Equus Total Correlations

EQS Stock

USD 1.09 0.02 1.87%

The current 90-days correlation between Equus Total Return and Rand Capital Corp is -0.08 (i.e., Good 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

Modest diversification

The correlation between Equus Total Return and DJI is 0.21 (i.e., Modest 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

0.63	AC	Associated Capital	Pair Corr
0.77	BK	Bank of New York	Pair Corr
0.72	MFIC	MidCap Financial Inv	Pair Corr
0.71	GCMGW	GCM Grosvenor	Pair Corr
0.73	MRCC	Monroe Capital Corp	Pair Corr
0.78	NMFC	New Mountain Finance	Pair Corr
0.86	NTRS	Northern Trust	Pair Corr
0.87	FDUS	Fidus Investment Corp	Pair Corr
0.61	OCCI	OFS Credit	Pair Corr
0.67	BAM	Brookfield Asset Man	Pair Corr
0.71	BUR	Burford Capital	Pair Corr

Moving against Equus Stock

0.44	MGLD	Marygold Companies	Pair Corr
0.34	DHIL	Diamond Hill Investment	Pair Corr
0.32	PSEC-PA	Prospect Capital	Pair Corr
0.42	FHI	Federated Investors	Pair Corr

Related Correlations Analysis

	RAND	GCV	CIF	RCG	EEA
RAND		0.57	0.5	0.51	0.5	RAND
GCV	0.57		0.54	0.5	0.39	GCV
CIF	0.5	0.54		0.47	0.25	CIF
RCG	0.51	0.5	0.47		0.33	RCG
EEA	0.5	0.39	0.25	0.33		EEA
	RAND	GCV	CIF	RCG	EEA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	3.20	0.34	0.10	(0.43)	4.38	(3.65)	7.25	(6.99)	31.44
GCV	0.82	0.05	0.09	1.20	1.01	(0.94)	1.90	(1.60)	5.53
CIF	0.43	0.02	0.11	(0.32)	0.46	(0.68)	0.60	(1.16)	2.96
RCG	2.38	0.06	0.00	(0.02)	0.00	0.00	4.71	(5.56)	24.72
EEA	0.67	0.17	0.22	2.96	0.81	(0.74)	1.47	(1.32)	5.11

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