Ellington Residential Correlations

EARN Stock

USD 5.73 0.02 0.35%

The current 90-days correlation between Ellington Residential and Ready Capital Corp is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ellington Residential Correlation With Market

Very weak diversification

The correlation between Ellington Residential Mortgage and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ellington Residential Mortgage and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ellington Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. 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 Ellington Stock

0.75	V	Visa Class A	Pair Corr
0.73	AB	AllianceBernstein	Pair Corr
0.82	AC	Associated Capital	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.8	CG	Carlyle Group Normal Trading	Pair Corr
0.85	DB	Deutsche Bank AG Sell-off Trend	Pair Corr
0.61	DX	Dynex Capital	Pair Corr
0.88	GS	Goldman Sachs Group	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.78	MA	Mastercard	Pair Corr
0.72	MC	Moelis Normal Trading	Pair Corr
0.86	MS	Morgan Stanley	Pair Corr
0.84	QD	Qudian Inc	Pair Corr
0.83	SF	Stifel Financial	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.78	XP	Xp Inc	Pair Corr
0.67	DMYY	dMY Squared Technology Downward Rally	Pair Corr
0.71	DOMH	Dominari Holdings	Pair Corr
0.85	VCTR	Victory Capital Holdings	Pair Corr
0.72	VIRT	Virtu Financial	Pair Corr
0.76	VRTS	Virtus Investment	Pair Corr
0.63	EMCGR	Embrace Change Acqui	Pair Corr

Moving against Ellington Stock

0.43	PT	Pintec Technology	Pair Corr
0.31	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	DX	ORC	ARR	BRMK	RC	EFC	ARI	KREF	TWO
DX		0.97	0.92	0.0	0.5	0.83	0.68	0.81	0.71	DX
ORC	0.97		0.95	0.0	0.36	0.89	0.77	0.71	0.63	ORC
ARR	0.92	0.95		0.0	0.21	0.9	0.89	0.55	0.45	ARR
BRMK	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BRMK
RC	0.5	0.36	0.21	0.0		0.21	-0.07	0.81	0.67	RC
EFC	0.83	0.89	0.9	0.0	0.21		0.88	0.48	0.47	EFC
ARI	0.68	0.77	0.89	0.0	-0.07	0.88		0.23	0.12	ARI
KREF	0.81	0.71	0.55	0.0	0.81	0.48	0.23		0.84	KREF
TWO	0.71	0.63	0.45	0.0	0.67	0.47	0.12	0.84		TWO
	DX	ORC	ARR	BRMK	RC	EFC	ARI	KREF	TWO

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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

ORC	+ 0.97	DX
ARR	+ 0.95	ORC
ARR	+ 0.92	DX
EFC	+ 0.9	ARR
EFC	+ 0.89	ORC
ARI	+ 0.89	ARR

High negative correlations

ARI	- 0.07	RC
TWO	- 0.0	BRMK
KREF	- 0.0	BRMK
ARI	- 0.0	BRMK
EFC	- 0.0	BRMK
RC	- 0.0	BRMK

Risk-Adjusted Indicators

There is a big difference between Ellington Stock performing well and Ellington 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 Ellington 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
DX	1.13	(0.18)	0.00	(0.22)	0.00	0.00	2.35	(3.27)	10.00
ORC	1.37	(0.18)	0.00	(0.18)	0.00	0.00	2.70	(3.70)	11.09
ARR	1.45	(0.14)	0.00	(0.12)	0.00	0.00	2.84	(3.04)	10.79
BRMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RC	2.01	(0.15)	0.00	(0.11)	0.00	0.00	4.43	(5.71)	14.31
EFC	1.17	(0.03)	(0.02)	0.00	1.85	(1.14)	1.94	(3.41)	9.12
ARI	1.44	(0.01)	(0.01)	0.03	2.03	(1.48)	2.72	(3.62)	11.36
KREF	1.62	(0.31)	0.00	(0.26)	0.00	0.00	3.91	(4.95)	12.43
TWO	1.70	(0.39)	0.00	(0.38)	0.00	0.00	2.64	(4.63)	10.74

Ellington Residential Corporate Management

Daniel JD	General Counsel	Profile
Jason Frank	Deputy Sec	Profile
Ronald Simon	Independent Trustee	Profile
David Miller	Independent Trustee	Profile
Christopher CPA	Chief Officer	Profile

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