Rev Correlations

REVG Stock

USD 31.92 0.67 2.14%

The current 90-days correlation between Rev Group and Jeld Wen Holding is 0.17 (i.e., Average diversification). The correlation of Rev 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.

Rev Correlation With Market

Weak diversification

The correlation between Rev Group and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rev Group 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 Rev Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Rev Stock

0.7	GP	GreenPower Motor	Pair Corr
0.72	HY	Hyster Yale Materials	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.81	TEX	Terex	Pair Corr
0.65	HYFM	Hydrofarm Holdings	Pair Corr
0.76	SHYF	Shyft Group	Pair Corr
0.64	CMCO	Columbus McKinnon	Pair Corr
0.75	J	Jacobs Solutions	Pair Corr
0.63	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.66	BV	BrightView Holdings	Pair Corr

Moving against Rev Stock

0.59	CEADW	CEA Industries Warrant	Pair Corr
0.44	XOS	Xos Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	JELD	LMNR	GATX	LCII	THR
JELD		0.63	0.15	0.64	0.31	JELD
LMNR	0.63		0.09	0.77	0.41	LMNR
GATX	0.15	0.09		0.49	0.11	GATX
LCII	0.64	0.77	0.49		0.57	LCII
THR	0.31	0.41	0.11	0.57		THR
	JELD	LMNR	GATX	LCII	THR

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Risk-Adjusted Indicators

There is a big difference between Rev Stock performing well and Rev 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 Rev'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
JELD	2.90	(0.65)	(1.13)	4.69	(6.28)	33.01
LMNR	1.71	(0.49)	(0.53)	2.61	(4.40)	16.69
GATX	1.02	(0.03)	(0.13)	2.09	(1.90)	7.23
LCII	1.56	(0.30)	(0.34)	2.58	(4.00)	10.45
THR	1.53	0.00	(0.10)	3.77	(3.32)	9.97

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