Republic Services Correlations

RSG Stock

USD 240.50 0.33 0.14%

The current 90-days correlation between Republic Services and Waste Connections is 0.82 (i.e., Very poor diversification). The correlation of Republic Services 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.

Republic Services Correlation With Market

Average diversification

The correlation between Republic Services and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Republic Services and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Republic Stock

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

For more detail on how to invest in Republic Stock please use our How to Invest in Republic Services guide.

Moving together with Republic Stock

0.95	WM	Waste Management Earnings Call This Week	Pair Corr
0.62	VRSK	Verisk Analytics	Pair Corr
0.72	GFL	Gfl Environmental	Pair Corr

Moving against Republic Stock

0.71	BCO	Brinks Company	Pair Corr
0.61	DLX	Deluxe	Pair Corr
0.55	AXR	AMREP	Pair Corr
0.44	WFCF	Where Food Comes	Pair Corr
0.59	KFRC	Kforce Inc	Pair Corr
0.49	ACCO	Acco Brands	Pair Corr
0.46	MLKN	MillerKnoll	Pair Corr
0.33	MATW	Matthews International	Pair Corr

Related Correlations Analysis

	WCN	CLH	CWST	WM	GFL	ROP	RHI	XYL	PH
WCN		-0.58	0.7	0.54	0.48	0.22	0.56	-0.7	-0.76	WCN
CLH	-0.58		-0.33	-0.01	0.09	0.37	-0.37	0.94	0.93	CLH
CWST	0.7	-0.33		0.68	0.81	0.45	0.19	-0.45	-0.55	CWST
WM	0.54	-0.01	0.68		0.66	0.36	0.12	-0.04	-0.15	WM
GFL	0.48	0.09	0.81	0.66		0.62	0.02	-0.01	-0.14	GFL
ROP	0.22	0.37	0.45	0.36	0.62		0.4	0.21	0.15	ROP
RHI	0.56	-0.37	0.19	0.12	0.02	0.4		-0.45	-0.42	RHI
XYL	-0.7	0.94	-0.45	-0.04	-0.01	0.21	-0.45		0.97	XYL
PH	-0.76	0.93	-0.55	-0.15	-0.14	0.15	-0.42	0.97		PH
	WCN	CLH	CWST	WM	GFL	ROP	RHI	XYL	PH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PH	+ 0.97	XYL
XYL	+ 0.94	CLH
PH	+ 0.93	CLH
GFL	+ 0.81	CWST
CWST	+ 0.7	WCN
WM	+ 0.68	CWST

High negative correlations

PH	- 0.76	WCN
XYL	- 0.7	WCN
CLH	- 0.58	WCN
PH	- 0.55	CWST
XYL	- 0.45	RHI
XYL	- 0.45	CWST

Risk-Adjusted Indicators

There is a big difference between Republic Stock performing well and Republic Services 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 Republic Services' 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
WCN	0.80	(0.10)	0.00	1.98	0.00	0.00	1.39	(1.53)	6.70
CLH	0.71	0.10	0.05	0.30	0.65	(0.83)	1.76	(1.20)	4.48
CWST	1.03	(0.15)	0.00	(0.75)	0.00	0.00	1.80	(2.81)	6.34
WM	0.71	(0.05)	0.00	(0.30)	0.00	0.00	1.50	(1.51)	5.08
GFL	0.98	(0.10)	0.00	(0.12)	0.00	0.00	2.34	(1.95)	4.94
ROP	0.77	(0.16)	0.00	(0.08)	0.00	0.00	1.49	(1.91)	4.21
RHI	1.65	(0.44)	0.00	(0.15)	0.00	0.00	3.33	(3.19)	11.45
XYL	0.90	0.17	0.17	0.31	0.58	(1.02)	2.33	(1.53)	5.32
PH	1.00	0.21	0.22	0.32	0.59	(1.14)	2.76	(1.75)	6.22

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC