Republic Power Correlations
| RPGL Stock | 0.27 0.01 3.57% |
The current 90-days correlation between Republic Power Group and NETCLASS TECHNOLOGY INC is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Republic Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Republic Power Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Republic Power Correlation With Market
Weak diversification
The correlation between Republic Power Group 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 Republic Power Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Republic Stock
| 0.61 | BE | Bloom Energy Corp Aggressive Push | PairCorr |
Moving against Republic Stock
| 0.44 | AMTM | Amentum Holdings | PairCorr |
| 0.4 | KSPI | Joint Stock | PairCorr |
| 0.37 | CHYM | Chime Financial, Class | PairCorr |
| 0.36 | KVYO | Klaviyo, | PairCorr |
| 0.44 | COCO | Vita Coco | PairCorr |
| 0.42 | DLMAF | Dollarama | PairCorr |
| 0.32 | GS | Goldman Sachs Group | PairCorr |
| 0.39 | WNEB | Western New England | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Republic Stock performing well and Republic Power 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 Republic Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTCL | 4.49 | (1.10) | 0.00 | 1.16 | 0.00 | 6.31 | 62.86 | |||
| NXPL | 3.88 | (0.42) | 0.00 | (0.12) | 0.00 | 8.33 | 28.43 | |||
| SAGT | 3.73 | (0.18) | 0.00 | (0.04) | 0.00 | 5.58 | 29.68 | |||
| RMSG | 5.11 | (0.65) | 0.00 | (3.11) | 0.00 | 10.13 | 65.55 | |||
| VEEA | 6.39 | 0.14 | 0.05 | 0.10 | 6.97 | 15.71 | 34.36 | |||
| UTSI | 1.95 | 0.15 | 0.02 | (0.92) | 2.68 | 4.18 | 16.50 | |||
| MNDO | 1.49 | (0.04) | 0.00 | (0.60) | 0.00 | 5.77 | 14.13 | |||
| CLPS | 3.90 | 0.03 | 0.00 | 0.04 | 0.00 | 12.24 | 59.69 | |||
| AIFF | 3.71 | (1.51) | 0.00 | (0.52) | 0.00 | 5.45 | 18.56 | |||
| NVNI | 6.60 | (1.74) | 0.00 | (0.48) | 0.00 | 13.28 | 66.03 |
Republic Power Corporate Executives
Elected by the shareholders, the Republic Power's board of directors comprises two types of representatives: Republic Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Republic. The board's role is to monitor Republic Power's management team and ensure that shareholders' interests are well served. Republic Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Republic Power's outside directors are responsible for providing unbiased perspectives on the board's policies.