Resources Connection Correlations

RGP Stock

USD 6.63 0.02 0.30%

The current 90-days correlation between Resources Connection and CRA International is 0.01 (i.e., Significant diversification). The correlation of Resources Connection 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.

Resources Connection Correlation With Market

Very weak diversification

The correlation between Resources Connection and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resources Connection and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Resources Stock, please use our How to Invest in Resources Connection guide.

Moving together with Resources Stock

0.91	BV	BrightView Holdings	Pair Corr
0.84	FA	First Advantage Corp	Pair Corr
0.82	FC	Franklin Covey	Pair Corr
0.95	DLHC	DLH Holdings Corp	Pair Corr
0.82	VCIG	VCI Global Limited	Pair Corr
0.74	VLTO	Veralto	Pair Corr
0.83	WFCF	Where Food Comes	Pair Corr
0.9	EXPO	Exponent	Pair Corr
0.62	ABM	ABM Industries	Pair Corr
0.84	AWX	Avalon Holdings	Pair Corr
0.95	AXR	AMREP	Pair Corr
0.76	BCO	Brinks Company	Pair Corr
0.73	BRC	Brady	Pair Corr
0.61	BTM	Bitcoin Depot	Pair Corr
0.76	CBZ	CBIZ Inc	Pair Corr
0.83	CIX	CompX International	Pair Corr
0.96	FORR	Forrester Research	Pair Corr
0.93	CLH	Clean Harbors	Pair Corr
0.81	FOUR	Shift4 Payments	Pair Corr
0.92	DLX	Deluxe	Pair Corr
0.92	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against Resources Stock

0.85	VSEC	VSE Corporation	Pair Corr
0.8	ACU	Acme United	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.77	ESGL	ESGL Holdings Limited	Pair Corr
0.67	LZ	LegalZoom	Pair Corr
0.66	VRSK	Verisk Analytics	Pair Corr
0.6	KC	Kingsoft Cloud Holdings	Pair Corr
0.6	MG	Mistras Group	Pair Corr
0.6	DRVN	Driven Brands Holdings	Pair Corr
0.53	G	Genpact Limited Sell-off Trend	Pair Corr
0.5	EEFT	Euronet Worldwide	Pair Corr
0.35	ADP	Automatic Data Processing	Pair Corr
0.78	GFL	Gfl Environmental	Pair Corr
0.54	III	Information Services Tech Boost	Pair Corr
0.47	GDS	GDS Holdings	Pair Corr

Related Correlations Analysis

	CRAI	HURN	FORR	EXPO	ICFI	FC	FCN
CRAI		-0.32	0.28	0.28	0.22	0.46	0.14	CRAI
HURN	-0.32		-0.87	-0.78	-0.85	-0.76	-0.82	HURN
FORR	0.28	-0.87		0.93	0.94	0.88	0.94	FORR
EXPO	0.28	-0.78	0.93		0.93	0.81	0.93	EXPO
ICFI	0.22	-0.85	0.94	0.93		0.75	0.9	ICFI
FC	0.46	-0.76	0.88	0.81	0.75		0.81	FC
FCN	0.14	-0.82	0.94	0.93	0.9	0.81		FCN
	CRAI	HURN	FORR	EXPO	ICFI	FC	FCN

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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

ICFI	+ 0.94	FORR
FCN	+ 0.94	FORR
EXPO	+ 0.93	FORR
ICFI	+ 0.93	EXPO
FCN	+ 0.93	EXPO
FCN	+ 0.9	ICFI

High negative correlations

FORR	- 0.87	HURN
ICFI	- 0.85	HURN
FCN	- 0.82	HURN
EXPO	- 0.78	HURN
FC	- 0.76	HURN
HURN	- 0.32	CRAI

Risk-Adjusted Indicators

There is a big difference between Resources Stock performing well and Resources Connection 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 Resources Connection'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
CRAI	1.67	(0.04)	0.00	(0.11)	0.00	0.00	2.40	(3.43)	17.71
HURN	1.57	0.34	0.18	0.36	1.75	(1.73)	2.63	(3.38)	23.40
FORR	2.11	(0.69)	0.00	(0.93)	0.00	0.00	3.02	(4.53)	15.73
EXPO	0.97	(0.14)	0.00	(0.29)	0.00	0.00	1.74	(2.07)	6.03
ICFI	1.90	(0.44)	0.00	(1.06)	0.00	0.00	3.96	(3.93)	24.77
FC	1.67	(0.33)	0.00	(0.32)	0.00	0.00	2.59	(3.10)	13.31
FCN	1.11	(0.21)	0.00	(0.47)	0.00	0.00	1.80	(1.91)	17.31

Resources Connection Corporate Management

Jennifer Ryu	CFO VP	Profile
Katy Conway	Chief Officer	Profile
Joni Noel	VP Healthcare	Profile
Michael Allen	Vice Digital	Profile
Keith Golden	Chief Officer	Profile
Bhadreskumar Patel	Chief Officer	Profile

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