Randstad Correlations

RAND Stock

EUR 27.46 0.13 0.48%

The current 90-days correlation between Randstad NV and Inpost SA is 0.03 (i.e., Significant diversification). The correlation of Randstad 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.

Randstad Correlation With Market

Pay attention - limited upside

The correlation between Randstad NV and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Randstad NV and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Randstad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Randstad 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 Randstad - 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 Randstad NV to buy it.

Moving together with Randstad Stock

0.75	PRX	Prosus NV	Pair Corr
0.82	DSFIR	DSM Firmenich AG	Pair Corr

Moving against Randstad Stock

0.87	ASM	ASM International	Pair Corr
0.85	ASML	ASML Holding NV	Pair Corr
0.84	MT	ArcelorMittal SA	Pair Corr
0.8	FERGR	Ferrari Group PLC	Pair Corr
0.74	INGA	ING Groep NV	Pair Corr
0.73	UNA	Unilever PLC Split	Pair Corr
0.67	ASRNL	ASR Nederland NV Earnings Call This Week	Pair Corr
0.44	KPN	Koninklijke KPN NV	Pair Corr
0.43	HEIO	Heineken Holding	Pair Corr
0.36	PSH	Pershing Square Holdings	Pair Corr
0.89	SGLD	Invesco Physical Gold	Pair Corr
0.89	GOLD	Amundi Physical Gold	Pair Corr
0.88	SBMO	SBM Offshore NV	Pair Corr
0.85	BESI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.83	HAL	HAL Trust	Pair Corr
0.82	PBH	Stern Groep NV	Pair Corr
0.8	FFARM	ForFarmers NV Earnings Call This Week	Pair Corr
0.78	HEIJM	Koninklijke Heijmans	Pair Corr
0.75	NN	NN Group NV	Pair Corr
0.74	SIFG	Sif Holding NV	Pair Corr
0.74	APAM	Aperam SA	Pair Corr
0.73	FUR	Fugro NV	Pair Corr
0.69	GLPG	Galapagos NV Earnings Call This Week	Pair Corr
0.66	SLIGR	Sligro Food Group	Pair Corr
0.55	BAMNB	Koninklijke BAM Groep Earnings Call This Week	Pair Corr
0.38	ALFEN	Alfen Beheer BV	Pair Corr
0.35	TRIO	Triodos Bank NV	Pair Corr

Related Correlations Analysis

	INPST	ARCAD	BRNL	MORE	AALB	LIGHT	BAMNB	THEON	HEIJM	FERGR
INPST		0.44	-0.64	0.42	0.79	0.27	0.58	0.63	0.82	0.79	INPST
ARCAD	0.44		0.05	0.07	0.53	-0.03	0.13	0.25	0.24	0.52	ARCAD
BRNL	-0.64	0.05		-0.47	-0.68	0.05	-0.5	-0.46	-0.66	-0.7	BRNL
MORE	0.42	0.07	-0.47		0.55	-0.2	0.26	0.33	0.44	0.49	MORE
AALB	0.79	0.53	-0.68	0.55		-0.09	0.52	0.42	0.74	0.91	AALB
LIGHT	0.27	-0.03	0.05	-0.2	-0.09		0.35	0.2	0.34	0.04	LIGHT
BAMNB	0.58	0.13	-0.5	0.26	0.52	0.35		0.41	0.87	0.69	BAMNB
THEON	0.63	0.25	-0.46	0.33	0.42	0.2	0.41		0.58	0.53	THEON
HEIJM	0.82	0.24	-0.66	0.44	0.74	0.34	0.87	0.58		0.82	HEIJM
FERGR	0.79	0.52	-0.7	0.49	0.91	0.04	0.69	0.53	0.82		FERGR
	INPST	ARCAD	BRNL	MORE	AALB	LIGHT	BAMNB	THEON	HEIJM	FERGR

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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

FERGR	+ 0.91	AALB
HEIJM	+ 0.87	BAMNB
HEIJM	+ 0.82	INPST
FERGR	+ 0.82	HEIJM
AALB	+ 0.79	INPST
FERGR	+ 0.79	INPST

High negative correlations

FERGR	- 0.7	BRNL
AALB	- 0.68	BRNL
HEIJM	- 0.66	BRNL
BRNL	- 0.64	INPST
BAMNB	- 0.5	BRNL
MORE	- 0.47	BRNL

Risk-Adjusted Indicators

There is a big difference between Randstad Stock performing well and Randstad 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 Randstad'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
INPST	2.28	0.60	0.27	0.57	1.69	(2.71)	5.49	(3.57)	34.38
ARCAD	1.33	(0.14)	0.00	(0.17)	0.00	0.00	2.23	(3.61)	9.26
BRNL	1.11	(0.25)	0.00	(0.32)	0.00	0.00	2.03	(2.34)	9.68
MORE	0.54	0.06	0.00	(4.82)	0.76	(1.68)	1.32	(1.30)	6.62
AALB	1.39	0.35	0.26	0.53	1.00	(1.69)	3.51	(1.95)	8.92
LIGHT	1.44	(0.02)	(0.01)	0.02	3.51	(1.31)	3.24	(2.17)	20.73
BAMNB	1.44	0.33	0.16	0.61	1.46	(1.64)	3.97	(2.48)	10.07
THEON	2.67	0.16	0.05	0.35	2.70	(3.14)	5.94	(4.72)	13.98
HEIJM	1.80	0.52	0.29	0.88	1.18	(2.22)	4.63	(2.90)	10.46
FERGR	1.49	0.34	0.18	0.49	1.40	(1.72)	4.84	(2.87)	10.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Randstad 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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Randstad Corporate Management

Elected by the shareholders, the Randstad's board of directors comprises two types of representatives: Randstad inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Randstad. The board's role is to monitor Randstad's management team and ensure that shareholders' interests are well served. Randstad'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, Randstad's outside directors are responsible for providing unbiased perspectives on the board's policies.

Karen Fichuk	Member Board	Profile
Miriam Heijden	Chief Officer	Profile
Rob MD	Managing Accounting	Profile
Alexander Noordende	Chairman CEO	Profile
Herman Nijns	UK Europe	Profile
Graig Paglieri	Chief Digital	Profile

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