Radiant Logistics Correlations

RLGT Stock

USD 7.20 0.06 0.84%

The current 90-days correlation between Radiant Logistics and Singapore Post Ltd is -0.18 (i.e., Good 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

Very poor diversification

The correlation between Radiant Logistics and DJI is 0.83 (i.e., Very 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 price.

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	EXPD	Expeditors International	Pair Corr
0.84	FDX	FedEx	Pair Corr
0.84	UPS	United Parcel Service	Pair Corr
0.85	XPO	XPO Logistics Earnings Call Tomorrow	Pair Corr
0.78	UPAB	United Parcel Service	Pair Corr
0.88	ZTO	ZTO Express	Pair Corr
0.71	NCEW	New Century Logistics	Pair Corr
0.66	NRSA	NTG Nordic Transport	Pair Corr
0.67	CJT	Cargojet	Pair Corr
0.75	CHRW	CH Robinson Worldwide	Pair Corr
0.64	I9V	TITANIUM TRANSPORTGROUP	Pair Corr
0.67	THO	Thor Industries	Pair Corr
0.62	RCKY	Rocky Brands	Pair Corr
0.8	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.77	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.9	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.7	AROC	Archrock Symbol Change	Pair Corr
0.77	ANDE	Andersons	Pair Corr
0.9	FIBK	First Interstate Ban	Pair Corr
0.66	PGEZF	Group Ten Metals	Pair Corr

Moving against Radiant Stock

0.82	HKPD	Hong Kong Pharma	Pair Corr
0.63	CJMB	Callan JMB Common	Pair Corr
0.55	AIRT	Air T Inc	Pair Corr
0.39	ATXG	Addentax Group Corp	Pair Corr
0.37	FLX	BingEx	Pair Corr
0.5	BKLRF	Berkeley Energy	Pair Corr
0.69	BROGF	BROGF	Pair Corr
0.55	POFCY	Petrofac ADR	Pair Corr
0.32	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF
GSFP		-0.39	-0.24	-0.47	0.68	0.73	-0.87	0.63	-0.9	0.65	GSFP
PXGYF	-0.39		0.4	0.41	-0.59	-0.45	0.51	-0.31	0.42	-0.71	PXGYF
SPSTY	-0.24	0.4		0.23	-0.19	-0.08	0.21	-0.22	0.13	-0.19	SPSTY
MKDW	-0.47	0.41	0.23		-0.3	-0.18	0.72	-0.15	0.41	-0.35	MKDW
SPSTF	0.68	-0.59	-0.19	-0.3		0.87	-0.63	0.45	-0.66	0.72	SPSTF
CAPR	0.73	-0.45	-0.08	-0.18	0.87		-0.61	0.53	-0.72	0.7	CAPR
LPSN	-0.87	0.51	0.21	0.72	-0.63	-0.61		-0.48	0.78	-0.66	LPSN
EVTC	0.63	-0.31	-0.22	-0.15	0.45	0.53	-0.48		-0.58	0.46	EVTC
SKLTY	-0.9	0.42	0.13	0.41	-0.66	-0.72	0.78	-0.58		-0.68	SKLTY
WEGOF	0.65	-0.71	-0.19	-0.35	0.72	0.7	-0.66	0.46	-0.68		WEGOF
	GSFP	PXGYF	SPSTY	MKDW	SPSTF	CAPR	LPSN	EVTC	SKLTY	WEGOF

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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

CAPR	+ 0.87	SPSTF
SKLTY	+ 0.78	LPSN
CAPR	+ 0.73	GSFP
LPSN	+ 0.72	MKDW
WEGOF	+ 0.72	SPSTF
WEGOF	+ 0.7	CAPR

High negative correlations

SKLTY	- 0.9	GSFP
LPSN	- 0.87	GSFP
SKLTY	- 0.72	CAPR
WEGOF	- 0.71	PXGYF
WEGOF	- 0.68	SKLTY
WEGOF	- 0.66	LPSN

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
GSFP	0.55	0.18	0.22	1.77	0.33	(0.68)	1.27	(1.10)	3.10
PXGYF	1.60	(0.11)	0.00	(0.10)	0.00	0.00	4.92	(6.15)	14.79
SPSTY	1.18	(0.03)	0.00	0.10	0.00	0.00	3.41	(3.49)	16.23
MKDW	4.02	(1.08)	0.00	(0.74)	0.00	0.00	7.84	(8.97)	36.75
SPSTF	0.40	0.10	0.00	3.77	0.00	0.00	0.00	0.00	12.92
CAPR	12.22	5.04	0.83	0.64	4.54	(15.73)	11.51	(10.26)	386.29
LPSN	3.66	(1.05)	0.00	(0.38)	0.00	0.00	5.56	(6.85)	25.36
EVTC	1.55	(0.09)	0.00	(0.02)	0.00	0.00	2.94	(3.16)	9.49
SKLTY	1.25	(0.31)	0.00	(2.32)	0.00	0.00	2.18	(2.93)	9.41
WEGOF	1.78	0.62	0.00	(0.91)	0.00	0.00	0.00	0.00	78.98

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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