Republic Services Correlations
| RPU Stock | EUR 208.10 0.20 0.1% |
The current 90-days correlation between Republic Services and JAPAN TOBACCO UNSPADR12 is 0.02 (i.e., Significant 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
Modest diversification
The correlation between Republic Services and DJI is 0.21 (i.e., Modest 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.
Republic |
The ability to find closely correlated positions to Republic Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Republic Services when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Republic Services - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Republic Services to buy it.
Moving together with Republic Stock
| 0.92 | UWS | Waste Management | PairCorr |
| 0.93 | UI51 | Waste Connections | PairCorr |
| 0.94 | 36E | GFL ENVIRONM(SUBVTSH | PairCorr |
| 0.75 | CH6 | Clean Harbors | PairCorr |
Moving against Republic Stock
| 0.81 | VVD | Veolia Environnement | PairCorr |
| 0.79 | VVDH | Veolia Environnement | PairCorr |
| 0.79 | VVDH | Veolia Environnement | PairCorr |
| 0.79 | VVD | Veolia Environnement | PairCorr |
| 0.76 | BYRA | PT Bank Rakyat | PairCorr |
| 0.75 | PQ9 | BANK MANDIRI | PairCorr |
| 0.74 | PQ9 | BANK MANDIRI | PairCorr |
| 0.74 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.72 | PTI | Perusahaan Perseroan | PairCorr |
| 0.67 | BYRA | PT Bank Rakyat | PairCorr |
| 0.66 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.65 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.62 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.58 | NVJP | Umicore SA | PairCorr |
| 0.48 | PQ9 | BANK MANDIRI | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TIA | 1.96 | 0.33 | 0.04 | (1.20) | 2.32 | 3.23 | 23.04 | |||
| NPS | 1.34 | (0.12) | 0.00 | (0.26) | 0.00 | 3.28 | 7.97 | |||
| JATA | 1.18 | 0.05 | (0.04) | (0.47) | 1.54 | 1.67 | 9.99 | |||
| SBC | 1.28 | 0.28 | 0.09 | 3.84 | 1.58 | 3.45 | 8.26 | |||
| CVS | 1.72 | 0.00 | 0.03 | 0.12 | 2.30 | 3.26 | 21.73 | |||
| 9ZY | 1.80 | 0.00 | 0.04 | 0.00 | 1.80 | 4.51 | 12.27 | |||
| CMR | 1.50 | 0.08 | (0.03) | (0.10) | 2.01 | 5.74 | 17.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Republic Services without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Republic Services Corporate Management
Elected by the shareholders, the Republic Services' board of directors comprises two types of representatives: Republic Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Republic. The board's role is to monitor Republic Services' management team and ensure that shareholders' interests are well served. Republic Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Republic Services' outside directors are responsible for providing unbiased perspectives on the board's policies.
| CTP CFA | Sr Transformation | Profile | |
| Katrina Liddell | Ex Officer | Profile | |
| Catharine Ellingsen | Chief VP | Profile | |
| Jon Ark | CEO Pres | Profile | |
| Timothy Stuart | Ex COO | Profile | |
| Brian Bales | Exec Officer | Profile | |
| Brian Goebel | VP Officer | Profile |