Rand Capital Correlations

RAND Stock

USD 19.92 0.47 2.42%

The current 90-days correlation between Rand Capital Corp and Eaton Vance Senior is 0.11 (i.e., Average diversification). The correlation of Rand Capital 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.

Rand Capital Correlation With Market

Good diversification

The correlation between Rand Capital Corp and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rand Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rand Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Rand Stock

0.75	AC	Associated Capital	Pair Corr
0.73	BK	Bank of New York	Pair Corr
0.71	MFIC	MidCap Financial Inv	Pair Corr
0.82	GCMGW	GCM Grosvenor	Pair Corr
0.61	MRCC	Monroe Capital Corp	Pair Corr
0.76	NMFC	New Mountain Finance	Pair Corr
0.63	NTRS	Northern Trust	Pair Corr
0.61	OCCIM	OFS Credit ,	Pair Corr
0.69	OCCIN	OFS Credit	Pair Corr
0.82	FDUS	Fidus Investment Corp	Pair Corr
0.66	ATCO-PD	Atlas Corp	Pair Corr
0.62	OCCI	OFS Credit	Pair Corr
0.79	BUR	Burford Capital	Pair Corr

Moving against Rand Stock

0.6	MGLD	Marygold Companies	Pair Corr
0.56	VRTS	Virtus Investment	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.4	PSEC-PA	Prospect Capital	Pair Corr
0.32	WT	WisdomTree	Pair Corr
0.62	FHI	Federated Investors	Pair Corr
0.47	BCG	Binah Capital Group,	Pair Corr
0.43	AMG	Affiliated Managers	Pair Corr
0.43	HPH	Highest Performances	Pair Corr
0.35	BLK	BlackRock	Pair Corr

Related Correlations Analysis

	BGX	FCT	NSL	JRO	EVF	PIAC	AHFCF	BLRZF	URNAF	GCAAF
BGX		0.64	0.0	0.0	0.78	0.08	-0.25	0.0	0.44	0.73	BGX
FCT	0.64		0.0	0.0	0.49	-0.21	-0.61	0.0	0.44	0.45	FCT
NSL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NSL
JRO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JRO
EVF	0.78	0.49	0.0	0.0		0.13	0.07	0.0	0.37	0.78	EVF
PIAC	0.08	-0.21	0.0	0.0	0.13		0.12	0.0	-0.08	0.15	PIAC
AHFCF	-0.25	-0.61	0.0	0.0	0.07	0.12		0.0	-0.33	-0.13	AHFCF
BLRZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BLRZF
URNAF	0.44	0.44	0.0	0.0	0.37	-0.08	-0.33	0.0		0.62	URNAF
GCAAF	0.73	0.45	0.0	0.0	0.78	0.15	-0.13	0.0	0.62		GCAAF
	BGX	FCT	NSL	JRO	EVF	PIAC	AHFCF	BLRZF	URNAF	GCAAF

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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

EVF	+ 0.78	BGX
GCAAF	+ 0.78	EVF
GCAAF	+ 0.73	BGX
FCT	+ 0.64	BGX
GCAAF	+ 0.62	URNAF
EVF	+ 0.49	FCT

High negative correlations

AHFCF	- 0.61	FCT
URNAF	- 0.33	AHFCF
AHFCF	- 0.25	BGX
PIAC	- 0.21	FCT
GCAAF	- 0.13	AHFCF
URNAF	- 0.08	PIAC

Risk-Adjusted Indicators

There is a big difference between Rand Stock performing well and Rand Capital 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 Rand Capital'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
BGX	0.40	(0.04)	0.00	(0.58)	0.00	0.00	0.95	(0.71)	3.71
FCT	0.31	(0.01)	0.00	(0.15)	0.00	0.00	0.59	(0.59)	1.89
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVF	0.33	(0.06)	0.00	(0.69)	0.00	0.00	0.66	(0.82)	1.98
PIAC	1.86	0.02	0.00	(0.22)	0.00	0.00	0.00	(7.69)	57.79
AHFCF	0.40	(0.22)	0.00	1.87	0.00	0.00	0.00	0.00	13.33
BLRZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
URNAF	1.04	0.04	0.03	(1.60)	1.54	(2.91)	3.13	(4.25)	20.56
GCAAF	0.95	(0.02)	0.00	(0.28)	0.00	0.00	2.43	(2.41)	14.10

Rand Capital Corporate Management

Deborah Pawlowski	Investor Relations	Profile
Heather Eastgate	Chief Officer	Profile
Brendan Fox	Assistant Controller	Profile
Margaret CPA	Treasurer, VP	Profile

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