Eagle Point Correlations

Stocks . USA . 
Stock . Eagle Point Credit
ECCX Stock  USD 24.75  0.13  0.53%   
The current 90-days correlation between Eagle Point Credit and B Riley Financial is 0.08 (i.e., Significant diversification). The correlation of Eagle Point 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.

Eagle Point Correlation With Market

Average diversification

The correlation between Eagle Point Credit and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Eagle Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Eagle Stock

  0.78FCRX First Eagle AlternativePairCorr
  0.77GEGGL Great Elm GroupPairCorr
  0.61FLYW Flywire CorpPairCorr
  0.72DLO DlocalPairCorr
  0.61STSSW Sharps Technology WarrantPairCorr
  0.72MFI mF International Downward RallyPairCorr
  0.66PRE Prenetics GlobalPairCorr
  0.75RZB Reinsurance GroupPairCorr
  0.87OXSQG Oxford Square CapitalPairCorr
  0.82RWAYL MSCI ACWI exAUCONSUMERPairCorr
  0.67MHLA Maiden HoldingsPairCorr
  0.67MOGO Mogo IncPairCorr
  0.76RILYK B Riley FinancialPairCorr
  0.62RILYZ B Riley FinancialPairCorr
  0.63RILYT B Riley FinancialPairCorr
  0.69AIZN AssurantPairCorr
  0.67SREA DBA Sempra 5750PairCorr
  0.67STNE StoneCoPairCorr

Moving against Eagle Stock

  0.72ILLR Triller Group Symbol ChangePairCorr
  0.39FACT FACT II AcquisitionPairCorr
  0.35KSPI Joint StockPairCorr
  0.86MSPR MSP Recovery Symbol ChangePairCorr
  0.57RELY Remitly GlobalPairCorr
  0.57STEC Santech Holdings Symbol ChangePairCorr
  0.43MAAS Highest Performances Symbol ChangePairCorr

Related Correlations Analysis

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