FactSet Research Correlations

FDS Stock

USD 285.99 2.86 1.01%

The current 90-days correlation between FactSet Research Systems and Dun Bradstreet Holdings is 0.12 (i.e., Average diversification). The correlation of FactSet Research 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.

FactSet Research Correlation With Market

Average diversification

The correlation between FactSet Research Systems and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FactSet Research Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FactSet Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FactSet Research Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with FactSet Stock

0.92	TW	Tradeweb Markets Normal Trading	Pair Corr
0.79	X	TMX Group Limited	Pair Corr
0.86	ICE	Intercontinental Exchange	Pair Corr
0.69	MCO	Moodys Earnings Call This Week	Pair Corr
0.7	AQX	Aquis Exchange PLC	Pair Corr
0.9	LSEG	London Stock Exchange	Pair Corr
0.89	MKTX	MarketAxess Holdings	Pair Corr
0.98	MORN	Morningstar	Pair Corr
0.84	CARERATING	CARE Ratings Limited Earnings Call Next Week	Pair Corr
0.87	ASX	ASX	Pair Corr
0.89	CRISIL	CRISIL Limited	Pair Corr
0.8	ATHR	Aether Holdings, Tech Boost	Pair Corr
0.67	SPGI	SP Global	Pair Corr
0.75	BSE	BSE Limited	Pair Corr
0.75	DFIN	Donnelley Financial	Pair Corr
0.77	TRNR	Interactive Strength	Pair Corr

Moving against FactSet Stock

0.9	HUT	Hut 8 Corp Normal Trading	Pair Corr
0.88	WTMAR	Welsbach Technology	Pair Corr
0.88	HOOD	Robinhood Markets	Pair Corr
0.65	300059	East Money Information	Pair Corr
0.63	NSX	NSX	Pair Corr
0.55	601519	Shanghai DZH	Pair Corr
0.9	EVGO	Evgo Inc	Pair Corr
0.79	AGMH	AGM Group Holdings	Pair Corr
0.77	TDY	Teledyne Technologies	Pair Corr
0.66	BRK-A	Berkshire Hathaway	Pair Corr
0.65	300033	Hithink RoyalFlush Info	Pair Corr
0.54	SNOW	Snowflake	Pair Corr
0.46	BKKT	Bakkt Holdings	Pair Corr
0.46	ARQQ	Arqit Quantum Upward Rally	Pair Corr

Related Correlations Analysis

	DNB	MCO	MSCI	ICE	SPGI	NDAQ	CME
DNB		-0.16	0.19	-0.54	-0.07	0.13	-0.59	DNB
MCO	-0.16		0.01	0.75	0.92	0.86	0.39	MCO
MSCI	0.19	0.01		-0.19	0.03	-0.06	-0.37	MSCI
ICE	-0.54	0.75	-0.19		0.79	0.64	0.71	ICE
SPGI	-0.07	0.92	0.03	0.79		0.87	0.34	SPGI
NDAQ	0.13	0.86	-0.06	0.64	0.87		0.31	NDAQ
CME	-0.59	0.39	-0.37	0.71	0.34	0.31		CME
	DNB	MCO	MSCI	ICE	SPGI	NDAQ	CME

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

SPGI	+ 0.92	MCO
NDAQ	+ 0.87	SPGI
NDAQ	+ 0.86	MCO
SPGI	+ 0.79	ICE
ICE	+ 0.75	MCO
CME	+ 0.71	ICE

High negative correlations

CME	- 0.59	DNB
ICE	- 0.54	DNB
CME	- 0.37	MSCI
ICE	- 0.19	MSCI
MCO	- 0.16	DNB
SPGI	- 0.07	DNB

Risk-Adjusted Indicators

There is a big difference between FactSet Stock performing well and FactSet Research 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 FactSet Research'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DNB	0.10	0.02	(0.01)	1.14	(0.16)	0.22	(0.11)	0.88
MCO	0.91	(0.09)	0.00	(0.06)	0.00	1.72	(2.21)	9.46
MSCI	1.23	(0.10)	0.00	(0.08)	0.00	2.63	(2.60)	10.51
ICE	0.73	(0.23)	0.00	(0.48)	0.00	1.70	(1.72)	5.75
SPGI	0.84	(0.14)	0.00	(0.21)	0.00	1.52	(1.48)	10.78
NDAQ	0.89	(0.04)	0.00	(0.05)	0.00	1.62	(1.74)	10.46
CME	0.76	(0.01)	0.00	0.10	0.00	1.47	(1.61)	5.71

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