DRQ Old Correlations

Summary

DRQDelisted Stock

USD 15.88 0.43 2.78%

The current 90-days correlation between DRQ Old and MRC Global is 0.11 (i.e., Average diversification). The correlation of DRQ Old 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.

DRQ Old Correlation With Market

Significant diversification

The correlation between DRQ Old and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DRQ Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with DRQ Stock

0.83	VLCN	Volcon Inc	Pair Corr
0.79	AULT	AULT Old Symbol Change	Pair Corr
0.8	PSGTF	PT Semen Indonesia	Pair Corr
0.76	BPTS	Biophytis	Pair Corr
0.69	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against DRQ Stock

0.84	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.84	DIS	Walt Disney Sell-off Trend	Pair Corr
0.82	BKNG	Booking Holdings	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	AMKBY	AP Moeller Maersk	Pair Corr
0.69	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.68	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.67	BAC	Bank of America Aggressive Push	Pair Corr
0.38	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	MRC	NOV	SOI	RNGR	HLX	OII	NR	RES	OIS	FTI
MRC		0.44	0.52	0.81	0.51	0.91	0.04	0.11	0.89	0.79	MRC
NOV	0.44		-0.2	-0.02	0.85	0.57	-0.61	0.58	0.44	-0.05	NOV
SOI	0.52	-0.2		0.76	-0.27	0.41	0.23	-0.68	0.53	0.58	SOI
RNGR	0.81	-0.02	0.76		0.11	0.76	0.28	-0.31	0.8	0.89	RNGR
HLX	0.51	0.85	-0.27	0.11		0.62	-0.35	0.71	0.53	0.17	HLX
OII	0.91	0.57	0.41	0.76	0.62		-0.15	0.19	0.91	0.71	OII
NR	0.04	-0.61	0.23	0.28	-0.35	-0.15		-0.25	0.03	0.48	NR
RES	0.11	0.58	-0.68	-0.31	0.71	0.19	-0.25		0.14	-0.07	RES
OIS	0.89	0.44	0.53	0.8	0.53	0.91	0.03	0.14		0.8	OIS
FTI	0.79	-0.05	0.58	0.89	0.17	0.71	0.48	-0.07	0.8		FTI
	MRC	NOV	SOI	RNGR	HLX	OII	NR	RES	OIS	FTI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OII	+ 0.91	MRC
OIS	+ 0.91	OII
OIS	+ 0.89	MRC
FTI	+ 0.89	RNGR
HLX	+ 0.85	NOV
RNGR	+ 0.81	MRC

High negative correlations

RES	- 0.68	SOI
NR	- 0.61	NOV
NR	- 0.35	HLX
RES	- 0.31	RNGR
HLX	- 0.27	SOI
RES	- 0.25	NR

Risk-Adjusted Indicators

There is a big difference between DRQ Stock performing well and DRQ Old 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 DRQ Old'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
MRC	1.40	0.08	0.05	0.15	1.44	(1.74)	3.28	(2.51)	18.83
NOV	1.22	(0.13)	0.00	(0.39)	0.00	0.00	1.81	(2.54)	12.99
SOI	2.52	0.59	0.22	(1.27)	2.11	(3.13)	4.44	(4.19)	43.08
RNGR	1.40	0.46	0.24	0.63	1.52	(1.68)	3.98	(2.34)	11.52
HLX	1.74	(0.24)	0.00	(0.42)	0.00	0.00	3.45	(4.05)	13.22
OII	1.94	0.13	0.06	0.30	2.16	(2.14)	4.13	(3.85)	18.18
NR	1.76	0.02	0.00	(0.10)	2.10	(1.90)	3.73	(3.58)	14.86
RES	1.91	(0.08)	0.00	(0.10)	0.00	0.00	4.29	(4.21)	18.40
OIS	2.36	0.24	0.08	0.44	2.72	(2.55)	5.15	(4.37)	16.39
FTI	1.36	0.20	0.11	0.32	1.62	(1.46)	2.75	(3.21)	9.87

Delisting Warning - DRQ

DRQ Old was delisted

The entity DRQ Old with a symbol DRQ was delisted from NASDAQ Exchange. Please try Innovex International, with a symbol INVX from now on. Check all delisted instruments accross multiple markets.

Still Interested in DRQ Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC