TFI International Correlations

TFII Stock

USD 134.23 1.16 0.86%

The current 90-days correlation between TFI International and Old Dominion Freight is 0.78 (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

Average diversification

The correlation between TFI International and DJI is 0.11 (i.e., Average 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.

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

0.79	WERN	Werner Enterprises	Pair Corr
0.63	CSX	CSX Corporation Earnings Call This Week	Pair Corr
0.71	KNX	Knight Transportation Earnings Call This Week	Pair Corr
0.61	NSC	Norfolk Southern Earnings Call This Week	Pair Corr
0.84	ULH	Universal Logistics	Pair Corr
0.8	XPO	XPO Logistics	Pair Corr
0.83	HTLD	Heartland Express	Pair Corr
0.83	MRTN	Marten Transport Earnings Call This Week	Pair Corr
0.66	ODFL	Old Dominion Freight Sell-off Trend	Pair Corr
0.62	PAMT	PAMT P Symbol Change	Pair Corr
0.83	SAIA	Saia Inc	Pair Corr
0.74	ARCB	ArcBest Corp	Pair Corr
0.61	SKYW	SkyWest	Pair Corr
0.82	SNDR	Schneider National	Pair Corr

Moving against TFI Stock

0.57	FLYX	flyExclusive,	Pair Corr
0.42	RVSNW	Rail Vision	Pair Corr
0.37	JBLU	JetBlue Airways Corp	Pair Corr
0.54	ULCC	Frontier Group Holdings	Pair Corr
0.37	BEST	BEST Inc	Pair Corr

Related Correlations Analysis

	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG
ODFL		0.94	0.86	0.93	0.71	0.79	0.71	0.83	0.6	0.64	ODFL
ARCB	0.94		0.91	0.93	0.73	0.78	0.69	0.81	0.62	0.6	ARCB
MRTN	0.86	0.91		0.91	0.77	0.81	0.85	0.86	0.72	0.59	MRTN
WERN	0.93	0.93	0.91		0.82	0.83	0.79	0.88	0.75	0.65	WERN
KNX	0.71	0.73	0.77	0.82		0.86	0.8	0.75	0.92	0.28	KNX
SAIA	0.79	0.78	0.81	0.83	0.86		0.84	0.77	0.88	0.5	SAIA
ULH	0.71	0.69	0.85	0.79	0.8	0.84		0.82	0.84	0.59	ULH
HTLD	0.83	0.81	0.86	0.88	0.75	0.77	0.82		0.77	0.64	HTLD
SNDR	0.6	0.62	0.72	0.75	0.92	0.88	0.84	0.77		0.34	SNDR
CVLG	0.64	0.6	0.59	0.65	0.28	0.5	0.59	0.64	0.34		CVLG
	ODFL	ARCB	MRTN	WERN	KNX	SAIA	ULH	HTLD	SNDR	CVLG

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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
ODFL	1.52	(0.09)	0.00	(0.19)	0.00	0.00	2.53	(3.52)	15.02
ARCB	2.05	(0.06)	0.00	(0.11)	0.00	0.00	3.67	(3.99)	22.65
MRTN	1.41	(0.06)	0.00	(0.11)	0.00	0.00	2.86	(2.77)	12.56
WERN	1.40	0.01	0.00	0.04	1.46	(1.62)	3.02	(2.48)	11.69
KNX	1.45	0.11	0.06	0.18	1.63	(1.59)	3.55	(2.71)	11.16
SAIA	2.21	0.11	0.04	0.20	2.28	(2.55)	3.84	(4.04)	18.12
ULH	2.12	(0.01)	0.00	0.01	2.99	(2.28)	3.49	(4.77)	19.87
HTLD	1.23	(0.05)	0.00	(0.29)	0.00	0.00	2.78	(2.32)	11.89
SNDR	1.27	0.10	0.06	0.16	1.54	(1.40)	3.39	(3.00)	8.45
CVLG	2.33	(0.69)	0.00	(0.77)	0.00	0.00	3.91	(3.06)	60.91

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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