RENN Fund Correlations

RCG Stock

USD 2.47 0.30 10.83%

The current 90-days correlation between RENN Fund and MFS Special Value is 0.07 (i.e., Significant diversification). The correlation of RENN Fund 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.

RENN Fund Correlation With Market

Weak diversification

The correlation between RENN Fund and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RENN Fund 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 RENN Fund. 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.

For more detail on how to invest in RENN Stock please use our How to Invest in RENN Fund guide.

Moving together with RENN Stock

0.78	V	Visa Class A	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.64	AB	AllianceBernstein	Pair Corr
0.72	AC	Associated Capital	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.86	CG	Carlyle Group	Pair Corr
0.84	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.73	LX	Lexinfintech Holdings Trending	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.75	MC	Moelis	Pair Corr
0.88	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.93	PX	P10 Inc	Pair Corr
0.79	QD	Qudian Inc Upward Rally	Pair Corr
0.92	SF	Stifel Financial Earnings Call Today	Pair Corr
0.73	TW	Tradeweb Markets	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.91	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.63	GCMGW	GCM Grosvenor	Pair Corr
0.69	DUET	DUET Acquisition Corp	Pair Corr
0.79	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr
0.83	VRTS	Virtus Investment	Pair Corr

Moving against RENN Stock

0.52	PT	Pintec Technology	Pair Corr
0.82	XP	Xp Inc Sell-off Trend	Pair Corr
0.71	WU	Western Union	Pair Corr
0.55	RM	Regional Management Corp	Pair Corr
0.73	BRKHU	BurTech Acquisition Corp	Pair Corr
0.7	BRACU	Broad Capital Acquisition	Pair Corr
0.52	PFTAU	Portage Fintech Acqu	Pair Corr
0.43	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	ECF	VFL	NXJ	HEQ	GLV	GLO	DDWWF	IAE	MFV
ECF		-0.55	-0.43	0.52	0.61	0.5	0.61	0.05	0.0	ECF
VFL	-0.55		0.87	0.1	-0.02	0.17	0.11	0.38	-0.45	VFL
NXJ	-0.43	0.87		0.32	0.2	0.34	0.2	0.46	-0.5	NXJ
HEQ	0.52	0.1	0.32		0.73	0.78	0.6	0.7	-0.51	HEQ
GLV	0.61	-0.02	0.2	0.73		0.9	0.64	0.54	-0.42	GLV
GLO	0.5	0.17	0.34	0.78	0.9		0.59	0.7	-0.51	GLO
DDWWF	0.61	0.11	0.2	0.6	0.64	0.59		0.33	-0.52	DDWWF
IAE	0.05	0.38	0.46	0.7	0.54	0.7	0.33		-0.68	IAE
MFV	0.0	-0.45	-0.5	-0.51	-0.42	-0.51	-0.52	-0.68		MFV
	ECF	VFL	NXJ	HEQ	GLV	GLO	DDWWF	IAE	MFV

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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

GLO	+ 0.9	GLV
NXJ	+ 0.87	VFL
GLO	+ 0.78	HEQ
GLV	+ 0.73	HEQ
IAE	+ 0.7	HEQ
IAE	+ 0.7	GLO

High negative correlations

MFV	- 0.68	IAE
VFL	- 0.55	ECF
MFV	- 0.52	DDWWF
MFV	- 0.51	GLO
MFV	- 0.51	HEQ
MFV	- 0.5	NXJ

Risk-Adjusted Indicators

There is a big difference between RENN Stock performing well and RENN Fund 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 RENN Fund'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
ECF	0.65	0.18	0.15	0.53	0.39	(0.76)	1.59	(1.26)	3.49
VFL	0.47	(0.06)	0.00	(0.20)	0.00	0.00	0.99	(1.13)	2.79
NXJ	0.37	(0.02)	(0.19)	0.00	0.55	(0.36)	0.78	(0.81)	2.32
HEQ	0.46	0.02	(0.09)	0.19	0.54	(0.47)	0.92	(0.82)	2.50
GLV	0.61	(0.03)	(0.11)	0.05	0.78	(0.68)	1.38	(1.22)	4.91
GLO	0.48	(0.06)	(0.15)	0.01	0.57	(0.60)	1.16	(1.15)	3.03
DDWWF	3.07	0.52	0.06	2.59	3.60	(6.18)	9.12	(8.43)	24.58
IAE	0.75	(0.05)	0.00	(0.04)	0.00	0.00	1.57	(1.96)	8.11
MFV	0.68	(0.04)	0.00	(0.20)	0.00	0.00	1.95	(1.21)	4.79

RENN Fund Corporate Management

George CFA	Chief Chairman	Profile
J McCormick	Independent Director	Profile
Lynne Simon	Chief Compliance Officer, Secretary	Profile
Murray Stahl	President, Chairman	Profile

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