Rev Correlations
| REVG Stock | USD 23.25 0.17 0.74% |
The correlation of Rev 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 Rev moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rev Group 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.
Weak diversification
The correlation between Rev Group and NYA is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rev Group and NYA in the same portfolio, assuming nothing else is changed.
Rev |
The ability to find closely correlated positions to Rev could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rev 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 Rev - 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 Rev Group to buy it.
Moving together with Rev Stock
| 0.73 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
| 0.62 | OSK | Oshkosh | PairCorr |
| 0.85 | GENC | Gencor Industries Earnings Call This Week | PairCorr |
Moving against Rev Stock
| 0.86 | GP | GreenPower Motor Financial Report 12th of July 2024 | PairCorr |
| 0.75 | TWI | Titan International | PairCorr |
| 0.75 | MNTX | Manitex International Earnings Call This Week | PairCorr |
| 0.69 | ZEVYW | Lightning eMotors | PairCorr |
| 0.67 | LEV | Lion Electric Corp Earnings Call This Week | PairCorr |
| 0.67 | MTW | Manitowoc Earnings Call This Week | PairCorr |
| 0.6 | LNN | Lindsay Financial Report 4th of July 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Rev Stock performing well and Rev Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rev's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDEX | 4.58 | 0.33 | 0.04 | 2.32 | 6.17 | 9.68 | 87.18 | |||
| HIPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TWI | 1.76 | (0.67) | 0.00 | (0.38) | 0.00 | 1.99 | 14.33 | |||
| DE | 0.93 | (0.03) | (0.02) | 0.04 | 1.42 | 2.18 | 7.35 | |||
| CAT | 1.19 | 0.08 | 0.05 | 0.12 | 1.87 | 2.41 | 10.03 | |||
| HYFM | 3.26 | (0.07) | 0.00 | (0.02) | 0.00 | 8.89 | 25.11 | |||
| UGRO | 6.37 | 0.69 | 0.07 | (0.62) | 7.42 | 13.46 | 40.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rev 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?
Run Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Rev Corporate Directors
Rev corporate directors refer to members of a Rev board of directors. The board of directors generally takes responsibility for the Rev'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 Rev's board members must vote for the resolution. The Rev board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Randall Swift | Independent Director | Profile | |
| Joel Rotroff | Independent Director | Profile | |
| JeanMarie Canan | Lead Independent Director | Profile | |
| Charles Dutil | Independent Director | Profile |
Already Invested in Rev Group?
The danger of trading Rev Group 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 Rev 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 Rev. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rev Group 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 Rev Group is a strong investment it is important to analyze Rev'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 Rev's future performance. For an informed investment choice regarding Rev Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rev Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Rev Stock analysis
When running Rev's price analysis, check to measure Rev'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 Rev is operating at the current time. Most of Rev's value examination focuses on studying past and present price action to predict the probability of Rev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rev's price. Additionally, you may evaluate how the addition of Rev to your portfolios can decrease your overall portfolio volatility.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Rev'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 Rev. If investors know Rev 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 Rev 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 2.376 | Dividend Share 0.2 | Earnings Share 4.06 | Revenue Per Share 44.892 | Quarterly Revenue Growth 0.004 |
The market value of Rev Group is measured differently than its book value, which is the value of Rev that is recorded on the company's balance sheet. Investors also form their own opinion of Rev's value that differs from its market value or its book value, called intrinsic value, which is Rev'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 Rev's market value can be influenced by many factors that don't directly affect Rev'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 Rev's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rev is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rev'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.