Recon Technology Correlations

RCON Stock

USD 2.29 0.06 2.69%

The current 90-days correlation between Recon Technology and CWC Energy Services is 0.26 (i.e., Modest 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

Modest diversification

The correlation between Recon Technology and DJI is 0.2 (i.e., Modest 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.

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 persons.

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

Moving against Recon Stock

0.55	NGS	Natural Gas Services	Pair Corr
0.52	NOA	North American Const	Pair Corr
0.51	FTK	Flotek Industries	Pair Corr
0.5	OIS	Oil States International	Pair Corr
0.49	WTTR	Select Energy Services	Pair Corr
0.48	SEI	Solaris Energy Infra Symbol Change	Pair Corr
0.45	EFXT	Enerflex	Pair Corr
0.45	BKR	Baker Hughes Fiscal Year End 28th of January 2025	Pair Corr
0.43	TTI	Tetra Technologies	Pair Corr
0.4	TS	Tenaris SA ADR	Pair Corr
0.37	KGS	Kodiak Gas Services,	Pair Corr
0.35	OII	Oceaneering International	Pair Corr
0.34	MRC	MRC Global	Pair Corr
0.33	VTOL	Bristow Group	Pair Corr
0.68	NCSM	NCS Multistage Holdings	Pair Corr
0.64	PFIE	Profire Ene	Pair Corr
0.59	RNGR	Ranger Energy Services	Pair Corr
0.49	SUBCY	Subsea 7 SA	Pair Corr
0.46	AE	Adams Resources Energy	Pair Corr
0.42	GEOS	Geospace Technologies	Pair Corr
0.36	AROC	Archrock	Pair Corr
0.34	USAC	USA Compression Partners	Pair Corr

Related Correlations Analysis

	SAPMF	CAWLF	WYGPY	POFCY	CFWFF	ACDC	NR	NGS	GEOS	MRC
SAPMF		-0.57	-0.51	-0.45	-0.19	0.37	0.31	0.78	0.63	0.78	SAPMF
CAWLF	-0.57		0.6	0.78	0.67	-0.25	0.34	-0.61	-0.87	-0.55	CAWLF
WYGPY	-0.51	0.6		0.52	0.38	0.03	0.01	-0.57	-0.59	-0.42	WYGPY
POFCY	-0.45	0.78	0.52		0.67	-0.2	0.28	-0.6	-0.76	-0.44	POFCY
CFWFF	-0.19	0.67	0.38	0.67		0.11	0.64	-0.17	-0.65	-0.11	CFWFF
ACDC	0.37	-0.25	0.03	-0.2	0.11		0.29	0.5	0.25	0.64	ACDC
NR	0.31	0.34	0.01	0.28	0.64	0.29		0.38	-0.13	0.44	NR
NGS	0.78	-0.61	-0.57	-0.6	-0.17	0.5	0.38		0.72	0.87	NGS
GEOS	0.63	-0.87	-0.59	-0.76	-0.65	0.25	-0.13	0.72		0.7	GEOS
MRC	0.78	-0.55	-0.42	-0.44	-0.11	0.64	0.44	0.87	0.7		MRC
	SAPMF	CAWLF	WYGPY	POFCY	CFWFF	ACDC	NR	NGS	GEOS	MRC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MRC	+ 0.87	NGS
NGS	+ 0.78	SAPMF
MRC	+ 0.78	SAPMF
POFCY	+ 0.78	CAWLF
GEOS	+ 0.72	NGS
MRC	+ 0.7	GEOS

High negative correlations

GEOS	- 0.87	CAWLF
GEOS	- 0.76	POFCY
GEOS	- 0.65	CFWFF
NGS	- 0.61	CAWLF
NGS	- 0.6	POFCY
GEOS	- 0.59	WYGPY

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
SAPMF	1.05	0.15	0.00	(0.42)	1.69	(7.08)	4.69	(3.18)	18.87
CAWLF	1.06	(0.59)	0.00	(1.83)	0.00	0.00	0.00	0.00	25.00
WYGPY	2.58	0.04	(0.01)	0.22	3.43	(3.15)	6.40	(5.70)	17.39
POFCY	4.27	(0.79)	0.00	(0.22)	0.00	0.00	14.29	(14.29)	39.08
CFWFF	0.86	(0.01)	0.00	0.21	0.00	0.00	2.96	(2.82)	9.26
ACDC	3.48	0.22	0.07	0.24	4.08	(3.83)	6.60	(5.82)	19.09
NR	1.77	(0.22)	(0.04)	0.01	2.10	(1.93)	3.73	(3.89)	13.55
NGS	2.26	0.26	0.16	0.25	2.12	(2.76)	4.58	(3.04)	13.49
GEOS	2.39	0.07	0.05	0.15	3.79	(2.52)	4.79	(3.88)	16.83
MRC	1.49	(0.07)	0.03	0.09	1.53	(1.71)	3.28	(2.94)	18.83

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

Profile

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

2024 Macroaxis LLC