REV Correlations

Stocks . Germany . 
Stock . REV Group
1RG Stock  EUR 54.00  1.50  2.70%   
The current 90-days correlation between REV Group and Meli Hotels International is 0.12 (i.e., Average diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

REV Correlation With Market

Very poor diversification

The correlation between REV Group and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding REV Group and DJI in the same portfolio, assuming nothing else is changed.
  
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

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  0.8WWR Woolworths GroupPairCorr
  0.73GZF Engie SAPairCorr
  0.856HS Horseshoe MetalsPairCorr
  0.725P8 Blue Foundry Bancorp Earnings Call TomorrowPairCorr
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  0.78CU3 Cohu IncPairCorr
  0.72GJ9 SLC Agricola SA SplitPairCorr
  0.78GCB PTT Global ChemicalPairCorr
  0.622MF MOBILE FACTORY INCPairCorr
  0.74JUN3 Jungheinrich AG ONVZOPairCorr
  0.88943 FREY EO 250PairCorr
  0.95UEO Westlake ChemicalPairCorr
  0.84XSI Sanyo Chemical IndustriesPairCorr
  0.9PKE Park Aerospace CorpPairCorr
  0.79TUI1 TUI AG Earnings Call This WeekPairCorr
  0.63UUEC United UtilitiesPairCorr
  0.692X0 CortevaPairCorr
  0.74IHF Safestore Holdings plcPairCorr
  0.85SSU Samsung ElectronicsPairCorr
  0.83H3M Hochschild Mining plcPairCorr
  0.84FJZB ZIJIN MINH UNSPADR20PairCorr

Moving against REV Stock

  0.7SOBA ATT IncPairCorr
  0.69BDD CONICO LTD SplitPairCorr
  0.36TTO TTL Beteiligungs undPairCorr
  0.9DBPD Xtrackers ShortDAXPairCorr
  0.82MUM Mensch und MaschinePairCorr

Related Correlations Analysis


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

2WY
+ 0.74
MEL
HMT
+ 0.55
MEL
HMT
+ 0.53
2WY
D2V
+ 0.52
MEL
HMT
+ 0.44
D2V
D2V
+ 0.38
2WY
  

High negative correlations

MRL
- 0.79
RUZ
D2V
- 0.56
YE42
YE42
- 0.45
MEL
MEL
- 0.41
9RT
HMT
- 0.38
YE42
YE42
- 0.35
2WY

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.

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.

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REV Corporate Management

Elected by the shareholders, the REV's board of directors comprises two types of representatives: REV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of REV. The board's role is to monitor REV's management team and ensure that shareholders' interests are well served. REV'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, REV's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sagar MurthySenior OfficerProfile
Rodney RushingCEO PresProfile
Brian PerryPres SegmentProfile
John DreasherSenior CHROProfile
Stephen BoettingerGeneral CounselProfile
Drew KonopVP DevelProfile
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