Runway Growth Correlations

RWAY Stock

USD 10.70 0.05 0.47%

The current 90-days correlation between Runway Growth Finance and Barings BDC is 0.6 (i.e., Poor diversification). The correlation of Runway Growth 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.

Runway Growth Correlation With Market

Weak diversification

The correlation between Runway Growth Finance and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Runway Growth Finance 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 Runway Growth Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Runway Stock

0.65	V	Visa Class A Sell-off Trend	Pair Corr
0.65	MA	Mastercard	Pair Corr
0.7	MS	Morgan Stanley	Pair Corr
0.77	COF	Capital One Financial	Pair Corr
0.78	OPFI	OppFi Inc	Pair Corr
0.66	ALLY	Ally Financial Normal Trading	Pair Corr
0.73	COOP	Mr Cooper Group	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.79	BK	Bank of New York	Pair Corr
0.66	GL	Globe Life	Pair Corr
0.78	GS	Goldman Sachs Group	Pair Corr

Moving against Runway Stock

0.75	VEL	Velocity Financial Llc	Pair Corr
0.43	DHIL	Diamond Hill Investment	Pair Corr
0.39	WD	Walker Dunlop	Pair Corr
0.68	VALU	Value Line	Pair Corr
0.51	TW	Tradeweb Markets Normal Trading	Pair Corr
0.47	VABK	Virginia National	Pair Corr
0.42	EG	Everest Group	Pair Corr
0.38	IX	Orix Corp Ads	Pair Corr
0.37	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	ORCC	BBDC	OMF	NAVI	AGM-PG	NNI	AGM-PE	AGM-PF
ORCC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORCC
BBDC	0.0		0.43	0.26	0.55	0.67	0.46	0.52	BBDC
OMF	0.0	0.43		0.47	0.34	-0.14	0.55	0.22	OMF
NAVI	0.0	0.26	0.47		0.31	0.18	0.67	0.28	NAVI
AGM-PG	0.0	0.55	0.34	0.31		0.48	0.6	0.88	AGM-PG
NNI	0.0	0.67	-0.14	0.18	0.48		0.27	0.5	NNI
AGM-PE	0.0	0.46	0.55	0.67	0.6	0.27		0.55	AGM-PE
AGM-PF	0.0	0.52	0.22	0.28	0.88	0.5	0.55		AGM-PF
	ORCC	BBDC	OMF	NAVI	AGM-PG	NNI	AGM-PE	AGM-PF

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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

AGM-PF	+ 0.88	AGM-PG
NNI	+ 0.67	BBDC
AGM-PE	+ 0.67	NAVI
AGM-PE	+ 0.6	AGM-PG
AGM-PG	+ 0.55	BBDC
AGM-PE	+ 0.55	OMF

High negative correlations

NNI	- 0.14	OMF
AGM-PF	- 0.0	ORCC
AGM-PE	- 0.0	ORCC
NNI	- 0.0	ORCC
AGM-PG	- 0.0	ORCC
NAVI	- 0.0	ORCC

Risk-Adjusted Indicators

There is a big difference between Runway Stock performing well and Runway Growth 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 Runway Growth'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
ORCC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBDC	0.78	0.03	0.06	0.02	1.22	(0.72)	1.45	(2.08)	5.91
OMF	1.53	0.00	0.00	(0.08)	0.00	0.00	3.17	(3.51)	8.25
NAVI	1.52	(0.07)	0.00	(0.15)	0.00	0.00	2.47	(3.48)	9.49
AGM-PG	0.82	0.03	0.08	0.05	1.02	(0.87)	1.50	(1.34)	6.44
NNI	0.91	0.17	0.15	0.09	1.00	(1.01)	1.54	(1.69)	11.61
AGM-PE	0.52	0.00	0.00	(0.09)	0.00	0.00	0.93	(1.20)	3.16
AGM-PF	0.75	0.05	0.10	0.12	1.02	(0.84)	1.58	(1.69)	6.23

Runway Growth Corporate Management

David Spreng	Chairman, Founder	Profile
Thomas Raterman	COO, CFO	Profile
Ted Cavan	Managing Technology	Profile
Colleen Corwell	Chief Officer	Profile
Quinlan Abel	Assistant Relations	Profile
Jeff Goldrich	Managing Technology	Profile

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