CH Robinson Correlations
| CHRW Stock | USD 107.61 0.93 0.86% |
The current 90-days correlation between CH Robinson Worldwide and JB Hunt Transport is 0.32 (i.e., Weak diversification). The correlation of CH Robinson 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.
CH Robinson Correlation With Market
Weak diversification
The correlation between CH Robinson Worldwide and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CH Robinson Worldwide and DJI in the same portfolio, assuming nothing else is changed.
CHRW |
Moving together with CHRW Stock
| 0.66 | GXO | GXO Logistics | PairCorr |
| 0.61 | JYD | Jayud Global Logistics | PairCorr |
| 0.61 | FWRD | Forward Air | PairCorr |
| 0.71 | UPS | United Parcel Service | PairCorr |
| 0.76 | PBI-PB | Pitney Bowes NT Potential Growth | PairCorr |
| 0.71 | B | Barnes Group | PairCorr |
| 0.75 | J | Jacobs Solutions | PairCorr |
| 0.68 | R | Ryder System | PairCorr |
| 0.71 | BR | Broadridge Financial | PairCorr |
| 0.73 | BW | Babcock Wilcox Enter | PairCorr |
Moving against CHRW Stock
| 0.65 | PAL | Proficient Auto Logi | PairCorr |
| 0.6 | PSIG | PS International | PairCorr |
| 0.36 | FDX | FedEx | PairCorr |
| 0.41 | SGLY | Singularity Future | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.5 | CP | Canadian Pacific Railway | PairCorr |
Related Correlations Analysis
| 0.34 | 0.69 | 0.14 | -0.43 | JBHT | ||
| 0.34 | 0.3 | 0.22 | 0.2 | LSTR | ||
| 0.69 | 0.3 | -0.06 | -0.14 | HUBG | ||
| 0.14 | 0.22 | -0.06 | -0.13 | FWRD | ||
| -0.43 | 0.2 | -0.14 | -0.13 | EXPD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CHRW Stock performing well and CH Robinson 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 CH Robinson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JBHT | 1.26 | (0.05) | (0.03) | 0.08 | 1.42 | 2.89 | 6.94 | |||
| LSTR | 1.22 | (0.18) | 0.00 | (0.04) | 0.00 | 1.89 | 8.45 | |||
| HUBG | 1.39 | 0.09 | 0.10 | 0.18 | 1.27 | 3.32 | 11.93 | |||
| FWRD | 2.50 | 0.10 | 0.04 | 0.21 | 2.83 | 4.39 | 12.56 | |||
| EXPD | 0.86 | (0.05) | 0.00 | (0.11) | 0.00 | 1.89 | 4.65 |