RCM Technologies Correlations

RCMT Stock

USD 21.88 0.09 0.41%

The current 90-days correlation between RCM Technologies and Mammoth Energy Services is -0.04 (i.e., Good diversification). The correlation of RCM Technologies 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.

RCM Technologies Correlation With Market

Weak diversification

The correlation between RCM Technologies and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCM Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RCM Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy RCM Stock please use our How to Invest in RCM Technologies guide.

Moving together with RCM Stock

0.74	G	Genpact Limited	Pair Corr
0.71	BR	Broadridge Financial	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.86	LZ	LegalZoom	Pair Corr
0.65	NL	NL Industries	Pair Corr
0.72	SQ	Block Inc	Pair Corr
0.78	WM	Waste Management	Pair Corr
0.76	DRVN	Driven Brands Holdings	Pair Corr
0.79	VRSK	Verisk Analytics	Pair Corr
0.85	VSEC	VSE Corporation	Pair Corr
0.65	EEFT	Euronet Worldwide	Pair Corr
0.85	EXLS	ExlService Holdings	Pair Corr
0.84	ABM	ABM Industries	Pair Corr
0.67	AWX	Avalon Holdings	Pair Corr
0.7	AXR	AMREP	Pair Corr
0.67	BTM	Bitcoin Depot	Pair Corr
0.74	CBZ	CBIZ Inc	Pair Corr
0.64	FOUR	Shift4 Payments	Pair Corr
0.77	CXW	CoreCivic	Pair Corr
0.75	DLX	Deluxe	Pair Corr
0.73	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against RCM Stock

0.77	VCIG	VCI Global Limited	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.57	ESGL	ESGL Holdings Limited	Pair Corr
0.57	EXPO	Exponent	Pair Corr
0.52	FC	Franklin Covey	Pair Corr
0.52	VLTO	Veralto	Pair Corr
0.4	DLHC	DLH Holdings Corp	Pair Corr
0.38	WHLM	Wilhelmina	Pair Corr
0.66	BCO	Brinks Company	Pair Corr
0.65	FCN	FTI Consulting	Pair Corr
0.6	EFX	Equifax	Pair Corr
0.5	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP
MATW		-0.77	0.84	0.59	0.87	0.82	-0.8	0.56	-0.52	-0.57	MATW
TUSK	-0.77		-0.68	-0.37	-0.86	-0.83	0.74	-0.41	0.55	0.75	TUSK
GFF	0.84	-0.68		0.59	0.86	0.71	-0.84	0.76	-0.38	-0.34	GFF
SPLP	0.59	-0.37	0.59		0.51	0.43	-0.54	0.4	-0.19	-0.28	SPLP
CODI	0.87	-0.86	0.86	0.51		0.84	-0.8	0.68	-0.45	-0.53	CODI
SPLP-PA	0.82	-0.83	0.71	0.43	0.84		-0.77	0.55	-0.74	-0.67	SPLP-PA
CODI-PA	-0.8	0.74	-0.84	-0.54	-0.8	-0.77		-0.56	0.58	0.52	CODI-PA
BBU	0.56	-0.41	0.76	0.4	0.68	0.55	-0.56		-0.12	0.03	BBU
TRC	-0.52	0.55	-0.38	-0.19	-0.45	-0.74	0.58	-0.12		0.71	TRC
FIP	-0.57	0.75	-0.34	-0.28	-0.53	-0.67	0.52	0.03	0.71		FIP
	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP

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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

CODI	+ 0.87	MATW
CODI	+ 0.86	GFF
GFF	+ 0.84	MATW
SPLP-PA	+ 0.84	CODI
SPLP-PA	+ 0.82	MATW
BBU	+ 0.76	GFF

High negative correlations

CODI	- 0.86	TUSK
CODI-PA	- 0.84	GFF
SPLP-PA	- 0.83	TUSK
CODI-PA	- 0.8	CODI
CODI-PA	- 0.8	MATW
CODI-PA	- 0.77	SPLP-PA

Risk-Adjusted Indicators

There is a big difference between RCM Stock performing well and RCM Technologies 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 RCM Technologies' 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
MATW	1.94	0.20	0.10	0.12	2.00	(2.38)	4.21	(3.74)	26.99
TUSK	2.25	(0.43)	0.00	(0.33)	0.00	0.00	6.63	(4.49)	25.08
GFF	1.72	0.06	0.04	0.06	1.91	(1.99)	3.03	(3.57)	22.89
SPLP	1.68	0.07	0.02	0.11	2.36	(2.51)	4.41	(3.70)	21.61
CODI	1.23	0.10	0.07	0.11	1.35	(1.29)	2.75	(1.79)	11.02
SPLP-PA	0.13	0.01	(0.05)	0.32	0.05	(0.18)	0.38	(0.21)	1.48
CODI-PA	0.43	(0.11)	0.00	(0.77)	0.00	0.00	1.05	(0.81)	3.79
BBU	1.54	0.02	0.01	0.04	1.77	(1.59)	3.19	(2.63)	9.17
TRC	1.27	(0.31)	0.00	(0.20)	0.00	0.00	2.85	(3.12)	14.35
FIP	2.07	(0.37)	0.00	(0.17)	0.00	0.00	4.52	(5.28)	16.59

RCM Technologies Corporate Management

Michael Saks	Sr. VP and General Manager of Health Care Services Division	Profile
Christine Ciocca	Executive Defense	Profile
Peter Grossman	Senior Division	Profile
Christopher Giunta	Sr VP	Profile
William Gargano	Group Services	Profile

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