Rollins Correlations

RLS Stock

EUR 52.20 0.02 0.04%

The current 90-days correlation between Rollins and Warner Music Group is -0.05 (i.e., Good diversification). The correlation of Rollins 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.

Rollins Correlation With Market

Weak diversification

The correlation between Rollins and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rollins and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rollins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rollins when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rollins - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rollins to buy it.

Moving together with Rollins Stock

0.64	WPOB	Graham Holdings	Pair Corr
0.65	SRB	Starbucks	Pair Corr
0.7	JJ1	JJ SNACK FOODS Earnings Call This Week	Pair Corr

Moving against Rollins Stock

0.54	HRB	HR Block Earnings Call This Week	Pair Corr
0.39	PCX	Paychex	Pair Corr
0.37	J2B	Experian plc	Pair Corr
0.34	9Y2	LABOCANNA SA ZY	Pair Corr
0.33	ZGY	Fidelity National	Pair Corr

Related Correlations Analysis

	T2K1	QV5	6GC	6IC	2LH	WA4	4C6
T2K1		-0.02	-0.15	-0.06	-0.11	-0.51	0.18	T2K1
QV5	-0.02		-0.2	0.46	-0.22	0.2	-0.13	QV5
6GC	-0.15	-0.2		-0.22	0.85	0.45	-0.27	6GC
6IC	-0.06	0.46	-0.22		-0.41	0.13	0.16	6IC
2LH	-0.11	-0.22	0.85	-0.41		0.35	-0.43	2LH
WA4	-0.51	0.2	0.45	0.13	0.35		-0.4	WA4
4C6	0.18	-0.13	-0.27	0.16	-0.43	-0.4		4C6
	T2K1	QV5	6GC	6IC	2LH	WA4	4C6

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

2LH	+ 0.85	6GC
6IC	+ 0.46	QV5
WA4	+ 0.45	6GC
WA4	+ 0.35	2LH
WA4	+ 0.2	QV5
4C6	+ 0.18	T2K1

High negative correlations

WA4	- 0.51	T2K1
4C6	- 0.43	2LH
2LH	- 0.41	6IC
4C6	- 0.4	WA4
4C6	- 0.27	6GC
6IC	- 0.22	6GC

Risk-Adjusted Indicators

There is a big difference between Rollins Stock performing well and Rollins 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 Rollins' 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
T2K1	3.39	0.72	0.21	7.21	2.79	(4.88)	5.51	(5.65)	51.95
QV5	2.98	0.25	0.04	(0.79)	3.62	(4.17)	6.92	(6.67)	22.51
6GC	1.15	(0.18)	0.00	0.80	0.00	0.00	1.98	(2.78)	8.49
6IC	2.08	0.21	0.06	(0.50)	2.70	(2.11)	4.81	(4.55)	14.07
2LH	2.06	(0.51)	0.00	(1.67)	0.00	0.00	4.59	(5.82)	15.43
WA4	1.30	(0.16)	0.00	0.49	0.00	0.00	3.01	(2.71)	9.69
4C6	1.94	0.07	0.00	0.42	2.93	(9.24)	9.09	(8.33)	19.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rollins without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Rollins Corporate Management

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

Elizabeth Chandler	Corporate Secretary	Profile
Freeman Elliott	Pres US	Profile
Thomas Tesh	Chief Officer	Profile
Steven Leavitt	Group Brands	Profile
Jerry Gahlhoff	COO Pres	Profile

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