Professional Diversity Correlations

IPDN Stock

USD 0.80 0.05 6.67%

The current 90-days correlation between Professional Diversity and RecruiterCom Group is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Professional Diversity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Professional Diversity Network moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Professional Diversity Correlation With Market

Good diversification

The correlation between Professional Diversity Network and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Professional Diversity Network and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Professional Diversity Network. 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 Professional Stock

0.79	NL	NL Industries	Pair Corr
0.79	WLDN	Willdan Group	Pair Corr
0.69	ADP	Automatic Data Processing	Pair Corr
0.69	FOUR	Shift4 Payments	Pair Corr

Moving against Professional Stock

0.84	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.63	VCIG	VCI Global Limited	Pair Corr
0.34	FA	First Advantage Corp	Pair Corr
0.32	VLTO	Veralto	Pair Corr
0.86	FORR	Forrester Research	Pair Corr
0.8	WHLM	Wilhelmina	Pair Corr
0.72	EFX	Equifax	Pair Corr
0.35	ACU	Acme United	Pair Corr
0.34	DSS	DSS Inc	Pair Corr
0.82	WNS	WNS Holdings	Pair Corr
0.73	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.6	TRI	Thomson Reuters Corp	Pair Corr
0.59	SMX	SMX Public Limited	Pair Corr
0.52	RTO	Rentokil Initial PLC	Pair Corr
0.46	FCN	FTI Consulting	Pair Corr

Related Correlations Analysis

	STAF	RCRT	CWLPF	TREP	KELYA	MHH	KFRC	HSON	MAN	RANJY
STAF		0.09	-0.49	0.21	-0.47	0.5	0.26	-0.11	-0.48	-0.49	STAF
RCRT	0.09		-0.05	0.26	-0.52	0.6	-0.25	-0.08	-0.41	-0.43	RCRT
CWLPF	-0.49	-0.05		-0.23	0.3	-0.27	-0.14	0.02	0.45	0.42	CWLPF
TREP	0.21	0.26	-0.23		-0.28	0.32	-0.31	-0.34	-0.46	-0.06	TREP
KELYA	-0.47	-0.52	0.3	-0.28		-0.89	0.22	0.25	0.72	0.7	KELYA
MHH	0.5	0.6	-0.27	0.32	-0.89		-0.08	-0.22	-0.58	-0.69	MHH
KFRC	0.26	-0.25	-0.14	-0.31	0.22	-0.08		0.11	0.55	-0.11	KFRC
HSON	-0.11	-0.08	0.02	-0.34	0.25	-0.22	0.11		0.22	0.13	HSON
MAN	-0.48	-0.41	0.45	-0.46	0.72	-0.58	0.55	0.22		0.56	MAN
RANJY	-0.49	-0.43	0.42	-0.06	0.7	-0.69	-0.11	0.13	0.56		RANJY
	STAF	RCRT	CWLPF	TREP	KELYA	MHH	KFRC	HSON	MAN	RANJY

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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

MAN	+ 0.72	KELYA
RANJY	+ 0.7	KELYA
MHH	+ 0.6	RCRT
RANJY	+ 0.56	MAN
MAN	+ 0.55	KFRC
MHH	+ 0.5	STAF

High negative correlations

MHH	- 0.89	KELYA
RANJY	- 0.69	MHH
MAN	- 0.58	MHH
KELYA	- 0.52	RCRT
RANJY	- 0.49	STAF
CWLPF	- 0.49	STAF

Risk-Adjusted Indicators

There is a big difference between Professional Stock performing well and Professional Diversity 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 Professional Diversity'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
STAF	6.75	0.26	0.04	0.47	6.05	(9.64)	11.43	(9.40)	84.50
RCRT	4.55	0.72	0.10	(0.99)	4.55	(5.64)	11.56	(8.57)	29.55
CWLPF	1.62	(0.08)	0.00	(0.14)	0.00	0.00	6.76	(5.00)	29.40
TREP	7.79	1.15	0.08	1.50	8.53	(13.48)	23.99	(19.35)	72.30
KELYA	1.73	(0.69)	0.00	(0.30)	0.00	0.00	2.39	(4.04)	27.28
MHH	3.40	0.46	0.15	0.42	3.26	(4.02)	7.46	(5.10)	25.91
KFRC	1.32	(0.27)	0.00	(0.12)	0.00	0.00	2.48	(3.03)	9.02
HSON	1.73	(0.31)	0.00	2.96	0.00	0.00	3.70	(4.27)	16.19
MAN	1.40	(0.35)	0.00	(0.14)	0.00	0.00	2.68	(2.84)	12.95
RANJY	1.41	(0.06)	0.00	0.24	0.00	0.00	2.48	(3.20)	13.44

Professional Diversity Corporate Management

Jin Chou	S Staff	Profile
Michael Polyviou	Investor Relations	Profile
Gary Abbott	Investor Professional	Profile
Xin He	Chief Officer	Profile
Larry Aichler	Chief Officer	Profile
Megan Bozzuto	Chief Officer	Profile

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