Small Cap Correlations

RCC Stock

USD 24.44 0.12 0.49%

The current 90-days correlation between Small Cap Premium and Ready Capital is -0.24 (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

Significant diversification

The correlation between Small Cap Premium and DJI is 0.01 (i.e., Significant 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.

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 main economic indicators.

Moving together with Small Stock

0.69	INBKZ	First Internet Bancorp	Pair Corr
0.82	OXSQZ	Oxford Square Capital	Pair Corr
0.73	RILYM	B Riley Financial,	Pair Corr
0.83	SACC	Sachem Capital Corp	Pair Corr
0.69	AE	Adams Resources Energy	Pair Corr
0.8	EE	Excelerate Energy	Pair Corr
0.66	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.65	NC	NACCO Industries	Pair Corr
0.78	TS	Tenaris SA ADR	Pair Corr
0.77	DMLP	Dorchester Minerals	Pair Corr
0.77	VNOM	Viper Energy Ut	Pair Corr

Moving against Small Stock

0.88	EC	Ecopetrol SA ADR	Pair Corr
0.84	DINO	HF Sinclair Corp	Pair Corr
0.84	BP	BP PLC ADR	Pair Corr
0.7	DK	Delek Energy	Pair Corr
0.64	SFB	Stifel Financial	Pair Corr
0.64	E	Eni SpA ADR	Pair Corr
0.74	WFRD	Weatherford International	Pair Corr
0.72	SD	SandRidge Energy	Pair Corr
0.69	EQNR	Equinor ASA ADR	Pair Corr
0.63	BROGW	Brooge Energy Limited	Pair Corr
0.6	NE	Noble plc	Pair Corr
0.58	EONR	EON Resources Symbol Change	Pair Corr
0.57	NR	Newpark Resources	Pair Corr
0.48	VIVK	Vivakor	Pair Corr
0.38	VTLE	Vital Energy	Pair Corr
0.31	TK	Teekay	Pair Corr

Related Correlations Analysis

	RSF	RMT	IGA	RCB
RSF		0.45	0.74	0.83	RSF
RMT	0.45		0.69	0.53	RMT
IGA	0.74	0.69		0.75	IGA
RCB	0.83	0.53	0.75		RCB
	RSF	RMT	IGA	RCB

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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
RSF	0.31	0.02	(0.14)	0.26	0.37	(0.33)	0.61	(0.79)	1.71
RMT	0.98	(0.06)	(0.01)	0.06	1.07	(1.10)	2.14	(1.81)	6.83
IGA	0.46	0.04	(0.04)	0.18	0.37	(0.58)	1.18	(0.86)	2.65
RCB	0.25	0.04	(0.16)	(0.44)	0.36	(0.26)	0.67	(0.57)	1.64

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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