Rekor Systems Correlations

REKR Stock

USD 1.04 0.05 4.59%

The current 90-days correlation between Rekor Systems and Aurora Mobile is -0.03 (i.e., Good diversification). The correlation of Rekor Systems 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.

Rekor Systems Correlation With Market

Significant diversification

The correlation between Rekor Systems and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rekor Systems 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 Rekor Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Rekor Stock, please use our How to Invest in Rekor Systems guide.

Moving together with Rekor Stock

0.64	BB	BlackBerry	Pair Corr
0.81	VERI	Veritone	Pair Corr
0.66	LIDRW	AEye Inc	Pair Corr

Moving against Rekor Stock

0.57	EVTC	Evertec	Pair Corr
0.51	FMTO	Femto Technologies Symbol Change	Pair Corr
0.46	GEN	Gen Digital	Pair Corr
0.38	MQ	Marqeta	Pair Corr
0.37	NN	Nextnav Acquisition Corp	Pair Corr
0.34	TCX	Tucows Inc	Pair Corr

Related Correlations Analysis

	WEJOW	JG	ARQQ	BLIN	RPAY	NTCT	MRDB	EVTC	MLGO	PRTH
WEJOW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WEJOW
JG	0.0		-0.64	0.02	-0.33	0.46	0.0	0.19	0.16	0.15	JG
ARQQ	0.0	-0.64		0.15	0.59	-0.22	0.0	-0.22	-0.23	0.33	ARQQ
BLIN	0.0	0.02	0.15		0.15	0.45	0.0	-0.66	-0.58	0.39	BLIN
RPAY	0.0	-0.33	0.59	0.15		0.36	0.0	-0.41	-0.48	0.5	RPAY
NTCT	0.0	0.46	-0.22	0.45	0.36		0.0	-0.44	-0.46	0.48	NTCT
MRDB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MRDB
EVTC	0.0	0.19	-0.22	-0.66	-0.41	-0.44	0.0		0.61	-0.27	EVTC
MLGO	0.0	0.16	-0.23	-0.58	-0.48	-0.46	0.0	0.61		-0.21	MLGO
PRTH	0.0	0.15	0.33	0.39	0.5	0.48	0.0	-0.27	-0.21		PRTH
	WEJOW	JG	ARQQ	BLIN	RPAY	NTCT	MRDB	EVTC	MLGO	PRTH

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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

MLGO	+ 0.61	EVTC
RPAY	+ 0.59	ARQQ
PRTH	+ 0.5	RPAY
PRTH	+ 0.48	NTCT
NTCT	+ 0.46	JG
NTCT	+ 0.45	BLIN

High negative correlations

EVTC	- 0.66	BLIN
ARQQ	- 0.64	JG
MLGO	- 0.58	BLIN
MLGO	- 0.48	RPAY
MLGO	- 0.46	NTCT
EVTC	- 0.44	NTCT

Risk-Adjusted Indicators

There is a big difference between Rekor Stock performing well and Rekor Systems 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 Rekor Systems' 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
WEJOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JG	8.55	1.77	0.23	0.97	6.81	(14.33)	18.38	(9.95)	167.07
ARQQ	8.14	0.04	0.02	(0.36)	9.59	(10.39)	15.65	(12.37)	81.53
BLIN	5.41	0.40	0.08	(7.44)	5.96	(6.57)	11.88	(10.07)	45.75
RPAY	1.49	(0.37)	0.00	(0.41)	0.00	0.00	2.05	(3.33)	18.72
NTCT	1.48	0.03	0.00	(0.08)	0.00	0.00	2.20	(3.31)	16.99
MRDB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.24	0.11	0.11	0.11	1.37	(1.47)	2.06	(1.85)	18.49
MLGO	17.57	3.60	0.64	(0.36)	7.31	(36.05)	20.39	(12.50)	481.35
PRTH	4.25	(0.02)	0.00	(0.13)	0.00	0.00	7.33	(11.78)	33.24

Rekor Systems Corporate Management

Bulent CFA	Director Relations	Profile
Scott Rutherford	Chief Officer	Profile
Christopher Kadoch	Chief Officer	Profile
Mathew Hill	Chief Officer	Profile
Charles Degliomini	Executive Communications	Profile
Debra ShakerdgeHennessy	Chief Officer	Profile

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