RPC Correlations

RES Stock

USD 5.36 0.02 0.37%

The current 90-days correlation between RPC Inc and Bristow Group is 0.61 (i.e., Poor diversification). The correlation of RPC 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.

RPC Correlation With Market

Average diversification

The correlation between RPC Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPC Inc 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 RPC Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with RPC Stock

0.72	TS	Tenaris SA ADR	Pair Corr
0.62	VTOL	Bristow Group	Pair Corr
0.81	EFXT	Enerflex	Pair Corr
0.65	WFRD	Weatherford International	Pair Corr
0.78	WTTR	Select Energy Services	Pair Corr
0.82	CLB	Core Laboratories	Pair Corr
0.68	DTI	Drilling Tools Inter	Pair Corr
0.87	FTI	TechnipFMC PLC	Pair Corr
0.76	HAL	Halliburton	Pair Corr
0.79	KGS	Kodiak Gas Services,	Pair Corr
0.67	LSE	Leishen Energy Holding	Pair Corr
0.86	MRC	MRC Global	Pair Corr
0.85	NGS	Natural Gas Services	Pair Corr
0.78	OII	Oceaneering International	Pair Corr
0.76	OIS	Oil States International	Pair Corr
0.88	XPRO	Expro Group Holdings	Pair Corr
0.77	SND	Smart Sand	Pair Corr
0.81	TDW	Tidewater	Pair Corr
0.85	TTI	Tetra Technologies	Pair Corr
0.9	VAL	Valaris	Pair Corr
0.81	WHD	Cactus Inc	Pair Corr
0.87	KLXE	KLX Energy Services	Pair Corr
0.87	LBRT	Liberty Oilfield Services	Pair Corr
0.63	NESRW	National Energy Services	Pair Corr
0.65	NCSM	NCS Multistage Holdings Upward Rally	Pair Corr
0.75	NESR	National Energy Services	Pair Corr
0.69	NEXT	Nextdecade Corp	Pair Corr

Related Correlations Analysis

	VTOL	CHX	NEX	RNGR	NOV	OII	WHD	DNOW	OIS
VTOL		0.47	0.0	0.79	0.71	0.59	0.66	0.25	0.78	VTOL
CHX	0.47		0.0	0.7	0.57	-0.05	0.15	0.64	0.66	CHX
NEX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NEX
RNGR	0.79	0.7	0.0		0.65	0.39	0.55	0.44	0.82	RNGR
NOV	0.71	0.57	0.0	0.65		0.37	0.47	0.29	0.6	NOV
OII	0.59	-0.05	0.0	0.39	0.37		0.92	-0.39	0.51	OII
WHD	0.66	0.15	0.0	0.55	0.47	0.92		-0.14	0.57	WHD
DNOW	0.25	0.64	0.0	0.44	0.29	-0.39	-0.14		0.15	DNOW
OIS	0.78	0.66	0.0	0.82	0.6	0.51	0.57	0.15		OIS
	VTOL	CHX	NEX	RNGR	NOV	OII	WHD	DNOW	OIS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WHD	+ 0.92	OII
OIS	+ 0.82	RNGR
RNGR	+ 0.79	VTOL
OIS	+ 0.78	VTOL
NOV	+ 0.71	VTOL
RNGR	+ 0.7	CHX

High negative correlations

DNOW	- 0.39	OII
DNOW	- 0.14	WHD
OII	- 0.05	CHX
OIS	- 0.0	NEX
DNOW	- 0.0	NEX
WHD	- 0.0	NEX

Risk-Adjusted Indicators

There is a big difference between RPC Stock performing well and RPC 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 RPC'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
VTOL	1.59	(0.06)	0.00	(0.20)	0.00	0.00	3.74	(3.16)	16.97
CHX	1.52	0.15	0.07	0.04	2.02	(1.53)	3.06	(3.09)	12.12
NEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNGR	1.74	(0.03)	0.00	(0.14)	0.00	0.00	3.34	(3.47)	11.28
NOV	1.49	0.06	0.00	(0.04)	0.00	0.00	2.73	(3.67)	18.44
OII	1.84	(0.32)	0.00	(0.42)	0.00	0.00	2.97	(4.06)	10.81
WHD	1.59	(0.40)	0.00	(0.50)	0.00	0.00	2.72	(3.97)	13.49
DNOW	1.89	0.20	0.08	0.06	2.18	(2.09)	2.70	(3.44)	25.53
OIS	2.10	0.08	0.00	(0.04)	0.00	0.00	4.32	(5.19)	17.27

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