Recon Technology Correlations
| RCON Stock | USD 0.09 0.01 10.98% |
The correlation of Recon Technology 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Recon Technology and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Recon Technology and NYA in the same portfolio, assuming nothing else is changed.
Recon |
The ability to find closely correlated positions to Recon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Recon Technology 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 Recon Technology - 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 Recon Technology to buy it.
Moving against Recon Stock
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| 0.7 | FTI | TechnipFMC PLC | PairCorr |
| 0.68 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
| 0.65 | WFRD | Weatherford International | PairCorr |
| 0.65 | CHX | ChampionX | PairCorr |
| 0.65 | TDW | Tidewater Financial Report 13th of May 2024 | PairCorr |
| 0.62 | BKR | Baker Hughes Financial Report 17th of July 2024 | PairCorr |
| 0.61 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
| 0.58 | SOI | Solaris Oilfield Inf Upward Rally | PairCorr |
| 0.56 | TS | Tenaris SA ADR Downward Rally | PairCorr |
| 0.52 | FTK | Flotek Industries | PairCorr |
| 0.51 | HLX | Helix Energy Solutions | PairCorr |
| 0.49 | ENSV | Enservco | PairCorr |
| 0.49 | HAL | Halliburton Financial Report 17th of July 2024 | PairCorr |
| 0.49 | OII | Oceaneering International | PairCorr |
| 0.47 | RES | RPC Inc Financial Report 24th of July 2024 | PairCorr |
| 0.46 | MRC | MRC Global Financial Report 13th of May 2024 | PairCorr |
| 0.45 | XPRO | Expro Group Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.44 | SND | Smart Sand Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Recon Technology 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?
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Recon Technology Corporate Directors
Recon Technology corporate directors refer to members of a Recon Technology board of directors. The board of directors generally takes responsibility for the Recon Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Recon Technology's board members must vote for the resolution. The Recon Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Guangqiang Chen | CTO and Director | Profile | |
| Jijun Hu | Independent Director | Profile | |
| Shudong Zhao | Independent Director | Profile | |
| Nelson Wong | Independent Director | Profile |
Already Invested in Recon Technology?
The danger of trading Recon Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Recon Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Recon Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Recon Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Recon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Recon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Recon Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Recon Technology Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recon Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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When running Recon Technology's price analysis, check to measure Recon Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Recon Technology is operating at the current time. Most of Recon Technology's value examination focuses on studying past and present price action to predict the probability of Recon Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Recon Technology's price. Additionally, you may evaluate how the addition of Recon Technology to your portfolios can decrease your overall portfolio volatility.
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Is Recon Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Recon Technology. If investors know Recon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Revenue Per Share 1.978 | Quarterly Revenue Growth (0.27) | Return On Assets (0.08) | Return On Equity (0.14) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.