Resources Connection Correlations

RGP Stock

USD 4.30 0.04 0.92%

The current 90-days correlation between Resources Connection and Forrester Research is 0.27 (i.e., Modest diversification). The correlation of Resources Connection 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.

Resources Connection Correlation With Market

Modest diversification

The correlation between Resources Connection and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resources Connection and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Resources Stock

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

To learn how to invest in Resources Stock, please use our How to Invest in Resources Connection guide.

Moving together with Resources Stock

0.61	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.64	BOMXF	Bolsa Mexicana de	Pair Corr

Moving against Resources Stock

0.85	603860	RoadMain T	Pair Corr
0.82	603357	Anhui Transport Cons	Pair Corr
0.68	300556	Silkroad Visual Tech	Pair Corr
0.47	NTNX	Nutanix	Pair Corr
0.36	EGMCF	Emgold Mining	Pair Corr
0.65	CRRTF	Crescita Therapeutics	Pair Corr
0.48	CYBQY	Cyberdyne ADR	Pair Corr
0.47	LAND	Gladstone Land	Pair Corr
0.44	BDORY	Banco Do Brasil	Pair Corr
0.36	ODYS	Odysightai Common Stock	Pair Corr
0.34	GFR	Greenfire Resources	Pair Corr
0.34	PPHI	Positive Physicians	Pair Corr

Related Correlations Analysis

	FORR	ROMA	GLCP	BLNK	FCEL	MVST	ESGL	TBI	SRFM	ISSC
FORR		-0.11	0.0	0.21	0.15	0.38	-0.01	0.59	0.7	0.3	FORR
ROMA	-0.11		0.0	0.66	-0.13	0.51	-0.64	0.38	0.17	-0.61	ROMA
GLCP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLCP
BLNK	0.21	0.66	0.0		-0.39	0.9	-0.44	0.5	0.68	-0.77	BLNK
FCEL	0.15	-0.13	0.0	-0.39		-0.17	0.1	0.11	0.02	0.51	FCEL
MVST	0.38	0.51	0.0	0.9	-0.17		-0.33	0.5	0.85	-0.62	MVST
ESGL	-0.01	-0.64	0.0	-0.44	0.1	-0.33		-0.17	-0.16	0.28	ESGL
TBI	0.59	0.38	0.0	0.5	0.11	0.5	-0.17		0.53	-0.11	TBI
SRFM	0.7	0.17	0.0	0.68	0.02	0.85	-0.16	0.53		-0.22	SRFM
ISSC	0.3	-0.61	0.0	-0.77	0.51	-0.62	0.28	-0.11	-0.22		ISSC
	FORR	ROMA	GLCP	BLNK	FCEL	MVST	ESGL	TBI	SRFM	ISSC

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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

MVST	+ 0.9	BLNK
SRFM	+ 0.85	MVST
SRFM	+ 0.7	FORR
SRFM	+ 0.68	BLNK
BLNK	+ 0.66	ROMA
TBI	+ 0.59	FORR

High negative correlations

ISSC	- 0.77	BLNK
ESGL	- 0.64	ROMA
ISSC	- 0.62	MVST
ISSC	- 0.61	ROMA
ESGL	- 0.44	BLNK
FCEL	- 0.39	BLNK

Risk-Adjusted Indicators

There is a big difference between Resources Stock performing well and Resources Connection 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 Resources Connection'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
FORR	2.23	(0.30)	0.00	(0.23)	0.00	0.00	3.17	(4.40)	13.37
ROMA	6.78	1.01	0.16	0.34	6.44	(10.04)	29.11	(9.26)	76.33
GLCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLNK	4.61	(1.12)	0.00	(0.43)	0.00	0.00	10.45	(8.33)	29.41
FCEL	4.79	0.35	0.08	0.23	5.21	(5.44)	12.26	(9.07)	35.51
MVST	3.44	(1.02)	0.00	(1.06)	0.00	0.00	6.02	(8.87)	18.37
ESGL	0.61	(0.18)	0.00	(5.60)	0.00	0.00	1.33	(2.11)	6.10
TBI	2.70	(0.23)	0.00	(0.10)	0.00	0.00	5.89	(4.52)	24.96
SRFM	4.89	(1.00)	0.00	(0.24)	0.00	0.00	10.58	(7.98)	33.51
ISSC	3.50	1.05	0.35	0.69	2.51	(4.37)	9.75	(4.29)	36.02

Resources Connection Corporate Management

Jennifer Ryu	CFO VP	Profile
Katy Conway	Chief Officer	Profile
Joni Noel	VP Healthcare	Profile
Michael Allen	Vice Digital	Profile
Keith Golden	Chief Officer	Profile
Bhadreskumar Patel	Chief Officer	Profile

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