Which stocks are most correlated with TNET?

Based on one year of daily returns, the stocks most correlated with TRINET GROUP, INC. (TNET) are NSP (0.73), KFY (0.66) and ADP (0.66). 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 TNET?

Over the past year, the stocks most inversely correlated with TRINET GROUP, INC. (TNET) are HDGE (-0.56), DWSH (-0.50) and SEF (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

TRINET GROUP, INC. (TNET) — Stock Correlations & Overview

Over the past year, TNET has moved most closely with NSP, KFY, ADP. Explore the stocks most correlated and inversely correlated with TNET below, along with its price, financials, and company profile.

Stocks correlated with TNET

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

Most correlated with TNET

Symbol	Company	Correlation
NSP	Insperity, IncSERVICES-HELP SUPPLY SERVICES	0.73
KFY	Korn FerrySERVICES-EMPLOYMENT AGENCIES	0.66
ADP	Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.66
PAYX	Paychex IncSERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT	0.64
MAN	ManpowerGroupSERVICES-HELP SUPPLY SERVICES	0.62

Most inversely correlated with TNET

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.56
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.50
SEF	ProShares Short Financials	-0.42
FAZ	Direxion Daily Financial Bear 3x ETF	-0.42
SKF	ProShares UltraShort Financials	-0.42

Frequently asked questions about TNET correlations

Which stocks are most correlated with TNET?: Based on one year of daily returns, the stocks most correlated with TRINET GROUP, INC. (TNET) are NSP (0.73), KFY (0.66) and ADP (0.66). 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 TNET?: Over the past year, the stocks most inversely correlated with TRINET GROUP, INC. (TNET) are HDGE (-0.56), DWSH (-0.50) and SEF (-0.42). 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 TNET correlations calculated?: We compute the correlation of daily returns between TNET 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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