Annaly Capital Correlations

NLY Stock

USD 19.49 0.17 0.88%

The current 90-days correlation between Annaly Capital Management and MGP Ingredients is 0.47 (i.e., Very weak diversification). The correlation of Annaly Capital 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.

Annaly Capital Correlation With Market

Poor diversification

The correlation between Annaly Capital Management and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Annaly Capital Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Annaly Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Annaly Capital Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Annaly Stock

0.64	DHIL	Diamond Hill Investment	Pair Corr
0.65	AB	AllianceBernstein	Pair Corr
0.64	AC	Associated Capital	Pair Corr
0.68	BN	Brookfield Corp	Pair Corr
0.76	BX	Blackstone Group	Pair Corr
0.67	CG	Carlyle Group Normal Trading	Pair Corr
0.69	LC	LendingClub Corp	Pair Corr
0.71	LU	Lufax Holding	Pair Corr
0.71	MC	Moelis	Pair Corr
0.61	QD	Qudian Inc	Pair Corr
0.68	SF	Stifel Financial	Pair Corr
0.68	TW	Tradeweb Markets	Pair Corr
0.62	VCTR	Victory Capital Holdings	Pair Corr
0.8	VINP	Vinci Partners Inves	Pair Corr
0.71	VRTS	Virtus Investment	Pair Corr
0.7	ECPG	Encore Capital Group	Pair Corr
0.64	ENVA	Enova International	Pair Corr
0.74	FDUS	Fidus Investment Corp	Pair Corr
0.72	FINV	FinVolution Group	Pair Corr
0.7	AGM	Federal Agricultural	Pair Corr

Related Correlations Analysis

	GTCDF	MGPI	PEP	ZIJMF	CELH	TTAM	GRMC	TBEV
GTCDF		0.0	0.0	0.0	0.0	0.0	1.0	0.0	GTCDF
MGPI	0.0		-0.59	0.27	0.17	0.54	0.0	0.0	MGPI
PEP	0.0	-0.59		-0.52	-0.31	-0.59	0.0	0.0	PEP
ZIJMF	0.0	0.27	-0.52		0.81	0.31	0.0	0.0	ZIJMF
CELH	0.0	0.17	-0.31	0.81		-0.03	0.0	0.0	CELH
TTAM	0.0	0.54	-0.59	0.31	-0.03		0.0	0.0	TTAM
GRMC	1.0	0.0	0.0	0.0	0.0	0.0		0.0	GRMC
TBEV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TBEV
	GTCDF	MGPI	PEP	ZIJMF	CELH	TTAM	GRMC	TBEV

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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

GRMC	+ 1.0	GTCDF
CELH	+ 0.81	ZIJMF
TTAM	+ 0.54	MGPI
TTAM	+ 0.31	ZIJMF
ZIJMF	+ 0.27	MGPI
CELH	+ 0.17	MGPI

High negative correlations

TTAM	- 0.59	PEP
PEP	- 0.59	MGPI
ZIJMF	- 0.52	PEP
CELH	- 0.31	PEP
TTAM	- 0.03	CELH
TBEV	- 0.0	GRMC

Risk-Adjusted Indicators

There is a big difference between Annaly Stock performing well and Annaly Capital 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 Annaly Capital'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
GTCDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGPI	1.83	0.11	0.03	0.25	2.33	(1.92)	4.35	(3.15)	16.82
PEP	1.09	(0.18)	0.00	(0.32)	0.00	0.00	2.20	(2.33)	8.66
ZIJMF	3.53	0.40	0.09	0.62	3.91	(4.02)	7.30	(7.35)	24.25
CELH	2.02	0.35	0.15	0.51	1.91	(2.38)	4.85	(3.94)	15.61
TTAM	2.29	(0.19)	0.00	(0.04)	0.00	0.00	6.38	(5.53)	18.60
GRMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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