TFI International Correlations

TFII Stock

USD 109.44 1.22 1.10%

The current 90-days correlation between TFI International and Saia Inc is 0.74 (i.e., Poor diversification). The correlation of TFI International 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.

TFI International Correlation With Market

Very weak diversification

The correlation between TFI International and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TFI International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TFI Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TFI International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in TFI Stock please use our How to Invest in TFI International guide.

Moving together with TFI Stock

0.91	KNX	Knight Transportation	Pair Corr
0.73	JBHT	JB Hunt Transport	Pair Corr
0.94	MRTN	Marten Transport	Pair Corr
0.66	PUTKY	United Tractors Tbk	Pair Corr
0.71	FTV	Fortive Corp	Pair Corr
0.78	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.63	RKLB	Rocket Lab USA Aggressive Push	Pair Corr
0.78	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.71	BAC	Bank of America	Pair Corr
0.68	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against TFI Stock

0.52	PIFMY	Indofood Sukses Makmur	Pair Corr
0.38	PTAIF	PT Astra International	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SAIA	KNX	TTC	SSD	AGCO	ESAB	PRIM	FSS	IESC	R
SAIA		0.85	0.58	0.11	0.27	0.24	0.17	-0.03	0.64	0.84	SAIA
KNX	0.85		0.46	-0.05	0.07	0.0	-0.18	-0.27	0.59	0.66	KNX
TTC	0.58	0.46		0.22	0.27	0.42	0.33	0.28	0.08	0.62	TTC
SSD	0.11	-0.05	0.22		0.54	0.76	0.73	0.82	0.23	-0.1	SSD
AGCO	0.27	0.07	0.27	0.54		0.62	0.43	0.52	0.35	0.2	AGCO
ESAB	0.24	0.0	0.42	0.76	0.62		0.73	0.8	0.06	0.14	ESAB
PRIM	0.17	-0.18	0.33	0.73	0.43	0.73		0.82	0.23	0.13	PRIM
FSS	-0.03	-0.27	0.28	0.82	0.52	0.8	0.82		-0.02	-0.08	FSS
IESC	0.64	0.59	0.08	0.23	0.35	0.06	0.23	-0.02		0.41	IESC
R	0.84	0.66	0.62	-0.1	0.2	0.14	0.13	-0.08	0.41		R
	SAIA	KNX	TTC	SSD	AGCO	ESAB	PRIM	FSS	IESC	R

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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

KNX	+ 0.85	SAIA
R	+ 0.84	SAIA
FSS	+ 0.82	SSD
FSS	+ 0.82	PRIM
FSS	+ 0.8	ESAB
ESAB	+ 0.76	SSD

High negative correlations

FSS	- 0.27	KNX
PRIM	- 0.18	KNX
R	- 0.1	SSD
R	- 0.08	FSS
SSD	- 0.05	KNX
FSS	- 0.03	SAIA

Risk-Adjusted Indicators

There is a big difference between TFI Stock performing well and TFI International 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 TFI International'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
SAIA	2.08	0.17	0.09	0.17	2.30	(2.14)	5.50	(3.46)	12.21
KNX	1.94	0.44	0.21	0.46	1.85	(2.52)	4.48	(2.96)	14.34
TTC	1.17	0.07	0.05	0.15	1.10	(1.52)	2.36	(2.08)	13.49
SSD	1.28	(0.06)	(0.03)	0.02	1.48	(1.40)	2.31	(2.14)	9.75
AGCO	1.24	(0.05)	(0.03)	0.03	1.63	(1.36)	2.81	(2.38)	10.84
ESAB	1.39	(0.04)	(0.01)	0.04	1.83	(1.45)	3.77	(2.62)	10.19
PRIM	2.17	(0.19)	0.00	(0.03)	0.00	0.00	4.59	(4.75)	15.24
FSS	1.25	(0.13)	0.00	(0.04)	0.00	0.00	2.38	(2.31)	13.86
IESC	2.85	(0.04)	0.03	0.06	4.00	(2.97)	5.82	(7.94)	25.84
R	1.46	(0.09)	(0.02)	0.00	3.31	(1.16)	3.54	(4.23)	14.25

TFI International Corporate Management

Lucien Bouchard	Independent Director	Profile
Joey Saputo	Independent Director	Profile
Bill Preece	Vice President Environment	Profile
Daniel Auger	Vice President - Information Technology	Profile

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