ManpowerGroup Correlations

MAN Stock

USD 30.41 1.45 5.01%

The current 90-days correlation between ManpowerGroup and Heidrick Struggles International is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ManpowerGroup Correlation With Market

Poor diversification

The correlation between ManpowerGroup and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ManpowerGroup and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ManpowerGroup Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.

Moving together with ManpowerGroup Stock

0.84	KFY	Korn Ferry	Pair Corr
0.67	ASGN	ASGN Inc	Pair Corr
0.66	KNTK	Kinetik Holdings	Pair Corr
0.65	GLASF	Glass House Brands	Pair Corr
0.62	LUNR	Intuitive Machines Upward Rally	Pair Corr
0.61	LINC	Lincoln Educational	Pair Corr
0.64	SAIC	Science Applications	Pair Corr
0.7	URI	United Rentals	Pair Corr

Moving against ManpowerGroup Stock

0.43	BRK-A	Berkshire Hathaway	Pair Corr
0.48	IMBBY	Imperial Brands PLC	Pair Corr
0.41	QYOUF	QYOU Media	Pair Corr

Related Correlations Analysis

	HSII	CTOS	NSP	NSSC	DCO	WLDN	BBSI	CODI	NMM	ICFI
HSII		0.32	0.28	-0.33	0.39	0.68	-0.2	-0.38	0.63	0.47	HSII
CTOS	0.32		0.58	0.02	0.54	0.51	0.36	0.33	0.25	0.62	CTOS
NSP	0.28	0.58		0.06	0.8	0.68	0.78	-0.02	0.16	0.86	NSP
NSSC	-0.33	0.02	0.06		-0.3	-0.41	0.36	-0.01	-0.72	-0.02	NSSC
DCO	0.39	0.54	0.8	-0.3		0.9	0.41	-0.18	0.56	0.89	DCO
WLDN	0.68	0.51	0.68	-0.41	0.9		0.21	-0.28	0.73	0.84	WLDN
BBSI	-0.2	0.36	0.78	0.36	0.41	0.21		0.23	-0.32	0.5	BBSI
CODI	-0.38	0.33	-0.02	-0.01	-0.18	-0.28	0.23		-0.16	-0.19	CODI
NMM	0.63	0.25	0.16	-0.72	0.56	0.73	-0.32	-0.16		0.39	NMM
ICFI	0.47	0.62	0.86	-0.02	0.89	0.84	0.5	-0.19	0.39		ICFI
	HSII	CTOS	NSP	NSSC	DCO	WLDN	BBSI	CODI	NMM	ICFI

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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

WLDN	+ 0.9	DCO
ICFI	+ 0.89	DCO
ICFI	+ 0.86	NSP
ICFI	+ 0.84	WLDN
DCO	+ 0.8	NSP
BBSI	+ 0.78	NSP

High negative correlations

NMM	- 0.72	NSSC
WLDN	- 0.41	NSSC
CODI	- 0.38	HSII
NSSC	- 0.33	HSII
NMM	- 0.32	BBSI
DCO	- 0.3	NSSC

Risk-Adjusted Indicators

There is a big difference between ManpowerGroup Stock performing well and ManpowerGroup 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 ManpowerGroup'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
HSII	0.80	0.30	0.22	(0.49)	0.30	(0.86)	0.90	(1.41)	19.72
CTOS	2.03	(0.13)	(0.02)	0.00	2.61	(2.50)	5.24	(3.69)	15.80
NSP	2.35	(0.24)	0.00	(0.05)	0.00	0.00	4.91	(5.53)	20.54
NSSC	1.76	(0.29)	0.00	(0.10)	0.00	0.00	3.98	(4.00)	14.26
DCO	1.53	0.08	0.05	0.12	2.01	(1.62)	3.51	(2.90)	12.32
WLDN	2.42	0.39	0.15	0.31	2.60	(2.92)	5.21	(4.25)	13.12
BBSI	1.39	(0.25)	0.00	(0.15)	0.00	0.00	2.11	(2.57)	15.33
CODI	4.16	(0.22)	0.00	(0.08)	0.00	0.00	7.26	(6.86)	35.68
NMM	1.23	0.37	0.24	15.26	1.00	(1.45)	2.94	(1.98)	7.51
ICFI	1.59	(0.02)	(0.01)	0.04	1.82	(1.80)	4.00	(2.89)	7.83

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