Retractable Technologies, Inc (RVP) — Stock Correlations & Overview
Over the past year, RVP has moved most closely with PRPO, FATE, BOC. Explore the stocks most correlated and inversely correlated with RVP below, along with its price, financials, and company profile.
Stocks correlated with RVP
Correlation of daily returns. Higher positive values move with RVP; negative values move opposite it. Informational only, not investment advice.
Most correlated with RVP
| Symbol | Company | Correlation |
|---|---|---|
| PRPO | Precipio, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.28 |
| FATE | Fate Therapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.27 |
| BOC | Boston Omaha CorporationREAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS | 0.26 |
| SURI | Simplify Propel Opportunities ETF | 0.26 |
| MSN | Emerson Radio Corp.HOUSEHOLD AUDIO & VIDEO EQUIPMENT | 0.24 |
Most inversely correlated with RVP
| Symbol | Company | Correlation |
|---|---|---|
| VNTG | Vantage Corp | -0.23 |
| JRVR | James River Group Holdings, Inc. Common StockFIRE, MARINE & CASUALTY INSURANCE | -0.19 |
| DEI | Douglas Emmett, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.18 |
| CAH | Cardinal Health, Inc.WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES | -0.18 |
| EMBC | Embecta Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.18 |
Frequently asked questions about RVP correlations
- Which stocks are most correlated with RVP?
- Based on one year of daily returns, the stocks most correlated with Retractable Technologies, Inc (RVP) are PRPO (0.28), FATE (0.27) and BOC (0.26). 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 RVP?
- Over the past year, the stocks most inversely correlated with Retractable Technologies, Inc (RVP) are VNTG (-0.23), JRVR (-0.19) and DEI (-0.18). 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 RVP correlations calculated?
- We compute the correlation of daily returns between RVP 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.