RB Global Correlations

RBA Stock

USD 103.29 0.42 0.41%

The current 90-days correlation between RB Global and Global Payments is 0.48 (i.e., Very weak diversification). The correlation of RB Global 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.

RB Global Correlation With Market

Very weak diversification

The correlation between RB Global and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RB Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RBA Stock

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

For information on how to trade RBA Stock refer to our How to Trade RBA Stock guide.

Moving together with RBA Stock

0.63	GEO	Geo Group	Pair Corr
0.64	MSA	MSA Safety	Pair Corr
0.71	MLKN	MillerKnoll	Pair Corr
0.64	FQVLF	First Quantum Minerals	Pair Corr

Moving against RBA Stock

0.54	CTOWY	China TowerLimited	Pair Corr
0.4	603600	UE Furniture	Pair Corr
0.37	LCDX	Caliber Imaging Diag	Pair Corr
0.81	NMRD	Nemaura Medical	Pair Corr
0.5	LUMN	Lumen Technologies	Pair Corr
0.47	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.4	FHELF	First Helium	Pair Corr
0.4	DGWPF	Drgerwerk AG	Pair Corr

Related Correlations Analysis

	GPN	ULS	FTAI	RTO	NVT	CHRW	SNA	PNR	ACM	TRU
GPN		-0.76	0.27	0.12	-0.61	-0.63	0.22	0.75	0.32	-0.23	GPN
ULS	-0.76		-0.34	-0.06	0.58	0.45	-0.22	-0.46	-0.14	0.24	ULS
FTAI	0.27	-0.34		0.56	-0.03	0.05	0.5	0.08	-0.31	0.29	FTAI
RTO	0.12	-0.06	0.56		0.08	0.5	0.7	-0.27	-0.62	0.73	RTO
NVT	-0.61	0.58	-0.03	0.08		0.47	0.06	-0.31	-0.04	0.2	NVT
CHRW	-0.63	0.45	0.05	0.5	0.47		0.45	-0.73	-0.78	0.65	CHRW
SNA	0.22	-0.22	0.5	0.7	0.06	0.45		-0.04	-0.6	0.61	SNA
PNR	0.75	-0.46	0.08	-0.27	-0.31	-0.73	-0.04		0.67	-0.48	PNR
ACM	0.32	-0.14	-0.31	-0.62	-0.04	-0.78	-0.6	0.67		-0.72	ACM
TRU	-0.23	0.24	0.29	0.73	0.2	0.65	0.61	-0.48	-0.72		TRU
	GPN	ULS	FTAI	RTO	NVT	CHRW	SNA	PNR	ACM	TRU

Please upgrade your account to get full access to Macroaxis premium features

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

PNR	+ 0.75	GPN
TRU	+ 0.73	RTO
SNA	+ 0.7	RTO
ACM	+ 0.67	PNR
TRU	+ 0.65	CHRW
TRU	+ 0.61	SNA

High negative correlations

ACM	- 0.78	CHRW
ULS	- 0.76	GPN
PNR	- 0.73	CHRW
TRU	- 0.72	ACM
CHRW	- 0.63	GPN
ACM	- 0.62	RTO

Risk-Adjusted Indicators

There is a big difference between RBA Stock performing well and RB Global 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 RB Global'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
GPN	1.49	(0.22)	0.00	(0.08)	0.00	0.00	2.84	(2.84)	10.18
ULS	1.51	0.21	0.07	1.34	2.21	(1.73)	2.60	(2.73)	21.27
FTAI	2.48	0.34	0.11	0.32	3.02	(2.74)	6.15	(4.53)	17.39
RTO	1.23	0.22	0.14	0.32	1.14	(1.44)	3.69	(2.37)	13.07
NVT	1.80	0.06	0.03	0.09	2.47	(1.85)	3.66	(3.99)	16.83
CHRW	1.40	0.31	0.21	0.41	1.08	(1.72)	2.89	(2.42)	22.91
SNA	0.87	(0.01)	(0.03)	0.04	1.04	(0.88)	1.84	(1.62)	5.32
PNR	0.87	(0.13)	0.00	(0.07)	0.00	0.00	1.69	(2.27)	5.55
ACM	1.27	(0.50)	0.00	(0.47)	0.00	0.00	1.87	(3.02)	13.58
TRU	1.57	(0.06)	(0.02)	0.01	2.30	(1.75)	3.72	(2.85)	10.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC