Equifax Correlations

EFX Stock  EUR 240.00  6.39  2.74%   
The current 90-days correlation between Equifax and Paychex is 0.45 (i.e., Very weak diversification). The correlation of Equifax 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.

Equifax Correlation With Market

Weak diversification

The correlation between Equifax and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equifax and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Equifax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equifax when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equifax - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equifax to buy it.

Moving together with Equifax Stock

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  0.74SSUN Samsung ElectronicsPairCorr
  0.76SSU Samsung ElectronicsPairCorr
  0.61PQ9 PT Bank MandiriPairCorr
  0.66PTI Perusahaan PerseroanPairCorr
  0.65TCID Telkom Indonesia TbkPairCorr

Moving against Equifax Stock

  0.88FIV Fiserv IncPairCorr
  0.82UN3 United Natural FoodsPairCorr
  0.8ADP Automatic Data ProcessingPairCorr
  0.77PCX PaychexPairCorr
  0.77ZGY Fidelity NationalPairCorr
  0.68KBIA KB Financial GroupPairCorr
  0.66VA7A Verisk AnalyticsPairCorr
  0.43DBPE Xtrackers LevDAXPairCorr
  0.31GLO Global PaymentsPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Equifax without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Equifax Corporate Management

Elected by the shareholders, the Equifax's board of directors comprises two types of representatives: Equifax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equifax. The board's role is to monitor Equifax's management team and ensure that shareholders' interests are well served. Equifax's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equifax's outside directors are responsible for providing unbiased perspectives on the board's policies.
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