Which stocks are most correlated with RAND?

Based on one year of daily returns, the stocks most correlated with Rand Capital Corp (RAND) are IAGG (0.30), TRIO (0.27) and KPDD (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with RAND?

Over the past year, the stocks most inversely correlated with Rand Capital Corp (RAND) are RISR (-0.25), BMRN (-0.22) and ASTC (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

Rand Capital Corp (RAND) — Stock Correlations & Overview

Over the past year, RAND has moved most closely with IAGG, TRIO, KPDD. Explore the stocks most correlated and inversely correlated with RAND below, along with its price, financials, and company profile.

Stocks correlated with RAND

Correlation of daily returns. Higher positive values move with RAND; negative values move opposite it. Informational only, not investment advice.

Most correlated with RAND

Symbol	Company	Correlation
IAGG	iShares Core International Aggregate Bond Fund	0.30
TRIO	MC Trio Equity Buffered ETF	0.27
KPDD	KraneShares 2x Long PDD Daily ETF	0.27
SNTH	MRP SynthEquity ETF	0.27
KCAI	KraneShares China Alpha Index ETF	0.27

Most inversely correlated with RAND

Symbol	Company	Correlation
RISR	FolioBeyond Alternative Income and Interest Rate Hedge ETF	-0.25
BMRN	BioMarin Pharmaceuticals IncPHARMACEUTICAL PREPARATIONS	-0.22
ASTC	Astrotech Corporation (DE) Common StockLABORATORY ANALYTICAL INSTRUMENTS	-0.20
AAME	Atlantic American CorpLIFE INSURANCE	-0.20
HIHO	Highway Holdings Ltd	-0.19

Frequently asked questions about RAND correlations

Which stocks are most correlated with RAND?: Based on one year of daily returns, the stocks most correlated with Rand Capital Corp (RAND) are IAGG (0.30), TRIO (0.27) and KPDD (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with RAND?: Over the past year, the stocks most inversely correlated with Rand Capital Corp (RAND) are RISR (-0.25), BMRN (-0.22) and ASTC (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these RAND correlations calculated?: We compute the correlation of daily returns between RAND and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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