Equifax Correlations

EFX Stock  USD 263.09  1.67  0.64%   
The current 90-days correlation between Equifax and Verisk Analytics is 0.4 (i.e., Very weak diversification). The correlation of Equifax 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Equifax Correlation With Market

Poor diversification

The correlation between Equifax and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equifax and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equifax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For more information on how to buy Equifax Stock please use our How to Invest in Equifax guide.

Moving together with Equifax Stock

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  0.65HDSN Hudson TechnologiesPairCorr
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  0.71AL Air LeasePairCorr
  0.67BA BoeingPairCorr
  0.73BV BrightView HoldingsPairCorr
  0.69BZ Kanzhun Ltd ADRPairCorr
  0.66CR Crane CompanyPairCorr

Moving against Equifax Stock

  0.7CDTG CDT EnvironmentalPairCorr
  0.63VIRC Virco ManufacturingPairCorr
  0.52MG Mistras GroupPairCorr

Related Correlations Analysis

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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   
TRUCRAI
CRAIVRSK
FCVRSK
BAHHURN
FORRVRSK
CRAIFORR
  
High negative correlations   
TRUEXPO
FCFCN
CRAIEXPO
BAHVRSK
BAHCRAI
EXPOVRSK

Risk-Adjusted Indicators

There is a big difference between Equifax Stock performing well and Equifax 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 Equifax'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VRSK  0.89 (0.03)(0.08) 0.07  1.15 
 1.70 
 8.38 
EXPO  1.26 (0.28) 0.00 (0.18) 0.00 
 2.48 
 6.69 
FCN  0.87 (0.09) 0.00 (0.07) 0.00 
 1.56 
 5.44 
FC  1.87 (0.23) 0.00 (0.04) 0.00 
 3.76 
 15.48 
ICFI  1.43 (0.04)(0.05) 0.04  1.99 
 2.89 
 8.78 
FORR  2.17  0.05  0.01  0.19  2.42 
 5.41 
 15.92 
CRAI  1.33  0.00 (0.02) 0.13  1.90 
 2.95 
 10.77 
HURN  1.36 (0.25) 0.00 (0.16) 0.00 
 3.12 
 13.93 
TRU  1.60  0.13  0.10  0.20  2.05 
 3.98 
 15.65 
BAH  1.42 (0.10)(0.04) 0.00  3.68 
 3.05 
 20.03