RF Industries Correlations
| RFIL Stock | USD 4.24 0.13 3.16% |
The current 90-days correlation between RF Industries and Nortech Systems Incorporated is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RF Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RF Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
RF Industries Correlation With Market
Significant diversification
The correlation between RF Industries and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RF Industries and DJI in the same portfolio, assuming nothing else is changed.
RFIL |
Moving together with RFIL Stock
Moving against RFIL Stock
| 0.4 | EVLV | Evolv Technologies Trending | PairCorr |
| 0.37 | CDW | CDW Corp | PairCorr |
| 0.69 | NTIP | Network 1 Technologies | PairCorr |
| 0.69 | SHMD | SCHMID Group NV | PairCorr |
| 0.46 | TRSG | Tungray Technologies | PairCorr |
Related Correlations Analysis
| -0.49 | 0.46 | -0.57 | -0.16 | NSYS | ||
| -0.49 | -0.61 | 0.88 | -0.06 | RELL | ||
| 0.46 | -0.61 | -0.7 | -0.32 | SMIT | ||
| -0.57 | 0.88 | -0.7 | 0.01 | TSRI | ||
| -0.16 | -0.06 | -0.32 | 0.01 | ALOT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between RFIL Stock performing well and RF Industries 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 Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NSYS | 2.35 | (0.16) | 0.00 | (0.10) | 0.00 | 6.48 | 20.00 | |||
| RELL | 1.43 | 0.14 | 0.10 | 0.26 | 1.28 | 3.38 | 11.38 | |||
| SMIT | 34.18 | 15.69 | 0.31 | (0.31) | 22.87 | 240.31 | 332.62 | |||
| TSRI | 2.39 | 1.10 | 0.73 | (2.58) | 0.00 | 2.96 | 70.42 | |||
| ALOT | 1.79 | (0.07) | (0.01) | 0.08 | 2.14 | 4.73 | 10.94 |
RF Industries Corporate Executives
Elected by the shareholders, the RF Industries' board of directors comprises two types of representatives: RF Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RFIL. The board's role is to monitor RF Industries' management team and ensure that shareholders' interests are well served. RF Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RF Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.