ReposiTrak Correlations

TRAK Stock

22.98 0.13 0.57%

The current 90-days correlation between ReposiTrak and Newpark Resources is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ReposiTrak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ReposiTrak moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ReposiTrak Correlation With Market

Modest diversification

The correlation between ReposiTrak and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ReposiTrak and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ReposiTrak. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy ReposiTrak Stock please use our How to buy in ReposiTrak Stock guide.

Moving together with ReposiTrak Stock

0.87	DJCO	Daily Journal Corp	Pair Corr
0.86	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.69	BL	Blackline	Pair Corr
0.72	DV	DoubleVerify Holdings	Pair Corr
0.78	EB	Eventbrite Class A	Pair Corr
0.8	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.92	ML	MoneyLion	Pair Corr
0.72	PD	Pagerduty	Pair Corr
0.87	WK	Workiva	Pair Corr
0.8	ZM	Zoom Video Communications	Pair Corr
0.77	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.81	DOMO	Domo Inc	Pair Corr
0.85	VERX	Vertex	Pair Corr
0.84	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.65	DTRK	DATATRAK International	Pair Corr
0.69	DUOL	Duolingo	Pair Corr
0.71	DUOT	Duos Technologies	Pair Corr
0.81	VMEO	Vimeo Inc	Pair Corr
0.85	EGHT	8x8 Common Stock	Pair Corr
0.71	ENFN	Enfusion	Pair Corr
0.61	WDAY	Workday	Pair Corr
0.61	WFCF	Where Food Comes	Pair Corr

Moving against ReposiTrak Stock

0.75	VTEX	VTEX	Pair Corr
0.45	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.73	XELAP	Exela Technologies	Pair Corr
0.63	BMR	Beamr Imaging Tech Boost	Pair Corr
0.6	SBIGW	SpringBig Holdings	Pair Corr
0.59	EVOL	Evolving Systems	Pair Corr
0.55	ETWO	E2open Parent Holdings	Pair Corr
0.51	EZFL	EzFill Holdings	Pair Corr
0.47	ELCO	Elcom International	Pair Corr
0.36	WALDW	Waldencast Acquisition	Pair Corr
0.33	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	PMNXF	RBC	J	NR	WHTGF	CHX	SSD	CECO
PMNXF		-0.18	0.49	-0.36	0.0	-0.03	0.33	-0.24	PMNXF
RBC	-0.18		0.32	0.56	0.0	0.39	0.2	0.59	RBC
J	0.49	0.32		-0.18	0.0	0.35	0.36	-0.18	J
NR	-0.36	0.56	-0.18		0.0	0.37	0.02	0.62	NR
WHTGF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WHTGF
CHX	-0.03	0.39	0.35	0.37	0.0		0.66	0.41	CHX
SSD	0.33	0.2	0.36	0.02	0.0	0.66		0.34	SSD
CECO	-0.24	0.59	-0.18	0.62	0.0	0.41	0.34		CECO
	PMNXF	RBC	J	NR	WHTGF	CHX	SSD	CECO

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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

SSD	+ 0.66	CHX
CECO	+ 0.62	NR
CECO	+ 0.59	RBC
NR	+ 0.56	RBC
J	+ 0.49	PMNXF
CECO	+ 0.41	CHX

High negative correlations

NR	- 0.36	PMNXF
CECO	- 0.24	PMNXF
CECO	- 0.18	J
NR	- 0.18	J
RBC	- 0.18	PMNXF
CHX	- 0.03	PMNXF

Risk-Adjusted Indicators

There is a big difference between ReposiTrak Stock performing well and ReposiTrak 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 ReposiTrak'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
PMNXF	2.43	(0.05)	(0.02)	0.07	3.31	(2.57)	6.32	(5.45)	20.57
RBC	1.05	0.01	0.06	0.13	0.99	(1.19)	2.12	(1.98)	11.43
J	1.08	0.05	0.04	0.17	1.62	(1.09)	2.41	(1.97)	9.97
NR	1.76	(0.22)	(0.04)	0.02	2.13	(1.87)	3.73	(3.89)	13.55
WHTGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHX	1.38	(0.17)	(0.06)	0.01	1.78	(1.50)	2.87	(3.32)	11.10
SSD	1.31	(0.07)	(0.03)	0.06	1.94	(1.25)	3.11	(3.23)	11.18
CECO	2.49	(0.03)	0.04	0.11	3.27	(2.75)	4.73	(3.36)	18.98

ReposiTrak Corporate Management

Joe Meherg	Senior Sales	Profile
Derek Hannum	Chief Officer	Profile
Edward Clissold	General Secretary	Profile
John Merrill	Chief Officer	Profile
Jozef Jamrich	Chief Officer	Profile
Rob Fink	Investor Professional	Profile

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