CH Robinson Correlations
| CHRW Stock | USD 70.22 0.04 0.06% |
The correlation of CH Robinson 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CH Robinson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CH Robinson Worldwide moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between CH Robinson Worldwide and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CH Robinson Worldwide and NYA in the same portfolio, assuming nothing else is changed.
CHRW |
The ability to find closely correlated positions to CH Robinson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CH Robinson 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 CH Robinson - 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 CH Robinson Worldwide to buy it.
Moving together with CHRW Stock
| 0.73 | EXPD | Expeditors International Financial Report 7th of May 2024 | PairCorr |
Moving against CHRW Stock
| 0.49 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.45 | B | Barnes Group Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in CH Robinson 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.Did you try this?
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CH Robinson Corporate Directors
CH Robinson corporate directors refer to members of a CH Robinson board of directors. The board of directors generally takes responsibility for the CH Robinson's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CH Robinson's board members must vote for the resolution. The CH Robinson board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Wayne Fortun | Independent Director | Profile | |
| Paula Tolliver | Director | Profile | |
| Jodeen Kozlak | Independent Director | Profile | |
| ReBecca Roloff | Independent Director | Profile |
Already Invested in CH Robinson Worldwide?
The danger of trading CH Robinson Worldwide is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CH Robinson is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CH Robinson. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CH Robinson Worldwide is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CH Robinson Worldwide is a strong investment it is important to analyze CH Robinson's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CH Robinson's future performance. For an informed investment choice regarding CHRW Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CH Robinson Worldwide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running CH Robinson's price analysis, check to measure CH Robinson's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CH Robinson is operating at the current time. Most of CH Robinson's value examination focuses on studying past and present price action to predict the probability of CH Robinson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CH Robinson's price. Additionally, you may evaluate how the addition of CH Robinson to your portfolios can decrease your overall portfolio volatility.
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Is CH Robinson's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CH Robinson. If investors know CHRW will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CH Robinson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Dividend Share 2.44 | Earnings Share 2.72 | Revenue Per Share 148.429 | Quarterly Revenue Growth (0.17) |
The market value of CH Robinson Worldwide is measured differently than its book value, which is the value of CHRW that is recorded on the company's balance sheet. Investors also form their own opinion of CH Robinson's value that differs from its market value or its book value, called intrinsic value, which is CH Robinson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CH Robinson's market value can be influenced by many factors that don't directly affect CH Robinson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CH Robinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if CH Robinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CH Robinson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.