Research Frontiers Correlations

Stocks . USA . 
Stock . Research Frontiers Incorporated
REFR Stock  USD 1.83  0.01  0.55%   
The current 90-days correlation between Research Frontiers and Orion Energy Systems is 0.22 (i.e., Modest diversification). The correlation of Research Frontiers 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.

Research Frontiers Correlation With Market

Good diversification

The correlation between Research Frontiers Incorporate and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Research Frontiers Incorporate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Research Frontiers Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Research Stock

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Moving against Research Stock

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Related Correlations Analysis

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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   
RFIL
+ 0.64
RELL
SMIT
+ 0.32
OESX
OESX
+ 0.29
RELL
RFIL
+ 0.21
OESX
RFIL
+ 0.08
SMIT
  
High negative correlations   
RDI
- 0.65
RELL
RDI
- 0.3
RFIL
RDI
- 0.28
OESX
SMIT
- 0.08
RELL
RDI
- 0.06
SMIT

Risk-Adjusted Indicators

There is a big difference between Research Stock performing well and Research Frontiers 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 Research Frontiers' 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.

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