FORR vs TNET: Correlation
Forrester Research, Inc. (FORR) and TriNet Group, Inc. (TNET) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FORR and TNET?
Over the past 3 years, FORR and TNET moved with a correlation of 0.49, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.49 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 990.3 %².
Among the 13 assets we track against FORR, TNET ranks #5 by 3-year correlation. The last year tells two different stories: FORR led by 25.7 percentage points, +25.7% for FORR against +0.0% for TNET.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FORR vs TNET: side by side
| FORR (Forrester Research, Inc.) | TNET (TriNet Group, Inc.) | |
|---|---|---|
| 1-year return | +25.7% | +0.0% |
| 5-year return | -74.7% | -20.5% |
| Volatility (ann.) | 50.1% | 40.1% |
| Beta vs S&P 500 | 0.82 | 0.77 |
| Max drawdown (3Y) | -83.9% | -74.0% |
| Market cap | $0.2B | $3.2B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FORR | TNET |
|---|---|---|
| 2022 | -39.1% | -28.8% |
| 2023 | -25.0% | +75.4% |
| 2024 | -41.6% | -23.1% |
| 2025 | -48.2% | -33.9% |
| 2026 | +50.4% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FORR and TNET good diversifiers for each other?
Reasonably. At 0.49, FORR and TNET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FORR and TNET?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.62 over the last year and 0.48 over 5 years.
Is TNET a good diversifier for FORR?
Reasonably. At 0.49, FORR and TNET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/forr-vs-tnet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/forr-vs-tnet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FORR correlations · TNET correlations
