CRA International Correlations

CRAI Stock

USD 175.92 1.92 1.08%

The correlation of CRA International 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.

CRA International Correlation With Market

Average diversification

The correlation between CRA International and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CRA International and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CRA International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with CRA Stock

0.72

RTO

Rentokil Initial PLC

Pair Corr

Moving against CRA Stock

0.38	MAN	ManpowerGroup	Pair Corr
0.31	MMS	Maximus	Pair Corr
0.36	HDSN	Hudson Technologies	Pair Corr

Related Correlations Analysis

	FC	ICFI	HURN	FCN	FORR	EXPO	RGP
FC		0.68	-0.76	0.79	0.85	0.76	0.74	FC
ICFI	0.68		-0.86	0.9	0.94	0.92	0.9	ICFI
HURN	-0.76	-0.86		-0.81	-0.87	-0.77	-0.83	HURN
FCN	0.79	0.9	-0.81		0.94	0.92	0.9	FCN
FORR	0.85	0.94	-0.87	0.94		0.91	0.93	FORR
EXPO	0.76	0.92	-0.77	0.92	0.91		0.86	EXPO
RGP	0.74	0.9	-0.83	0.9	0.93	0.86		RGP
	FC	ICFI	HURN	FCN	FORR	EXPO	RGP

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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

FORR	+ 0.94	ICFI
FORR	+ 0.94	FCN
RGP	+ 0.93	FORR
EXPO	+ 0.92	ICFI
EXPO	+ 0.92	FCN
EXPO	+ 0.91	FORR

High negative correlations

FORR	- 0.87	HURN
HURN	- 0.86	ICFI
RGP	- 0.83	HURN
FCN	- 0.81	HURN
EXPO	- 0.77	HURN
HURN	- 0.76	FC

Risk-Adjusted Indicators

There is a big difference between CRA Stock performing well and CRA International 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 CRA International'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FC	1.72	(0.28)	0.00	(0.32)	0.00	0.00	2.59	(3.17)	13.98
ICFI	1.92	(0.59)	0.00	1.01	0.00	0.00	3.96	(3.92)	24.76
HURN	1.58	0.31	0.17	0.34	1.77	(1.75)	2.63	(3.38)	21.61
FCN	1.15	(0.28)	0.00	(0.64)	0.00	0.00	1.80	(1.99)	17.31
FORR	2.02	(0.71)	0.00	(0.77)	0.00	0.00	3.02	(4.19)	15.73
EXPO	0.98	(0.22)	0.00	(0.52)	0.00	0.00	1.71	(2.46)	6.03
RGP	1.47	(0.28)	0.00	(0.47)	0.00	0.00	2.38	(3.64)	7.87

CRA International Corporate Management

Jonathan JD	General VP	Profile
Miguel Herce	Principal	Profile
Elahd Toam	Principal	Profile
Samuel Lynch	Principal	Profile

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