Rev Correlations

REVG Stock

USD 60.81 0.33 0.54%

The current 90-days correlation between Rev Group and Alamo Group is 0.39 (i.e., 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 weak diversification

The correlation between Rev Group and DJI is 0.43 (i.e., Very weak 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 signals in unemployment.

Moving together with Rev Stock

0.75	GBX	Greenbrier Companies Earnings Call Tomorrow	Pair Corr
0.62	MTW	Manitowoc	Pair Corr
0.72	OSK	Oshkosh	Pair Corr
0.9	TEX	Terex	Pair Corr
0.81	TRN	Trinity Industries	Pair Corr

Moving against Rev Stock

0.67	300527	China Harzone Industry	Pair Corr
0.4	002526	Shandong Mining Machinery	Pair Corr
0.39	002890	Shandong Hongyu Agri	Pair Corr
0.31	RPM	RPM Automotive Group	Pair Corr

Related Correlations Analysis

	ALG	TEX	EPAC	RHI	ABM	GEO	SB	ATKR	MGRC
ALG		0.7	0.74	0.78	0.69	0.8	-0.76	0.06	0.92	ALG
TEX	0.7		0.5	0.55	0.6	0.49	-0.39	0.13	0.74	TEX
EPAC	0.74	0.5		0.35	0.45	0.38	-0.65	0.45	0.74	EPAC
RHI	0.78	0.55	0.35		0.66	0.84	-0.59	-0.37	0.76	RHI
ABM	0.69	0.6	0.45	0.66		0.7	-0.28	-0.06	0.68	ABM
GEO	0.8	0.49	0.38	0.84	0.7		-0.42	-0.24	0.7	GEO
SB	-0.76	-0.39	-0.65	-0.59	-0.28	-0.42		0.01	-0.73	SB
ATKR	0.06	0.13	0.45	-0.37	-0.06	-0.24	0.01		0.12	ATKR
MGRC	0.92	0.74	0.74	0.76	0.68	0.7	-0.73	0.12		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

MGRC	+ 0.92	ALG
GEO	+ 0.84	RHI
GEO	+ 0.8	ALG
RHI	+ 0.78	ALG
MGRC	+ 0.76	RHI
EPAC	+ 0.74	ALG

High negative correlations

SB	- 0.76	ALG
MGRC	- 0.73	SB
SB	- 0.65	EPAC
SB	- 0.59	RHI
SB	- 0.42	GEO
SB	- 0.39	TEX

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	1.16	(0.23)	0.00	(0.22)	0.00	0.00	2.28	(2.09)	6.93
TEX	2.07	(0.02)	0.01	0.05	3.41	(2.19)	4.18	(3.80)	23.19
EPAC	1.32	(0.09)	0.00	(0.02)	0.00	0.00	3.65	(2.01)	13.58
RHI	1.40	(0.36)	0.00	(0.20)	0.00	0.00	2.28	(3.60)	10.01
ABM	1.25	(0.14)	0.00	(0.10)	0.00	0.00	2.57	(3.94)	15.39
GEO	1.90	(0.45)	0.00	(0.30)	0.00	0.00	3.10	(3.91)	13.84
SB	1.30	0.04	0.02	0.11	1.36	(1.80)	3.17	(1.81)	13.45
ATKR	1.56	(0.01)	0.01	0.05	2.58	(1.67)	3.38	(2.59)	16.30
MGRC	1.25	(0.22)	0.00	(0.13)	0.00	0.00	3.33	(1.83)	7.75

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