TFI International Correlations

TFII Stock

USD 77.30 0.15 0.19%

The current 90-days correlation between TFI International and Old Dominion Freight is 0.47 (i.e., Very weak 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

Average diversification

The correlation between TFI International and DJI is 0.12 (i.e., Average 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.

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

0.94	VLRS	Volaris	Pair Corr
0.94	WERN	Werner Enterprises	Pair Corr
0.94	AAL	American Airlines	Pair Corr
0.72	ALK	Alaska Air Group	Pair Corr
0.76	CNI	Canadian National Railway	Pair Corr
0.85	CSX	CSX Corporation	Pair Corr
0.87	DAL	Delta Air Lines Earnings Call This Week	Pair Corr
0.92	KNX	Knight Transportation	Pair Corr
0.77	RXO	RXO Inc	Pair Corr
0.88	UAL	United Airlines Holdings	Pair Corr
0.87	ULH	Universal Logistics	Pair Corr
0.8	XPO	XPO Logistics	Pair Corr
0.93	HTLD	Heartland Express	Pair Corr
0.78	JBLU	JetBlue Airways Corp	Pair Corr
0.88	MESA	Mesa Air Group	Pair Corr
0.91	MRTN	Marten Transport	Pair Corr
0.7	ODFL	Old Dominion Freight	Pair Corr
0.77	PAMT	PAMT P Symbol Change	Pair Corr
0.75	AIRT	Air T Inc	Pair Corr
0.94	ALGT	Allegiant Travel	Pair Corr
0.95	SAIA	Saia Inc	Pair Corr
0.96	ARCB	ArcBest Corp	Pair Corr
0.88	SKYW	SkyWest	Pair Corr
0.94	SNDR	Schneider National	Pair Corr
0.65	SNCY	Sun Country Airlines	Pair Corr
0.64	SRFM	Surf Air Mobility	Pair Corr

Moving against TFI Stock

0.69	LTM	LATAM Airlines Group	Pair Corr
0.61	CPA	Copa Holdings SA	Pair Corr
0.73	ATSG	Air Transport Services	Pair Corr
0.46	ATCOL	Atlas Corp	Pair Corr
0.45	RYAAY	Ryanair Holdings PLC	Pair Corr
0.5	G	Genpact Limited Sell-off Trend	Pair Corr
0.35	AZ	A2Z Smart Technologies	Pair Corr

Related Correlations Analysis

	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG
ODFL		0.76	0.66	0.71	0.77	0.85	0.35	0.79	0.68	0.18	ODFL
ARCB	0.76		0.95	0.96	0.95	0.96	0.83	0.95	0.96	0.42	ARCB
MRTN	0.66	0.95		0.98	0.91	0.9	0.86	0.91	0.95	0.46	MRTN
WERN	0.71	0.96	0.98		0.96	0.93	0.86	0.94	0.98	0.47	WERN
KNX	0.77	0.95	0.91	0.96		0.95	0.79	0.95	0.96	0.36	KNX
SAIA	0.85	0.96	0.9	0.93	0.95		0.76	0.97	0.93	0.42	SAIA
ULH	0.35	0.83	0.86	0.86	0.79	0.76		0.79	0.87	0.56	ULH
HTLD	0.79	0.95	0.91	0.94	0.95	0.97	0.79		0.94	0.43	HTLD
SNDR	0.68	0.96	0.95	0.98	0.96	0.93	0.87	0.94		0.48	SNDR
CVLG	0.18	0.42	0.46	0.47	0.36	0.42	0.56	0.43	0.48		CVLG
	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ODFL	1.57	(0.10)	(0.77)	2.54	(3.16)	13.98
ARCB	1.67	(0.42)	(1.38)	3.68	(4.43)	9.75
MRTN	1.24	(0.19)	1.49	2.82	(2.64)	7.62
WERN	1.27	(0.30)	(45.92)	2.35	(2.82)	8.47
KNX	1.37	(0.30)	1.24	2.97	(2.64)	8.09
SAIA	2.27	(0.41)	(2.73)	3.84	(4.72)	15.36
ULH	2.31	(0.84)	1.46	3.82	(4.76)	22.95
HTLD	1.46	(0.24)	(0.31)	2.65	(3.04)	8.35
SNDR	1.23	(0.38)	1.21	2.27	(3.10)	7.76
CVLG	2.37	(0.94)	(0.65)	2.70	(3.33)	51.25

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC