Radiant Logistics Correlations

RLGT Stock

USD 7.40 0.17 2.25%

The current 90-days correlation between Radiant Logistics and Daseke Inc is 0.24 (i.e., Modest diversification). The correlation of Radiant Logistics 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.

Radiant Logistics Correlation With Market

Very weak diversification

The correlation between Radiant Logistics and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radiant Logistics 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 Radiant Logistics. 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.

For more information on how to buy Radiant Stock please use our How to Invest in Radiant Logistics guide.

Moving together with Radiant Stock

0.75	GXO	GXO Logistics	Pair Corr
0.7	JYD	Jayud Global Logistics	Pair Corr
0.61	UPS	United Parcel Service	Pair Corr
0.75	HUBG	Hub Group	Pair Corr
0.86	JBHT	JB Hunt Transport Fiscal Year End 16th of January 2025	Pair Corr
0.65	AIRTP	Air T Inc	Pair Corr
0.69	PBI-PB	Pitney Bowes NT	Pair Corr
0.63	BTOC	Armlogi Holding Corp	Pair Corr
0.63	B	Barnes Group	Pair Corr
0.75	G	Genpact Limited	Pair Corr
0.85	R	Ryder System	Pair Corr
0.8	AL	Air Lease	Pair Corr
0.82	AZ	A2Z Smart Technologies	Pair Corr
0.63	BE	Bloom Energy Corp	Pair Corr
0.77	BR	Broadridge Financial	Pair Corr
0.72	BV	BrightView Holdings	Pair Corr

Moving against Radiant Stock

0.66	PAL	Proficient Auto Logi	Pair Corr
0.57	PSIG	PS International	Pair Corr
0.39	EXPD	Expeditors International	Pair Corr
0.38	ZTO	ZTO Express	Pair Corr
0.56	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.36	SGLY	Singularity Future	Pair Corr
0.67	CP	Canadian Pacific Railway	Pair Corr
0.45	HY	Hyster Yale Materials	Pair Corr
0.4	GP	GreenPower Motor	Pair Corr
0.31	FA	First Advantage Corp	Pair Corr

Related Correlations Analysis

	DSKE	ULH	PTSI	EVI	PCYG
DSKE		0.0	-0.14	-0.51	0.12	DSKE
ULH	0.0		-0.16	0.48	0.56	ULH
PTSI	-0.14	-0.16		-0.11	-0.18	PTSI
EVI	-0.51	0.48	-0.11		0.67	EVI
PCYG	0.12	0.56	-0.18	0.67		PCYG
	DSKE	ULH	PTSI	EVI	PCYG

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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

PCYG	+ 0.67	EVI
PCYG	+ 0.56	ULH
EVI	+ 0.48	ULH
PCYG	+ 0.12	DSKE
ULH	+ 0.0	DSKE

High negative correlations

EVI	- 0.51	DSKE
PCYG	- 0.18	PTSI
PTSI	- 0.16	ULH
PTSI	- 0.14	DSKE
EVI	- 0.11	PTSI
ULH	- 0.0	DSKE

Risk-Adjusted Indicators

There is a big difference between Radiant Stock performing well and Radiant Logistics 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 Radiant Logistics' 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
DSKE	1.98	(0.12)	0.00	(0.24)	0.00	0.00	4.56	(3.86)	19.58
ULH	2.13	0.07	0.09	0.15	2.51	(2.42)	4.21	(2.97)	17.47
PTSI	2.79	0.35	0.11	0.59	2.76	(2.99)	5.94	(4.50)	17.32
EVI	2.68	(0.06)	0.03	0.09	3.02	(2.98)	6.61	(4.62)	17.71
PCYG	1.97	0.70	0.22	(1.67)	1.80	(2.38)	5.27	(3.23)	13.21

Radiant Logistics Corporate Management

Tim OBrien	Senior Forwarding	Profile
Harry Smit	Senior Canada	Profile
Jennifer Deenihan	Vice Communications	Profile
Christopher Brach	Senior Brokerage	Profile

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