO Logistics	Pair Corr
0.7	FWRD	Forward Air Earnings Call This Week	Pair Corr
0.77	UPS	United Parcel Service Earnings Call This Week	Pair Corr
0.9	HUBG	Hub Group Earnings Call This Week	Pair Corr
0.89	JBHT	JB Hunt Transport Sell-off Trend	Pair Corr
0.72	LSTR	Landstar System Earnings Call This Week	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.85	R	Ryder System Earnings Call This Week	Pair Corr
0.62	DIST	Distoken Acquisition	Pair Corr
0.78	AL	Air Lease	Pair Corr
0.69	AP	Ampco Pittsburgh	Pair Corr
0.74	AZ	A2Z Smart Technologies	Pair Corr
0.85	BA	Boeing Earnings Call This Week	Pair Corr
0.72	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.69	BV	BrightView Holdings	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr

Moving against CHRW Stock

0.64	NCEW	New Century Logistics	Pair Corr
0.48	LSH	Lakeside Holding	Pair Corr
0.44	CRGOW	Freightos Limited	Pair Corr
0.43	HXHX	Haoxin Holdings	Pair Corr
0.32	PAL	Proficient Auto Logi	Pair Corr

Related Correlations Analysis

	JBHT	LSTR	HUBG	FWRD	EXPD
JBHT		0.7	0.89	0.84	0.87	JBHT
LSTR	0.7		0.83	0.4	0.81	LSTR
HUBG	0.89	0.83		0.63	0.85	HUBG
FWRD	0.84	0.4	0.63		0.69	FWRD
EXPD	0.87	0.81	0.85	0.69		EXPD
	JBHT	LSTR	HUBG	FWRD	EXPD

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JBHT	1.47	(0.12)	0.02	0.16	1.30	(1.76)	2.93	(2.44)	13.63
LSTR	1.29	(0.25)	(0.11)	0.05	1.48	(1.40)	2.88	(2.69)	8.87
HUBG	1.71	(0.19)	0.01	0.13	1.82	(1.82)	4.00	(2.68)	12.32
FWRD	3.23	0.54	0.28	0.42	2.53	(3.75)	9.53	(4.17)	25.09
EXPD	1.25	(0.16)	(0.04)	0.12	1.35	(1.48)	2.90	(2.16)	9.33

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