RENN Fund Inc. (RCG) — Stock Correlations & Overview
Over the past year, RCG has moved most closely with TPL, KTOS, SLE. Explore the stocks most correlated and inversely correlated with RCG below, along with its price, financials, and company profile.
Stocks correlated with RCG
Correlation of daily returns. Higher positive values move with RCG; negative values move opposite it. Informational only, not investment advice.
Most correlated with RCG
| Symbol | Company | Correlation |
|---|---|---|
| TPL | Texas Pacific Land CorporationOIL ROYALTY TRADERS | 0.21 |
| KTOS | Kratos Defense & Security Solutions, Inc.GUIDED MISSILES & SPACE VEHICLES & PARTS | 0.20 |
| SLE | Super League Enterprise, Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.20 |
| AMBA | Ambarella, Inc. Ordinary SharesSEMICONDUCTORS & RELATED DEVICES | 0.20 |
| NIO | NIO Inc. American depositary shares, each representing one Class A ordinary share | 0.20 |
Most inversely correlated with RCG
| Symbol | Company | Correlation |
|---|---|---|
| RS | Reliance, Inc.WHOLESALE-METALS SERVICE CENTERS & OFFICES | -0.19 |
| EPpC | El Paso Energy Capital Trust ICRUDE PETROLEUM & NATURAL GAS | -0.19 |
| BIPH | Brookfield Infrastructure Finance ULC 5.000% Subordinated Notes due 2081 | -0.18 |
| SPMA | Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 | -0.18 |
| HSIC | Henry Schein IncWHOLESALE-MEDICAL, DENTAL & HOSPITAL EQUIPMENT & SUPPLIES | -0.18 |
Frequently asked questions about RCG correlations
- Which stocks are most correlated with RCG?
- Based on one year of daily returns, the stocks most correlated with RENN Fund Inc. (RCG) are TPL (0.21), KTOS (0.20) and SLE (0.20). 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 RCG?
- Over the past year, the stocks most inversely correlated with RENN Fund Inc. (RCG) are RS (-0.19), EPpC (-0.19) and BIPH (-0.18). 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 RCG correlations calculated?
- We compute the correlation of daily returns between RCG 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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