Ally Financial Correlations

ALLY Stock

USD 39.94 2.07 5.47%

The current 90-days correlation between Ally Financial and Affirm Holdings is 0.43 (i.e., Very weak diversification). The correlation of Ally Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ally Financial Correlation With Market

Poor diversification

The correlation between Ally Financial and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ally Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ally Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ally Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.

Moving together with Ally Stock

0.78	RM	Regional Management Corp Normal Trading	Pair Corr
0.77	ECPG	Encore Capital Group	Pair Corr
0.88	ENVA	Enova International	Pair Corr
0.79	AXP	American Express Earnings Call This Week	Pair Corr
0.89	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.79	OMF	OneMain Holdings	Pair Corr
0.68	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.84	SYF	Synchrony Financial Earnings Call Today	Pair Corr
0.71	GDOT	Green Dot	Pair Corr

Moving against Ally Stock

0.51	0H9P	Intrum AB	Pair Corr
0.51	WILLAMAGOR	Williamson Magor	Pair Corr
0.38	PYPL	PayPal Holdings CDR	Pair Corr
0.36	CAPTRUST	Capital Trust Limited	Pair Corr
0.35	FIVESTAR	Five Star Business	Pair Corr
0.31	SLM	SLM Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	UPST	AFRM	LCID	PLTR	RBLX
UPST		-0.35	0.42	-0.67	-0.38	UPST
AFRM	-0.35		-0.72	0.33	0.6	AFRM
LCID	0.42	-0.72		-0.16	-0.3	LCID
PLTR	-0.67	0.33	-0.16		0.58	PLTR
RBLX	-0.38	0.6	-0.3	0.58		RBLX
	UPST	AFRM	LCID	PLTR	RBLX

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

RBLX	+ 0.6	AFRM
RBLX	+ 0.58	PLTR
LCID	+ 0.42	UPST
PLTR	+ 0.33	AFRM

High negative correlations

LCID	- 0.72	AFRM
PLTR	- 0.67	UPST
RBLX	- 0.38	UPST
AFRM	- 0.35	UPST
RBLX	- 0.3	LCID
PLTR	- 0.16	LCID

Risk-Adjusted Indicators

There is a big difference between Ally Stock performing well and Ally Financial 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 Ally Financial'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
UPST	3.03	(0.69)	0.00	(0.20)	0.00	0.00	5.39	(7.71)	23.91
AFRM	2.88	0.15	0.05	0.12	3.82	(2.82)	6.71	(7.05)	21.02
LCID	3.56	(0.04)	0.00	0.03	4.00	(4.41)	6.35	(8.24)	47.05
PLTR	2.07	0.31	0.11	0.34	2.56	(2.31)	4.30	(2.58)	17.20
RBLX	2.38	0.33	0.09	1.78	2.83	(2.57)	5.81	(3.45)	19.55

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