Robert Half Correlations

RHI Stock

USD 53.43 1.45 2.64%

The current 90-days correlation between Robert Half International and Korn Ferry is 0.47 (i.e., Very weak diversification). The correlation of Robert Half 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.

Robert Half Correlation With Market

Very weak diversification

The correlation between Robert Half International and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robert Half International 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 Robert Half 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 rate.

Moving together with Robert Stock

0.69	BRC	Brady	Pair Corr
0.92	DLX	Deluxe	Pair Corr
0.61	GEO	Geo Group	Pair Corr
0.85	KBR	KBR Inc	Pair Corr
0.87	MATW	Matthews International	Pair Corr
0.82	RPAY	Repay Holdings Corp	Pair Corr
0.87	ASGN	ASGN Inc	Pair Corr
0.95	TTEK	Tetra Tech	Pair Corr
0.85	CLVT	CLARIVATE PLC	Pair Corr
0.86	J	Jacobs Solutions	Pair Corr
0.91	BV	BrightView Holdings	Pair Corr
0.88	BW	Babcock Wilcox Enter	Pair Corr
0.79	CW	Curtiss Wright	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.63	FC	Franklin Covey	Pair Corr
0.61	HI	Hillenbrand	Pair Corr
0.64	HY	Hyster Yale Materials	Pair Corr
0.79	IR	Ingersoll Rand	Pair Corr
0.88	KE	Kimball Electronics	Pair Corr

Moving against Robert Stock

0.79	G	Genpact Limited	Pair Corr
0.71	WNS	WNS Holdings	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.41	IIIV	i3 Verticals	Pair Corr
0.85	BZ	Kanzhun Ltd ADR	Pair Corr
0.84	EH	Ehang Holdings	Pair Corr
0.83	LZ	LegalZoom	Pair Corr
0.81	SB	Safe Bulkers	Pair Corr
0.75	PC	Premium Catering	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.65	DE	Deere Company	Pair Corr

Related Correlations Analysis

	KELYA	KFRC	KFY	TBI	HSII	HSON	MAN	ADP	BBSI
KELYA		0.36	0.59	0.39	0.37	0.23	0.22	-0.08	0.44	KELYA
KFRC	0.36		0.6	0.82	0.57	0.86	0.27	-0.64	0.73	KFRC
KFY	0.59	0.6		0.59	0.7	0.47	0.48	-0.29	0.69	KFY
TBI	0.39	0.82	0.59		0.53	0.94	-0.08	-0.34	0.9	TBI
HSII	0.37	0.57	0.7	0.53		0.41	0.51	-0.31	0.55	HSII
HSON	0.23	0.86	0.47	0.94	0.41		-0.15	-0.44	0.82	HSON
MAN	0.22	0.27	0.48	-0.08	0.51	-0.15		-0.22	-0.01	MAN
ADP	-0.08	-0.64	-0.29	-0.34	-0.31	-0.44	-0.22		-0.27	ADP
BBSI	0.44	0.73	0.69	0.9	0.55	0.82	-0.01	-0.27		BBSI
	KELYA	KFRC	KFY	TBI	HSII	HSON	MAN	ADP	BBSI

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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

HSON	+ 0.94	TBI
BBSI	+ 0.9	TBI
HSON	+ 0.86	KFRC
TBI	+ 0.82	KFRC
BBSI	+ 0.82	HSON
BBSI	+ 0.73	KFRC

High negative correlations

ADP	- 0.64	KFRC
ADP	- 0.44	HSON
ADP	- 0.34	TBI
ADP	- 0.31	HSII
ADP	- 0.29	KFY
BBSI	- 0.27	ADP

Risk-Adjusted Indicators

There is a big difference between Robert Stock performing well and Robert Half 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 Robert Half'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
KELYA	1.62	(0.01)	0.00	(0.01)	1.96	(1.84)	3.16	(3.59)	11.95
KFRC	1.19	(0.27)	0.00	(0.37)	0.00	0.00	2.22	(3.31)	7.05
KFY	1.16	(0.02)	0.00	(0.02)	0.00	0.00	1.97	(2.63)	9.01
TBI	2.99	(0.58)	0.00	(0.39)	0.00	0.00	5.78	(6.62)	22.95
HSII	1.32	(0.03)	0.00	(0.06)	0.00	0.00	2.51	(3.38)	17.22
HSON	1.72	(0.45)	0.00	(0.47)	0.00	0.00	3.43	(4.18)	9.92
MAN	1.36	(0.03)	0.00	(0.03)	0.00	0.00	3.22	(2.36)	8.18
ADP	0.83	0.02	0.02	0.03	1.21	(0.80)	1.25	(1.73)	4.90
BBSI	0.96	(0.07)	0.00	0.66	0.00	0.00	1.91	(1.96)	4.99

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