RENN Fund Correlations

RCG Stock

USD 2.57 0.09 3.63%

The current 90-days correlation between RENN Fund and Global E Online is -0.08 (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

Good diversification

The correlation between RENN Fund and DJI is -0.12 (i.e., Good 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 private.

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

Moving against RENN Stock

0.44	ATT	Allianz Technology Trust	Pair Corr
0.4	HQH	Tekla Healthcare Inv	Pair Corr
0.39	BTI	Bailador Technology	Pair Corr
0.38	HRI	Herald Investment Trust	Pair Corr
0.38	VFL	Delaware Investments	Pair Corr
0.37	BKN	BlackRock Investment	Pair Corr
0.37	LWI	Lowland Investment Earnings Call Tomorrow	Pair Corr
0.36	ACQ	Acorn Capital Investment	Pair Corr
0.33	INFOMEDIA	Infomedia Press	Pair Corr
0.32	VINP	Vinci Partners Inves	Pair Corr
0.31	BIOG	Biotech Growth	Pair Corr
0.54	CGI	Canadian General Inv	Pair Corr
0.51	MRC	The Mercantile Investment	Pair Corr
0.5	MNKS	Monks Investment Trust	Pair Corr
0.49	BRWM	Blackrock World Mining	Pair Corr
0.46	TMPL	Temple Bar Investment	Pair Corr
0.44	PCT	Polar Capital Technology	Pair Corr
0.39	FCIT	FC Investment Trust	Pair Corr
0.38	TFG	Tetragon Financial	Pair Corr
0.36	RICA	Ruffer Investment	Pair Corr

Related Correlations Analysis

	GLBE	PSDMF	ZZHGY	CSXXY	EVVTY	KSMRF	BYD	CDROW
GLBE		-0.08	0.0	-0.29	-0.21	0.0	-0.02	-0.35	GLBE
PSDMF	-0.08		0.0	-0.32	-0.33	0.0	-0.01	-0.21	PSDMF
ZZHGY	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	ZZHGY
CSXXY	-0.29	-0.32	0.0		0.89	0.0	0.65	0.89	CSXXY
EVVTY	-0.21	-0.33	0.0	0.89		0.0	0.77	0.91	EVVTY
KSMRF	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	KSMRF
BYD	-0.02	-0.01	0.0	0.65	0.77	0.0		0.73	BYD
CDROW	-0.35	-0.21	0.0	0.89	0.91	0.0	0.73		CDROW
	GLBE	PSDMF	ZZHGY	CSXXY	EVVTY	KSMRF	BYD	CDROW

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

CDROW	+ 0.91	EVVTY
EVVTY	+ 0.89	CSXXY
CDROW	+ 0.89	CSXXY
BYD	+ 0.77	EVVTY
CDROW	+ 0.73	BYD
BYD	+ 0.65	CSXXY

High negative correlations

KSMRF	- 1.0	ZZHGY
CDROW	- 0.35	GLBE
EVVTY	- 0.33	PSDMF
CSXXY	- 0.32	PSDMF
CSXXY	- 0.29	GLBE
CDROW	- 0.21	PSDMF

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
GLBE	1.83	0.20	0.09	0.21	1.96	(2.03)	4.66	(3.58)	9.73
PSDMF	0.25	(0.01)	0.00	0.00	0.00	0.00	0.00	0.00	8.33
ZZHGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSXXY	1.45	(0.32)	0.00	(0.27)	0.00	0.00	3.06	(3.70)	13.25
EVVTY	1.36	(0.40)	0.00	31.41	0.00	0.00	2.28	(3.52)	11.17
KSMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYD	1.08	(0.10)	0.00	(0.13)	0.00	0.00	1.97	(2.25)	9.71
CDROW	2.36	(0.28)	0.00	0.36	0.00	0.00	4.40	(6.98)	17.26

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

2025 Macroaxis LLC