Recon Technology Correlations

RCON Stock

USD 2.44 0.16 6.15%

The current 90-days correlation between Recon Technology and Comstock Holding Companies is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Recon Technology Correlation With Market

Good diversification

The correlation between Recon Technology and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Recon Technology and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.

Moving together with Recon Stock

0.78	TS	Tenaris SA ADR	Pair Corr
0.72	VTOL	Bristow Group	Pair Corr
0.82	EFXT	Enerflex	Pair Corr
0.62	WFRD	Weatherford International	Pair Corr
0.68	NPKI	NPK International Symbol Change	Pair Corr
0.8	DTI	Drilling Tools Inter	Pair Corr
0.74	FET	Forum Energy Technologies	Pair Corr
0.8	FTI	TechnipFMC PLC	Pair Corr
0.7	FTK	Flotek Industries	Pair Corr
0.69	MRC	MRC Global	Pair Corr
0.79	NGS	Natural Gas Services	Pair Corr
0.76	OII	Oceaneering International	Pair Corr
0.79	OIS	Oil States International	Pair Corr
0.83	SEI	Solaris Energy Infra Symbol Change	Pair Corr
0.77	TDW	Tidewater	Pair Corr
0.73	TTI	Tetra Technologies	Pair Corr
0.75	VAL	Valaris	Pair Corr
0.69	WHD	Cactus Inc	Pair Corr
0.72	GEOS	Geospace Technologies	Pair Corr
0.71	PUMP	ProPetro Holding Corp	Pair Corr

Moving against Recon Stock

0.6	FLOC	Flowco Holdings	Pair Corr
0.44	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	BNL	ALVO	CHCI	FDUS	TME	ADI	ALNT
BNL		0.11	0.34	0.64	0.57	0.39	0.27	BNL
ALVO	0.11		-0.2	0.6	0.6	0.56	0.61	ALVO
CHCI	0.34	-0.2		0.03	-0.05	0.23	0.15	CHCI
FDUS	0.64	0.6	0.03		0.93	0.77	0.72	FDUS
TME	0.57	0.6	-0.05	0.93		0.82	0.79	TME
ADI	0.39	0.56	0.23	0.77	0.82		0.96	ADI
ALNT	0.27	0.61	0.15	0.72	0.79	0.96		ALNT
	BNL	ALVO	CHCI	FDUS	TME	ADI	ALNT

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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

ALNT	+ 0.96	ADI
TME	+ 0.93	FDUS
ADI	+ 0.82	TME
ALNT	+ 0.79	TME
ADI	+ 0.77	FDUS
ALNT	+ 0.72	FDUS

High negative correlations

CHCI	- 0.2	ALVO
TME	- 0.05	CHCI

Risk-Adjusted Indicators

There is a big difference between Recon Stock performing well and Recon Technology 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 Recon Technology'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
BNL	1.15	(0.09)	0.00	(0.06)	0.00	0.00	2.12	(2.98)	7.27
ALVO	2.77	(0.12)	(0.04)	(0.01)	2.96	(3.66)	7.20	(5.14)	23.55
CHCI	3.55	0.36	0.09	0.51	3.54	(4.10)	9.53	(5.00)	24.59
FDUS	1.10	0.32	0.13	(1.67)	1.19	(1.24)	2.26	(1.97)	12.78
TME	2.02	0.72	0.29	159.48	1.70	(2.59)	5.20	(3.60)	19.37
ADI	2.02	0.17	0.08	0.19	2.88	(2.23)	4.10	(4.63)	27.68
ALNT	2.35	0.81	0.34	0.91	1.73	(2.78)	5.03	(3.08)	24.56

Recon Technology Corporate Executives

Elected by the shareholders, the Recon Technology's board of directors comprises two types of representatives: Recon Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Recon. The board's role is to monitor Recon Technology's management team and ensure that shareholders' interests are well served. Recon Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Recon Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jia Liu

CFO and Secretary

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