Correlation
The correlation between RDFN and RNG is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RDFN vs. RNG
Compare and contrast key facts about Redfin Corporation (RDFN) and RingCentral, Inc. (RNG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDFN or RNG.
Performance
RDFN vs. RNG - Performance Comparison
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Key characteristics
RDFN:
0.51
RNG:
-0.55
RDFN:
1.93
RNG:
-0.60
RDFN:
1.23
RNG:
0.93
RDFN:
0.69
RNG:
-0.26
RDFN:
2.10
RNG:
-1.09
RDFN:
31.04%
RNG:
22.63%
RDFN:
103.24%
RNG:
44.19%
RDFN:
-96.61%
RNG:
-95.15%
RDFN:
-89.85%
RNG:
-94.14%
Fundamentals
RDFN:
$1.25B
RNG:
$2.35B
RDFN:
-$1.52
RNG:
-$0.43
RDFN:
0.00
RNG:
0.24
RDFN:
1.21
RNG:
0.97
RDFN:
269.90
RNG:
102.83
RDFN:
$1.04B
RNG:
$2.43B
RDFN:
$364.02M
RNG:
$1.71B
RDFN:
-$129.82M
RNG:
$208.73M
Returns By Period
In the year-to-date period, RDFN achieves a 24.52% return, which is significantly higher than RNG's -25.76% return.
RDFN
24.52%
2.19%
1.14%
52.17%
-2.67%
-21.35%
N/A
RNG
-25.76%
0.66%
-31.17%
-24.01%
-25.77%
-37.43%
3.82%
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Risk-Adjusted Performance
RDFN vs. RNG — Risk-Adjusted Performance Rank
RDFN
RNG
RDFN vs. RNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Redfin Corporation (RDFN) and RingCentral, Inc. (RNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
RDFN vs. RNG - Dividend Comparison
Neither RDFN nor RNG has paid dividends to shareholders.
Drawdowns
RDFN vs. RNG - Drawdown Comparison
The maximum RDFN drawdown since its inception was -96.61%, roughly equal to the maximum RNG drawdown of -95.15%. Use the drawdown chart below to compare losses from any high point for RDFN and RNG.
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Volatility
RDFN vs. RNG - Volatility Comparison
Redfin Corporation (RDFN) has a higher volatility of 14.75% compared to RingCentral, Inc. (RNG) at 8.61%. This indicates that RDFN's price experiences larger fluctuations and is considered to be riskier than RNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
RDFN vs. RNG - Financials Comparison
This section allows you to compare key financial metrics between Redfin Corporation and RingCentral, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RDFN vs. RNG - Profitability Comparison
RDFN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Redfin Corporation reported a gross profit of 70.63M and revenue of 221.03M. Therefore, the gross margin over that period was 32.0%.
RNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, RingCentral, Inc. reported a gross profit of 431.61M and revenue of 612.06M. Therefore, the gross margin over that period was 70.5%.
RDFN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Redfin Corporation reported an operating income of -85.51M and revenue of 221.03M, resulting in an operating margin of -38.7%.
RNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, RingCentral, Inc. reported an operating income of 10.34M and revenue of 612.06M, resulting in an operating margin of 1.7%.
RDFN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Redfin Corporation reported a net income of -92.52M and revenue of 221.03M, resulting in a net margin of -41.9%.
RNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, RingCentral, Inc. reported a net income of -10.33M and revenue of 612.06M, resulting in a net margin of -1.7%.