RCI Hospitality Correlations

RIK Stock

54.50 1.00 1.80%

The current 90-days correlation between RCI Hospitality Holdings and Apple Inc is 0.27 (i.e., Modest diversification). The correlation of RCI Hospitality 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. If the correlation is 0, the equities are not correlated; they are entirely random.

RCI Hospitality Correlation With Market

Good diversification

The correlation between RCI Hospitality Holdings and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCI Hospitality Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RCI Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RCI Hospitality when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RCI Hospitality - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RCI Hospitality Holdings to buy it.

Moving together with RCI Stock

0.87	APC	Apple Inc	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.87	APC	Apple Inc	Pair Corr
0.87	APC	Apple Inc	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.87	APC	Apple Inc	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.91	WMT	Walmart	Pair Corr
0.93	AMZ	Amazon Inc	Pair Corr
0.93	AMZ	Amazon Inc	Pair Corr
0.62	CSA	Accenture plc	Pair Corr

Moving against RCI Stock

0.72	VOW	Volkswagen AG	Pair Corr
0.64	VOW3	Volkswagen AG VZO	Pair Corr
0.64	VOW3	Volkswagen AG	Pair Corr
0.63	VOWB	VOLKSWAGEN AG VZ	Pair Corr
0.52	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF
APC		1.0	1.0	1.0	0.99	1.0	0.92	0.91	0.91	0.92	APC
APC	1.0		1.0	1.0	0.99	1.0	0.92	0.91	0.9	0.92	APC
APC	1.0	1.0		1.0	0.99	0.99	0.91	0.9	0.9	0.91	APC
APC	1.0	1.0	1.0		0.99	1.0	0.91	0.9	0.9	0.91	APC
APC	0.99	0.99	0.99	0.99		0.99	0.91	0.9	0.89	0.91	APC
APC	1.0	1.0	0.99	1.0	0.99		0.91	0.9	0.9	0.91	APC
MSF	0.92	0.92	0.91	0.91	0.91	0.91		1.0	1.0	0.99	MSF
MSF	0.91	0.91	0.9	0.9	0.9	0.9	1.0		0.99	0.99	MSF
MSF	0.91	0.9	0.9	0.9	0.89	0.9	1.0	0.99		0.98	MSF
MSF	0.92	0.92	0.91	0.91	0.91	0.91	0.99	0.99	0.98		MSF
	APC	APC	APC	APC	APC	APC	MSF	MSF	MSF	MSF

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Risk-Adjusted Indicators

There is a big difference between RCI Stock performing well and RCI Hospitality 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 RCI Hospitality'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APC	0.93	0.22	0.16	(1.70)	1.02	(1.00)	1.81	(1.96)	5.21
APC	0.88	0.22	0.17	(5.05)	1.03	(0.95)	1.88	(1.73)	5.24
APC	0.89	0.22	0.18	(1.04)	0.92	(0.95)	2.06	(1.83)	4.57
APC	0.94	0.22	0.14	2.26	1.18	(0.96)	2.22	(2.12)	6.45
APC	0.99	0.22	0.18	(0.85)	0.89	(1.14)	2.83	(2.01)	5.24
APC	0.90	0.22	0.16	(1.89)	1.12	(0.96)	1.88	(1.78)	6.46
MSF	0.96	0.10	0.06	(1.29)	1.29	(1.13)	2.55	(1.61)	8.71
MSF	1.02	0.10	0.06	(0.52)	1.39	(1.13)	2.35	(1.92)	9.11
MSF	1.03	0.11	0.06	(0.77)	1.51	(1.18)	2.42	(1.93)	11.42
MSF	0.90	0.10	0.05	(1.00)	1.34	(0.97)	2.04	(1.84)	8.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in RCI Hospitality without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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