RPC Net Working Capital from 2010 to 2024
| RES Stock | USD 6.34 0.17 2.61% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 575.2 M | Current Value 489.6 M | Quarterly Volatility 67.6 M |
Check RPC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among RPC's main balance sheet or income statement drivers, such as Depreciation And Amortization of 77.5 M, Interest Expense of 323.9 K or Total Revenue of 1.7 B, as well as many indicators such as Price To Sales Ratio of 1.18, Dividend Yield of 0.0138 or PTB Ratio of 1.93. RPC financial statements analysis is a perfect complement when working with RPC Valuation or Volatility modules.
RPC | Net Working Capital |
Latest RPC's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of RPC Inc over the last few years. It is RPC's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in RPC's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
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Net Working Capital |
| Timeline |
RPC Net Working Capital Regression Statistics
| Arithmetic Mean | 471,259,877 | |
| Geometric Mean | 466,168,572 | |
| Coefficient Of Variation | 14.35 | |
| Mean Deviation | 49,115,818 | |
| Median | 494,775,000 | |
| Standard Deviation | 67,617,667 | |
| Sample Variance | 4572.1T | |
| Range | 239.8M | |
| R-Value | (0.17) | |
| Mean Square Error | 4783.9T | |
| R-Squared | 0.03 | |
| Significance | 0.55 | |
| Slope | (2,548,750) | |
| Total Sum of Squares | 64010.1T |
RPC Net Working Capital History
About RPC Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include RPC income statement, its balance sheet, and the statement of cash flows. RPC investors use historical funamental indicators, such as RPC's Net Working Capital, to determine how well the company is positioned to perform in the future. Although RPC investors may use each financial statement separately, they are all related. The changes in RPC's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on RPC's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on RPC Financial Statements. Understanding these patterns can help to make the right decision on long term investment in RPC. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 575.2 M | 489.6 M |
Pair Trading with RPC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if RPC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in RPC will appreciate offsetting losses from the drop in the long position's value.Moving together with RPC Stock
Moving against RPC Stock
| 0.71 | VTOL | Bristow Group | PairCorr |
| 0.7 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
| 0.57 | DWSN | Dawson Geophysical Earnings Call This Week | PairCorr |
| 0.55 | SND | Smart Sand | PairCorr |
| 0.53 | TDW | Tidewater | PairCorr |
The ability to find closely correlated positions to RPC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RPC 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 RPC - 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 RPC Inc to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RPC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPC Inc 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.
Correlation analysis and pair trading evaluation for RPC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for RPC Stock Analysis
When running RPC's price analysis, check to measure RPC'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 RPC is operating at the current time. Most of RPC's value examination focuses on studying past and present price action to predict the probability of RPC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RPC's price. Additionally, you may evaluate how the addition of RPC to your portfolios can decrease your overall portfolio volatility.