Thomson Reuters Correlations

TRI Stock

USD 170.01 0.08 0.05%

The current 90-days correlation between Thomson Reuters and Rentokil Initial PLC is 0.27 (i.e., Modest diversification). The correlation of Thomson Reuters 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.

Thomson Reuters Correlation With Market

Very weak diversification

The correlation between Thomson Reuters and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thomson Reuters and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Thomson Stock

0.89	G	Genpact Limited	Pair Corr
0.63	MG	Mistras Group	Pair Corr
0.72	WNS	WNS Holdings	Pair Corr
0.66	IIIV	i3 Verticals	Pair Corr
0.76	DE	Deere Company	Pair Corr
0.83	EH	Ehang Holdings	Pair Corr
0.76	GE	GE Aerospace	Pair Corr

Moving against Thomson Stock

0.88	TTEK	Tetra Tech	Pair Corr
0.85	KBR	KBR Inc	Pair Corr
0.77	DLX	Deluxe	Pair Corr
0.75	MATW	Matthews International	Pair Corr
0.72	ASGN	ASGN Inc	Pair Corr
0.71	BV	BrightView Holdings	Pair Corr
0.65	GEO	Geo Group	Pair Corr
0.58	CLVT	CLARIVATE PLC	Pair Corr
0.57	NL	NL Industries	Pair Corr
0.57	J	Jacobs Solutions	Pair Corr
0.49	CIX	CompX International	Pair Corr
0.41	RPAY	Repay Holdings Corp	Pair Corr
0.41	AP	Ampco Pittsburgh Earnings Call Today	Pair Corr
0.73	TE	T1 Energy Symbol Change	Pair Corr
0.68	BW	Babcock Wilcox Enter	Pair Corr
0.68	KE	Kimball Electronics	Pair Corr
0.67	CW	Curtiss Wright	Pair Corr
0.61	OP	Oceanpal	Pair Corr
0.48	GD	General Dynamics	Pair Corr
0.46	IR	Ingersoll Rand	Pair Corr
0.35	RR	Richtech Robotics Class	Pair Corr
0.33	DY	Dycom Industries	Pair Corr

Related Correlations Analysis

	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM
RTO		0.0	0.15	-0.03	0.56	0.11	0.3	0.68	0.83	0.65	RTO
PFMT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFMT
CASS	0.15	0.0		-0.86	-0.32	0.58	0.62	-0.43	0.0	0.03	CASS
MMS	-0.03	0.0	-0.86		0.55	-0.35	-0.43	0.6	0.23	0.16	MMS
ARMK	0.56	0.0	-0.32	0.55		0.07	0.23	0.78	0.76	0.7	ARMK
RELX	0.11	0.0	0.58	-0.35	0.07		0.67	-0.25	0.1	0.2	RELX
CTAS	0.3	0.0	0.62	-0.43	0.23	0.67		-0.1	0.21	0.6	CTAS
GPN	0.68	0.0	-0.43	0.6	0.78	-0.25	-0.1		0.83	0.54	GPN
CPRT	0.83	0.0	0.0	0.23	0.76	0.1	0.21	0.83		0.59	CPRT
ABM	0.65	0.0	0.03	0.16	0.7	0.2	0.6	0.54	0.59		ABM
	RTO	PFMT	CASS	MMS	ARMK	RELX	CTAS	GPN	CPRT	ABM

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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

CPRT	+ 0.83	RTO
CPRT	+ 0.83	GPN
GPN	+ 0.78	ARMK
CPRT	+ 0.76	ARMK
ABM	+ 0.7	ARMK
GPN	+ 0.68	RTO

High negative correlations

MMS	- 0.86	CASS
CTAS	- 0.43	MMS
GPN	- 0.43	CASS
RELX	- 0.35	MMS
ARMK	- 0.32	CASS
GPN	- 0.25	RELX

Risk-Adjusted Indicators

There is a big difference between Thomson Stock performing well and Thomson Reuters 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 Thomson Reuters' 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
RTO	1.49	(0.15)	0.00	(0.19)	0.00	0.00	2.28	(3.67)	13.47
PFMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CASS	1.13	0.03	0.00	(0.03)	0.00	0.00	2.58	(2.61)	8.63
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72
ARMK	1.21	(0.17)	0.00	(0.25)	0.00	0.00	2.26	(2.78)	7.80
RELX	0.93	0.13	0.13	0.14	1.07	(0.97)	2.13	(1.62)	5.78
CTAS	1.22	(0.10)	0.00	(0.25)	0.00	0.00	2.09	(2.02)	10.84
GPN	1.22	(0.18)	0.00	(0.26)	0.00	0.00	1.96	(3.67)	6.66
CPRT	0.85	(0.16)	0.00	(0.28)	0.00	0.00	1.49	(2.01)	4.96
ABM	1.37	(0.19)	0.00	(0.30)	0.00	0.00	2.86	(3.26)	13.58

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