Equus Total Correlations

EQS Stock

USD 1.35 0.03 2.27%

The current 90-days correlation between Equus Total Return and RENN Fund is 0.1 (i.e., Average diversification). The correlation of Equus Total 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Equus Total Correlation With Market

Significant diversification

The correlation between Equus Total Return and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equus Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equus Total Return. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Equus Stock

0.76	V	Visa Class A	Pair Corr
0.74	MA	Mastercard	Pair Corr
0.73	FDUS	Fidus Investment Corp	Pair Corr
0.83	COF	Capital One Financial	Pair Corr
0.79	DFS	Discover Financial	Pair Corr
0.71	GBDC	Golub Capital BDC	Pair Corr
0.72	NMFC	New Mountain Finance	Pair Corr
0.82	NTRS	Northern Trust	Pair Corr
0.67	TCPC	BlackRock TCP Capital	Pair Corr
0.63	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.66	TSLX	Sixth Street Specialty	Pair Corr
0.75	C	Citigroup	Pair Corr
0.86	BK	Bank of New York	Pair Corr

Moving against Equus Stock

0.51	PYPL	PayPal Holdings	Pair Corr
0.43	FHI	Federated Investors	Pair Corr
0.43	AMTD	AMTD IDEA Group	Pair Corr
0.38	AMG	Affiliated Managers	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.46	CM	Canadian Imperial Bank	Pair Corr
0.42	EG	Everest Group	Pair Corr

Related Correlations Analysis

	RAND	GCV	CIF	RCG	EEA
RAND		0.22	0.62	0.47	0.69	RAND
GCV	0.22		0.55	0.53	0.69	GCV
CIF	0.62	0.55		0.72	0.64	CIF
RCG	0.47	0.53	0.72		0.65	RCG
EEA	0.69	0.69	0.64	0.65		EEA
	RAND	GCV	CIF	RCG	EEA

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Risk-Adjusted Indicators

There is a big difference between Equus Stock performing well and Equus Total 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 Equus Total'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
RAND	2.45	1.10	0.45	51.30	1.66	(3.08)	7.97	(2.65)	20.75
GCV	0.92	0.05	0.04	0.09	1.11	(1.02)	1.83	(1.55)	5.96
CIF	0.45	0.06	0.07	0.28	0.41	(0.71)	1.18	(1.15)	2.90
RCG	2.61	0.32	0.09	0.43	3.29	(2.95)	6.04	(5.56)	24.95
EEA	0.61	0.12	0.16	0.52	0.56	(0.73)	1.56	(0.96)	3.61

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