Roadrunner Transportation Correlations
| RRTS Stock | USD 2.77 0.11 3.82% |
The current 90-days correlation between Roadrunner Transportation and Pricer AB is 0.03 (i.e., Significant diversification). The correlation of Roadrunner Transportation 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.
Roadrunner Transportation Correlation With Market
Average diversification
The correlation between Roadrunner Transportation Syst and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roadrunner Transportation Syst and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Roadrunner Transportation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roadrunner Transportation 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 Roadrunner Transportation - 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 Roadrunner Transportation Systems to buy it.
Moving together with Roadrunner Pink Sheet
| 0.73 | RGC | Regencell Bioscience | PairCorr |
| 0.62 | AAL | American Airlines | PairCorr |
| 0.87 | ASTI | Ascent Solar Technol Tech Boost | PairCorr |
| 0.79 | ALVLF | Big Ridge Gold | PairCorr |
| 0.72 | ZPTA | Zapata Computing Holdings Buyout Trend | PairCorr |
| 0.9 | GWW | WW Grainger | PairCorr |
| 0.61 | BLMC | Biloxi Marsh Lands | PairCorr |
| 0.75 | TSLA | Tesla Inc | PairCorr |
| 0.66 | NOEM | CO2 Energy Transition | PairCorr |
| 0.62 | AVTBF | Avant Brands | PairCorr |
Moving against Roadrunner Pink Sheet
| 0.53 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.5 | CYPS | Cyclo3pss | PairCorr |
| 0.36 | BKRKY | Bank Rakyat | PairCorr |
| 0.31 | PBCRF | PT Bank Central | PairCorr |
| 0.57 | EFTR | Effector Therapeutics | PairCorr |
| 0.55 | 12532HAF1 | GIBACN 23 14 | 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
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Risk-Adjusted Indicators
There is a big difference between Roadrunner Pink Sheet performing well and Roadrunner Transportation 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 Roadrunner Transportation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HPURF | 1.11 | (0.59) | 0.00 | (3.82) | 0.00 | 0.00 | 27.78 | |||
| PCRBF | 0.67 | (0.41) | 0.00 | (0.44) | 0.00 | 0.00 | 22.45 | |||
| KMNCF | 0.31 | (0.18) | 0.00 | (0.94) | 0.00 | 0.00 | 10.26 | |||
| PGWFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UNXP | 1.66 | (0.53) | 0.00 | (0.54) | 0.00 | 0.00 | 58.41 | |||
| ONMBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BURCA | 1.42 | 0.09 | 0.02 | 0.45 | 1.83 | 3.43 | 8.49 | |||
| RSKIA | 0.87 | (0.05) | 0.00 | 0.66 | 0.00 | 1.94 | 11.09 | |||
| ICBT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Roadrunner Transportation Corporate Management
| Nicholas Gavalick | Controller | Profile | |
| Jack Korslin | Chief Officer | Profile | |
| Chelsea Mitchell | Director Communications | Profile | |
| Robert Milane | Chief Compliance Officer, General Counsel | Profile | |
| Micah Holst | Chief Logistics | Profile |