Relx PLC Correlations

RELX Stock

USD 49.70 0.51 1.04%

The current 90-days correlation between Relx PLC ADR and Maximus is -0.25 (i.e., Very good diversification). The correlation of Relx PLC 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.

Relx PLC Correlation With Market

Good diversification

The correlation between Relx PLC ADR and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relx PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Relx PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Relx Stock

0.61	G	Genpact Limited Sell-off Trend	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.66	LZ	LegalZoom	Pair Corr
0.71	MG	Mistras Group Earnings Call This Week	Pair Corr
0.8	EXLS	ExlService Holdings Earnings Call Tomorrow	Pair Corr
0.62	FOUR	Shift4 Payments	Pair Corr
0.64	IIIV	i3 Verticals	Pair Corr

Moving against Relx Stock

0.5	FTEK	Fuel Tech	Pair Corr
0.37	VCIG	VCI Global Limited	Pair Corr
0.36	VLTO	Veralto	Pair Corr
0.58	LICY	LiCycle Holdings Corp	Pair Corr
0.58	CDTG	CDT Environmental	Pair Corr
0.55	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.54	LNZA	LanzaTech Global Earnings Call Shortly	Pair Corr
0.5	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.5	IMXI	International Money	Pair Corr
0.35	ZONE	CleanCore Solutions Buyout Trend	Pair Corr
0.34	EVGOW	EVgo Equity Warrants	Pair Corr

Related Correlations Analysis

	MMS	PFSW	CBZ	FA	NTIP	RBA	CTAS	ARMK	RTO	CASS
MMS		0.0	0.03	-0.52	0.26	-0.65	-0.33	-0.02	-0.71	-0.8	MMS
PFSW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
CBZ	0.03	0.0		0.12	0.38	-0.02	0.01	-0.23	-0.26	-0.11	CBZ
FA	-0.52	0.0	0.12		-0.4	0.4	0.67	0.57	0.48	0.66	FA
NTIP	0.26	0.0	0.38	-0.4		-0.08	-0.12	-0.28	-0.37	-0.34	NTIP
RBA	-0.65	0.0	-0.02	0.4	-0.08		0.64	0.29	0.72	0.79	RBA
CTAS	-0.33	0.0	0.01	0.67	-0.12	0.64		0.68	0.42	0.69	CTAS
ARMK	-0.02	0.0	-0.23	0.57	-0.28	0.29	0.68		0.21	0.37	ARMK
RTO	-0.71	0.0	-0.26	0.48	-0.37	0.72	0.42	0.21		0.84	RTO
CASS	-0.8	0.0	-0.11	0.66	-0.34	0.79	0.69	0.37	0.84		CASS
	MMS	PFSW	CBZ	FA	NTIP	RBA	CTAS	ARMK	RTO	CASS

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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

CASS	+ 0.84	RTO
CASS	+ 0.79	RBA
RTO	+ 0.72	RBA
CASS	+ 0.69	CTAS
ARMK	+ 0.68	CTAS
CTAS	+ 0.67	FA

High negative correlations

CASS	- 0.8	MMS
RTO	- 0.71	MMS
RBA	- 0.65	MMS
FA	- 0.52	MMS
NTIP	- 0.4	FA
RTO	- 0.37	NTIP

Risk-Adjusted Indicators

There is a big difference between Relx Stock performing well and Relx PLC 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 Relx PLC'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
MMS	1.18	(0.11)	0.00	(0.13)	0.00	0.00	2.58	(2.51)	10.72
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBZ	1.09	0.11	0.08	0.90	1.21	(1.14)	2.01	(1.79)	5.76
FA	1.22	(0.04)	0.00	(0.05)	0.00	0.00	2.68	(2.77)	8.94
NTIP	1.50	0.04	0.02	0.10	1.89	(1.82)	3.08	(2.94)	9.55
RBA	0.91	0.16	0.14	(0.41)	0.86	(0.99)	2.08	(1.70)	9.60
CTAS	1.18	(0.13)	0.00	(0.34)	0.00	0.00	2.16	(1.92)	11.45
ARMK	1.20	0.00	0.00	0.02	1.64	(1.18)	2.76	(2.52)	7.74
RTO	1.20	(0.01)	0.00	0.13	0.00	0.00	2.13	(2.63)	6.84
CASS	1.09	(0.03)	0.00	0.46	0.00	0.00	2.56	(2.62)	8.64

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