Revolution Beauty Correlations

REVB Stock

11.25 0.10 0.90%

The current 90-days correlation between Revolution Beauty and Fevertree Drinks Plc is -0.04 (i.e., Good diversification). The correlation of Revolution Beauty 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.

Revolution Beauty Correlation With Market

Very good diversification

The correlation between Revolution Beauty Group and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Revolution Beauty Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Revolution Beauty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Revolution Beauty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Revolution Beauty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Revolution Beauty Group to buy it.

Moving against Revolution Stock

0.61	MRC	The Mercantile Investment	Pair Corr
0.59	PRU	Prudential plc	Pair Corr
0.56	BTRW	Barratt Redrow plc	Pair Corr
0.52	GGP	Greatland Gold plc	Pair Corr
0.5	0KDU	Overstock Earnings Call Tomorrow	Pair Corr
0.5	ARGO	Argo Group Limited	Pair Corr
0.49	ULVR	Unilever PLC	Pair Corr
0.46	MTRO	Metro Bank PLC	Pair Corr
0.45	JGGI	JP Morgan Global	Pair Corr
0.44	IHG	InterContinental Hotels Earnings Call Tomorrow	Pair Corr
0.43	RIO	Rio Tinto PLC	Pair Corr
0.39	BA	BAE Systems plc Earnings Call This Week	Pair Corr
0.35	0N4T	Nordea Bank Abp	Pair Corr
0.67	0LTG	Waste Management	Pair Corr
0.57	0JE5	American Shipping	Pair Corr
0.53	0R07	Pan American Silver Earnings Call This Week	Pair Corr
0.5	0R9K	Deutsche Pfandbriefbank	Pair Corr
0.47	MNKS	Monks Investment Trust	Pair Corr
0.45	0O1C	Thyssenkrupp AG ON	Pair Corr
0.43	BARC	Barclays PLC	Pair Corr
0.41	GAW	Games Workshop Group	Pair Corr
0.41	EDIN	Edinburgh Investment	Pair Corr
0.38	0NTM	Oesterr Post AG	Pair Corr

Related Correlations Analysis

	ABF	0IW3	DFIB	EGL	FEVR	0K34	0LHR	0H9X
ABF		-0.16	0.0	0.18	0.11	0.9	0.86	-0.66	ABF
0IW3	-0.16		0.0	0.34	0.06	-0.11	0.0	-0.12	0IW3
DFIB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DFIB
EGL	0.18	0.34	0.0		0.33	0.01	0.38	0.01	EGL
FEVR	0.11	0.06	0.0	0.33		-0.05	0.34	0.33	FEVR
0K34	0.9	-0.11	0.0	0.01	-0.05		0.75	-0.79	0K34
0LHR	0.86	0.0	0.0	0.38	0.34	0.75		-0.54	0LHR
0H9X	-0.66	-0.12	0.0	0.01	0.33	-0.79	-0.54		0H9X
	ABF	0IW3	DFIB	EGL	FEVR	0K34	0LHR	0H9X

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

0K34	+ 0.9	ABF
0LHR	+ 0.86	ABF
0LHR	+ 0.75	0K34
0LHR	+ 0.38	EGL
EGL	+ 0.34	0IW3
0LHR	+ 0.34	FEVR

High negative correlations

0H9X	- 0.79	0K34
0H9X	- 0.66	ABF
0H9X	- 0.54	0LHR
0IW3	- 0.16	ABF
0H9X	- 0.12	0IW3
0K34	- 0.11	0IW3

Risk-Adjusted Indicators

There is a big difference between Revolution Stock performing well and Revolution Beauty 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 Revolution Beauty'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
ABF	1.01	(0.23)	0.00	7.63	0.00	0.00	1.64	(2.65)	5.49
0IW3	1.18	(0.07)	0.00	(0.35)	0.00	0.00	2.57	(2.97)	7.37
DFIB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGL	0.96	0.03	0.02	1.72	1.21	(1.17)	2.32	(2.31)	7.98
FEVR	1.52	0.09	0.05	0.15	1.78	(1.71)	2.66	(3.32)	24.67
0K34	1.01	(0.20)	0.00	(0.87)	0.00	0.00	2.37	(2.22)	6.37
0LHR	0.93	(0.13)	0.00	8.65	0.00	0.00	2.29	(2.04)	5.69
0H9X	0.98	0.16	0.11	0.47	1.23	(1.12)	2.46	(1.83)	6.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Revolution Beauty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Bonds Directory Now

Bonds Directory

Find actively traded corporate debentures issued by US companies

All Next

Launch Module

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