RCM Technologies Correlations

RCMT Stock

USD 25.42 0.16 0.63%

The current 90-days correlation between RCM Technologies and Mammoth Energy Services is -0.23 (i.e., Very good diversification). The correlation of RCM Technologies 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

RCM Technologies Correlation With Market

Modest diversification

The correlation between RCM Technologies and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCM Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RCM Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RCM Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy RCM Stock please use our How to Invest in RCM Technologies guide.

Moving together with RCM Stock

0.63	DRVN	Driven Brands Holdings	Pair Corr
0.69	DXST	Decent Holding Ordinary	Pair Corr
0.61	DLX	Deluxe	Pair Corr
0.62	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr
0.95	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.97	KAR	KAR Auction Services	Pair Corr
0.94	STN	Stantec	Pair Corr
0.9	HDSN	Hudson Technologies	Pair Corr
0.67	ZONE	CleanCore Solutions	Pair Corr
0.68	LNZA	LanzaTech Global	Pair Corr
0.78	MLKN	MillerKnoll	Pair Corr
0.8	TIXT	TELUS International	Pair Corr
0.95	TTEK	Tetra Tech	Pair Corr
0.76	CMPR	Cimpress NV	Pair Corr
0.71	CTAS	Cintas Earnings Call This Week	Pair Corr
0.9	J	Jacobs Solutions	Pair Corr
0.88	R	Ryder System Earnings Call This Week	Pair Corr
0.63	DIST	Distoken Acquisition	Pair Corr
0.94	AL	Air Lease	Pair Corr
0.82	AP	Ampco Pittsburgh	Pair Corr
0.86	AZ	A2Z Smart Technologies	Pair Corr
0.93	BA	Boeing	Pair Corr
0.8	BE	Bloom Energy Corp	Pair Corr
0.81	BV	BrightView Holdings	Pair Corr
0.86	BW	Babcock Wilcox Enter	Pair Corr
0.91	BZ	Kanzhun Ltd ADR	Pair Corr
0.88	CP	Canadian Pacific Railway	Pair Corr
0.92	CR	Crane Company	Pair Corr

Moving against RCM Stock

0.81	VIRC	Virco Manufacturing	Pair Corr
0.75	CDTG	CDT Environmental	Pair Corr
0.72	NL	NL Industries	Pair Corr
0.44	DSS	DSS Inc	Pair Corr
0.38	KBR	KBR Inc Earnings Call This Week	Pair Corr
0.8	MG	Mistras Group	Pair Corr
0.64	PC	Premium Catering	Pair Corr
0.39	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	MATW	TUSK	GFF	SPLP	CODI	CODI-PA	BBU	TRC	FIP
MATW		0.34	0.77	-0.78	-0.65	-0.26	0.75	0.53	0.74	MATW
TUSK	0.34		0.01	-0.3	-0.29	0.02	0.36	0.0	0.54	TUSK
GFF	0.77	0.01		-0.67	-0.45	-0.14	0.56	0.67	0.48	GFF
SPLP	-0.78	-0.3	-0.67		0.42	0.05	-0.5	-0.6	-0.47	SPLP
CODI	-0.65	-0.29	-0.45	0.42		0.83	-0.91	-0.05	-0.86	CODI
CODI-PA	-0.26	0.02	-0.14	0.05	0.83		-0.69	0.31	-0.56	CODI-PA
BBU	0.75	0.36	0.56	-0.5	-0.91	-0.69		0.18	0.9	BBU
TRC	0.53	0.0	0.67	-0.6	-0.05	0.31	0.18		0.2	TRC
FIP	0.74	0.54	0.48	-0.47	-0.86	-0.56	0.9	0.2		FIP
	MATW	TUSK	GFF	SPLP	CODI	CODI-PA	BBU	TRC	FIP

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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

FIP	+ 0.9	BBU
CODI-PA	+ 0.83	CODI
GFF	+ 0.77	MATW
BBU	+ 0.75	MATW
FIP	+ 0.74	MATW
TRC	+ 0.67	GFF

High negative correlations

BBU	- 0.91	CODI
FIP	- 0.86	CODI
SPLP	- 0.78	MATW
BBU	- 0.69	CODI-PA
SPLP	- 0.67	GFF
CODI	- 0.65	MATW

Risk-Adjusted Indicators

There is a big difference between RCM Stock performing well and RCM Technologies 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 RCM Technologies' 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
MATW	2.06	0.11	0.06	0.21	2.30	(2.13)	4.15	(4.39)	13.60
TUSK	2.63	0.11	0.03	0.24	2.96	(2.88)	5.06	(5.14)	19.68
GFF	1.53	0.20	0.01	(0.47)	1.86	(1.61)	3.12	(3.31)	10.17
SPLP	1.99	(0.12)	0.00	(0.23)	0.00	0.00	5.70	(4.47)	22.69
CODI	3.55	(1.05)	0.00	(1.01)	0.00	0.00	4.59	(7.41)	65.92
CODI-PA	2.67	(0.11)	0.00	(0.24)	0.00	0.00	6.39	(6.48)	32.44
BBU	1.60	0.21	0.12	0.30	1.60	(1.90)	4.06	(2.48)	12.53
TRC	1.07	0.24	0.04	(0.72)	1.45	(1.11)	2.59	(1.99)	9.45
FIP	2.97	1.24	0.40	(1.86)	1.98	(3.99)	8.72	(4.30)	18.71

RCM Technologies Corporate Management

Michael Saks	Sr. VP and General Manager of Health Care Services Division	Profile
Christine Ciocca	Executive Defense	Profile
Peter Grossman	Senior Division	Profile
Christopher Giunta	Sr VP	Profile
William Gargano	Group Services	Profile

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