Which stocks are most correlated with FORR?

Based on one year of daily returns, the stocks most correlated with Forrester Research Inc (FORR) are SPSC (0.59), PCTY (0.49) and FA (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with FORR?

Over the past year, the stocks most inversely correlated with Forrester Research Inc (FORR) are HDGE (-0.45), DWSH (-0.38) and WEBS (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Forrester Research Inc (FORR) — Stock Correlations & Overview

Over the past year, FORR has moved most closely with SPSC, PCTY, FA. Explore the stocks most correlated and inversely correlated with FORR below, along with its price, financials, and company profile.

Stocks correlated with FORR

Correlation of daily returns. Higher positive values move with FORR; negative values move opposite it. Informational only, not investment advice.

Most correlated with FORR

Symbol	Company	Correlation
SPSC	SPS Commerce, Inc.SERVICES-PREPACKAGED SOFTWARE	0.59
PCTY	Paylocity Holding Corporation Common StockSERVICES-PREPACKAGED SOFTWARE	0.49
FA	First Advantage Corporation Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.47
ADP	Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.47
CTSH	Cognizant Technology SolutionsSERVICES-COMPUTER PROGRAMMING SERVICES	0.45

Most inversely correlated with FORR

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.45
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.38
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.32
SEF	ProShares Short Financials	-0.31
SKF	ProShares UltraShort Financials	-0.30

Frequently asked questions about FORR correlations

Which stocks are most correlated with FORR?: Based on one year of daily returns, the stocks most correlated with Forrester Research Inc (FORR) are SPSC (0.59), PCTY (0.49) and FA (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with FORR?: Over the past year, the stocks most inversely correlated with Forrester Research Inc (FORR) are HDGE (-0.45), DWSH (-0.38) and WEBS (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these FORR correlations calculated?: We compute the correlation of daily returns between FORR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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