Tradeweb Markets Correlations

TW Stock

USD 106.49 1.43 1.33%

The current 90-days correlation between Tradeweb Markets and Raymond James Financial is 0.16 (i.e., Average diversification). The correlation of Tradeweb Markets 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.

Tradeweb Markets Correlation With Market

Average diversification

The correlation between Tradeweb Markets and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradeweb Markets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tradeweb Stock

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

For more information on how to buy Tradeweb Stock please use our How to Invest in Tradeweb Markets guide.

Moving together with Tradeweb Stock

0.89	X	TMX Group Limited	Pair Corr
0.74	CME	CME Group Earnings Call This Week	Pair Corr
0.93	FDS	FactSet Research Systems	Pair Corr
0.95	ICE	Intercontinental Exchange	Pair Corr
0.74	MCO	Moodys Earnings Call This Week	Pair Corr
0.79	AQX	Aquis Exchange PLC	Pair Corr
0.85	LSEG	London Stock Exchange	Pair Corr
0.87	MKTX	MarketAxess Holdings	Pair Corr
0.92	MORN	Morningstar Earnings Call This Week	Pair Corr
0.61	NDAQ	Nasdaq Inc Earnings Call This Week	Pair Corr
0.78	CARERATING	CARE Ratings Limited Earnings Call This Week	Pair Corr
0.89	ASX	ASX	Pair Corr
0.84	CRISIL	CRISIL Limited	Pair Corr
0.82	ATHR	Aether Holdings, Tech Boost	Pair Corr
0.72	SPGI	SP Global Earnings Call This Week	Pair Corr

Moving against Tradeweb Stock

0.91	HUT	Hut 8 Corp Normal Trading	Pair Corr
0.83	HOOD	Robinhood Markets	Pair Corr
0.82	WTMAR	Welsbach Technology	Pair Corr
0.71	300059	East Money Information	Pair Corr
0.59	NSX	NSX	Pair Corr
0.59	601519	Shanghai DZH	Pair Corr
0.31	VALU	Value Line	Pair Corr
0.87	APLD	Applied Digital Aggressive Push	Pair Corr
0.8	BRK-A	Berkshire Hathaway	Pair Corr
0.78	NET	Cloudflare	Pair Corr
0.76	JEWL	Adamas One Corp	Pair Corr
0.75	300033	Hithink RoyalFlush Info	Pair Corr
0.73	AGMH	AGM Group Holdings	Pair Corr
0.73	IX	Orix Corp Ads	Pair Corr
0.71	PSGTF	PT Semen Indonesia	Pair Corr
0.63	IRM	Iron Mountain	Pair Corr
0.58	RBGPF	Reckitt Benckiser	Pair Corr
0.56	BKKT	Bakkt Holdings	Pair Corr
0.47	MHVYF	Mitsubishi Heavy Ind	Pair Corr

Related Correlations Analysis

	RJF	PJT	MC	LPLA	LAZ	HLI	PIPR	PWP	EVR	MKTX
RJF		0.33	0.57	-0.23	0.45	0.74	0.74	0.61	0.78	-0.42	RJF
PJT	0.33		0.73	0.28	0.61	0.57	0.21	0.46	0.29	0.37	PJT
MC	0.57	0.73		0.11	0.83	0.67	0.49	0.79	0.58	-0.01	MC
LPLA	-0.23	0.28	0.11		0.19	-0.39	-0.68	0.03	-0.62	0.84	LPLA
LAZ	0.45	0.61	0.83	0.19		0.58	0.3	0.72	0.44	0.05	LAZ
HLI	0.74	0.57	0.67	-0.39	0.58		0.78	0.47	0.89	-0.35	HLI
PIPR	0.74	0.21	0.49	-0.68	0.3	0.78		0.48	0.94	-0.75	PIPR
PWP	0.61	0.46	0.79	0.03	0.72	0.47	0.48		0.48	-0.22	PWP
EVR	0.78	0.29	0.58	-0.62	0.44	0.89	0.94	0.48		-0.64	EVR
MKTX	-0.42	0.37	-0.01	0.84	0.05	-0.35	-0.75	-0.22	-0.64		MKTX
	RJF	PJT	MC	LPLA	LAZ	HLI	PIPR	PWP	EVR	MKTX

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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

EVR	+ 0.94	PIPR
EVR	+ 0.89	HLI
MKTX	+ 0.84	LPLA
LAZ	+ 0.83	MC
PWP	+ 0.79	MC
EVR	+ 0.78	RJF

High negative correlations

MKTX	- 0.75	PIPR
PIPR	- 0.68	LPLA
MKTX	- 0.64	EVR
EVR	- 0.62	LPLA
MKTX	- 0.42	RJF
HLI	- 0.39	LPLA

Risk-Adjusted Indicators

There is a big difference between Tradeweb Stock performing well and Tradeweb Markets 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 Tradeweb Markets' 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
RJF	1.04	0.01	0.01	0.07	1.44	(1.02)	2.27	(2.45)	7.32
PJT	1.21	(0.11)	0.00	(0.01)	0.00	0.00	3.04	(2.13)	7.20
MC	1.51	(0.13)	(0.04)	0.00	1.59	(1.85)	3.22	(3.05)	8.51
LPLA	1.53	(0.21)	0.00	(0.16)	0.00	0.00	2.46	(4.72)	11.32
LAZ	1.50	(0.18)	0.00	(0.02)	0.00	0.00	3.06	(2.61)	7.85
HLI	1.00	(0.06)	(0.04)	0.02	1.09	(1.13)	2.15	(1.76)	5.82
PIPR	1.33	0.12	0.14	0.13	1.08	(1.71)	3.58	(1.97)	8.10
PWP	1.86	(0.06)	0.01	0.04	2.03	(2.08)	4.34	(3.18)	11.66
EVR	1.38	0.06	0.08	0.10	1.38	(1.49)	4.11	(2.37)	9.00
MKTX	1.28	(0.31)	0.00	1.90	0.00	0.00	2.07	(2.37)	11.52

Tradeweb Markets Corporate Management

Fred Strobel	MD Resources	Profile
Douglas Friedman	General Counsel, Secretary	Profile
Chris Bruner	Chief Officer	Profile
Daniel Cleaves	Managing Unit	Profile
Douglas JD	General Secretary	Profile
Sara Furber	Chief Officer	Profile

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