Rentokil Initial Correlations

RTO Stock

USD 19.89 1.02 4.88%

The current 90-days correlation between Rentokil Initial PLC and BrightView Holdings is 0.18 (i.e., Average diversification). 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

Very weak diversification

The correlation between Rentokil Initial PLC and DJI is 0.57 (i.e., Very 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.

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 estimate.

Moving together with Rentokil Stock

0.81	FA	First Advantage Corp	Pair Corr
0.7	FC	Franklin Covey	Pair Corr
0.66	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.77	ABM	ABM Industries	Pair Corr
0.68	AXR	AMREP	Pair Corr
0.81	BCO	Brinks Company	Pair Corr
0.63	BRC	Brady	Pair Corr
0.81	CBZ	CBIZ Inc	Pair Corr
0.65	CIX	CompX International	Pair Corr
0.64	CLH	Clean Harbors	Pair Corr
0.73	FOUR	Shift4 Payments	Pair Corr

Moving against Rentokil Stock

0.58	VSEC	VSE Corporation	Pair Corr
0.35	DRVN	Driven Brands Holdings	Pair Corr
0.34	NL	NL Industries	Pair Corr
0.8	ESGL	ESGL Holdings Limited	Pair Corr
0.69	WLDN	Willdan Group	Pair Corr
0.37	ACU	Acme United	Pair Corr
0.58	III	Information Services	Pair Corr

Related Correlations Analysis

	CASS	FA	CBZ	CVEO	PFMT	NTIP	WHLM	MADGF	BV	MMS
CASS		-0.22	-0.17	0.09	0.0	-0.1	0.0	0.76	-0.56	-0.81	CASS
FA	-0.22		0.97	0.71	0.0	0.09	0.0	-0.22	0.83	0.49	FA
CBZ	-0.17	0.97		0.71	0.0	0.09	0.0	-0.16	0.8	0.46	CBZ
CVEO	0.09	0.71	0.71		0.0	0.09	0.0	0.05	0.33	0.11	CVEO
PFMT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PFMT
NTIP	-0.1	0.09	0.09	0.09	0.0		0.0	-0.08	0.15	0.11	NTIP
WHLM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WHLM
MADGF	0.76	-0.22	-0.16	0.05	0.0	-0.08	0.0		-0.46	-0.61	MADGF
BV	-0.56	0.83	0.8	0.33	0.0	0.15	0.0	-0.46		0.8	BV
MMS	-0.81	0.49	0.46	0.11	0.0	0.11	0.0	-0.61	0.8		MMS
	CASS	FA	CBZ	CVEO	PFMT	NTIP	WHLM	MADGF	BV	MMS

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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

CBZ	+ 0.97	FA
BV	+ 0.83	FA
BV	+ 0.8	CBZ
MMS	+ 0.8	BV
MADGF	+ 0.76	CASS
CVEO	+ 0.71	FA

High negative correlations

MMS	- 0.81	CASS
MMS	- 0.61	MADGF
BV	- 0.56	CASS
BV	- 0.46	MADGF
MADGF	- 0.22	FA
FA	- 0.22	CASS

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
CASS	1.20	0.12	0.00	(0.02)	0.00	0.00	2.58	(2.61)	9.35
FA	1.97	(0.28)	0.00	(0.43)	0.00	0.00	3.05	(4.88)	17.95
CBZ	1.23	(0.09)	0.00	(0.31)	0.00	0.00	1.91	(3.27)	7.72
CVEO	2.08	0.03	0.00	(0.13)	0.00	0.00	4.43	(4.20)	25.93
PFMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTIP	1.30	(0.01)	0.10	(0.09)	1.48	(1.89)	3.05	(2.33)	11.38
WHLM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MADGF	0.65	(0.12)	0.00	(0.95)	0.00	0.00	0.00	0.00	12.08
BV	1.71	(0.34)	0.00	(1.47)	0.00	0.00	3.69	(4.17)	12.55
MMS	1.32	(0.08)	0.00	(0.39)	0.00	0.00	2.55	(2.51)	10.24

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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