RENN Fund Correlations

RCG Stock

USD 2.87 0.22 8.30%

The current 90-days correlation between RENN Fund and MFS Special Value is -0.03 (i.e., Good 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

Average diversification

The correlation between RENN Fund and DJI is 0.11 (i.e., Average 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

0.82	FDUS	Fidus Investment Corp	Pair Corr
0.86	AXP	American Express Earnings Call This Week	Pair Corr
0.77	GLAD	Gladstone Capital	Pair Corr
0.68	MAIN	Main Street Capital	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr
0.76	L	Loews Corp Earnings Call This Week	Pair Corr
0.78	V	Visa Class A	Pair Corr
0.75	BK	Bank of New York	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Earnings Call Tomorrow	Pair Corr
0.7	CG	Carlyle Group	Pair Corr
0.8	GS	Goldman Sachs Group	Pair Corr
0.66	HG	Hamilton Insurance Group,	Pair Corr
0.77	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.71	LX	Lexinfintech Holdings	Pair Corr
0.64	MC	Moelis	Pair Corr
0.69	MS	Morgan Stanley Sell-off Trend	Pair Corr

Moving against RENN Stock

0.72	WHF	WhiteHorse Finance	Pair Corr
0.64	PSEC	Prospect Capital	Pair Corr
0.56	HRZN	Horizon Technology	Pair Corr
0.48	PFLT	PennantPark Floating Rate	Pair Corr
0.47	CB	Chubb Earnings Call This Week	Pair Corr
0.42	GAIN	Gladstone Investment	Pair Corr
0.38	AB	AllianceBernstein Normal Trading	Pair Corr
0.76	XP	Xp Inc	Pair Corr
0.62	NU	Nu Holdings Sell-off Trend	Pair Corr
0.59	LU	Lufax Holding	Pair Corr
0.49	WU	Western Union Sell-off Trend	Pair Corr
0.42	WD	Walker Dunlop Normal Trading	Pair Corr
0.41	KB	KB Financial Group	Pair Corr
0.41	WF	Woori Financial Group	Pair Corr
0.34	TD	Toronto Dominion Bank Sell-off Trend	Pair Corr

Related Correlations Analysis

	ECF	VFL	NXJ	HEQ	GLV	GLO	DDWWF	IAE	MFV
ECF		-0.2	-0.21	-0.11	-0.48	0.05	0.68	-0.68	-0.29	ECF
VFL	-0.2		0.91	0.89	0.81	0.6	-0.44	0.55	0.02	VFL
NXJ	-0.21	0.91		0.82	0.71	0.68	-0.61	0.62	0.3	NXJ
HEQ	-0.11	0.89	0.82		0.74	0.59	-0.41	0.59	0.04	HEQ
GLV	-0.48	0.81	0.71	0.74		0.65	-0.48	0.71	0.02	GLV
GLO	0.05	0.6	0.68	0.59	0.65		-0.3	0.43	0.26	GLO
DDWWF	0.68	-0.44	-0.61	-0.41	-0.48	-0.3		-0.77	-0.52	DDWWF
IAE	-0.68	0.55	0.62	0.59	0.71	0.43	-0.77		0.41	IAE
MFV	-0.29	0.02	0.3	0.04	0.02	0.26	-0.52	0.41		MFV
	ECF	VFL	NXJ	HEQ	GLV	GLO	DDWWF	IAE	MFV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NXJ	+ 0.91	VFL
HEQ	+ 0.89	VFL
HEQ	+ 0.82	NXJ
GLV	+ 0.81	VFL
GLV	+ 0.74	HEQ
GLV	+ 0.71	NXJ

High negative correlations

IAE	- 0.77	DDWWF
IAE	- 0.68	ECF
DDWWF	- 0.61	NXJ
MFV	- 0.52	DDWWF
DDWWF	- 0.48	GLV
GLV	- 0.48	ECF

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	0.73	0.12	0.12	0.28	0.71	(0.85)	1.62	(1.37)	3.76
VFL	0.60	(0.08)	0.00	(0.25)	0.00	0.00	1.12	(1.22)	2.66
NXJ	0.53	(0.07)	0.00	(0.31)	0.00	0.00	1.08	(1.10)	2.59
HEQ	0.54	(0.03)	0.00	(0.14)	0.00	0.00	1.03	(0.97)	2.55
GLV	0.67	(0.07)	0.00	(0.16)	0.00	0.00	1.49	(1.73)	5.42
GLO	0.58	(0.01)	(0.04)	(0.01)	0.68	(0.69)	1.38	(1.17)	3.55
DDWWF	3.07	0.55	0.07	(4.20)	3.60	(6.18)	9.12	(8.43)	24.58
IAE	0.66	(0.06)	0.00	(0.27)	0.00	0.00	1.31	(1.45)	4.72
MFV	0.68	(0.03)	0.00	(27.56)	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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC