Thomson Reuters Correlations

TRI Stock

USD 209.29 0.02 0.01%

The current 90-days correlation between Thomson Reuters and Rentokil Initial PLC is 0.17 (i.e., Average diversification). The correlation of Thomson Reuters 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.

Thomson Reuters Correlation With Market

Average diversification

The correlation between Thomson Reuters and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thomson Reuters and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Thomson Stock

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

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

Moving together with Thomson Stock

0.62	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr
0.85	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.88	KAR	KAR Auction Services	Pair Corr
0.93	STN	Stantec	Pair Corr
0.79	HDSN	Hudson Technologies	Pair Corr
0.68	ZONE	CleanCore Solutions	Pair Corr
0.64	LNZA	LanzaTech Global	Pair Corr
0.77	MLKN	MillerKnoll	Pair Corr
0.82	TIXT	TELUS International	Pair Corr
0.86	TTEK	Tetra Tech	Pair Corr
0.62	CTAS	Cintas Earnings Call This Week	Pair Corr
0.9	J	Jacobs Solutions	Pair Corr
0.82	R	Ryder System Earnings Call This Week	Pair Corr
0.71	DIST	Distoken Acquisition	Pair Corr
0.81	AL	Air Lease	Pair Corr
0.8	AP	Ampco Pittsburgh	Pair Corr
0.9	AZ	A2Z Smart Technologies	Pair Corr
0.88	BA	Boeing	Pair Corr
0.8	BE	Bloom Energy Corp	Pair Corr
0.61	BV	BrightView Holdings	Pair Corr
0.75	BW	Babcock Wilcox Enter	Pair Corr
0.8	BZ	Kanzhun Ltd ADR	Pair Corr
0.75	CP	Canadian Pacific Railway	Pair Corr
0.83	CR	Crane Company	Pair Corr

Moving against Thomson Stock

0.82	VIRC	Virco Manufacturing	Pair Corr
0.73	NL	NL Industries	Pair Corr
0.64	CDTG	CDT Environmental	Pair Corr
0.58	KBR	KBR Inc Earnings Call This Week	Pair Corr
0.72	PC	Premium Catering	Pair Corr
0.63	MG	Mistras Group	Pair Corr
0.48	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM
RTO		0.0	0.46	0.26	0.55	0.57	0.71	0.02	-0.41	0.12	RTO
PFMT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFMT
CASS	0.46	0.0		0.55	0.87	0.38	0.47	0.48	-0.58	0.15	CASS
MMS	0.26	0.0	0.55		0.56	0.39	0.52	0.38	-0.01	0.58	MMS
ARMK	0.55	0.0	0.87	0.56		0.4	0.72	0.39	-0.75	0.07	ARMK
RELX	0.57	0.0	0.38	0.39	0.4		0.55	-0.09	-0.04	0.59	RELX
CTAS	0.71	0.0	0.47	0.52	0.72	0.55		0.13	-0.53	0.24	CTAS
GPN	0.02	0.0	0.48	0.38	0.39	-0.09	0.13		-0.08	0.11	GPN
CPRT	-0.41	0.0	-0.58	-0.01	-0.75	-0.04	-0.53	-0.08		0.41	CPRT
ABM	0.12	0.0	0.15	0.58	0.07	0.59	0.24	0.11	0.41		ABM
	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM

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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

ARMK	+ 0.87	CASS
CTAS	+ 0.72	ARMK
CTAS	+ 0.71	RTO
ABM	+ 0.59	RELX
ABM	+ 0.58	MMS
RELX	+ 0.57	RTO

High negative correlations

CPRT	- 0.75	ARMK
CPRT	- 0.58	CASS
CPRT	- 0.53	CTAS
CPRT	- 0.41	RTO
GPN	- 0.09	RELX
CPRT	- 0.08	GPN

Risk-Adjusted Indicators

There is a big difference between Thomson Stock performing well and Thomson Reuters 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 Thomson Reuters' 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
RTO	1.19	0.06	(0.02)	0.32	1.37	(1.23)	2.65	(2.05)	8.87
PFMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CASS	1.02	0.03	0.01	0.17	1.15	(1.16)	2.50	(1.70)	6.20
MMS	1.25	(0.06)	(0.05)	0.07	1.33	(1.45)	2.18	(1.93)	16.21
ARMK	1.03	0.36	0.25	0.82	0.72	(1.20)	2.14	(2.00)	12.26
RELX	0.90	0.08	(0.03)	0.94	1.09	(0.97)	1.92	(1.52)	6.53
CTAS	0.84	(0.01)	(0.04)	0.11	1.08	(0.88)	1.72	(1.69)	6.57
GPN	1.73	(0.27)	0.00	(0.01)	0.00	0.00	3.28	(2.98)	17.85
CPRT	1.09	(0.50)	0.00	(0.45)	0.00	0.00	1.51	(2.61)	14.38
ABM	1.27	(0.08)	(0.04)	0.05	2.04	(1.36)	2.96	(2.94)	13.13

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