Robert Half Correlations

RHI Stock

USD 59.63 0.27 0.45%

The current 90-days correlation between Robert Half International and Korn Ferry is 0.41 (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

Modest diversification

The correlation between Robert Half International and DJI is 0.27 (i.e., Modest 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

0.87	BV	BrightView Holdings	Pair Corr
0.87	NL	NL Industries Earnings Call This Week	Pair Corr
0.86	DLHC	DLH Holdings Corp	Pair Corr
0.66	VCIG	VCI Global Limited	Pair Corr
0.84	VLTO	Veralto	Pair Corr
0.66	EXPO	Exponent	Pair Corr
0.91	WLDN	Willdan Group Earnings Call Next Week	Pair Corr
0.9	BTM	Bitcoin Depot	Pair Corr
0.86	DLX	Deluxe	Pair Corr
0.77	HNI	HNI Corp	Pair Corr
0.64	FVRR	Fiverr International	Pair Corr
0.74	MAN	ManpowerGroup	Pair Corr
0.69	SOS	SOS Limited	Pair Corr
0.68	TBI	TrueBlue	Pair Corr
0.74	WEX	Wex Inc Buyout Trend	Pair Corr

Moving against Robert Stock

0.84	G	Genpact Limited Sell-off Trend	Pair Corr
0.71	MG	Mistras Group Earnings Call This Week	Pair Corr
0.7	LZ	LegalZoom	Pair Corr
0.56	KC	Kingsoft Cloud Holdings	Pair Corr
0.51	WM	Waste Management	Pair Corr
0.51	VRSK	Verisk Analytics	Pair Corr
0.33	BR	Broadridge Financial	Pair Corr
0.5	EXLS	ExlService Holdings Earnings Call Tomorrow	Pair Corr
0.37	FOUR	Shift4 Payments	Pair Corr
0.37	KAR	KAR Auction Services	Pair Corr
0.83	IIIV	i3 Verticals	Pair Corr
0.72	PBI	Pitney Bowes	Pair Corr
0.51	INOD	Innodata	Pair Corr
0.44	ROL	Rollins	Pair Corr

Related Correlations Analysis

	KELYA	KFRC	KFY	TBI	HSII	HSON	MAN	ADP	BBSI
KELYA		0.41	0.67	0.07	0.45	0.17	0.66	0.08	0.26	KELYA
KFRC	0.41		0.7	0.74	0.57	0.91	0.84	-0.51	0.68	KFRC
KFY	0.67	0.7		0.36	0.71	0.56	0.9	0.08	0.59	KFY
TBI	0.07	0.74	0.36		0.61	0.75	0.58	-0.49	0.75	TBI
HSII	0.45	0.57	0.71	0.61		0.43	0.76	-0.14	0.82	HSII
HSON	0.17	0.91	0.56	0.75	0.43		0.7	-0.44	0.54	HSON
MAN	0.66	0.84	0.9	0.58	0.76	0.7		-0.12	0.72	MAN
ADP	0.08	-0.51	0.08	-0.49	-0.14	-0.44	-0.12		-0.28	ADP
BBSI	0.26	0.68	0.59	0.75	0.82	0.54	0.72	-0.28		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	+ 0.91	KFRC
MAN	+ 0.9	KFY
MAN	+ 0.84	KFRC
BBSI	+ 0.82	HSII
MAN	+ 0.76	HSII
HSON	+ 0.75	TBI

High negative correlations

ADP	- 0.51	KFRC
ADP	- 0.49	TBI
ADP	- 0.44	HSON
BBSI	- 0.28	ADP
ADP	- 0.14	HSII
ADP	- 0.12	MAN

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	1.58	(0.11)	0.00	(0.15)	0.00	0.00	3.57	(3.34)	12.03
KFRC	1.12	(0.29)	0.00	(0.30)	0.00	0.00	2.23	(3.30)	6.19
KFY	1.09	(0.30)	0.00	(0.36)	0.00	0.00	1.83	(2.63)	9.23
TBI	2.71	(0.33)	0.00	(0.36)	0.00	0.00	5.00	(6.22)	22.95
HSII	0.84	(0.20)	0.00	(0.41)	0.00	0.00	1.60	(2.14)	6.39
HSON	1.63	(0.43)	0.00	(0.84)	0.00	0.00	3.55	(4.19)	12.40
MAN	1.09	(0.25)	0.00	(0.32)	0.00	0.00	2.02	(2.96)	6.18
ADP	0.70	0.04	0.03	0.09	0.87	(0.71)	1.21	(1.73)	3.96
BBSI	0.99	(0.10)	0.00	(0.15)	0.00	0.00	1.94	(2.02)	4.85

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