Small Cap Correlations

RCC Stock

USD 24.88 0.04 0.16%

The current 90-days correlation between Small Cap Premium and Brightspire Capital is -0.23 (i.e., Very good diversification). The correlation of Small Cap 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Premium and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Premium and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Small Stock

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

Moving together with Small Stock

0.66	PR	Permian Resources Aggressive Push	Pair Corr
0.65	SD	SandRidge Energy	Pair Corr
0.83	SDE	Spartan Delta Corp	Pair Corr
0.88	EFXT	Enerflex	Pair Corr
0.74	BTE	Baytex Energy Corp	Pair Corr
0.85	COP	ConocoPhillips	Pair Corr
0.67	DVN	Devon Energy	Pair Corr
0.63	GTE	Gran Tierra Energy	Pair Corr

Moving against Small Stock

0.88	VIVK	Vivakor	Pair Corr
0.67	EONR	EON Resources	Pair Corr
0.5	EPSN	Epsilon Energy	Pair Corr
0.45	SHE	Stonehorse Energy	Pair Corr
0.44	SM	SM Energy	Pair Corr
0.41	JGH	Jade Gas Holdings	Pair Corr
0.47	BRN	Barnwell Industries	Pair Corr
0.45	KRP	Kimbell Royalty Partners	Pair Corr
0.43	GBR	New Concept Energy	Pair Corr
0.38	MTR	Mesa Royalty Trust	Pair Corr

Related Correlations Analysis

	LAND	ADAM	INN	GOOD	BDN	TRTX	WSR	NHPAP	KREF	BRSP
LAND		0.64	-0.24	0.62	0.02	0.53	0.43	0.27	-0.29	0.31	LAND
ADAM	0.64		-0.66	0.54	-0.47	0.84	0.78	0.78	0.11	0.84	ADAM
INN	-0.24	-0.66		-0.23	0.66	-0.49	-0.66	-0.64	-0.06	-0.72	INN
GOOD	0.62	0.54	-0.23		0.19	0.41	0.1	0.21	-0.04	0.21	GOOD
BDN	0.02	-0.47	0.66	0.19		-0.49	-0.78	-0.76	-0.13	-0.78	BDN
TRTX	0.53	0.84	-0.49	0.41	-0.49		0.72	0.76	0.23	0.85	TRTX
WSR	0.43	0.78	-0.66	0.1	-0.78	0.72		0.81	-0.07	0.87	WSR
NHPAP	0.27	0.78	-0.64	0.21	-0.76	0.76	0.81		0.35	0.93	NHPAP
KREF	-0.29	0.11	-0.06	-0.04	-0.13	0.23	-0.07	0.35		0.31	KREF
BRSP	0.31	0.84	-0.72	0.21	-0.78	0.85	0.87	0.93	0.31		BRSP
	LAND	ADAM	INN	GOOD	BDN	TRTX	WSR	NHPAP	KREF	BRSP

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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

BRSP	+ 0.93	NHPAP
BRSP	+ 0.87	WSR
BRSP	+ 0.85	TRTX
TRTX	+ 0.84	ADAM
BRSP	+ 0.84	ADAM
NHPAP	+ 0.81	WSR

High negative correlations

BRSP	- 0.78	BDN
WSR	- 0.78	BDN
NHPAP	- 0.76	BDN
BRSP	- 0.72	INN
WSR	- 0.66	INN
INN	- 0.66	ADAM

Risk-Adjusted Indicators

There is a big difference between Small Stock performing well and Small Cap 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 Small Cap'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
LAND	1.06	0.10	0.06	0.20	1.12	(1.21)	2.26	(1.75)	8.31
ADAM	1.34	0.28	0.15	0.44	1.54	(1.56)	3.31	(1.90)	9.42
INN	1.72	(0.19)	0.00	(0.54)	0.00	0.00	3.84	(3.72)	11.15
GOOD	0.98	0.04	(0.02)	(0.31)	1.65	(0.89)	2.31	(1.98)	7.41
BDN	1.61	(0.43)	0.00	(0.84)	0.00	0.00	3.42	(3.78)	9.05
TRTX	0.84	0.02	0.00	0.10	1.09	(0.83)	1.47	(1.65)	6.00
WSR	0.91	0.26	0.17	(3.13)	0.73	(1.07)	1.91	(1.35)	10.71
NHPAP	0.54	0.15	0.11	(3.49)	0.43	(0.62)	1.03	(1.07)	4.13
KREF	1.24	(0.09)	0.00	(0.03)	0.00	0.00	2.66	(2.77)	6.97
BRSP	0.88	0.16	0.13	0.35	0.68	(1.11)	2.26	(1.54)	4.36

Small Cap Corporate Management

Dominique Mielle	Independent Director	Profile
Gilbert Nathan	Independent Director	Profile
Frank Filipps	Independent Director	Profile
Adam Zausmer	Chief Credit Officer	Profile
Julius Erving	Director	Profile

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