RENN Fund Correlations

RCG Stock

USD 2.81 0.02 0.72%

The current 90-days correlation between RENN Fund and River Oak Discovery is -0.16 (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

Very weak diversification

The correlation between RENN Fund and DJI is 0.48 (i.e., Very 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.

Build AI portfolio with RENN Stock

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 services.

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

0.62	HHI	Henderson High Income	Pair Corr
0.66	FT	Franklin Universal Closed	Pair Corr
0.71	PX	P10 Inc Symbol Change	Pair Corr
0.61	RA	Brookfield Real Assets	Pair Corr
0.77	WT	WisdomTree	Pair Corr
0.65	MNG	MG Plc	Pair Corr
0.73	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.72	MNTN	Schiehallion Fund	Pair Corr

Moving against RENN Stock

0.65	55O1	Apollo Investment Corp	Pair Corr
0.49	BX	Blackstone Group	Pair Corr
0.4	NP	Neptune Insurance Earnings Call Tomorrow	Pair Corr
0.75	MFG	Magellan Financial Earnings Call Tomorrow	Pair Corr
0.39	DMYY	dMY Squared Technology	Pair Corr
0.51	TIP	Teaminvest Private	Pair Corr
0.37	OEQ	Orion Equities	Pair Corr

Related Correlations Analysis

	GAAEX	PACJX	IASMX	GGM	FIRMX	MASFX	FRIMX	CNGLX	ASCGX	RIVSX
GAAEX		0.91	0.85	0.94	0.96	0.0	0.96	0.84	0.62	0.94	GAAEX
PACJX	0.91		0.92	0.97	0.95	0.0	0.95	0.93	0.76	0.94	PACJX
IASMX	0.85	0.92		0.88	0.93	0.0	0.93	0.93	0.62	0.91	IASMX
GGM	0.94	0.97	0.88		0.95	0.0	0.95	0.91	0.77	0.96	GGM
FIRMX	0.96	0.95	0.93	0.95		0.0	1.0	0.91	0.67	0.96	FIRMX
MASFX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MASFX
FRIMX	0.96	0.95	0.93	0.95	1.0	0.0		0.91	0.67	0.96	FRIMX
CNGLX	0.84	0.93	0.93	0.91	0.91	0.0	0.91		0.62	0.89	CNGLX
ASCGX	0.62	0.76	0.62	0.77	0.67	0.0	0.67	0.62		0.71	ASCGX
RIVSX	0.94	0.94	0.91	0.96	0.96	0.0	0.96	0.89	0.71		RIVSX
	GAAEX	PACJX	IASMX	GGM	FIRMX	MASFX	FRIMX	CNGLX	ASCGX	RIVSX

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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

FRIMX	+ 1.0	FIRMX
GGM	+ 0.97	PACJX
FIRMX	+ 0.96	GAAEX
FRIMX	+ 0.96	GAAEX
RIVSX	+ 0.96	GGM
RIVSX	+ 0.96	FIRMX

High negative correlations

RIVSX	- 0.0	MASFX
ASCGX	- 0.0	MASFX
CNGLX	- 0.0	MASFX
FRIMX	- 0.0	MASFX
MASFX	- 0.0	FIRMX
MASFX	- 0.0	GGM

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
GAAEX	0.90	0.06	0.05	0.12	1.14	(0.96)	1.84	(2.15)	4.15
PACJX	0.50	0.01	(0.02)	0.07	0.65	(0.50)	0.96	(1.12)	2.96
IASMX	0.79	0.14	0.13	0.38	0.61	(0.96)	1.61	(1.21)	7.84
GGM	0.68	0.03	0.03	0.10	0.72	(0.73)	1.50	(1.49)	3.84
FIRMX	0.16	0.02	(0.15)	0.18	0.00	(0.18)	0.36	(0.30)	0.87
MASFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRIMX	0.15	0.02	(0.15)	0.18	0.00	(0.17)	0.36	(0.30)	0.86
CNGLX	0.60	0.05	0.04	0.12	0.68	(0.67)	1.15	(1.20)	5.46
ASCGX	1.22	(0.06)	(0.02)	0.01	1.70	(1.28)	2.19	(2.53)	7.78
RIVSX	0.78	0.12	0.13	0.17	0.74	(0.92)	2.14	(1.42)	4.87

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