Equus Total Correlations

Stocks . USA . 
Stock . Equus Total Return
EQS Stock  USD 1.34  0.04  3.08%   
The current 90-days correlation between Equus Total Return and RENN Fund is 0.15 (i.e., Average diversification). The correlation of Equus Total 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Equus Total Correlation With Market

Good diversification

The correlation between Equus Total Return and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equus Total Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equus Total Return. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Equus Stock

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Moving against Equus Stock

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  0.62LC LendingClub CorpPairCorr
  0.53HG Hamilton Insurance Group,PairCorr
  0.53PX P10 IncPairCorr
  0.51QD Qudian IncPairCorr
  0.5LX Lexinfintech HoldingsPairCorr
  0.44RM Regional Management Corp Earnings Call This WeekPairCorr
  0.33CM Canadian Imperial BankPairCorr

Related Correlations Analysis

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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   
RCG
+ 0.82
GCV
RCG
+ 0.69
CIF
CIF
+ 0.61
RAND
RCG
+ 0.6
RAND
CIF
+ 0.6
GCV
GCV
+ 0.43
RAND
  
High negative correlations   
EEA
- 0.32
GCV
EEA
- 0.25
RAND
EEA
- 0.12
RCG

Risk-Adjusted Indicators

There is a big difference between Equus Stock performing well and Equus Total 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 Equus Total's 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.

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