RGC Resources Correlations

RGCO Stock

USD 20.90 0.23 1.11%

The current 90-days correlation between RGC Resources and UGI Corp Unit is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RGC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RGC Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RGC Resources Correlation With Market

Poor diversification

The correlation between RGC Resources and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RGC Resources 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 RGC Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in RGC Stock, please use our How to Invest in RGC Resources guide.

Related Correlations Analysis

	UGIC	NJR	OGS	NIMC	NWN	CPK	SR	NI
UGIC		-0.42	-0.71	0.51	-0.4	-0.56	-0.28	-0.69	UGIC
NJR	-0.42		0.88	0.27	0.92	0.94	0.94	0.82	NJR
OGS	-0.71	0.88		-0.07	0.81	0.93	0.78	0.85	OGS
NIMC	0.51	0.27	-0.07		0.24	0.19	0.3	-0.05	NIMC
NWN	-0.4	0.92	0.81	0.24		0.89	0.83	0.83	NWN
CPK	-0.56	0.94	0.93	0.19	0.89		0.84	0.87	CPK
SR	-0.28	0.94	0.78	0.3	0.83	0.84		0.66	SR
NI	-0.69	0.82	0.85	-0.05	0.83	0.87	0.66		NI
	UGIC	NJR	OGS	NIMC	NWN	CPK	SR	NI

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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

CPK	+ 0.94	NJR
SR	+ 0.94	NJR
CPK	+ 0.93	OGS
NWN	+ 0.92	NJR
CPK	+ 0.89	NWN
OGS	+ 0.88	NJR

High negative correlations

OGS	- 0.71	UGIC
NI	- 0.69	UGIC
CPK	- 0.56	UGIC
NJR	- 0.42	UGIC
NWN	- 0.4	UGIC
SR	- 0.28	UGIC

Risk-Adjusted Indicators

There is a big difference between RGC Stock performing well and RGC Resources 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 RGC Resources' 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
UGIC	1.47	(0.30)	0.00	(0.65)	0.00	0.00	2.61	(3.02)	12.21
NJR	0.83	0.12	0.08	0.30	0.61	(0.97)	2.21	(1.32)	4.27
OGS	0.93	0.09	0.08	0.22	0.86	(1.11)	1.92	(1.73)	7.57
NIMC	0.60	(0.01)	(0.14)	0.36	0.78	(0.66)	1.07	(1.11)	5.53
NWN	0.97	0.01	0.01	0.12	0.97	(1.02)	2.15	(1.64)	6.23
CPK	1.01	0.10	0.07	0.23	1.02	(1.18)	2.09	(1.91)	6.25
SR	0.98	0.11	0.06	0.28	1.15	(1.09)	2.58	(1.85)	6.47
NI	0.70	0.23	0.15	2.58	0.54	(0.82)	1.54	(1.23)	3.98

RGC Resources Corporate Management

Carl Shockley	VP of Operations - Roanoke Gas Company	Profile
Jason Field	CFO VP	Profile
Timothy Mulvaney	Interim Treasurer	Profile
C Miles	Vice Resources	Profile
Robert II	Chief VP	Profile
Lawrence Oliver	Senior Affairs	Profile

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