RPC Correlations

RES Stock

USD 4.52 0.04 0.89%

The current 90-days correlation between RPC Inc and National Energy Services is 0.45 (i.e., Very weak diversification). The correlation of RPC 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.

RPC Correlation With Market

Very weak diversification

The correlation between RPC Inc and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RPC Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RPC Stock

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

Moving together with RPC Stock

0.65	HLX	Helix Energy Solutions Earnings Call Today	Pair Corr
0.67	WHD	Cactus Inc Earnings Call This Week	Pair Corr

Moving against RPC Stock

0.4	002443	Zhejiang Kingland	Pair Corr
0.36	MIND	Mind Technology	Pair Corr
0.41	TMQ	Trilogy Metals	Pair Corr
0.4	CUB	Lionheart Holdings	Pair Corr

Related Correlations Analysis

	NESR	HLX	TTI	NPKI	VTOL	NVGS	GLP	VTS	DEC	HPK
NESR		0.59	0.85	0.95	0.42	-0.12	-0.44	-0.25	-0.31	-0.76	NESR
HLX	0.59		0.46	0.51	0.06	0.12	-0.14	-0.11	-0.11	-0.25	HLX
TTI	0.85	0.46		0.9	0.38	-0.47	-0.73	-0.57	-0.66	-0.65	TTI
NPKI	0.95	0.51	0.9		0.51	-0.25	-0.54	-0.3	-0.38	-0.8	NPKI
VTOL	0.42	0.06	0.38	0.51		0.02	-0.14	0.26	0.06	-0.51	VTOL
NVGS	-0.12	0.12	-0.47	-0.25	0.02		0.81	0.62	0.67	0.22	NVGS
GLP	-0.44	-0.14	-0.73	-0.54	-0.14	0.81		0.78	0.87	0.44	GLP
VTS	-0.25	-0.11	-0.57	-0.3	0.26	0.62	0.78		0.89	0.15	VTS
DEC	-0.31	-0.11	-0.66	-0.38	0.06	0.67	0.87	0.89		0.28	DEC
HPK	-0.76	-0.25	-0.65	-0.8	-0.51	0.22	0.44	0.15	0.28		HPK
	NESR	HLX	TTI	NPKI	VTOL	NVGS	GLP	VTS	DEC	HPK

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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

NPKI	+ 0.95	NESR
NPKI	+ 0.9	TTI
DEC	+ 0.89	VTS
DEC	+ 0.87	GLP
TTI	+ 0.85	NESR
GLP	+ 0.81	NVGS

High negative correlations

HPK	- 0.8	NPKI
HPK	- 0.76	NESR
GLP	- 0.73	TTI
DEC	- 0.66	TTI
HPK	- 0.65	TTI
VTS	- 0.57	TTI

Risk-Adjusted Indicators

There is a big difference between RPC Stock performing well and RPC 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 RPC'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
NESR	1.98	0.95	0.48	1.19	1.21	(2.45)	6.67	(2.96)	16.28
HLX	2.21	(0.12)	(0.01)	0.02	3.20	(2.57)	4.66	(5.04)	20.52
TTI	2.43	1.14	0.40	0.67	1.89	(3.02)	6.63	(4.80)	20.88
NPKI	1.43	0.48	0.36	0.43	0.98	(1.82)	3.90	(1.61)	7.67
VTOL	1.43	0.05	0.04	0.12	1.64	(1.50)	2.86	(2.76)	13.04
NVGS	1.27	(0.14)	0.00	(0.09)	0.00	0.00	2.60	(2.30)	7.22
GLP	1.15	(0.20)	0.00	(0.28)	0.00	0.00	2.27	(2.37)	6.00
VTS	1.53	(0.17)	0.00	(0.07)	0.00	0.00	2.61	(3.27)	15.89
DEC	1.69	(0.21)	0.00	(0.23)	0.00	0.00	3.58	(3.46)	15.81
HPK	2.73	(0.23)	0.00	(0.35)	0.00	0.00	5.92	(6.23)	23.51

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