RCABS Correlations

AXXA Stock

USD 0.0008 0.0001 14.29%

The current 90-days correlation between RCABS Inc and Alaska Power Telephone is -0.3 (i.e., Very good diversification). The correlation of RCABS 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.

RCABS Correlation With Market

Good diversification

The correlation between RCABS Inc 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 RCABS Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RCABS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RCABS 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 RCABS - 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 RCABS Inc to buy it.

Moving together with RCABS Pink Sheet

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0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.64	BKRKF	PT Bank Rakyat	Pair Corr
0.77	BKRKY	Bank Rakyat	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr

Moving against RCABS Pink Sheet

0.79	ADSK	Autodesk	Pair Corr
0.74	GM	General Motors Aggressive Push	Pair Corr
0.69	CTPCY	Citic Ltd ADR	Pair Corr
0.62	HON	Honeywell International	Pair Corr
0.57	KSCP	Knightscope	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.43	MITSY	Mitsui Company	Pair Corr
0.82	ALAB	Astera Labs, Common	Pair Corr
0.81	LLYVK	Liberty Media	Pair Corr
0.79	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.79	GVA	Granite Construction	Pair Corr
0.78	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.78	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.74	PYPL	PayPal Holdings	Pair Corr
0.73	NVDA	NVIDIA	Pair Corr
0.72	ZM	Zoom Video Communications	Pair Corr
0.69	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.69	ITRI	Itron Inc	Pair Corr
0.65	DECK	Deckers Outdoor	Pair Corr
0.55	DXYZ	Destiny Tech100	Pair Corr
0.51	RCAT	Red Cat Holdings Trending	Pair Corr
0.51	SNOW	Snowflake Trending	Pair Corr
0.43	APLD	Applied Blockchain Trending	Pair Corr

Related Correlations Analysis

	GEGR	MONI	NNBR	TINLY	ARVY	AYYLF	ALGGY	APTL	ACMB	AYALY
GEGR		-0.03	-0.29	-0.09	-0.29	0.0	-0.27	0.33	0.12	0.09	GEGR
MONI	-0.03		0.12	0.36	-0.33	0.0	0.49	-0.23	0.24	0.35	MONI
NNBR	-0.29	0.12		0.12	0.24	0.0	0.15	-0.12	-0.03	0.16	NNBR
TINLY	-0.09	0.36	0.12		-0.12	0.0	0.43	-0.06	-0.1	-0.23	TINLY
ARVY	-0.29	-0.33	0.24	-0.12		0.0	0.0	0.0	-0.23	0.0	ARVY
AYYLF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AYYLF
ALGGY	-0.27	0.49	0.15	0.43	0.0	0.0		-0.56	-0.07	0.07	ALGGY
APTL	0.33	-0.23	-0.12	-0.06	0.0	0.0	-0.56		0.14	-0.32	APTL
ACMB	0.12	0.24	-0.03	-0.1	-0.23	0.0	-0.07	0.14		-0.03	ACMB
AYALY	0.09	0.35	0.16	-0.23	0.0	0.0	0.07	-0.32	-0.03		AYALY
	GEGR	MONI	NNBR	TINLY	ARVY	AYYLF	ALGGY	APTL	ACMB	AYALY

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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

ALGGY	+ 0.49	MONI
ALGGY	+ 0.43	TINLY
TINLY	+ 0.36	MONI
AYALY	+ 0.35	MONI
APTL	+ 0.33	GEGR
ACMB	+ 0.24	MONI

High negative correlations

APTL	- 0.56	ALGGY
ARVY	- 0.33	MONI
AYALY	- 0.32	APTL
ARVY	- 0.29	GEGR
NNBR	- 0.29	GEGR
ALGGY	- 0.27	GEGR

Risk-Adjusted Indicators

There is a big difference between RCABS Pink Sheet performing well and RCABS 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 RCABS'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
GEGR	15.05	2.75	0.12	(5.34)	13.83	(31.92)	38.89	(28.00)	151.52
MONI	8.87	2.13	0.21	(3.63)	8.43	(10.32)	24.73	(13.50)	52.42
NNBR	2.51	(0.13)	0.01	0.06	4.31	(2.67)	5.59	(4.86)	26.86
TINLY	1.36	(0.02)	0.00	0.18	0.00	0.00	4.09	(4.34)	19.33
ARVY	0.75	(0.08)	0.00	(0.40)	0.00	0.00	0.00	0.00	28.88
AYYLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALGGY	0.26	(0.06)	0.00	(0.15)	0.00	0.00	0.00	0.00	9.96
APTL	0.18	0.01	0.00	0.19	0.00	0.00	0.73	(0.73)	2.53
ACMB	10.33	1.28	0.07	0.42	11.46	(35.83)	34.67	(30.22)	132.05
AYALY	2.16	0.54	0.00	(27.07)	0.00	0.00	0.00	(0.68)	91.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in RCABS 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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RCABS Corporate Management

Peter Sallade	MD Director	Profile
Anna Ivanchenko	Chief Officer	Profile
Darla Gullons	MD Director	Profile
Eduard Nazmiev	CEO CFO	Profile
Boris Matsokhin	Managing Strategy	Profile
Joanna Filipowska	Head Director	Profile

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