Last Update: 12-Nov-2024, 18:01 CST

RNW Correlation Report

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Correlation Plot    ExplainYTD: RNW  -31.7 %  vs. SPX  25.5 % 
ReNew Energy Global plc Shares

* Correlation: MODEST* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: MODEST* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.140

-0.421

2.60

-3

0.1

48.3
* Last 60 market days. RNW relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankRNW CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.550 Subscribe first then Login to view complete reports now

0.146

-2.405

7.01
2
0.521 Subscribe first then Login to view complete reports now

0.347

-0.240

3.19
3
0.518 Subscribe first then Login to view complete reports now

0.056

-0.888

3.34
4
1
0.465 Subscribe first then Login to view complete reports now

0.443

0.171

2.27
5
1
0.451 BEP - Brookfield Renewable Partners L.P.

0.179

-0.097

3.10
Least Correlated Non-ETF Securities:
RankRNW CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1500
0.000 Subscribe first then Login to view complete reports now

0.430

0.343

1.66
2
255
0.000 Subscribe first then Login to view complete reports now

0.692

-0.166

2.20
3
530
0.000 Subscribe first then Login to view complete reports now

0.247

-0.329

5.03
4
1095
0.000 Subscribe first then Login to view complete reports now

0.306

-0.923

3.54
5
6
0.000 DAN - Dana Incorporated

0.576

-0.266

3.78
Most Anti-Correlated Non-ETF Securities:
RankRNW CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.415 Subscribe first then Login to view complete reports now

0.167

-0.127

4.01
2
1
-0.390 Subscribe first then Login to view complete reports now

0.036

-4.497

9.32
3
1
-0.350 Subscribe first then Login to view complete reports now

-0.101

2.125

-5.22
4
-0.346 Subscribe first then Login to view complete reports now

0.222

-0.806

3.03
5
2
-0.312 RMNI - Rimini Street Inc.

0.183

-1.328

4.82




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