RCM Technologies Correlations

RCMT Stock

USD 20.28 0.77 3.95%

The current 90-days correlation between RCM Technologies and Mammoth Energy Services is 0.07 (i.e., Significant diversification). The correlation of RCM Technologies 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.

RCM Technologies Correlation With Market

Good diversification

The correlation between RCM Technologies and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCM Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy RCM Stock please use our How to Invest in RCM Technologies guide.

Moving together with RCM Stock

0.67	BV	BrightView Holdings	Pair Corr
0.85	RTO	Rentokil Initial PLC	Pair Corr
0.65	MLKN	MillerKnoll	Pair Corr
0.67	CASS	Cass Information Systems	Pair Corr
0.62	CDTG	CDT Environmental	Pair Corr

Moving against RCM Stock

0.56	UNF	Unifirst	Pair Corr
0.46	OMEX	Odyssey Marine Explo	Pair Corr
0.41	SMXWW	SMX Public Limited	Pair Corr
0.39	RELX	Relx PLC ADR	Pair Corr
0.6	AP	Ampco Pittsburgh	Pair Corr
0.57	B	Barnes Group	Pair Corr
0.48	BA	Boeing	Pair Corr
0.45	GE	GE Aerospace	Pair Corr
0.39	DE	Deere Company	Pair Corr
0.38	SPIR	Spire Global	Pair Corr

Related Correlations Analysis

	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP
MATW		-0.57	0.73	0.48	0.34	0.74	-0.08	0.1	-0.3	-0.39	MATW
TUSK	-0.57		-0.47	-0.38	-0.52	-0.66	0.33	-0.04	0.51	0.59	TUSK
GFF	0.73	-0.47		0.48	0.65	0.52	-0.44	0.53	-0.21	-0.12	GFF
SPLP	0.48	-0.38	0.48		0.54	0.26	-0.43	0.35	-0.3	-0.13	SPLP
CODI	0.34	-0.52	0.65	0.54		0.12	-0.82	0.73	-0.23	0.07	CODI
SPLP-PA	0.74	-0.66	0.52	0.26	0.12		0.2	-0.2	-0.25	-0.72	SPLP-PA
CODI-PA	-0.08	0.33	-0.44	-0.43	-0.82	0.2		-0.62	0.24	-0.16	CODI-PA
BBU	0.1	-0.04	0.53	0.35	0.73	-0.2	-0.62		0.22	0.59	BBU
TRC	-0.3	0.51	-0.21	-0.3	-0.23	-0.25	0.24	0.22		0.45	TRC
FIP	-0.39	0.59	-0.12	-0.13	0.07	-0.72	-0.16	0.59	0.45		FIP
	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP

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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

SPLP-PA	+ 0.74	MATW
GFF	+ 0.73	MATW
BBU	+ 0.73	CODI
CODI	+ 0.65	GFF
FIP	+ 0.59	TUSK
FIP	+ 0.59	BBU

High negative correlations

CODI-PA	- 0.82	CODI
FIP	- 0.72	SPLP-PA
SPLP-PA	- 0.66	TUSK
BBU	- 0.62	CODI-PA
TUSK	- 0.57	MATW
CODI	- 0.52	TUSK

Risk-Adjusted Indicators

There is a big difference between RCM Stock performing well and RCM Technologies 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 RCM Technologies' 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
MATW	2.21	0.35	0.19	0.37	1.72	(3.25)	5.82	(3.87)	26.99
TUSK	2.76	(0.60)	0.00	(0.46)	0.00	0.00	7.02	(6.09)	18.44
GFF	1.69	0.29	0.11	7.36	1.70	(1.91)	2.88	(3.57)	22.89
SPLP	1.98	0.09	(0.01)	(0.10)	3.31	(2.78)	6.00	(3.70)	29.23
CODI	1.18	0.08	(0.03)	(0.11)	1.61	(1.17)	2.10	(2.52)	11.43
SPLP-PA	0.14	0.02	(0.33)	(1.03)	0.00	(0.18)	0.38	(0.21)	1.48
CODI-PA	0.70	(0.02)	0.00	(0.15)	0.00	0.00	1.72	(1.49)	5.64
BBU	1.52	(0.07)	0.00	(0.38)	0.00	0.00	3.19	(2.77)	12.93
TRC	1.48	(0.03)	(0.03)	0.04	1.88	(1.66)	3.17	(3.67)	14.35
FIP	2.50	(0.35)	0.00	(5.28)	0.00	0.00	5.27	(6.07)	20.34

RCM Technologies Corporate Management

Michael Saks	Sr. VP and General Manager of Health Care Services Division	Profile
Christine Ciocca	Executive Defense	Profile
Peter Grossman	Senior Division	Profile
Christopher Giunta	Sr VP	Profile
William Gargano	Group Services	Profile

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