RF Industries Correlations

RFIL Stock

USD 10.36 0.63 5.73%

The current 90-days correlation between RF Industries and CBAK Energy Technology is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RF Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RF Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RF Industries Correlation With Market

Very weak diversification

The correlation between RF Industries 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 RF Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RFIL Stock

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

For more information on how to buy RFIL Stock please use our How to buy in RFIL Stock guide.

Moving together with RFIL Stock

0.7	ARW	Arrow Electronics Earnings Call Tomorrow	Pair Corr
0.73	GLW	Corning Incorporated	Pair Corr
0.79	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.69	CAT	Caterpillar	Pair Corr
0.81	CVX	Chevron Corp	Pair Corr
0.64	BA	Boeing	Pair Corr

Moving against RFIL Stock

0.74	BRK-A	Berkshire Hathaway	Pair Corr
0.51	TRNR	Interactive Strength	Pair Corr
0.46	DSWL	Deswell Industries	Pair Corr
0.44	APVO	Aptevo Therapeutics	Pair Corr
0.42	REFR	Research Frontiers	Pair Corr
0.57	MMM	3M Company	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.43	BAC	Bank of America Aggressive Push	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	CBAT	OPTT	DFLI	SUGP	FTEK	MHH	RYM	XCH	JLHL	SHIM
CBAT		-0.22	0.68	0.23	0.65	0.4	0.5	0.52	-0.24	-0.72	CBAT
OPTT	-0.22		0.12	0.02	0.08	-0.19	-0.02	0.05	0.32	0.23	OPTT
DFLI	0.68	0.12		0.09	0.87	0.16	0.55	0.67	-0.03	-0.79	DFLI
SUGP	0.23	0.02	0.09		0.12	0.01	0.03	0.12	0.27	0.11	SUGP
FTEK	0.65	0.08	0.87	0.12		0.05	0.79	0.78	0.0	-0.66	FTEK
MHH	0.4	-0.19	0.16	0.01	0.05		-0.08	-0.24	-0.26	-0.26	MHH
RYM	0.5	-0.02	0.55	0.03	0.79	-0.08		0.74	-0.18	-0.46	RYM
XCH	0.52	0.05	0.67	0.12	0.78	-0.24	0.74		0.03	-0.59	XCH
JLHL	-0.24	0.32	-0.03	0.27	0.0	-0.26	-0.18	0.03		0.39	JLHL
SHIM	-0.72	0.23	-0.79	0.11	-0.66	-0.26	-0.46	-0.59	0.39		SHIM
	CBAT	OPTT	DFLI	SUGP	FTEK	MHH	RYM	XCH	JLHL	SHIM

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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

FTEK	+ 0.87	DFLI
RYM	+ 0.79	FTEK
XCH	+ 0.78	FTEK
XCH	+ 0.74	RYM
DFLI	+ 0.68	CBAT
XCH	+ 0.67	DFLI

High negative correlations

SHIM	- 0.79	DFLI
SHIM	- 0.72	CBAT
SHIM	- 0.66	FTEK
SHIM	- 0.59	XCH
SHIM	- 0.46	RYM
SHIM	- 0.26	MHH

Risk-Adjusted Indicators

There is a big difference between RFIL Stock performing well and RF Industries 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 RF Industries' 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
CBAT	1.73	(0.22)	0.00	(0.23)	0.00	0.00	2.38	(3.30)	7.92
OPTT	5.96	0.07	0.02	0.06	6.90	(8.08)	22.81	(9.52)	38.97
DFLI	6.98	(1.77)	0.00	(0.35)	0.00	0.00	13.98	(18.33)	58.61
SUGP	6.15	0.19	0.03	0.33	5.94	(8.34)	17.52	(9.68)	43.26
FTEK	3.09	(0.94)	0.00	(0.71)	0.00	0.00	6.45	(6.98)	19.15
MHH	3.13	0.01	0.00	0.08	3.74	(3.36)	6.83	(5.59)	19.87
RYM	5.72	(1.04)	0.00	1.55	0.00	0.00	10.94	(15.38)	63.12
XCH	4.27	(0.50)	0.00	(2.25)	0.00	0.00	8.76	(8.50)	32.99
JLHL	5.15	0.37	0.05	0.29	7.60	(5.16)	15.31	(12.72)	31.63
SHIM	4.39	0.99	0.24	0.48	3.94	(5.77)	12.69	(6.83)	26.47

RF Industries Corporate Executives

Elected by the shareholders, the RF Industries' board of directors comprises two types of representatives: RF Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RFIL. The board's role is to monitor RF Industries' management team and ensure that shareholders' interests are well served. RF Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RF Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

Peter CPA

CFO Treasurer

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