Atlanticus Holdings Correlations
| ATLCP Preferred Stock | USD 22.05 0.02 0.09% |
The current 90-days correlation between Atlanticus Holdings Corp and Atlanticus Holdings is 0.05 (i.e., Significant diversification). The correlation of Atlanticus Holdings 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.
Atlanticus Holdings Correlation With Market
Significant diversification
The correlation between Atlanticus Holdings Corp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlanticus Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Atlanticus Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlanticus Holdings 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 Atlanticus Holdings - 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 Atlanticus Holdings Corp to buy it.
Moving together with Atlanticus Preferred Stock
| 0.64 | LX | Lexinfintech Holdings Upward Rally | PairCorr |
| 0.62 | WU | Western Union Earnings Call This Week | PairCorr |
| 0.66 | DXF | Eason Technology | PairCorr |
Moving against Atlanticus Preferred Stock
| 0.62 | ENVA | Enova International Earnings Call This Week | PairCorr |
| 0.57 | LC | LendingClub Corp Earnings Call Next Week | PairCorr |
| 0.54 | RM | Regional Management Corp | PairCorr |
| 0.5 | IX | Orix Corp Ads | PairCorr |
| 0.48 | SYF-PA | Synchrony Financial | PairCorr |
| 0.47 | BFH | Bread Financial Holdings Earnings Call This Week | PairCorr |
| 0.46 | FINV | FinVolution Group | PairCorr |
| 0.44 | OMF | OneMain Holdings Earnings Call Next Week | PairCorr |
| 0.43 | WRLD | World Acceptance Earnings Call This Week | PairCorr |
| 0.43 | SYF | Synchrony Financial Earnings Call Tomorrow | PairCorr |
| 0.36 | FOA | Finance of America Normal Trading | PairCorr |
| 0.34 | NNI | Nelnet Inc | PairCorr |
| 0.33 | SYF-PB | Synchrony Financial | PairCorr |
| 0.39 | OMCC | Old Market Capital Symbol Change | PairCorr |
| 0.37 | LMFA | LM Funding America Trending | PairCorr |
| 0.36 | OBDC | Blue Owl Capital | PairCorr |
| 0.36 | OCSL | Oaktree Specialty Lending | PairCorr |
| 0.34 | GDOT | Green Dot | PairCorr |
| 0.34 | COF-PK | Capital One Financial | PairCorr |
| 0.31 | XYF | X Financial Class | PairCorr |
| 0.31 | NAVI | Navient Corp Earnings Call Tomorrow | PairCorr |
| 0.31 | COF-PL | Capital One Financial | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Atlanticus Preferred Stock performing well and Atlanticus Holdings 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 Atlanticus Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATLC | 2.08 | (0.23) | (0.05) | 0.00 | 2.86 | 3.64 | 13.71 | |||
| PRAA | 2.43 | (0.36) | 0.00 | (0.01) | 0.00 | 4.49 | 34.54 | |||
| ENVA | 1.51 | 0.17 | 0.11 | 0.26 | 1.75 | 3.76 | 11.70 | |||
| IX | 0.85 | 0.15 | 0.09 | 0.37 | 0.81 | 1.99 | 6.41 | |||
| WRLD | 1.82 | 0.31 | 0.14 | 0.38 | 2.09 | 4.05 | 13.80 | |||
| BW-PA | 7.42 | 1.92 | 0.25 | 1.69 | 6.69 | 16.32 | 88.78 | |||
| XOMAO | 0.26 | 0.04 | (0.28) | 1.19 | 0.13 | 0.61 | 1.50 | |||
| BHFAO | 1.29 | (0.17) | 0.00 | (0.13) | 0.00 | 1.90 | 8.85 | |||
| SQFTP | 0.82 | 0.13 | 0.00 | (3.10) | 0.76 | 1.70 | 8.75 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Atlanticus Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Atlanticus Holdings Corporate Management
| Matt Zalubowski | VP Marketing | Profile | |
| Linda Brooks | Chief Officer | Profile | |
| David Hanna | Ex Chairman | Profile | |
| Mitchell Saunders | Chief Officer | Profile | |
| Brian Stone | Chief Officer | Profile | |
| Jeffrey Howard | CEO Pres | Profile | |
| William McCamey | Chief Officer | Profile |