RPC Correlations

RES Stock

USD 5.83 0.18 3.00%

The current 90-days correlation between RPC Inc and National Energy Services is 0.26 (i.e., Modest diversification). The correlation of RPC 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.

RPC Correlation With Market

Very weak diversification

The correlation between RPC Inc and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPC Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RPC Stock

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

Moving together with RPC Stock

0.8	CLB	Core Laboratories	Pair Corr
0.72	DTI	Drilling Tools Inter	Pair Corr
0.74	TGI	TETRA Technologies Earnings Call Today	Pair Corr
0.7	HAL	Halliburton Aggressive Push	Pair Corr
0.68	NOV	NOV Inc	Pair Corr
0.64	SCL	Schlumberger Limited	Pair Corr

Related Correlations Analysis

	NESR	MRC	VTOL	NPKI	HLX	PUMP	TTI	LPG	VET	NVGS
NESR		-0.35	0.95	0.9	0.89	0.73	0.83	0.95	0.8	0.87	NESR
MRC	-0.35		-0.48	-0.25	-0.41	-0.34	-0.2	-0.4	-0.56	-0.39	MRC
VTOL	0.95	-0.48		0.89	0.89	0.76	0.84	0.91	0.86	0.82	VTOL
NPKI	0.9	-0.25	0.89		0.89	0.87	0.85	0.86	0.79	0.77	NPKI
HLX	0.89	-0.41	0.89	0.89		0.85	0.67	0.9	0.89	0.85	HLX
PUMP	0.73	-0.34	0.76	0.87	0.85		0.66	0.7	0.83	0.66	PUMP
TTI	0.83	-0.2	0.84	0.85	0.67	0.66		0.72	0.57	0.56	TTI
LPG	0.95	-0.4	0.91	0.86	0.9	0.7	0.72		0.83	0.91	LPG
VET	0.8	-0.56	0.86	0.79	0.89	0.83	0.57	0.83		0.78	VET
NVGS	0.87	-0.39	0.82	0.77	0.85	0.66	0.56	0.91	0.78		NVGS
	NESR	MRC	VTOL	NPKI	HLX	PUMP	TTI	LPG	VET	NVGS

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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

VTOL	+ 0.95	NESR
LPG	+ 0.95	NESR
LPG	+ 0.91	VTOL
NVGS	+ 0.91	LPG
NPKI	+ 0.9	NESR
LPG	+ 0.9	HLX

High negative correlations

VET	- 0.56	MRC
VTOL	- 0.48	MRC
HLX	- 0.41	MRC
LPG	- 0.4	MRC
NVGS	- 0.39	MRC
MRC	- 0.35	NESR

Risk-Adjusted Indicators

There is a big difference between RPC Stock performing well and RPC 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 RPC'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
NESR	2.05	0.87	0.43	0.90	1.22	(2.39)	6.76	(3.09)	17.94
MRC	1.56	(0.10)	0.00	(0.08)	0.00	0.00	3.27	(4.18)	11.50
VTOL	1.37	0.27	0.16	0.37	1.28	(1.56)	3.40	(2.53)	7.10
NPKI	1.66	0.21	0.12	0.27	1.67	(1.98)	3.95	(3.24)	10.46
HLX	2.43	0.65	0.26	0.53	2.24	(2.90)	5.81	(2.65)	12.24
PUMP	2.61	0.16	0.06	0.21	3.03	(2.89)	6.75	(5.49)	15.66
TTI	2.63	0.46	0.18	0.35	2.56	(3.08)	5.47	(4.75)	16.56
LPG	1.60	0.45	0.29	0.77	1.14	(2.00)	3.98	(2.35)	10.07
VET	2.06	0.20	0.06	0.49	2.46	(2.15)	5.04	(4.57)	12.04
NVGS	1.07	0.14	0.07	0.43	1.00	(1.32)	2.82	(1.93)	8.39

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