RBC Bearings Correlations
| RBCPDelisted Stock | USD 123.98 0.00 0.00% |
The current 90-days correlation between RBC Bearings and Old National Bancorp is -0.02 (i.e., Good diversification). The correlation of RBC Bearings 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.
RBC Bearings Correlation With Market
Significant diversification
The correlation between RBC Bearings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Bearings and DJI in the same portfolio, assuming nothing else is changed.
RBC |
Moving against RBC Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between RBC Stock performing well and RBC Bearings 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 RBC Bearings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ONBPP | 0.50 | 0.01 | (0.17) | 0.18 | 0.53 | 1.20 | 2.88 | |||
| FRGAP | 0.87 | 0.23 | 0.09 | (19.98) | 0.73 | 1.62 | 18.20 | |||
| PNFPP | 0.31 | 0.08 | (0.12) | (0.53) | 0.27 | 0.65 | 2.32 | |||
| FCNCO | 0.56 | 0.03 | (0.13) | 0.59 | 0.62 | 1.28 | 3.27 | |||
| TCBIO | 0.89 | 0.06 | (0.03) | 0.37 | 0.87 | 1.94 | 6.00 |
RBC Bearings 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 RBC Bearings stock to make a market-neutral strategy. Peer analysis of RBC Bearings could also be used in its relative valuation, which is a method of valuing RBC Bearings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
RBC Bearings Corporate Management
| John Feeney | General VP | Profile | |
| Daniel Bergeron | COO VP | Profile | |
| Matthew Tift | Corporate Controller | Profile | |
| Patrick Bannon | VP GM | Profile | |
| David Gilbert | I Industrial | Profile |
Still Interested in RBC Bearings?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.