ARMOUR Residential Correlations

ARR Stock

USD 16.86 0.01 0.06%

The current 90-days correlation between ARMOUR Residential REIT and Seadrill Limited is 0.54 (i.e., Very weak diversification). The correlation of ARMOUR Residential 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.

ARMOUR Residential Correlation With Market

Poor diversification

The correlation between ARMOUR Residential REIT and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARMOUR Residential REIT and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ARMOUR Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARMOUR Residential REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ARMOUR Stock

0.77	V	Visa Class A	Pair Corr
0.74	DHIL	Diamond Hill Investment	Pair Corr
0.87	AB	AllianceBernstein	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.91	BN	Brookfield Corp	Pair Corr
0.83	BX	Blackstone Group	Pair Corr
0.85	CG	Carlyle Group Normal Trading	Pair Corr
0.84	DB	Deutsche Bank AG	Pair Corr
0.83	GS	Goldman Sachs Group	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.73	LU	Lufax Holding	Pair Corr
0.8	MA	Mastercard	Pair Corr
0.82	MC	Moelis	Pair Corr
0.86	MS	Morgan Stanley	Pair Corr
0.87	QD	Qudian Inc	Pair Corr
0.84	SF	Stifel Financial	Pair Corr
0.71	TW	Tradeweb Markets	Pair Corr
0.79	WT	WisdomTree	Pair Corr
0.82	XP	Xp Inc	Pair Corr
0.84	VCTR	Victory Capital Holdings	Pair Corr
0.75	VINP	Vinci Partners Inves	Pair Corr
0.81	VIRT	Virtu Financial	Pair Corr
0.84	VRTS	Virtus Investment	Pair Corr
0.91	ECPG	Encore Capital Group	Pair Corr
0.61	ENVA	Enova International	Pair Corr
0.8	WRLD	World Acceptance	Pair Corr
0.7	WSBF	Waterstone Financial	Pair Corr
0.87	FDUS	Fidus Investment Corp	Pair Corr
0.78	FINV	FinVolution Group	Pair Corr
0.84	AGM	Federal Agricultural	Pair Corr
0.8	AMP	Ameriprise Financial	Pair Corr

Moving against ARMOUR Stock

0.49	PT	Pintec Technology	Pair Corr
0.64	EZPW	EZCORP Inc	Pair Corr
0.37	WU	Western Union	Pair Corr

Related Correlations Analysis

	ALTG	SDRL	EGDFF	HRI	TRTN-PC	OBGRF	AL	AER
ALTG		0.89	0.0	0.44	0.72	0.34	0.8	0.79	ALTG
SDRL	0.89		0.0	0.43	0.72	0.3	0.83	0.83	SDRL
EGDFF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EGDFF
HRI	0.44	0.43	0.0		0.46	0.03	0.51	0.36	HRI
TRTN-PC	0.72	0.72	0.0	0.46		-0.08	0.47	0.45	TRTN-PC
OBGRF	0.34	0.3	0.0	0.03	-0.08		0.57	0.64	OBGRF
AL	0.8	0.83	0.0	0.51	0.47	0.57		0.97	AL
AER	0.79	0.83	0.0	0.36	0.45	0.64	0.97		AER
	ALTG	SDRL	EGDFF	HRI	TRTN-PC	OBGRF	AL	AER

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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

AER	+ 0.97	AL
SDRL	+ 0.89	ALTG
AL	+ 0.83	SDRL
AER	+ 0.83	SDRL
AL	+ 0.8	ALTG
AER	+ 0.79	ALTG

High negative correlations

OBGRF	- 0.08	TRTN-PC
AER	- 0.0	EGDFF
AL	- 0.0	EGDFF
OBGRF	- 0.0	EGDFF
TRTN-PC	- 0.0	EGDFF
HRI	- 0.0	EGDFF

Risk-Adjusted Indicators

There is a big difference between ARMOUR Stock performing well and ARMOUR Residential 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 ARMOUR Residential'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
ALTG	3.63	0.71	0.17	0.55	3.95	(3.94)	8.33	(5.15)	22.49
SDRL	2.94	0.15	0.05	0.20	4.31	(3.00)	7.43	(6.03)	23.57
EGDFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HRI	3.17	0.02	0.02	0.11	3.84	(3.37)	8.31	(7.74)	23.09
TRTN-PC	0.79	0.03	(0.03)	0.25	1.48	(0.75)	1.63	(1.87)	5.60
OBGRF	0.67	0.23	0.00	2.00	0.00	0.00	3.81	0.00	11.69
AL	1.69	0.22	0.08	0.27	2.71	(1.66)	3.49	(3.19)	17.06
AER	1.26	0.10	0.04	0.20	2.22	(1.23)	2.65	(2.93)	12.33

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