Rev Correlations

REVG Stock

USD 63.90 0.50 0.78%

The current 90-days correlation between Rev Group and Alamo Group is 0.07 (i.e., Significant 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

Poor diversification

The correlation between Rev Group and DJI is 0.79 (i.e., 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.

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

Moving together with Rev Stock

0.73	DCO	Deere Company Earnings Call Tomorrow	Pair Corr
0.62	VELO	Velo3D	Pair Corr
0.7	KOMA	KOMATSU LTD SPONS	Pair Corr
0.78	PFI	Palfinger AG	Pair Corr
0.69	WA9	Wabash National	Pair Corr
0.79	ROI	Rosenbauer International	Pair Corr
0.74	37C	CNH Industrial NV	Pair Corr
0.71	WPRT	Westport Fuel Systems	Pair Corr
0.81	TXG	Terex	Pair Corr
0.98	1RG	REV Group	Pair Corr
0.69	K34	Konecranes Plc	Pair Corr
0.67	KOM1	Komatsu	Pair Corr
0.87	ALG	Alamo Group Earnings Call Tomorrow	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.82	CMI	Cummins	Pair Corr
0.88	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.77	GBX	Greenbrier Companies	Pair Corr
0.8	MLR	Miller Industries	Pair Corr
0.71	MTW	Manitowoc	Pair Corr
0.82	OSK	Oshkosh	Pair Corr
0.79	TEX	Terex	Pair Corr
0.71	MNGN	Manitowoc	Pair Corr
0.81	WAB	Westinghouse Air Brake Earnings Call Today	Pair Corr
0.68	WNC	Wabash National	Pair Corr
0.8	X5Q	COMER INDS SPA	Pair Corr
0.69	TZ4	Titan International	Pair Corr
0.71	HCMA	HITACHI CONSTRMACHADR/2	Pair Corr

Moving against Rev Stock

0.59	BNC	CEA Industries Symbol Change	Pair Corr
0.88	FLD	Fold Holdings Class Symbol Change	Pair Corr
0.79	GWPD	GP Solutions	Pair Corr
0.56	HCAI	Huachen AI Parking	Pair Corr

Related Correlations Analysis

	ALG	TEX	EPAC	RHI	ABM	GEO	SB	ATKR	MGRC
ALG		0.94	0.89	0.44	0.69	0.09	0.78	0.64	0.92	ALG
TEX	0.94		0.83	0.37	0.61	0.23	0.71	0.64	0.9	TEX
EPAC	0.89	0.83		0.38	0.63	0.05	0.64	0.59	0.83	EPAC
RHI	0.44	0.37	0.38		0.56	0.27	0.36	0.44	0.54	RHI
ABM	0.69	0.61	0.63	0.56		0.42	0.64	0.52	0.75	ABM
GEO	0.09	0.23	0.05	0.27	0.42		-0.02	0.48	0.18	GEO
SB	0.78	0.71	0.64	0.36	0.64	-0.02		0.51	0.75	SB
ATKR	0.64	0.64	0.59	0.44	0.52	0.48	0.51		0.64	ATKR
MGRC	0.92	0.9	0.83	0.54	0.75	0.18	0.75	0.64		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	+ 0.94	ALG
MGRC	+ 0.92	ALG
MGRC	+ 0.9	TEX
EPAC	+ 0.89	ALG
EPAC	+ 0.83	TEX
MGRC	+ 0.83	EPAC

High negative correlations

- 0.02

GEO

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	1.20	0.32	0.28	0.33	0.88	(1.46)	2.81	(1.94)	8.89
TEX	2.25	0.63	0.28	0.38	1.88	(2.60)	6.44	(3.78)	21.59
EPAC	1.52	0.05	0.03	0.08	2.07	(1.69)	3.65	(2.83)	12.80
RHI	2.21	(0.11)	0.00	(0.05)	0.00	0.00	4.38	(6.45)	35.78
ABM	1.40	0.05	0.02	0.10	2.67	(1.26)	2.57	(3.05)	15.37
GEO	2.03	(0.05)	(0.01)	0.01	3.67	(1.94)	4.39	(3.33)	19.66
SB	1.54	0.30	0.17	0.58	1.41	(1.97)	3.50	(3.54)	13.72
ATKR	1.74	(0.01)	0.01	0.04	2.94	(1.77)	3.57	(3.41)	15.09
MGRC	1.41	0.15	0.10	0.16	1.49	(1.72)	3.75	(2.09)	10.26

Rev Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Rev stock to make a market-neutral strategy. Peer analysis of Rev could also be used in its relative valuation, which is a method of valuing Rev by comparing valuation metrics with similar companies.

Alamo Group Terex Enerpac Tool Group Robert Half International ABM Industries Incorporated Geo Group Safe Bulkers Atkore International Group McGrath RentCorp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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