Correlation Between TriNet and Getty Images

Can any of the company-specific risk be diversified away by investing in both TriNet and Getty Images at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining TriNet and Getty Images into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between TriNet Group and Getty Images Holdings, you can compare the effects of market volatilities on TriNet and Getty Images and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in TriNet with a short position of Getty Images. Check out your portfolio center. Please also check ongoing floating volatility patterns of TriNet and Getty Images.

Diversification Opportunities for TriNet and Getty Images

-0.07

Correlation Coefficient

TriNet  Getty Images

Good diversification

The 3 months correlation between TriNet and Getty is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding TriNet Group and Getty Images Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Getty Images Holdings and TriNet is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on TriNet Group are associated (or correlated) with Getty Images. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Getty Images Holdings has no effect on the direction of TriNet i.e., TriNet and Getty Images go up and down completely randomly.

Pair Corralation between TriNet and Getty Images

Given the investment horizon of 90 days TriNet Group is expected to under-perform the Getty Images. But the stock apears to be less risky and, when comparing its historical volatility, TriNet Group is 2.0 times less risky than Getty Images. The stock trades about -0.21 of its potential returns per unit of risk. The Getty Images Holdings is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  181.00  in Getty Images Holdings on May 19, 2025 and sell it today you would earn a total of  0.00  from holding Getty Images Holdings or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

TriNet Group  vs.  Getty Images Holdings

TriNet Group

Risk-Adjusted Performance

Weakest

Over the last 90 days TriNet Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical and fundamental indicators remain comparatively stable which may send shares a bit higher in September 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Getty Images Holdings

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Getty Images Holdings are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Getty Images is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with TriNet and Getty Images

The main advantage of trading using opposite TriNet and Getty Images positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TriNet position performs unexpectedly, Getty Images can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Getty Images will offset losses from the drop in Getty Images' long position.

The idea behind TriNet Group and Getty Images Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.