Tradeweb Markets Correlations

TW Stock

USD 142.41 0.59 0.41%

The current 90-days correlation between Tradeweb Markets and Raymond James Financial is 0.27 (i.e., Modest diversification). The correlation of Tradeweb Markets 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.

Tradeweb Markets Correlation With Market

Average diversification

The correlation between Tradeweb Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tradeweb Markets 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 Tradeweb Markets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Tradeweb Stock please use our How to Invest in Tradeweb Markets guide.

Moving against Tradeweb Stock

0.77	RM	Regional Management Corp	Pair Corr
0.74	MC	Moelis	Pair Corr
0.72	MS	Morgan Stanley	Pair Corr
0.69	GS	Goldman Sachs Group	Pair Corr
0.68	SF	Stifel Financial	Pair Corr
0.64	PX	P10 Inc	Pair Corr
0.62	BN	Brookfield Corp	Pair Corr
0.61	CG	Carlyle Group Normal Trading	Pair Corr
0.55	DIST	Distoken Acquisition	Pair Corr
0.55	RC	Ready Capital Corp	Pair Corr
0.47	BX	Blackstone Group Normal Trading	Pair Corr
0.34	MA	Mastercard Sell-off Trend	Pair Corr
0.32	AC	Associated Capital	Pair Corr
0.74	ENVA	Enova International	Pair Corr
0.7	ECPG	Encore Capital Group	Pair Corr
0.65	EARN	Ellington Residential Potential Growth	Pair Corr
0.6	VCTR	Victory Capital Holdings	Pair Corr
0.44	VIRT	Virtu Financial Normal Trading	Pair Corr
0.42	ABR	Arbor Realty Trust	Pair Corr
0.38	FDUS	Fidus Investment Corp	Pair Corr

Related Correlations Analysis

	RJF	PJT	MC	LPLA	LAZ	HLI	PIPR	PWP	EVR	MKTX
RJF		0.77	0.92	0.57	0.81	0.94	0.89	0.93	0.87	0.18	RJF
PJT	0.77		0.88	0.77	0.88	0.86	0.84	0.78	0.74	-0.27	PJT
MC	0.92	0.88		0.59	0.87	0.95	0.96	0.95	0.94	0.09	MC
LPLA	0.57	0.77	0.59		0.63	0.63	0.48	0.53	0.35	-0.63	LPLA
LAZ	0.81	0.88	0.87	0.63		0.9	0.87	0.85	0.81	0.02	LAZ
HLI	0.94	0.86	0.95	0.63	0.9		0.93	0.94	0.88	0.11	HLI
PIPR	0.89	0.84	0.96	0.48	0.87	0.93		0.94	0.96	0.23	PIPR
PWP	0.93	0.78	0.95	0.53	0.85	0.94	0.94		0.94	0.22	PWP
EVR	0.87	0.74	0.94	0.35	0.81	0.88	0.96	0.94		0.37	EVR
MKTX	0.18	-0.27	0.09	-0.63	0.02	0.11	0.23	0.22	0.37		MKTX
	RJF	PJT	MC	LPLA	LAZ	HLI	PIPR	PWP	EVR	MKTX

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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

PIPR	+ 0.96	MC
EVR	+ 0.96	PIPR
HLI	+ 0.95	MC
PWP	+ 0.95	MC
HLI	+ 0.94	RJF
EVR	+ 0.94	MC

High negative correlations

MKTX	- 0.63	LPLA
MKTX	- 0.27	PJT

Risk-Adjusted Indicators

There is a big difference between Tradeweb Stock performing well and Tradeweb Markets 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 Tradeweb Markets' 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
RJF	1.29	(0.10)	0.00	(0.16)	0.00	0.00	1.94	(3.24)	7.12
PJT	1.56	(0.13)	0.00	(0.17)	0.00	0.00	3.24	(2.79)	11.57
MC	1.67	(0.20)	0.00	(0.22)	0.00	0.00	2.78	(4.40)	8.78
LPLA	1.41	0.12	0.04	0.02	2.33	(1.29)	2.36	(3.47)	9.62
LAZ	1.96	(0.08)	0.00	(0.12)	0.00	0.00	4.04	(4.56)	14.41
HLI	1.35	(0.08)	0.00	(0.15)	0.00	0.00	1.98	(3.01)	8.89
PIPR	1.58	(0.21)	0.00	(0.23)	0.00	0.00	2.82	(3.91)	9.43
PWP	2.20	(0.25)	0.00	(0.24)	0.00	0.00	4.67	(5.26)	14.41
EVR	1.85	(0.44)	0.00	(0.35)	0.00	0.00	2.33	(5.48)	11.75
MKTX	1.13	(0.14)	0.00	0.33	0.00	0.00	2.19	(1.93)	10.64

Tradeweb Markets Corporate Management

Fred Strobel	MD Resources	Profile
Douglas Friedman	General Counsel, Secretary	Profile
Douglas JD	General Secretary	Profile
Sara Furber	Chief Officer	Profile

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