Small Cap Correlations

RCC Stock

USD 24.95 0.05 0.20%

The current 90-days correlation between Small Cap Premium and Brightspire Capital is 0.09 (i.e., Significant 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.

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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 private.

Moving together with Small Stock

0.71	SD	SandRidge Energy	Pair Corr
0.72	RBY	Rubellite Energy	Pair Corr
0.78	SDE	Spartan Delta Corp	Pair Corr
0.81	VIST	Vista Oil Gas	Pair Corr
0.78	600938	CNOOC Limited	Pair Corr
0.78	EFXT	Enerflex	Pair Corr
0.65	ERHE	ERHC Energy	Pair Corr
0.66	CWV	Crown Point Energy	Pair Corr
0.65	BKV	BKV Corporation	Pair Corr
0.63	BSM	Black Stone Minerals	Pair Corr

Moving against Small Stock

0.88	CLON	Clontarf Energy Plc	Pair Corr
0.81	EP	Empire Petroleum Corp	Pair Corr
0.79	VG	Venture Global,	Pair Corr
0.77	SM	SM Energy	Pair Corr
0.68	JGH	Jade Gas Holdings	Pair Corr
0.68	DMLP	Dorchester Minerals	Pair Corr
0.67	VIVK	Vivakor	Pair Corr
0.64	AXP	AXP Energy Split	Pair Corr
0.53	EW	East West Petroleum Split	Pair Corr
0.5	EPSN	Epsilon Energy	Pair Corr
0.37	OBE	Obsidian Energy	Pair Corr
0.35	CEQ	Criterium Energy	Pair Corr
0.33	EU	enCore Energy Corp	Pair Corr
0.89	EPM	Evolution Petroleum	Pair Corr
0.82	GBR	New Concept Energy	Pair Corr
0.78	MTR	Mesa Royalty Trust	Pair Corr
0.77	CRC	California Resources Corp	Pair Corr
0.77	EGY	Vaalco Energy	Pair Corr
0.75	BRY	Berry Petroleum Corp	Pair Corr
0.75	KOS	Kosmos Energy	Pair Corr
0.72	MNR	Mach Natural Resources	Pair Corr

Related Correlations Analysis

	LAND	ADAM	INN	GOOD	BDN	TRTX	WSR	NHPAP	KREF	BRSP
LAND		0.28	0.02	-0.35	-0.37	0.14	0.37	0.27	-0.52	-0.06	LAND
ADAM	0.28		0.0	-0.14	-0.21	0.58	0.57	0.53	-0.03	0.65	ADAM
INN	0.02	0.0		0.8	0.83	0.1	-0.18	-0.56	0.59	0.05	INN
GOOD	-0.35	-0.14	0.8		0.96	0.01	-0.29	-0.47	0.88	0.18	GOOD
BDN	-0.37	-0.21	0.83	0.96		-0.14	-0.41	-0.59	0.83	0.0	BDN
TRTX	0.14	0.58	0.1	0.01	-0.14		0.74	0.27	0.04	0.75	TRTX
WSR	0.37	0.57	-0.18	-0.29	-0.41	0.74		0.53	-0.33	0.67	WSR
NHPAP	0.27	0.53	-0.56	-0.47	-0.59	0.27	0.53		-0.24	0.53	NHPAP
KREF	-0.52	-0.03	0.59	0.88	0.83	0.04	-0.33	-0.24		0.33	KREF
BRSP	-0.06	0.65	0.05	0.18	0.0	0.75	0.67	0.53	0.33		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

BDN	+ 0.96	GOOD
KREF	+ 0.88	GOOD
BDN	+ 0.83	INN
KREF	+ 0.83	BDN
GOOD	+ 0.8	INN
BRSP	+ 0.75	TRTX

High negative correlations

NHPAP	- 0.59	BDN
NHPAP	- 0.56	INN
KREF	- 0.52	LAND
NHPAP	- 0.47	GOOD
WSR	- 0.41	BDN
BDN	- 0.37	LAND

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	1.01	(0.03)	(0.04)	0.06	1.14	(1.17)	2.57	(1.73)	8.34
ADAM	1.27	(0.05)	(0.04)	0.03	1.67	(1.39)	2.28	(2.58)	9.41
INN	1.59	(0.25)	0.00	(0.09)	0.00	0.00	3.33	(3.05)	11.15
GOOD	1.01	(0.32)	0.00	(0.23)	0.00	0.00	2.27	(2.04)	8.11
BDN	1.46	(0.60)	0.00	(0.75)	0.00	0.00	2.80	(3.72)	8.78
TRTX	0.89	(0.09)	0.00	(0.02)	0.00	0.00	1.78	(2.18)	5.96
WSR	1.04	0.06	(0.01)	0.29	1.07	(1.17)	2.20	(1.67)	10.71
NHPAP	0.66	0.11	0.05	0.62	0.52	(0.79)	1.74	(1.03)	4.11
KREF	1.15	(0.17)	0.00	(0.17)	0.00	0.00	2.28	(2.52)	5.96
BRSP	1.03	0.02	(0.03)	0.18	1.29	(1.14)	2.32	(1.57)	6.28

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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