Resources Connection (RGP) — Stock Correlations & Overview
Over the past year, RGP has moved most closely with INVN, ZG, TOGA. Explore the stocks most correlated and inversely correlated with RGP below, along with its price, financials, and company profile.
Stocks correlated with RGP
Correlation of daily returns. Higher positive values move with RGP; negative values move opposite it. Informational only, not investment advice.
Most correlated with RGP
| Symbol | Company | Correlation |
|---|---|---|
| INVN | Alger Russell Innovation ETF | 0.38 |
| ZG | ZILLOW GROUP INC CLASS ASERVICES-BUSINESS SERVICES, NEC | 0.38 |
| TOGA | Tremblant Global ETF | 0.38 |
| FRSH | Freshworks Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.38 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.37 |
Most inversely correlated with RGP
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.32 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.29 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.25 |
Frequently asked questions about RGP correlations
- Which stocks are most correlated with RGP?
- Based on one year of daily returns, the stocks most correlated with Resources Connection (RGP) are INVN (0.38), ZG (0.38) and TOGA (0.38). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with RGP?
- Over the past year, the stocks most inversely correlated with Resources Connection (RGP) are HDGE (-0.39), WEBS (-0.32) and DWSH (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these RGP correlations calculated?
- We compute the correlation of daily returns between RGP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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