Recon Technology Correlations

RCON Stock

USD 1.67 0.08 4.57%

The current 90-days correlation between Recon Technology and Dawson Geophysical is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Recon Technology Correlation With Market

Modest diversification

The correlation between Recon Technology and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Recon Technology and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.

Moving together with Recon Stock

0.83	E	Enterprise Group	Pair Corr
0.64	POS	Plexus Holdings plc	Pair Corr

Moving against Recon Stock

0.86	CEU	CES Energy Solutions	Pair Corr
0.83	WFRD	Weatherford International	Pair Corr
0.81	DWSN	Dawson Geophysical	Pair Corr
0.79	002353	Yantai Jereh Oilfield	Pair Corr
0.72	WTTR	Select Energy Services Earnings Call Today	Pair Corr
0.7	BKR	Baker Hughes	Pair Corr
0.67	CLB	Core Laboratories	Pair Corr
0.66	SRJ	SRJ Technologies	Pair Corr
0.54	300164	Tong Oil Tools	Pair Corr
0.48	VTOL	Bristow Group	Pair Corr
0.48	ESOA	Energy Services	Pair Corr
0.43	DTI	Drilling Tools Inter	Pair Corr
0.87	FET	Forum Energy Technologies	Pair Corr
0.84	OIS	Oil States International	Pair Corr
0.81	TTI	Tetra Technologies	Pair Corr
0.78	HLX	Helix Energy Solutions	Pair Corr
0.78	NGS	Natural Gas Services	Pair Corr
0.72	NOV	NOV Inc	Pair Corr
0.7	HAL	Halliburton Aggressive Push	Pair Corr
0.7	GEOS	Geospace Technologies	Pair Corr
0.69	SEI	Solaris Energy Infra	Pair Corr
0.67	FTI	TechnipFMC PLC	Pair Corr
0.67	SND	Smart Sand Earnings Call This Week	Pair Corr
0.54	OII	Oceaneering International	Pair Corr
0.5	SLB	Schlumberger NV Aggressive Push	Pair Corr
0.45	KGS	Kodiak Gas Services, Earnings Call Tomorrow	Pair Corr
0.43	RES	RPC Inc	Pair Corr

Related Correlations Analysis

	DWSN	MAXN	SPRU	PED	DTI	BEEM	USEG	KLXE	NINE	VVPR
DWSN		-0.67	0.8	-0.06	0.49	0.6	0.35	0.27	0.01	-0.36	DWSN
MAXN	-0.67		-0.7	0.03	-0.37	-0.45	-0.15	-0.25	0.16	0.14	MAXN
SPRU	0.8	-0.7		-0.26	0.5	0.75	0.27	0.08	-0.28	-0.29	SPRU
PED	-0.06	0.03	-0.26		-0.06	-0.41	-0.1	-0.03	0.5	-0.04	PED
DTI	0.49	-0.37	0.5	-0.06		0.27	0.25	-0.1	0.13	-0.38	DTI
BEEM	0.6	-0.45	0.75	-0.41	0.27		0.2	0.14	-0.29	-0.08	BEEM
USEG	0.35	-0.15	0.27	-0.1	0.25	0.2		0.31	-0.02	0.09	USEG
KLXE	0.27	-0.25	0.08	-0.03	-0.1	0.14	0.31		0.17	0.37	KLXE
NINE	0.01	0.16	-0.28	0.5	0.13	-0.29	-0.02	0.17		-0.03	NINE
VVPR	-0.36	0.14	-0.29	-0.04	-0.38	-0.08	0.09	0.37	-0.03		VVPR
	DWSN	MAXN	SPRU	PED	DTI	BEEM	USEG	KLXE	NINE	VVPR

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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

SPRU	+ 0.8	DWSN
BEEM	+ 0.75	SPRU
BEEM	+ 0.6	DWSN
DTI	+ 0.5	SPRU
NINE	+ 0.5	PED
DTI	+ 0.49	DWSN

High negative correlations

SPRU	- 0.7	MAXN
MAXN	- 0.67	DWSN
BEEM	- 0.45	MAXN
BEEM	- 0.41	PED
VVPR	- 0.38	DTI
DTI	- 0.37	MAXN

Risk-Adjusted Indicators

There is a big difference between Recon Stock performing well and Recon Technology 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 Recon Technology'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
DWSN	3.53	0.38	0.13	0.29	3.35	(5.31)	10.34	(6.48)	24.32
MAXN	3.41	0.05	0.00	0.04	0.00	0.00	7.27	(6.30)	18.06
SPRU	4.56	1.26	0.31	0.75	3.49	(5.65)	10.42	(7.36)	41.54
PED	2.09	(0.08)	(0.03)	0.03	2.45	(2.80)	5.17	(4.92)	16.58
DTI	3.78	0.31	0.02	(0.28)	4.50	(4.25)	11.05	(6.37)	26.41
BEEM	4.62	0.04	0.03	0.14	4.97	(5.52)	10.65	(8.23)	33.58
USEG	1.89	0.00	(0.04)	0.21	2.30	(2.51)	4.17	(4.03)	12.66
KLXE	3.04	0.00	0.03	0.11	3.58	(3.58)	7.65	(6.00)	21.24
NINE	3.45	(0.52)	0.00	(0.14)	0.00	0.00	8.96	(6.78)	40.69
VVPR	5.77	(0.07)	0.01	0.08	7.62	(6.76)	14.00	(9.94)	67.15

Recon Technology Corporate Executives

Elected by the shareholders, the Recon Technology's board of directors comprises two types of representatives: Recon Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Recon. The board's role is to monitor Recon Technology's management team and ensure that shareholders' interests are well served. Recon Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Recon Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jia Liu

CFO and Secretary

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