Which stocks are most correlated with TRI?

Based on one year of daily returns, the stocks most correlated with Thomson Reuters Corporation Common Shares (TRI) are PAYX (0.70), IT (0.69) and ADP (0.67). 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 TRI?

Over the past year, the stocks most inversely correlated with Thomson Reuters Corporation Common Shares (TRI) are HDGE (-0.51), DWSH (-0.47) and LSEQ (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Thomson Reuters Corporation Common Shares (TRI) — Stock Correlations & Overview

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

Stocks correlated with TRI

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

Most correlated with TRI

Symbol	Company	Correlation
PAYX	Paychex IncSERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT	0.70
IT	Gartner, Inc.SERVICES-MANAGEMENT SERVICES	0.69
ADP	Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.67
FDS	Factset Research SystemsSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	0.66
EXLS	ExlService Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC	0.65

Most inversely correlated with TRI

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.51
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.47
LSEQ	Harbor Long-Short Equity ETF	-0.40
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.37
VOLT	Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES	-0.36

Frequently asked questions about TRI correlations

Which stocks are most correlated with TRI?: Based on one year of daily returns, the stocks most correlated with Thomson Reuters Corporation Common Shares (TRI) are PAYX (0.70), IT (0.69) and ADP (0.67). 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 TRI?: Over the past year, the stocks most inversely correlated with Thomson Reuters Corporation Common Shares (TRI) are HDGE (-0.51), DWSH (-0.47) and LSEQ (-0.40). 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 TRI correlations calculated?: We compute the correlation of daily returns between TRI 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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