Professional Diversity Correlations

IPDN Stock

USD 0.73 0.04 5.19%

The current 90-days correlation between Professional Diversity and RecruiterCom Group is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Professional Diversity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Professional Diversity Network moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Professional Diversity Correlation With Market

Good diversification

The correlation between Professional Diversity Network and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Professional Diversity Network and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Professional Diversity Network. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Professional Stock

0.78	NL	NL Industries	Pair Corr
0.79	WLDN	Willdan Group	Pair Corr
0.66	ADP	Automatic Data Processing	Pair Corr
0.64	FOUR	Shift4 Payments	Pair Corr
0.67	GDS	GDS Holdings Buyout Trend	Pair Corr

Moving against Professional Stock

0.84	DLHC	DLH Holdings Corp Earnings Call This Week	Pair Corr
0.8	WHLM	Wilhelmina	Pair Corr
0.61	VCIG	VCI Global Limited Trending	Pair Corr
0.42	BCO	Brinks Company	Pair Corr
0.34	FA	First Advantage Corp	Pair Corr
0.85	FORR	Forrester Research	Pair Corr
0.71	EFX	Equifax	Pair Corr
0.66	MSA	MSA Safety	Pair Corr
0.6	MEG	Montrose Environmental	Pair Corr
0.57	SMX	SMX Public Limited	Pair Corr
0.46	FCN	FTI Consulting	Pair Corr
0.38	HDSN	Hudson Technologies	Pair Corr
0.31	MMS	Maximus	Pair Corr

Related Correlations Analysis

	STAF	RCRT	CWLPF	TREP	KELYA	MHH	KFRC	HSON	MAN	RANJY
STAF		0.17	-0.62	0.14	-0.56	0.54	0.18	-0.21	-0.59	-0.53	STAF
RCRT	0.17		-0.01	-0.03	-0.5	0.64	-0.2	-0.12	-0.35	-0.36	RCRT
CWLPF	-0.62	-0.01		-0.23	0.31	-0.25	-0.09	0.03	0.51	0.43	CWLPF
TREP	0.14	-0.03	-0.23		-0.1	0.07	-0.2	-0.29	-0.28	-0.01	TREP
KELYA	-0.56	-0.5	0.31	-0.1		-0.89	0.18	0.23	0.71	0.74	KELYA
MHH	0.54	0.64	-0.25	0.07	-0.89		-0.05	-0.2	-0.57	-0.74	MHH
KFRC	0.18	-0.2	-0.09	-0.2	0.18	-0.05		0.05	0.53	-0.11	KFRC
HSON	-0.21	-0.12	0.03	-0.29	0.23	-0.2	0.05		0.19	0.15	HSON
MAN	-0.59	-0.35	0.51	-0.28	0.71	-0.57	0.53	0.19		0.58	MAN
RANJY	-0.53	-0.36	0.43	-0.01	0.74	-0.74	-0.11	0.15	0.58		RANJY
	STAF	RCRT	CWLPF	TREP	KELYA	MHH	KFRC	HSON	MAN	RANJY

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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

RANJY	+ 0.74	KELYA
MAN	+ 0.71	KELYA
MHH	+ 0.64	RCRT
RANJY	+ 0.58	MAN
MHH	+ 0.54	STAF
MAN	+ 0.53	KFRC

High negative correlations

MHH	- 0.89	KELYA
RANJY	- 0.74	MHH
CWLPF	- 0.62	STAF
MAN	- 0.59	STAF
MAN	- 0.57	MHH
KELYA	- 0.56	STAF

Risk-Adjusted Indicators

There is a big difference between Professional Stock performing well and Professional Diversity 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 Professional Diversity'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
STAF	6.67	0.37	0.05	0.65	5.84	(9.27)	11.43	(9.01)	84.50
RCRT	4.55	0.51	0.10	0.57	4.55	(5.64)	11.56	(8.57)	29.55
CWLPF	1.76	0.32	0.04	1.15	1.82	(7.62)	7.79	(3.90)	29.40
TREP	9.16	0.77	0.04	2.09	10.93	(15.95)	27.27	(24.00)	81.86
KELYA	1.75	(0.69)	0.00	(0.29)	0.00	0.00	2.89	(4.04)	27.28
MHH	3.53	0.62	0.19	0.50	3.17	(4.20)	9.38	(4.96)	26.20
KFRC	1.31	(0.28)	0.00	(0.13)	0.00	0.00	2.48	(3.03)	9.02
HSON	1.81	(0.26)	0.00	2.02	0.00	0.00	4.12	(4.27)	16.19
MAN	1.42	(0.36)	0.00	(0.15)	0.00	0.00	2.76	(2.84)	12.95
RANJY	1.40	(0.07)	0.00	0.25	0.00	0.00	2.48	(3.20)	13.44

Professional Diversity Corporate Management

Jin Chou	S Staff	Profile
Michael Polyviou	Investor Relations	Profile
Gary Abbott	Investor Professional	Profile
Xin He	Chief Officer	Profile
Larry Aichler	Chief Officer	Profile
Megan Bozzuto	Chief Officer	Profile

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