RPC Correlations

RES Stock

USD 5.93 0.29 5.14%

The current 90-days correlation between RPC Inc and National Energy Services is 0.38 (i.e., Weak 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

Average diversification

The correlation between RPC Inc and DJI is 0.15 (i.e., Average 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 various price indices.

Moving together with RPC Stock

0.78	PTAIY	Astra International Tbk	Pair Corr
0.66	PUTKY	United Tractors Tbk	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.7	PFE	Pfizer Inc	Pair Corr

Moving against RPC Stock

0.53	PG	Procter Gamble	Pair Corr
0.46	MSFT	Microsoft	Pair Corr
0.38	PIFMY	Indofood Sukses Makmur	Pair Corr

Related Correlations Analysis

	NESR	MRC	VTOL	NPKI	HLX	PUMP	TTI	LPG	VET	NVGS
NESR		0.04	-0.35	0.33	0.3	0.67	0.84	-0.37	0.55	0.83	NESR
MRC	0.04		0.01	-0.25	-0.38	-0.11	0.1	-0.03	-0.08	-0.04	MRC
VTOL	-0.35	0.01		0.23	0.17	-0.18	-0.32	0.82	-0.6	-0.42	VTOL
NPKI	0.33	-0.25	0.23		0.67	0.54	0.3	0.27	-0.01	0.27	NPKI
HLX	0.3	-0.38	0.17	0.67		0.48	0.21	0.1	0.32	0.36	HLX
PUMP	0.67	-0.11	-0.18	0.54	0.48		0.37	-0.1	0.61	0.82	PUMP
TTI	0.84	0.1	-0.32	0.3	0.21	0.37		-0.41	0.32	0.56	TTI
LPG	-0.37	-0.03	0.82	0.27	0.1	-0.1	-0.41		-0.65	-0.36	LPG
VET	0.55	-0.08	-0.6	-0.01	0.32	0.61	0.32	-0.65		0.79	VET
NVGS	0.83	-0.04	-0.42	0.27	0.36	0.82	0.56	-0.36	0.79		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

TTI	+ 0.84	NESR
NVGS	+ 0.83	NESR
LPG	+ 0.82	VTOL
NVGS	+ 0.82	PUMP
NVGS	+ 0.79	VET
PUMP	+ 0.67	NESR

High negative correlations

VET	- 0.65	LPG
VET	- 0.6	VTOL
NVGS	- 0.42	VTOL
LPG	- 0.41	TTI
HLX	- 0.38	MRC
LPG	- 0.37	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	2.18	0.87	0.34	2.05	1.75	(2.58)	6.67	(2.98)	22.01
MRC	0.83	0.20	0.08	4.11	1.17	(1.03)	2.43	(0.65)	6.73
VTOL	1.77	0.10	0.03	0.23	2.24	(1.81)	3.37	(3.48)	12.30
NPKI	1.82	0.17	0.08	0.21	2.24	(2.03)	3.73	(2.81)	12.62
HLX	1.99	0.17	0.06	0.25	2.72	(2.11)	4.58	(4.43)	12.48
PUMP	3.77	1.11	0.32	0.79	2.90	(4.86)	8.20	(6.58)	60.13
TTI	3.04	0.89	0.28	0.65	2.75	(3.63)	8.52	(4.75)	21.19
LPG	1.52	0.13	0.04	0.57	1.93	(1.68)	3.02	(2.30)	11.45
VET	2.03	0.09	0.01	0.73	2.18	(2.36)	4.54	(3.62)	13.03
NVGS	1.05	0.36	0.28	6.20	0.72	(1.33)	2.70	(1.40)	5.81

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