Finance Of Correlations

FOA Stock  USD 23.74  0.53  2.18%   
The current 90-days correlation between Finance of America and Regional Management Corp is 0.24 (i.e., Modest diversification). The correlation of Finance Of 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.

Finance Of Correlation With Market

Very weak diversification

The correlation between Finance of America and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finance of America and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finance of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Finance Stock

  0.92GS Goldman Sachs GroupPairCorr
  0.92AXP American ExpressPairCorr
  0.92COF Capital One Financial Earnings Call This WeekPairCorr
  0.87SCM Stellus Capital InvePairCorr
  0.73GAIN Gladstone InvestmentPairCorr
  0.9GLAD Gladstone CapitalPairCorr
  0.86HTGC Hercules CapitalPairCorr
  0.86MAIN Main Street CapitalPairCorr
  0.75OPFI OppFi IncPairCorr
  0.89PFLT PennantPark Floating RatePairCorr
  0.88PYPL PayPal Holdings Aggressive PushPairCorr
  0.92ALLY Ally FinancialPairCorr
  0.91ARCC Ares Capital Earnings Call Next WeekPairCorr
  0.88TPVG Triplepoint VenturePairCorr
  0.91TSLX Sixth Street SpecialtyPairCorr
  0.89CSWC Capital SouthwestPairCorr
  0.93C Citigroup Aggressive PushPairCorr
  0.91L Loews Corp Earnings Call Next WeekPairCorr
  0.92DHIL Diamond Hill InvestmentPairCorr
  0.77AB AllianceBernstein Earnings Call This WeekPairCorr
  0.76AC Associated CapitalPairCorr
  0.92AX Axos Financial Earnings Call Next WeekPairCorr
  0.9BK Bank of New YorkPairCorr
  0.93BN Brookfield CorpPairCorr
  0.88BX Blackstone Group Normal TradingPairCorr
  0.81BY Byline Bancorp Earnings Call This WeekPairCorr
  0.93CG Carlyle Group Earnings Call This WeekPairCorr
  0.91CM Canadian Imperial BankPairCorr
  0.91DB Deutsche Bank AG Earnings Call This WeekPairCorr
  0.74HG Hamilton Insurance Group,PairCorr
  0.87IX Orix Corp AdsPairCorr

Moving against Finance Stock

  0.31PSEC Prospect CapitalPairCorr
  0.62FG FG Annuities LifePairCorr
  0.56EG Everest GroupPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WRLDIX
WRLDNAVI
NAVIIX
NAVISLM
ENVAIX
ENVANAVI
  
High negative correlations   
SLMEZPW
WRLDEZPW
NAVIEZPW
EZPWIX
CPSSEZPW
SLMRM

Risk-Adjusted Indicators

There is a big difference between Finance Stock performing well and Finance Of 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 Finance Of'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NICK  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RM  1.71  0.01  0.00  0.14  3.48 
 3.40 
 19.07 
IX  0.85  0.15  0.09  0.37  0.81 
 1.99 
 6.41 
FCFS  0.97  0.08  0.01  0.31  0.85 
 2.32 
 11.39 
EZPW  1.33 (0.22) 0.00 (0.34) 0.00 
 2.68 
 7.67 
SLM  1.34  0.22  0.15  0.33  1.18 
 3.53 
 6.78 
NAVI  1.61  0.24  0.13  0.35  1.63 
 3.80 
 8.05 
ENVA  1.51  0.17  0.11  0.26  1.75 
 3.76 
 11.70 
CPSS  1.98 (0.09)(0.02) 0.06  2.54 
 3.71 
 13.70 
WRLD  1.82  0.31  0.14  0.38  2.09 
 4.05 
 13.80 

Finance Of Corporate Management

Graham FlemingChief OfficerProfile
Christine HermanChief OfficerProfile
Karime BenaissaChief OfficerProfile
Tai ThornockChief Accounting OfficerProfile
Norma CorioIndependent DirectorProfile
Jeremy PrahmChief Investment OfficerProfile