RF Acquisition Correlations

Stocks . USA . 
Stock . RF Acquisition Corp
RFAI Stock   10.37  0.03  0.29%   
The current 90-days correlation between RF Acquisition Corp and Middlesex Water is 0.06 (i.e., Significant diversification). The correlation of RF Acquisition 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.

RF Acquisition Correlation With Market

Significant diversification

The correlation between RF Acquisition Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RF Acquisition Corp 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 RF Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with RFAI Stock

  0.66DB Deutsche Bank AGPairCorr
  0.62DX Dynex CapitalPairCorr
  0.7LU Lufax HoldingPairCorr
  0.66XP Xp IncPairCorr
  0.62DYCQ DT Cloud AcquisitionPairCorr

Moving against RFAI Stock

  0.64MC MoelisPairCorr
  0.61CG Carlyle Group Normal TradingPairCorr
  0.59LC LendingClub Corp Sell-off TrendPairCorr
  0.56BX Blackstone Group Normal TradingPairCorr
  0.51PX P10 IncPairCorr
  0.48BN Brookfield CorpPairCorr
  0.42MS Morgan StanleyPairCorr
  0.58SF Stifel FinancialPairCorr
  0.56RC Ready Capital CorpPairCorr
  0.56EARN Ellington Residential Potential GrowthPairCorr
  0.53VCTR Victory Capital HoldingsPairCorr
  0.49VRTS Virtus InvestmentPairCorr
  0.48RM Regional Management Corp Normal TradingPairCorr
  0.4WT WisdomTreePairCorr
  0.31WD Walker DunlopPairCorr

Related Correlations Analysis

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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   
BKH
+ 0.69
NWE
KVHI
+ 0.68
RDCM
RDCM
+ 0.63
NTGR
KVHI
+ 0.63
NTGR
BKH
+ 0.58
MSEX
NWE
+ 0.54
SOGP
  
High negative correlations   
NTGR
- 0.82
MSEX
KVHI
- 0.75
MSEX
RDCM
- 0.62
MSEX
NWE
- 0.52
NTGR
BKH
- 0.43
NTGR
SOGP
- 0.36
NTGR

Risk-Adjusted Indicators

There is a big difference between RFAI Stock performing well and RF Acquisition 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 RF Acquisition'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.

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