RCM Technologies Correlations

RCMT Stock

USD 22.88 0.25 1.08%

The current 90-days correlation between RCM Technologies and Mammoth Energy Services is 0.03 (i.e., Significant 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 0.35 (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

0.86	LZ	LegalZoom	Pair Corr
0.66	VRSK	Verisk Analytics	Pair Corr
0.73	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.81	HURN	Huron Consulting	Pair Corr
0.75	INOD	Innodata Buyout Trend	Pair Corr
0.76	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.88	CRAI	CRA International	Pair Corr
0.82	CTAS	Cintas	Pair Corr
0.8	B	Barnes Group	Pair Corr
0.84	J	Jacobs Solutions	Pair Corr
0.83	R	Ryder System	Pair Corr
0.72	DIST	Distoken Acquisition	Pair Corr
0.69	AL	Air Lease	Pair Corr
0.83	AZ	A2Z Smart Technologies	Pair Corr
0.89	BV	BrightView Holdings	Pair Corr
0.64	BW	Babcock Wilcox Enter	Pair Corr

Moving against RCM Stock

0.74	WHLM	Wilhelmina	Pair Corr
0.72	EFX	Equifax	Pair Corr
0.64	FCN	FTI Consulting	Pair Corr
0.64	CVEO	Civeo Corp	Pair Corr
0.56	RGP	Resources Connection	Pair Corr
0.49	FORR	Forrester Research	Pair Corr
0.41	EXPO	Exponent	Pair Corr
0.32	PFMT	Performant Financial	Pair Corr
0.31	MMS	Maximus	Pair Corr
0.76	CP	Canadian Pacific Railway	Pair Corr
0.58	MG	Mistras Group	Pair Corr
0.57	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.37	FA	First Advantage Corp	Pair Corr
0.33	HY	Hyster Yale Materials	Pair Corr

Related Correlations Analysis

	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP
MATW		-0.57	0.69	0.31	0.67	0.21	-0.47	0.32	-0.15	-0.23	MATW
TUSK	-0.57		-0.4	-0.02	-0.49	-0.03	0.2	-0.03	0.03	0.48	TUSK
GFF	0.69	-0.4		0.46	0.84	0.59	-0.88	0.75	-0.32	-0.1	GFF
SPLP	0.31	-0.02	0.46		0.28	0.31	-0.37	0.36	0.02	-0.04	SPLP
CODI	0.67	-0.49	0.84	0.28		0.61	-0.73	0.77	-0.29	-0.07	CODI
SPLP-PA	0.21	-0.03	0.59	0.31	0.61		-0.73	0.87	-0.61	-0.18	SPLP-PA
CODI-PA	-0.47	0.2	-0.88	-0.37	-0.73	-0.73		-0.82	0.5	0.04	CODI-PA
BBU	0.32	-0.03	0.75	0.36	0.77	0.87	-0.82		-0.42	0.06	BBU
TRC	-0.15	0.03	-0.32	0.02	-0.29	-0.61	0.5	-0.42		0.47	TRC
FIP	-0.23	0.48	-0.1	-0.04	-0.07	-0.18	0.04	0.06	0.47		FIP
	MATW	TUSK	GFF	SPLP	CODI	SPLP-PA	CODI-PA	BBU	TRC	FIP

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

BBU	+ 0.87	SPLP-PA
CODI	+ 0.84	GFF
BBU	+ 0.77	CODI
BBU	+ 0.75	GFF
GFF	+ 0.69	MATW
CODI	+ 0.67	MATW

High negative correlations

CODI-PA	- 0.88	GFF
BBU	- 0.82	CODI-PA
CODI-PA	- 0.73	SPLP-PA
CODI-PA	- 0.73	CODI
TRC	- 0.61	SPLP-PA
TUSK	- 0.57	MATW

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	1.85	0.04	0.08	0.15	1.87	(2.27)	3.20	(3.75)	24.86
TUSK	2.30	(0.26)	0.00	(0.05)	0.00	0.00	6.63	(4.49)	25.08
GFF	1.73	0.21	0.14	0.25	1.72	(1.96)	3.14	(3.11)	22.84
SPLP	1.61	0.16	0.03	0.43	1.97	(2.34)	3.73	(3.66)	15.59
CODI	1.21	0.00	0.02	0.13	1.30	(1.27)	2.52	(1.94)	9.24
SPLP-PA	0.15	0.05	(0.33)	(16.75)	0.00	(0.20)	0.43	(0.21)	0.93
CODI-PA	0.34	(0.10)	0.00	1.36	0.00	0.00	0.71	(0.79)	2.36
BBU	1.53	0.25	0.15	0.37	1.39	(1.66)	3.19	(2.48)	8.49
TRC	1.33	(0.35)	0.00	(0.08)	0.00	0.00	2.60	(3.12)	14.35
FIP	2.29	(0.38)	0.00	(0.04)	0.00	0.00	4.65	(5.52)	15.65

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

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