Recon Technology Correlations
| RCON Stock | USD 1.31 0.09 6.43% |
The current 90-days correlation between Recon Technology and Dawson Geophysical is 0.07 (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
Very weak diversification
The correlation between Recon Technology and DJI is 0.51 (i.e., Very weak 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.
Moving together with Recon Stock
| 0.63 | DIS | Walt Disney Earnings Call This Week | PairCorr |
Moving against Recon Stock
| 0.46 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.39 | KO | Coca Cola Aggressive Push | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DWSN | 3.11 | 0.26 | 0.07 | 0.62 | 3.23 | 7.46 | 16.23 | |||
| SPRU | 5.30 | 1.69 | 0.23 | (5.68) | 5.40 | 13.68 | 81.84 | |||
| PED | 2.82 | 0.07 | 0.01 | 0.34 | 3.74 | 6.00 | 16.10 | |||
| SMXT | 4.24 | (0.08) | (0.01) | 0.00 | 5.53 | 10.23 | 29.70 | |||
| KLXE | 4.62 | 0.80 | 0.15 | 1.20 | 4.38 | 10.85 | 27.68 | |||
| USEG | 3.22 | (0.06) | 0.00 | (0.20) | 0.00 | 7.07 | 13.11 | |||
| INDO | 3.60 | 0.83 | 0.19 | (2.04) | 3.58 | 10.28 | 29.54 | |||
| MAXN | 2.96 | (0.54) | 0.00 | (0.13) | 0.00 | 7.76 | 19.03 | |||
| NINE | 6.53 | 0.16 | 0.03 | 0.12 | 7.48 | 17.02 | 40.03 | |||
| BEEM | 3.98 | (0.64) | 0.00 | (0.39) | 0.00 | 7.88 | 19.76 |
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.