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.
Moving together with Finance Stock
0.92 | GS | Goldman Sachs Group | PairCorr |
0.92 | AXP | American Express | PairCorr |
0.92 | COF | Capital One Financial Earnings Call This Week | PairCorr |
0.87 | SCM | Stellus Capital Inve | PairCorr |
0.73 | GAIN | Gladstone Investment | PairCorr |
0.9 | GLAD | Gladstone Capital | PairCorr |
0.86 | HTGC | Hercules Capital | PairCorr |
0.86 | MAIN | Main Street Capital | PairCorr |
0.75 | OPFI | OppFi Inc | PairCorr |
0.89 | PFLT | PennantPark Floating Rate | PairCorr |
0.88 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
0.92 | ALLY | Ally Financial | PairCorr |
0.91 | ARCC | Ares Capital Earnings Call Next Week | PairCorr |
0.88 | TPVG | Triplepoint Venture | PairCorr |
0.91 | TSLX | Sixth Street Specialty | PairCorr |
0.89 | CSWC | Capital Southwest | PairCorr |
0.93 | C | Citigroup Aggressive Push | PairCorr |
0.91 | L | Loews Corp Earnings Call Next Week | PairCorr |
0.92 | DHIL | Diamond Hill Investment | PairCorr |
0.77 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
0.76 | AC | Associated Capital | PairCorr |
0.92 | AX | Axos Financial Earnings Call Next Week | PairCorr |
0.9 | BK | Bank of New York | PairCorr |
0.93 | BN | Brookfield Corp | PairCorr |
0.88 | BX | Blackstone Group Normal Trading | PairCorr |
0.81 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
0.93 | CG | Carlyle Group Earnings Call This Week | PairCorr |
0.91 | CM | Canadian Imperial Bank | PairCorr |
0.91 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
0.74 | HG | Hamilton Insurance Group, | PairCorr |
0.87 | IX | Orix Corp Ads | PairCorr |
Moving against Finance Stock
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 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 Fleming | Chief Officer | Profile | |
Christine Herman | Chief Officer | Profile | |
Karime Benaissa | Chief Officer | Profile | |
Tai Thornock | Chief Accounting Officer | Profile | |
Norma Corio | Independent Director | Profile | |
Jeremy Prahm | Chief Investment Officer | Profile |