Radiant Logistics Correlations

RLGT Stock

USD 7.42 0.06 0.82%

The current 90-days correlation between Radiant Logistics and Omega Flex is 0.38 (i.e., Weak diversification). The correlation of Radiant Logistics 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.

Radiant Logistics Correlation With Market

Poor diversification

The correlation between Radiant Logistics and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radiant Logistics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Radiant Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radiant Logistics. 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.

For more information on how to buy Radiant Stock please use our How to Invest in Radiant Logistics guide.

Moving together with Radiant Stock

0.82	DHL	Deutsche Post AG Earnings Call This Week	Pair Corr
0.95	3GT	RADIANT LOGISTICS	Pair Corr
0.83	HSP	Hargreaves Services Plc	Pair Corr
0.86	ZTOB	ZTO EXPRESS	Pair Corr
0.86	ZTOA	ZTO Express	Pair Corr
0.87	FDX	FedEx Sell-off Trend	Pair Corr
0.81	DPWA	DEUTSCHE POST SPONSADR Earnings Call This Week	Pair Corr
0.84	GXO	GXO Logistics	Pair Corr
0.61	FWRD	Forward Air	Pair Corr
0.88	UPS	United Parcel Service	Pair Corr
0.88	XPO	XPO Logistics	Pair Corr
0.84	UPAB	United Parcel Service	Pair Corr
0.88	ZTO	ZTO Express	Pair Corr
0.68	TTNM	Titanium Transportation	Pair Corr
0.83	JB1	JB Hunt Transport	Pair Corr
0.82	O3P	Österreichische Post	Pair Corr
0.63	TGHN	Logwin AG	Pair Corr
0.71	1CM	NIKKON HOLDINGS TD	Pair Corr
0.78	5CI	Logista	Pair Corr
0.65	PNL	PostNL NV	Pair Corr
0.85	FDX	FedEx	Pair Corr
0.76	13B	bpost NV Earnings Call This Week	Pair Corr
0.81	93N	GXO LOGISTICS INC	Pair Corr
0.82	DHL	Deutsche Post AG Earnings Call This Week	Pair Corr

Moving against Radiant Stock

0.75	JYD	Jayud Global Logistics	Pair Corr
0.61	GVH	Globavend Holdings	Pair Corr
0.56	S8G1	SUPER GROUP LTD	Pair Corr
0.39	FLX	BingEx	Pair Corr
0.52	HKPD	Hong Kong Pharma	Pair Corr
0.51	KYL	KERRY LOGNETWORK	Pair Corr
0.75	WJL	Webjet Group	Pair Corr
0.7	1YM	MARUWA UNYU KIKAN	Pair Corr
0.51	822	JD LOGISTICS DL Earnings Call This Week	Pair Corr

Related Correlations Analysis

	OFLX	CIX	QUAD	NL	FSTR	BNC	PKOH	MG	CVEO	PANL
OFLX		0.67	0.61	0.8	0.94	-0.82	0.9	0.91	0.95	0.84	OFLX
CIX	0.67		0.38	0.62	0.77	-0.64	0.59	0.68	0.67	0.52	CIX
QUAD	0.61	0.38		0.39	0.61	-0.51	0.68	0.61	0.59	0.61	QUAD
NL	0.8	0.62	0.39		0.79	-0.7	0.71	0.82	0.79	0.65	NL
FSTR	0.94	0.77	0.61	0.79		-0.84	0.88	0.89	0.93	0.84	FSTR
BNC	-0.82	-0.64	-0.51	-0.7	-0.84		-0.75	-0.8	-0.87	-0.83	BNC
PKOH	0.9	0.59	0.68	0.71	0.88	-0.75		0.75	0.92	0.82	PKOH
MG	0.91	0.68	0.61	0.82	0.89	-0.8	0.75		0.89	0.73	MG
CVEO	0.95	0.67	0.59	0.79	0.93	-0.87	0.92	0.89		0.85	CVEO
PANL	0.84	0.52	0.61	0.65	0.84	-0.83	0.82	0.73	0.85		PANL
	OFLX	CIX	QUAD	NL	FSTR	BNC	PKOH	MG	CVEO	PANL

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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

CVEO	+ 0.95	OFLX
FSTR	+ 0.94	OFLX
CVEO	+ 0.93	FSTR
CVEO	+ 0.92	PKOH
MG	+ 0.91	OFLX
PKOH	+ 0.9	OFLX

High negative correlations

CVEO	- 0.87	BNC
BNC	- 0.84	FSTR
PANL	- 0.83	BNC
BNC	- 0.82	OFLX
MG	- 0.8	BNC
PKOH	- 0.75	BNC

Risk-Adjusted Indicators

There is a big difference between Radiant Stock performing well and Radiant Logistics 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 Radiant Logistics' 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
OFLX	1.91	0.37	0.19	0.32	1.82	(2.32)	4.53	(3.44)	13.45
CIX	1.75	0.07	(0.01)	(0.48)	2.11	(2.13)	3.67	(4.00)	19.01
QUAD	1.63	0.29	0.11	0.31	2.28	(1.76)	3.87	(5.12)	11.30
NL	2.29	0.12	0.04	0.19	2.53	(2.57)	5.51	(4.35)	20.34
FSTR	1.51	0.12	0.08	0.18	1.56	(1.68)	3.52	(2.79)	11.66
BNC	4.44	(0.72)	0.00	(0.17)	0.00	0.00	9.58	(9.28)	35.96
PKOH	1.89	0.33	0.17	0.34	1.72	(2.13)	5.26	(3.57)	10.51
MG	1.54	0.31	0.18	0.34	1.41	(1.79)	3.85	(2.38)	8.75
CVEO	0.93	0.30	0.29	0.41	0.51	(1.12)	2.53	(1.38)	6.05
PANL	2.15	0.46	0.19	0.54	2.06	(2.55)	3.80	(3.95)	22.73

Radiant Logistics Corporate Management

Tim OBrien	Senior Forwarding	Profile
Harry Smit	Senior Canada	Profile
Randy Briggs	Senior Services	Profile
Jennifer Deenihan	Vice Communications	Profile
Christopher Brach	Senior Brokerage	Profile

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