RBC Bearings Correlations
| B1X Stock | EUR 338.00 6.00 1.81% |
The current 90-days correlation between RBC Bearings and Stanley Black Decker is -0.05 (i.e., Good diversification). The correlation of RBC Bearings 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.
RBC Bearings Correlation With Market
Weak diversification
The correlation between RBC Bearings Incorporated and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RBC Bearings Incorporated and DJI in the same portfolio, assuming nothing else is changed.
RBC |
The ability to find closely correlated positions to RBC Bearings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Bearings 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 RBC Bearings - 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 RBC Bearings Incorporated to buy it.
Moving together with RBC Stock
| 0.75 | TIB1 | Techtronic Industries | PairCorr |
| 0.71 | SWF | Stanley Black Decker Earnings Call This Week | PairCorr |
| 0.75 | LNE | Lincoln Electric Holdings | PairCorr |
| 0.91 | SKFA | AB SKF | PairCorr |
| 0.91 | SKFB | AB SKF | PairCorr |
| 0.61 | FA2 | FORWARD AIR P | PairCorr |
| 0.75 | SEBC | Skandinaviska Enskilda | PairCorr |
| 0.68 | HEI | Heidelberg Materials | PairCorr |
| 0.61 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.74 | AG8 | AGILENT TECH | PairCorr |
| 0.86 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.85 | E908 | Lyxor 1 | PairCorr |
Moving against RBC Stock
| 0.86 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.76 | 3HB | HYBRIGENICS A | PairCorr |
| 0.6 | MS3 | MISUMI GROUP INC Earnings Call This Week | PairCorr |
| 0.6 | ALV | Allianz SE | PairCorr |
| 0.39 | 4OV | Iron Road Limited | PairCorr |
Related Correlations Analysis
| 0.58 | 0.63 | 0.45 | 0.72 | 0.71 | -0.25 | TIB1 | ||
| 0.58 | 0.62 | 0.76 | 0.73 | 0.72 | -0.37 | SWF | ||
| 0.63 | 0.62 | 0.3 | 0.45 | 0.43 | 0.0 | TO2 | ||
| 0.45 | 0.76 | 0.3 | 0.83 | 0.83 | -0.53 | LNE | ||
| 0.72 | 0.73 | 0.45 | 0.83 | 0.98 | -0.67 | SKFA | ||
| 0.71 | 0.72 | 0.43 | 0.83 | 0.98 | -0.68 | SKFB | ||
| -0.25 | -0.37 | 0.0 | -0.53 | -0.67 | -0.68 | MS3 | ||
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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 RBC Stock performing well and RBC Bearings 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 RBC Bearings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIB1 | 1.48 | 0.30 | 0.14 | 1.60 | 1.10 | 3.86 | 15.31 | |||
| SWF | 1.87 | 0.41 | 0.12 | (0.60) | 1.52 | 4.02 | 21.85 | |||
| TO2 | 1.67 | 0.16 | 0.00 | (0.65) | 1.76 | 4.34 | 11.44 | |||
| LNE | 1.44 | 0.22 | 0.08 | 0.62 | 1.30 | 3.24 | 8.88 | |||
| SKFA | 1.51 | 0.41 | 0.17 | 3.70 | 1.37 | 2.94 | 9.14 | |||
| SKFB | 1.56 | 0.38 | 0.20 | 1.43 | 1.19 | 4.07 | 8.91 | |||
| MS3 | 1.40 | (0.20) | 0.00 | (0.90) | 0.00 | 2.50 | 6.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in RBC Bearings 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.Did you try this?
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RBC Bearings Corporate Management
Elected by the shareholders, the RBC Bearings' board of directors comprises two types of representatives: RBC Bearings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RBC. The board's role is to monitor RBC Bearings' management team and ensure that shareholders' interests are well served. RBC Bearings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RBC Bearings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Bergeron | COO VP | Profile | |
| Matthew Tift | Co Controller | Profile | |
| Michael Hartnett | Pres Chairman | Profile | |
| John Feeney | Gen VP | Profile | |
| Patrick Bannon | VP GM | Profile | |
| David Gilbert | I Industrial | Profile | |
| Robert Sullivan | VP CFO | Profile |