Recon Technology Correlations

RCON Stock

USD 1.55 0.03 1.90%

The current 90-days correlation between Recon Technology and Leishen Energy Holding is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Recon Technology Correlation With Market

Average diversification

The correlation between Recon Technology and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Recon Technology and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.

Moving together with Recon Stock

0.86	TUSK	Mammoth Energy Services	Pair Corr
0.85	NSFDF	NXT Energy Solutions	Pair Corr

Moving against Recon Stock

0.89	GIFI	Gulf Island Fabrication Sell-off Trend	Pair Corr
0.84	NESR	National Energy Services	Pair Corr
0.83	002108	Cangzhou Mingzhu Plastic	Pair Corr
0.81	NOV	NOV Inc	Pair Corr
0.81	RES	RPC Inc	Pair Corr
0.79	0NIS	SBM Offshore NV	Pair Corr
0.75	WFRD	Weatherford International	Pair Corr
0.72	FLOC	Flowco Holdings	Pair Corr
0.63	603727	Bomesc Offshore Engi	Pair Corr
0.62	FET	Forum Energy Technologies	Pair Corr
0.62	SND	Smart Sand	Pair Corr
0.55	DTI	Drilling Tools Inter	Pair Corr
0.41	600583	Offshore Oil Engineering	Pair Corr
0.38	OIS	Oil States International	Pair Corr
0.88	LCDX	Caliber Imaging Diag	Pair Corr
0.8	DGWPF	Drgerwerk AG	Pair Corr
0.77	NAUFF	NevGold Corp	Pair Corr
0.72	CASXF	Casa Minerals	Pair Corr
0.7	MGCV	MGC Ventures	Pair Corr
0.7	FTV	Fortive Corp	Pair Corr
0.63	CTOWY	China TowerLimited	Pair Corr
0.61	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.58	SYF	Synchrony Financial	Pair Corr
0.49	BROS	Dutch Bros	Pair Corr
0.42	SMXWW	SMX Public Limited	Pair Corr
0.41	DB	Deutsche Bank AG	Pair Corr
0.4	FHELF	First Helium	Pair Corr
0.34	NMRD	Nemaura Medical	Pair Corr
0.33	LUMN	Lumen Technologies	Pair Corr

Related Correlations Analysis

	LSE	SLNG	NCSM	DTI	MMLP	ZEO	EP	EPSN	IMPP
LSE		0.35	-0.04	-0.68	0.42	0.79	0.46	0.08	0.64	LSE
SLNG	0.35		-0.03	0.01	-0.01	0.28	0.13	0.27	0.15	SLNG
NCSM	-0.04	-0.03		-0.01	0.56	-0.11	0.71	0.54	-0.35	NCSM
DTI	-0.68	0.01	-0.01		-0.44	-0.59	-0.43	0.16	-0.45	DTI
MMLP	0.42	-0.01	0.56	-0.44		0.15	0.77	0.42	0.03	MMLP
ZEO	0.79	0.28	-0.11	-0.59	0.15		0.28	-0.11	0.59	ZEO
EP	0.46	0.13	0.71	-0.43	0.77	0.28		0.51	-0.04	EP
EPSN	0.08	0.27	0.54	0.16	0.42	-0.11	0.51		-0.13	EPSN
IMPP	0.64	0.15	-0.35	-0.45	0.03	0.59	-0.04	-0.13		IMPP
	LSE	SLNG	NCSM	DTI	MMLP	ZEO	EP	EPSN	IMPP

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

ZEO	+ 0.79	LSE
EP	+ 0.77	MMLP
EP	+ 0.71	NCSM
IMPP	+ 0.64	LSE
IMPP	+ 0.59	ZEO
MMLP	+ 0.56	NCSM

High negative correlations

DTI	- 0.68	LSE
ZEO	- 0.59	DTI
IMPP	- 0.45	DTI
MMLP	- 0.44	DTI
EP	- 0.43	DTI
IMPP	- 0.35	NCSM

Risk-Adjusted Indicators

There is a big difference between Recon Stock performing well and Recon Technology 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 Recon Technology'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
LSE	2.18	(0.33)	0.00	(1.08)	0.00	0.00	4.36	(5.83)	19.26
SLNG	2.22	0.09	0.02	0.39	2.95	(2.34)	5.36	(4.83)	14.66
NCSM	2.90	(0.36)	0.00	(0.31)	0.00	0.00	5.56	(5.42)	20.91
DTI	4.21	0.29	0.06	1.27	4.23	(5.47)	10.57	(7.35)	22.79
MMLP	2.44	(0.15)	0.00	(0.29)	0.00	0.00	6.25	(4.85)	24.43
ZEO	4.72	(0.20)	0.00	(0.01)	0.00	0.00	10.77	(8.72)	28.74
EP	3.73	(0.56)	0.00	(0.46)	0.00	0.00	8.86	(7.74)	18.78
EPSN	1.92	(0.18)	0.00	(0.07)	0.00	0.00	4.46	(3.38)	11.38
IMPP	3.43	(0.34)	0.00	(0.25)	0.00	0.00	6.24	(7.80)	43.25

Recon Technology Corporate Executives

Elected by the shareholders, the Recon Technology's board of directors comprises two types of representatives: Recon Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Recon. The board's role is to monitor Recon Technology's management team and ensure that shareholders' interests are well served. Recon Technology'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, Recon Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jia Liu

CFO and Secretary

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