Rev Correlations

REVG Stock

USD 67.05 1.90 2.76%

The current 90-days correlation between Rev Group and Alamo Group is 0.42 (i.e., Very weak diversification). The correlation of Rev 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.

Rev Correlation With Market

Very poor diversification

The correlation between Rev Group and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rev Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rev Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rev Group. 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 Rev Stock

0.63	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.87	MTW	Manitowoc	Pair Corr
0.64	RAL	Ralliant Common	Pair Corr
0.77	WAB	Westinghouse Air Brake	Pair Corr
0.86	WNC	Wabash National	Pair Corr
0.9	000680	Shantui Construction	Pair Corr
0.85	300818	Jiangxi Naipu Mining	Pair Corr
0.71	601717	Zhengzhou Coal Mining	Pair Corr
0.69	300103	XiAn Dagang Road	Pair Corr
0.67	300210	Anshan Senyuan Road	Pair Corr
0.67	300099	Uroica Mining Safety	Pair Corr
0.75	YAMHF	Yamaha Motor	Pair Corr
0.74	FMCB	Farmers Merchants Bancorp Earnings Call Today	Pair Corr
0.61	DAIUF	Daifuku Co Potential Growth	Pair Corr
0.81	FUWAF	Furukawa Electric	Pair Corr
0.81	CR	Crane Company Earnings Call This Week	Pair Corr
0.69	SFSHF	Safestore Holdings plc	Pair Corr
0.81	GORO	Gold Resource Buyout Trend	Pair Corr
0.86	EBMT	Eagle Bancorp Montana Earnings Call Tomorrow	Pair Corr
0.76	ASMXF	ASM International	Pair Corr
0.76	PHXHF	PHX Energy Services	Pair Corr

Moving against Rev Stock

0.34	301039	CIMC Vehicles	Pair Corr
0.32	002480	Chengdu Xinzhu RoadBridge	Pair Corr
0.43	NDEKY	Nitto Denko Corp Earnings Call Today	Pair Corr
0.43	OCEA	Ocean Biomedical	Pair Corr

Related Correlations Analysis

	ALG	TEX	EPAC	RHI	ABM	GEO	SB	ATKR	MGRC
ALG		0.86	0.78	0.62	0.61	0.77	-0.03	0.77	0.83	ALG
TEX	0.86		0.51	0.75	0.58	0.76	0.21	0.59	0.69	TEX
EPAC	0.78	0.51		0.36	0.46	0.49	-0.38	0.65	0.8	EPAC
RHI	0.62	0.75	0.36		0.61	0.59	0.08	0.29	0.69	RHI
ABM	0.61	0.58	0.46	0.61		0.76	0.19	0.42	0.64	ABM
GEO	0.77	0.76	0.49	0.59	0.76		0.26	0.65	0.73	GEO
SB	-0.03	0.21	-0.38	0.08	0.19	0.26		0.19	-0.28	SB
ATKR	0.77	0.59	0.65	0.29	0.42	0.65	0.19		0.58	ATKR
MGRC	0.83	0.69	0.8	0.69	0.64	0.73	-0.28	0.58		MGRC
	ALG	TEX	EPAC	RHI	ABM	GEO	SB	ATKR	MGRC

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

TEX	+ 0.86	ALG
MGRC	+ 0.83	ALG
MGRC	+ 0.8	EPAC
EPAC	+ 0.78	ALG
GEO	+ 0.77	ALG
ATKR	+ 0.77	ALG

High negative correlations

SB	- 0.38	EPAC
MGRC	- 0.28	SB
SB	- 0.03	ALG

Risk-Adjusted Indicators

There is a big difference between Rev Stock performing well and Rev 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 Rev'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
ALG	1.28	(0.01)	0.00	0.06	1.40	(1.36)	2.47	(2.08)	8.89
TEX	2.06	0.03	0.03	0.08	3.19	(2.22)	4.18	(3.78)	23.19
EPAC	1.42	(0.13)	0.00	(0.02)	0.00	0.00	3.65	(2.83)	12.80
RHI	1.54	(0.17)	0.00	(0.05)	0.00	0.00	3.27	(3.95)	11.16
ABM	1.27	(0.04)	(0.02)	0.02	2.62	(1.13)	2.57	(3.92)	15.37
GEO	1.77	0.08	0.03	0.14	2.22	(1.93)	4.14	(3.17)	11.11
SB	1.34	0.32	0.21	0.74	1.03	(1.72)	3.34	(1.72)	13.45
ATKR	1.62	0.03	0.03	0.08	2.71	(1.70)	3.57	(2.59)	15.67
MGRC	1.34	(0.16)	0.00	(0.05)	0.00	0.00	3.75	(2.02)	7.75

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