Resources Connection Correlations

Resources Connection Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Resources Connection. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Resources Stock, please use our How to Invest in Resources Connection guide.

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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    ICFI + 0.94 FORR ICFI + 0.92 EXPO EXPO + 0.91 FORR FC + 0.85 FORR FC + 0.76 EXPO FCN + 0.72 FORR

High negative correlations    FCN - 0.8 HURN FORR - 0.75 HURN ICFI - 0.72 HURN FC - 0.64 HURN EXPO - 0.63 HURN HURN - 0.22 CRAI

Risk-Adjusted Indicators

There is a big difference between Resources Stock performing well and Resources Connection 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 Resources Connection'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.