Resources Connection Correlations

RGP Stock

USD 4.58 0.12 2.69%

The current 90-days correlation between Resources Connection and Forrester Research is -0.12 (i.e., Good diversification). The correlation of Resources Connection 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.

Resources Connection Correlation With Market

Very good diversification

The correlation between Resources Connection and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resources Connection and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Resources Stock

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

To learn how to invest in Resources Stock, please use our How to Invest in Resources Connection guide.

Moving together with Resources Stock

0.74	FORR	Forrester Research	Pair Corr
0.74	DATA	GlobalData PLC	Pair Corr
0.82	IQ	iQIYI Inc Earnings Call This Week	Pair Corr

Moving against Resources Stock

0.78	MNPP	Merchants National	Pair Corr
0.78	ATCD	Altair Corp	Pair Corr
0.72	NUAI	New Era Energy Symbol Change	Pair Corr
0.69	EUUNF	Azarga Metals Corp	Pair Corr
0.61	ELTK	Eltek Earnings Call This Week	Pair Corr
0.57	BLFS	BioLife Solutions	Pair Corr
0.56	INSM	Insmed Inc	Pair Corr
0.55	RKLB	Rocket Lab USA	Pair Corr
0.5	HNHPF	Hon Hai Precision	Pair Corr
0.49	CORZ	Core Scientific, Common	Pair Corr
0.45	TYTMF	Tokyo Tatemono Upward Rally	Pair Corr
0.42	GLW	Corning Incorporated Sell-off Trend	Pair Corr
0.41	NB	NioCorp Developments Buyout Trend	Pair Corr
0.39	GLBS	Globus Maritime	Pair Corr
0.33	IVZ	Invesco Plc	Pair Corr
0.81	AEP	American Electric Power	Pair Corr
0.59	MAT	Mattel Inc	Pair Corr
0.57	SKSBF	Skanska AB	Pair Corr
0.54	TOELY	Tokyo Electron	Pair Corr
0.53	1730T3AT0	US1730T3AT00	Pair Corr
0.43	MAG	MAG Silver Corp	Pair Corr
0.43	BKKT	Bakkt Holdings	Pair Corr
0.38	PSBKF	Postal Savings Bank	Pair Corr
0.37	SID	Companhia Siderurgica	Pair Corr
0.31	ANSLF	Ansell Limited	Pair Corr
0.31	CMI	Cummins	Pair Corr

Related Correlations Analysis

	FORR	ROMA	GLCP	BLNK	FCEL	MVST	ESGL	TBI	SRFM	ISSC
FORR		0.23	0.0	-0.33	-0.31	-0.57	-0.29	0.9	0.41	0.66	FORR
ROMA	0.23		0.0	0.14	0.28	0.13	0.46	0.12	-0.08	-0.26	ROMA
GLCP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLCP
BLNK	-0.33	0.14	0.0		0.92	0.8	0.81	-0.19	0.36	-0.31	BLNK
FCEL	-0.31	0.28	0.0	0.92		0.82	0.85	-0.21	0.25	-0.4	FCEL
MVST	-0.57	0.13	0.0	0.8	0.82		0.77	-0.51	0.08	-0.58	MVST
ESGL	-0.29	0.46	0.0	0.81	0.85	0.77		-0.3	0.02	-0.61	ESGL
TBI	0.9	0.12	0.0	-0.19	-0.21	-0.51	-0.3		0.5	0.73	TBI
SRFM	0.41	-0.08	0.0	0.36	0.25	0.08	0.02	0.5		0.66	SRFM
ISSC	0.66	-0.26	0.0	-0.31	-0.4	-0.58	-0.61	0.73	0.66		ISSC
	FORR	ROMA	GLCP	BLNK	FCEL	MVST	ESGL	TBI	SRFM	ISSC

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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

FCEL	+ 0.92	BLNK
TBI	+ 0.9	FORR
ESGL	+ 0.85	FCEL
MVST	+ 0.82	FCEL
ESGL	+ 0.81	BLNK
MVST	+ 0.8	BLNK

High negative correlations

ISSC	- 0.61	ESGL
ISSC	- 0.58	MVST
MVST	- 0.57	FORR
TBI	- 0.51	MVST
ISSC	- 0.4	FCEL
BLNK	- 0.33	FORR

Risk-Adjusted Indicators

There is a big difference between Resources Stock performing well and Resources Connection 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 Resources Connection'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
FORR	2.40	(0.42)	0.00	(0.22)	0.00	0.00	3.74	(5.76)	19.50
ROMA	4.69	0.16	0.04	0.15	5.29	(6.24)	15.12	(8.16)	49.83
GLCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLNK	5.43	0.57	0.15	0.20	4.86	(7.24)	13.64	(8.24)	36.57
FCEL	5.70	1.10	0.17	(0.78)	4.95	(6.77)	14.83	(9.07)	35.91
MVST	4.27	0.51	0.11	0.38	4.37	(4.60)	12.50	(8.87)	31.06
ESGL	2.22	0.55	0.17	(2.65)	1.86	(3.32)	8.21	(3.70)	28.70
TBI	2.74	(0.26)	0.00	(0.16)	0.00	0.00	6.20	(6.11)	24.96
SRFM	3.85	(0.96)	0.00	(0.30)	0.00	0.00	6.80	(7.79)	20.95
ISSC	2.52	(0.79)	0.00	(0.31)	0.00	0.00	5.10	(5.63)	11.98

Resources Connection Corporate Management

Jennifer Ryu	CFO VP	Profile
Katy Conway	Chief Officer	Profile
Joni Noel	VP Healthcare	Profile
Michael Allen	Vice Digital	Profile
Keith Golden	Chief Officer	Profile
Bhadreskumar Patel	Chief Officer	Profile

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