Range Resources Correlations
| RRC Stock | USD 34.55 1.36 3.79% |
The correlation of Range Resources 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Range Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Range Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Range Resources Corp and NYA is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Range Resources Corp and NYA in the same portfolio, assuming nothing else is changed.
Range |
The ability to find closely correlated positions to Range Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Range Resources 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 Range Resources - 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 Range Resources Corp to buy it.
Moving together with Range Stock
| 0.98 | AR | Antero Resources Corp | PairCorr |
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| 0.92 | VIST | Vista Oil Gas | PairCorr |
| 0.95 | VTLE | Vital Energy Financial Report 14th of May 2024 | PairCorr |
| 0.87 | EPSN | Epsilon Energy | PairCorr |
| 0.95 | FANG | Diamondback Energy Financial Report 6th of May 2024 | PairCorr |
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| 0.68 | BRN | Barnwell Industries | PairCorr |
| 0.95 | BRY | Berry Petroleum Corp Downward Rally | PairCorr |
| 0.88 | BTE | Baytex Energy Corp Earnings Call This Week | PairCorr |
| 0.97 | CHK | Chesapeake Energy Corp Financial Report 7th of May 2024 | PairCorr |
| 0.94 | CNQ | Canadian Natural Res Earnings Call Today | PairCorr |
Moving against Range Stock
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Risk-Adjusted Indicators
There is a big difference between Range Stock performing well and Range Resources 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 Range Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHK | 1.02 | 0.19 | 0.15 | 0.28 | 0.91 | 2.33 | 10.23 | |||
| AR | 1.61 | 0.56 | 0.37 | 0.41 | 1.10 | 5.12 | 13.54 | |||
| EQT | 1.47 | 0.14 | 0.07 | 0.18 | 1.71 | 3.60 | 18.34 | |||
| CRK | 1.86 | 0.31 | 0.15 | 0.32 | 1.91 | 3.78 | 14.69 | |||
| PR | 1.13 | 0.27 | 0.16 | 0.27 | 1.33 | 2.97 | 7.15 | |||
| SWN | 1.03 | 0.17 | 0.13 | 0.23 | 0.98 | 2.46 | 9.14 | |||
| FANG | 1.01 | 0.37 | 0.31 | 0.47 | 0.72 | 1.65 | 11.14 | |||
| EOG | 0.97 | 0.17 | 0.11 | 0.27 | 1.25 | 1.93 | 6.82 | |||
| CTRA | 0.95 | 0.09 | 0.06 | 0.18 | 1.05 | 2.10 | 7.89 | |||
| MGY | 1.01 | 0.25 | 0.14 | 0.55 | 1.27 | 1.96 | 7.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Range Resources 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.Did you try this?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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Range Resources Corporate Directors
Range Resources corporate directors refer to members of a Range Resources board of directors. The board of directors generally takes responsibility for the Range Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Range Resources' board members must vote for the resolution. The Range Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Richard Eales | Lead Independent Director | Profile | |
| Jonathan Linker | Independent Director | Profile | |
| Robert Innamorati | Director | Profile | |
| Steven Gray | Independent Director | Profile |
Already Invested in Range Resources Corp?
The danger of trading Range Resources Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Range Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Range Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Range Resources Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Range Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Range Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Range Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Range Resources Corp Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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When running Range Resources' price analysis, check to measure Range Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Range Resources is operating at the current time. Most of Range Resources' value examination focuses on studying past and present price action to predict the probability of Range Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Range Resources' price. Additionally, you may evaluate how the addition of Range Resources to your portfolios can decrease your overall portfolio volatility.
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Is Range Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Range Resources. If investors know Range will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Range Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.81) | Dividend Share 0.32 | Earnings Share 2 | Revenue Per Share 8.452 | Quarterly Revenue Growth (0.46) |
The market value of Range Resources Corp is measured differently than its book value, which is the value of Range that is recorded on the company's balance sheet. Investors also form their own opinion of Range Resources' value that differs from its market value or its book value, called intrinsic value, which is Range Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Range Resources' market value can be influenced by many factors that don't directly affect Range Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Range Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Range Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Range Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.