FactSet Research Correlations

FDS Stock

USD 491.61 0.26 0.05%

The current 90-days correlation between FactSet Research Systems and Dun Bradstreet Holdings is 0.14 (i.e., Average diversification). The correlation of FactSet Research 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.

FactSet Research Correlation With Market

Average diversification

The correlation between FactSet Research Systems and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FactSet Research Systems and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FactSet Research Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with FactSet Stock

0.82	VALU	Value Line	Pair Corr
0.69	CME	CME Group	Pair Corr
0.65	MCO	Moodys	Pair Corr
0.75	MORN	Morningstar	Pair Corr
0.62	MSCI	MSCI Inc	Pair Corr
0.89	NDAQ	Nasdaq Inc	Pair Corr
0.89	COIN	Coinbase Global	Pair Corr
0.87	C	Citigroup Aggressive Push	Pair Corr
0.88	L	Loews Corp	Pair Corr
0.92	V	Visa Class A	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.81	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.84	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.87	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.71	CG	Carlyle Group	Pair Corr
0.79	CM	Canadian Imperial Bank	Pair Corr
0.91	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.65	LX	Lexinfintech Holdings	Pair Corr

Moving against FactSet Stock

0.79	BTOG	Bit Origin	Pair Corr
0.75	MKTW	Marketwise	Pair Corr
0.74	QMCI	Quotemedia	Pair Corr
0.56	ICE	Intercontinental Exchange	Pair Corr
0.37	CBOE	Cboe Global Markets	Pair Corr
0.39	EG	Everest Group	Pair Corr
0.32	CB	Chubb	Pair Corr
0.69	LU	Lufax Holding	Pair Corr
0.69	TD	Toronto Dominion Bank	Pair Corr
0.45	NU	Nu Holdings Sell-off Trend	Pair Corr
0.4	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	DNB	MCO	MSCI	ICE	SPGI	NDAQ	CME
DNB		0.56	0.46	-0.71	0.09	0.86	0.62	DNB
MCO	0.56		0.68	-0.06	0.72	0.62	0.57	MCO
MSCI	0.46	0.68		-0.17	0.38	0.51	0.71	MSCI
ICE	-0.71	-0.06	-0.17		0.33	-0.47	-0.44	ICE
SPGI	0.09	0.72	0.38	0.33		0.03	0.03	SPGI
NDAQ	0.86	0.62	0.51	-0.47	0.03		0.73	NDAQ
CME	0.62	0.57	0.71	-0.44	0.03	0.73		CME
	DNB	MCO	MSCI	ICE	SPGI	NDAQ	CME

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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

NDAQ	+ 0.86	DNB
CME	+ 0.73	NDAQ
SPGI	+ 0.72	MCO
CME	+ 0.71	MSCI
MSCI	+ 0.68	MCO
CME	+ 0.62	DNB

High negative correlations

ICE	- 0.71	DNB
NDAQ	- 0.47	ICE
CME	- 0.44	ICE
ICE	- 0.17	MSCI
ICE	- 0.06	MCO

Risk-Adjusted Indicators

There is a big difference between FactSet Stock performing well and FactSet Research 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 FactSet Research'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
DNB	1.00	0.11	0.08	0.37	0.98	(1.11)	2.61	(1.70)	11.33
MCO	0.88	(0.01)	(0.03)	0.01	1.18	(0.93)	1.61	(1.70)	6.89
MSCI	0.95	0.13	0.07	0.91	1.18	(0.94)	1.97	(2.22)	5.72
ICE	0.77	(0.08)	0.00	(0.55)	0.00	0.00	1.50	(1.66)	8.00
SPGI	0.79	(0.05)	0.00	(0.17)	0.00	0.00	1.35	(1.85)	5.82
NDAQ	0.81	0.10	0.06	0.65	1.03	(0.81)	1.78	(1.77)	4.58
CME	0.74	0.14	0.09	1.19	0.85	(0.77)	1.63	(1.78)	4.89

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