Rand Capital Correlations

RAND Stock

USD 11.06 0.07 0.64%

The current 90-days correlation between Rand Capital Corp and Investcorp Credit Management is 0.12 (i.e., Average diversification). The correlation of Rand Capital 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.

Rand Capital Correlation With Market

Excellent diversification

The correlation between Rand Capital Corp and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rand Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rand Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rand Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Rand Stock

0.72

55O1

Apollo Investment Corp

Pair Corr

Moving against Rand Stock

0.71	WT	WisdomTree	Pair Corr
0.69	FT	Franklin Universal Closed	Pair Corr
0.56	HHI	Henderson High Income	Pair Corr
0.54	BK	Bank of New York	Pair Corr
0.51	DHIL	Diamond Hill Investment	Pair Corr
0.51	RA	Brookfield Real Assets	Pair Corr
0.42	PX	P10 Inc Symbol Change	Pair Corr
0.38	SPT6	Beta Systems Software	Pair Corr
0.36	CG	Carlyle Group	Pair Corr
0.35	BN	Brookfield Corp	Pair Corr
0.73	MNTN	Schiehallion Fund	Pair Corr
0.66	MNG	MG Plc	Pair Corr
0.66	MIGO	Migo Opportunities Trust	Pair Corr
0.65	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.49	SSSS-P	Shooting Star Acquisition	Pair Corr
0.48	JLEN	JLEN Environmental Assets	Pair Corr
0.48	DBAN	Deutsche Beteiligungs	Pair Corr
0.41	EFF	Deutsche Effecten und	Pair Corr
0.37	TEK	Tekcapital plc	Pair Corr
0.69	PCFT	Polar Capital Global Earnings Call This Week	Pair Corr
0.69	SII	Sprott Inc Earnings Call This Week	Pair Corr
0.64	8KF	ICHIYOSHI SECS LTD	Pair Corr
0.6	XOX-P	Planet X Capital	Pair Corr
0.52	PNI	Pinnacle Investment	Pair Corr
0.5	SCGL	Sealand Capital Galaxy	Pair Corr
0.49	RNT	REINET INVESTMENTS SCA	Pair Corr
0.46	KUB1	Konsortium AG	Pair Corr

Related Correlations Analysis

	ICMB	MGLD	TOP	EQS	PDPA	LCAP	OMCC	OAKU	WINV	GROW
ICMB		0.35	-0.05	-0.41	0.5	0.4	-0.22	-0.01	0.0	0.62	ICMB
MGLD	0.35		-0.08	-0.18	0.34	0.22	-0.28	0.33	0.0	0.42	MGLD
TOP	-0.05	-0.08		0.58	-0.51	-0.33	0.54	-0.21	0.0	-0.35	TOP
EQS	-0.41	-0.18	0.58		-0.85	-0.73	0.79	0.03	0.0	-0.64	EQS
PDPA	0.5	0.34	-0.51	-0.85		0.69	-0.7	0.13	0.0	0.71	PDPA
LCAP	0.4	0.22	-0.33	-0.73	0.69		-0.66	-0.09	0.0	0.66	LCAP
OMCC	-0.22	-0.28	0.54	0.79	-0.7	-0.66		-0.12	0.0	-0.47	OMCC
OAKU	-0.01	0.33	-0.21	0.03	0.13	-0.09	-0.12		0.0	0.14	OAKU
WINV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	WINV
GROW	0.62	0.42	-0.35	-0.64	0.71	0.66	-0.47	0.14	0.0		GROW
	ICMB	MGLD	TOP	EQS	PDPA	LCAP	OMCC	OAKU	WINV	GROW

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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

OMCC	+ 0.79	EQS
GROW	+ 0.71	PDPA
LCAP	+ 0.69	PDPA
GROW	+ 0.66	LCAP
GROW	+ 0.62	ICMB
EQS	+ 0.58	TOP

High negative correlations

PDPA	- 0.85	EQS
LCAP	- 0.73	EQS
OMCC	- 0.7	PDPA
OMCC	- 0.66	LCAP
GROW	- 0.64	EQS
PDPA	- 0.51	TOP

Risk-Adjusted Indicators

There is a big difference between Rand Stock performing well and Rand Capital 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 Rand Capital'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ICMB	1.48	0.24	0.10	1.72	1.72	(1.79)	3.93	(2.44)	10.17
MGLD	5.81	0.28	0.04	0.45	6.07	(9.46)	14.29	(12.50)	54.52
TOP	1.78	(0.14)	0.00	(0.13)	0.00	0.00	2.91	(2.91)	12.56
EQS	2.44	(0.43)	0.00	(11.07)	0.00	0.00	4.48	(6.63)	14.02
PDPA	0.23	0.02	(0.10)	(1.83)	0.21	(0.31)	0.52	(0.45)	2.01
LCAP	0.70	(0.05)	(0.05)	0.01	0.97	(0.68)	1.20	(1.65)	6.08
OMCC	3.96	(0.11)	0.00	0.69	0.00	0.00	6.97	(7.79)	39.96
OAKU	0.39	0.00	(0.03)	0.01	0.69	(1.29)	1.24	(1.14)	6.66
WINV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GROW	2.09	0.53	0.18	4.59	2.05	(2.56)	7.83	(3.12)	20.56

Rand Capital Corporate Management

Deborah Pawlowski	Investor Relations	Profile
Heather Eastgate	Chief Officer	Profile
Brendan Fox	Assistant Controller	Profile
Margaret CPA	Treasurer, VP	Profile

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