Equus Total Correlations

EQS Stock

USD 1.45 0.01 0.69%

The current 90-days correlation between Equus Total Return and Gabelli Convertible And is -0.15 (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

Very good diversification

The correlation between Equus Total Return and DJI is -0.27 (i.e., Very good 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.

Build AI portfolio with Equus Stock

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

0.77	GS	Goldman Sachs Group	Pair Corr
0.64	AXP	American Express	Pair Corr
0.7	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.78	SCM	Stellus Capital Inve	Pair Corr
0.71	GLAD	Gladstone Capital	Pair Corr
0.79	HTGC	Hercules Capital	Pair Corr
0.85	MAIN	Main Street Capital	Pair Corr
0.74	PFLT	PennantPark Floating Rate	Pair Corr
0.76	ALLY	Ally Financial	Pair Corr
0.73	ARCC	Ares Capital	Pair Corr
0.79	TPVG	Triplepoint Venture	Pair Corr
0.79	TSLX	Sixth Street Specialty	Pair Corr
0.78	CSWC	Capital Southwest	Pair Corr
0.77	C	Citigroup Aggressive Push	Pair Corr
0.65	L	Loews Corp	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.68	AX	Axos Financial	Pair Corr
0.63	BK	Bank of New York	Pair Corr
0.65	BN	Brookfield Corp	Pair Corr
0.72	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.77	CM	Canadian Imperial Bank	Pair Corr
0.68	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.84	IX	Orix Corp Ads	Pair Corr

Moving against Equus Stock

0.67	PSEC	Prospect Capital	Pair Corr
0.72	LX	Lexinfintech Holdings	Pair Corr
0.64	PX	P10 Inc	Pair Corr
0.54	EG	Everest Group	Pair Corr
0.4	CB	Chubb Earnings Call Tomorrow	Pair Corr
0.37	FG	FG Annuities Life	Pair Corr

Related Correlations Analysis

	RAND	GCV	CIF	RCG	EEA
RAND		-0.56	-0.49	-0.37	-0.6	RAND
GCV	-0.56		0.93	0.48	0.92	GCV
CIF	-0.49	0.93		0.56	0.94	CIF
RCG	-0.37	0.48	0.56		0.57	RCG
EEA	-0.6	0.92	0.94	0.57		EEA
	RAND	GCV	CIF	RCG	EEA

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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

EEA	+ 0.94	CIF
CIF	+ 0.93	GCV
EEA	+ 0.92	GCV
EEA	+ 0.57	RCG
RCG	+ 0.56	CIF
RCG	+ 0.48	GCV

High negative correlations

EEA	- 0.6	RAND
GCV	- 0.56	RAND
CIF	- 0.49	RAND
RCG	- 0.37	RAND

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	2.01	0.12	0.00	1.53	3.23	(2.03)	4.56	(5.14)	21.72
GCV	0.62	0.17	0.10	0.76	0.48	(0.81)	1.70	(1.21)	3.77
CIF	0.59	0.10	0.01	0.47	0.47	(0.84)	1.24	(1.19)	3.80
RCG	1.32	(0.02)	(0.06)	0.04	1.92	(1.52)	3.08	(3.37)	9.89
EEA	0.55	0.19	0.16	0.83	0.11	(0.69)	1.33	(0.81)	2.99

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