RPC Correlations

RES Stock

USD 5.14 0.06 1.15%

The current 90-days correlation between RPC Inc and Bristow Group is 0.89 (i.e., Very poor 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

Poor diversification

The correlation between RPC Inc and DJI is 0.72 (i.e., Poor 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.

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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 income.

Moving together with RPC Stock

0.79	TS	Tenaris SA ADR Earnings Call Tomorrow	Pair Corr
0.71	VTOL	Bristow Group	Pair Corr
0.78	WFRD	Weatherford International	Pair Corr
0.89	WTTR	Select Energy Services	Pair Corr
0.78	FLOC	Flowco Holdings	Pair Corr
0.88	BKR	Baker Hughes	Pair Corr
0.92	CHX	ChampionX Sell-off Trend	Pair Corr
0.9	CLB	Core Laboratories	Pair Corr
0.85	FET	Forum Energy Technologies	Pair Corr
0.93	HAL	Halliburton Aggressive Push	Pair Corr
0.88	HLX	Helix Energy Solutions	Pair Corr
0.63	KGS	Kodiak Gas Services,	Pair Corr
0.89	NOV	NOV Inc	Pair Corr
0.72	OII	Oceaneering International	Pair Corr
0.64	OIS	Oil States International	Pair Corr
0.86	XPRO	Expro Group Holdings	Pair Corr
0.9	SLB	Schlumberger NV Sell-off Trend	Pair Corr
0.9	SND	Smart Sand	Pair Corr
0.61	WHD	Cactus Inc	Pair Corr
0.93	INVX	Innovex International, Symbol Change	Pair Corr
0.84	KLXE	KLX Energy Services	Pair Corr
0.91	LBRT	Liberty Oilfield Services	Pair Corr
0.7	NCSM	NCS Multistage Holdings	Pair Corr
0.82	NESR	National Energy Services	Pair Corr
0.77	NINE	Nine Energy Service	Pair Corr

Moving against RPC Stock

0.38

RCON

Recon Technology

Pair Corr

Related Correlations Analysis

	VTOL	CHX	NEX	RNGR	NOV	OII	WHD	DNOW	OIS
VTOL		0.69	0.0	0.61	0.81	0.91	0.87	0.39	0.89	VTOL
CHX	0.69		0.0	0.91	0.97	0.82	0.73	0.73	0.75	CHX
NEX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NEX
RNGR	0.61	0.91	0.0		0.89	0.64	0.55	0.77	0.55	RNGR
NOV	0.81	0.97	0.0	0.89		0.9	0.83	0.62	0.84	NOV
OII	0.91	0.82	0.0	0.64	0.9		0.97	0.41	0.97	OII
WHD	0.87	0.73	0.0	0.55	0.83	0.97		0.27	0.96	WHD
DNOW	0.39	0.73	0.0	0.77	0.62	0.41	0.27		0.28	DNOW
OIS	0.89	0.75	0.0	0.55	0.84	0.97	0.96	0.28		OIS
	VTOL	CHX	NEX	RNGR	NOV	OII	WHD	DNOW	OIS

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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

NOV	+ 0.97	CHX
WHD	+ 0.97	OII
OIS	+ 0.97	OII
OIS	+ 0.96	WHD
OII	+ 0.91	VTOL
RNGR	+ 0.91	CHX

High negative correlations

OIS	- 0.0	NEX
DNOW	- 0.0	NEX
WHD	- 0.0	NEX
OII	- 0.0	NEX
NOV	- 0.0	NEX
RNGR	- 0.0	NEX

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
VTOL	2.08	0.09	0.03	0.10	3.21	(2.10)	3.46	(5.83)	17.34
CHX	1.79	(0.17)	0.00	(0.09)	0.00	0.00	3.82	(4.27)	20.30
NEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNGR	2.52	(0.15)	0.00	(0.08)	0.00	0.00	3.45	(5.70)	24.48
NOV	2.25	(0.08)	0.00	(0.02)	0.00	0.00	3.87	(7.03)	24.80
OII	2.33	0.04	0.01	0.05	4.22	(2.29)	4.20	(6.56)	23.09
WHD	2.17	(0.02)	0.00	0.01	3.70	(2.20)	4.63	(6.60)	19.78
DNOW	1.91	0.00	0.00	0.03	3.09	(1.79)	3.63	(4.10)	18.98
OIS	3.29	0.16	0.04	0.10	4.78	(3.73)	5.99	(6.32)	26.82

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