REV Correlations
| 1RG Stock | EUR 54.00 0.00 0.00% |
The current 90-days correlation between REV Group and PT Bank Mandiri is 0.04 (i.e., Significant 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
Poor diversification
The correlation between REV Group and DJI is 0.67 (i.e., 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.
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
| 0.78 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.77 | OKI | Oki Electric Industry | PairCorr |
| 0.83 | XEB | Sojitz | PairCorr |
| 0.85 | I43 | Jacquet Metal Service Earnings Call This Week | PairCorr |
| 0.78 | 665 | RELO GROUP INC | PairCorr |
| 0.61 | MKQ | Mitek Systems | PairCorr |
| 0.83 | 43C | CACTUS INC CLA | PairCorr |
| 0.8 | 719 | 24SEVENOFFICE GROUP | PairCorr |
| 0.81 | G2O | Golar LNG Limited | PairCorr |
| 0.8 | MMX | Martin Marietta Materials | PairCorr |
| 0.84 | EEW | SBI Insurance Group | PairCorr |
| 0.86 | RHO6 | Roche Holding | PairCorr |
| 0.89 | 2OY | Dow Inc | PairCorr |
| 0.65 | SUY | SAINSBURY J ADR4 | PairCorr |
| 0.84 | KTF | Mondelez International | PairCorr |
| 0.78 | 169 | Aeroporto Guglielmo | PairCorr |
| 0.82 | PCU | Southern Copper Split | PairCorr |
| 0.83 | TKA | thyssenkrupp AG | PairCorr |
| 0.84 | TEKB | Teck Resources | PairCorr |
| 0.82 | SOU | Singapore Exchange | PairCorr |
| 0.77 | KPN | Koninklijke KPN NV | PairCorr |
| 0.9 | SHG | Sun Hung Kai | PairCorr |
| 0.74 | LYIC | Lynas Rare Earths | PairCorr |
Moving against REV Stock
| 0.49 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.48 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.48 | MTO | Mettler-Toledo International | PairCorr |
| 0.52 | DBPD | Xtrackers ShortDAX | PairCorr |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYRA | 3.85 | 0.19 | 0.03 | 0.22 | 4.23 | 11.11 | 26.67 | |||
| BYRA | 1.53 | 0.21 | 0.03 | (1.87) | 1.85 | 5.56 | 17.03 | |||
| BYRA | 1.30 | (0.21) | 0.00 | (0.20) | 0.00 | 5.00 | 35.71 | |||
| BYRA | 0.69 | (0.06) | 0.00 | 0.23 | 0.00 | 0.00 | 12.13 | |||
| BZG2 | 3.00 | (0.07) | 0.00 | (0.19) | 0.00 | 8.33 | 22.82 | |||
| BZG2 | 0.45 | (0.04) | 0.00 | 2.53 | 0.00 | 2.56 | 5.26 | |||
| BZG2 | 0.90 | (0.26) | 0.00 | (1.30) | 0.00 | 2.27 | 13.16 | |||
| PQ9 | 0.98 | 0.14 | 0.00 | 0.44 | 0.00 | 4.17 | 24.58 | |||
| PQ9 | 0.28 | (0.02) | 0.00 | (0.01) | 0.00 | 0.00 | 8.89 | |||
| PQ9 | 5.93 | 0.26 | 0.03 | 0.11 | 6.74 | 18.18 | 40.26 |
REV Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with REV stock to make a market-neutral strategy. Peer analysis of REV could also be used in its relative valuation, which is a method of valuing REV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 Murthy | Senior Officer | Profile | |
| Rodney Rushing | CEO Pres | Profile | |
| Brian Perry | Pres Segment | Profile | |
| John Dreasher | Senior CHRO | Profile | |
| Stephen Boettinger | General Counsel | Profile | |
| Drew Konop | VP Devel | Profile |