TFI International Correlations

TFII Stock

USD 90.05 0.18 0.20%

The current 90-days correlation between TFI International and Old Dominion Freight is 0.82 (i.e., Very poor diversification). The correlation of TFI International 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.

TFI International Correlation With Market

Poor diversification

The correlation between TFI International and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TFI International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TFI Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TFI International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in TFI Stock please use our How to Invest in TFI International guide.

Moving together with TFI Stock

0.82	CP	Canadian Pacific Railway Earnings Call This Week	Pair Corr
0.77	AAL	American Airlines Earnings Call Today	Pair Corr
0.65	ALK	Alaska Air Group	Pair Corr
0.84	CPA	Copa Holdings SA	Pair Corr
0.78	DAL	Delta Air Lines	Pair Corr
0.86	LTM	LATAM Airlines Group	Pair Corr
0.78	LUV	Southwest Airlines Earnings Call Today	Pair Corr
0.84	NSC	Norfolk Southern Earnings Call This Week	Pair Corr
0.69	UAL	United Airlines Holdings	Pair Corr
0.8	HTLD	Heartland Express	Pair Corr
0.84	ODFL	Old Dominion Freight	Pair Corr
0.78	RYAAY	Ryanair Holdings PLC	Pair Corr
0.77	ALGT	Allegiant Travel Earnings Call This Week	Pair Corr
0.78	SKYW	SkyWest	Pair Corr
0.82	SNCY	Sun Country Airlines Earnings Call This Week	Pair Corr
0.95	CVLG	Covenant Logistics Group,	Pair Corr
0.72	ULCC	Frontier Group Holdings	Pair Corr
0.79	J	Jacobs Solutions	Pair Corr
0.83	R	Ryder System Earnings Call Today	Pair Corr
0.87	AL	Air Lease	Pair Corr
0.68	AP	Ampco Pittsburgh Downward Rally	Pair Corr
0.75	AZ	A2Z Smart Technologies	Pair Corr
0.81	BA	Boeing Earnings Call This Week	Pair Corr
0.77	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr
0.85	BW	Babcock Wilcox Enter	Pair Corr
0.9	CR	Crane Company Earnings Call This Week	Pair Corr

Moving against TFI Stock

0.62	FLYX	flyExclusive,	Pair Corr
0.58	G	Genpact Limited	Pair Corr
0.47	MESA	Mesa Air Group	Pair Corr
0.66	NL	NL Industries	Pair Corr
0.64	MG	Mistras Group Earnings Call This Week	Pair Corr
0.35	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG
ODFL		0.65	0.75	0.25	0.91	0.26	0.55	0.79	0.67	0.79	ODFL
ARCB	0.65		0.48	0.62	0.8	0.39	0.75	0.61	0.88	0.87	ARCB
MRTN	0.75	0.48		0.47	0.63	0.47	0.68	0.72	0.47	0.48	MRTN
WERN	0.25	0.62	0.47		0.35	0.48	0.71	0.45	0.67	0.41	WERN
KNX	0.91	0.8	0.63	0.35		0.17	0.58	0.83	0.85	0.94	KNX
SAIA	0.26	0.39	0.47	0.48	0.17		0.74	0.3	0.23	0.07	SAIA
ULH	0.55	0.75	0.68	0.71	0.58	0.74		0.66	0.62	0.55	ULH
HTLD	0.79	0.61	0.72	0.45	0.83	0.3	0.66		0.71	0.77	HTLD
SNDR	0.67	0.88	0.47	0.67	0.85	0.23	0.62	0.71		0.88	SNDR
CVLG	0.79	0.87	0.48	0.41	0.94	0.07	0.55	0.77	0.88		CVLG
	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG

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Risk-Adjusted Indicators

There is a big difference between TFI Stock performing well and TFI International 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 TFI International'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
ODFL	1.67	(0.24)	(0.03)	0.08	2.11	(1.82)	3.70	(3.19)	15.17
ARCB	2.55	0.02	0.11	0.21	2.50	(3.05)	6.05	(4.02)	18.84
MRTN	1.26	(0.24)	0.00	(0.02)	0.00	0.00	2.92	(2.40)	8.95
WERN	1.81	0.18	(0.05)	(0.20)	2.49	(1.96)	4.19	(2.86)	14.28
KNX	1.63	(0.13)	0.02	0.13	1.55	(1.93)	3.89	(2.95)	13.69
SAIA	2.71	(0.44)	(0.03)	0.01	5.63	(2.90)	5.30	(3.37)	34.39
ULH	2.49	(0.32)	(0.03)	0.05	3.38	(2.53)	5.19	(4.15)	18.52
HTLD	1.82	(0.17)	(0.06)	0.07	1.89	(2.18)	4.30	(3.07)	14.53
SNDR	1.46	0.35	0.03	(0.64)	1.47	(1.51)	3.47	(2.86)	11.11
CVLG	1.63	0.07	0.14	0.24	1.32	(2.05)	4.65	(2.80)	15.19

TFI International Corporate Management

Lucien Bouchard	Independent Director	Profile
Joey Saputo	Independent Director	Profile
Bill Preece	Vice President Environment	Profile
Daniel Auger	Vice President - Information Technology	Profile

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