RONN Correlations

RONN Stock

0.0004 0.0001 20.00%

The current 90-days correlation between RONN Inc and Perseus Mining Limited is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RONN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RONN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RONN Correlation With Market

Good diversification

The correlation between RONN Inc and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RONN Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RONN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RONN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back RONN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling RONN Inc to buy it.

Moving against RONN Pink Sheet

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0.61	APLD	Applied Blockchain	Pair Corr
0.61	BFLY	Butterfly Network	Pair Corr
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0.43	AAPL	Apple Inc Aggressive Push	Pair Corr
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Related Correlations Analysis

	PMNXF	TBBB	SIGRF	MRRTY	SNDL	ZM	HFFG	WHTGF
PMNXF		0.41	0.53	-0.43	0.52	-0.37	-0.16	0.0	PMNXF
TBBB	0.41		0.49	-0.51	0.5	-0.19	-0.49	0.0	TBBB
SIGRF	0.53	0.49		-0.86	0.56	-0.67	-0.66	0.0	SIGRF
MRRTY	-0.43	-0.51	-0.86		-0.54	0.85	0.71	0.0	MRRTY
SNDL	0.52	0.5	0.56	-0.54		-0.45	-0.48	0.0	SNDL
ZM	-0.37	-0.19	-0.67	0.85	-0.45		0.61	0.0	ZM
HFFG	-0.16	-0.49	-0.66	0.71	-0.48	0.61		0.0	HFFG
WHTGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WHTGF
	PMNXF	TBBB	SIGRF	MRRTY	SNDL	ZM	HFFG	WHTGF

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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

ZM	+ 0.85	MRRTY
HFFG	+ 0.71	MRRTY
HFFG	+ 0.61	ZM
SNDL	+ 0.56	SIGRF
SIGRF	+ 0.53	PMNXF
SNDL	+ 0.52	PMNXF

High negative correlations

MRRTY	- 0.86	SIGRF
ZM	- 0.67	SIGRF
HFFG	- 0.66	SIGRF
SNDL	- 0.54	MRRTY
MRRTY	- 0.51	TBBB
HFFG	- 0.49	TBBB

Risk-Adjusted Indicators

There is a big difference between RONN Pink Sheet performing well and RONN 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 RONN'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
PMNXF	1.92	0.01	0.00	0.07	2.88	(2.16)	3.95	(4.92)	16.43
TBBB	1.96	(0.10)	0.00	(0.37)	0.00	0.00	4.46	(4.24)	19.20
SIGRF	0.36	(0.13)	0.00	(1.59)	0.00	0.00	0.00	0.00	14.63
MRRTY	2.45	0.31	0.07	(0.42)	2.90	(2.99)	5.12	(5.00)	16.96
SNDL	1.94	(0.23)	0.00	0.39	0.00	0.00	3.65	(3.88)	24.46
ZM	1.58	0.29	0.12	0.34	2.01	(1.61)	3.43	(3.13)	12.08
HFFG	2.27	0.03	0.03	0.08	2.84	(2.65)	5.11	(3.47)	19.28
WHTGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

RONN Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with RONN pink sheet to make a market-neutral strategy. Peer analysis of RONN could also be used in its relative valuation, which is a method of valuing RONN by comparing valuation metrics with similar companies.

Perseus Mining Limited BBB Foods Sligro Food Group Marfrig Global Foods SNDL Inc Zoom Video Communications Hf Foods Group Mangazeya Mining American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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