OneMain Holdings Correlations

OMF Stock

USD 57.80 0.27 0.47%

The current 90-days correlation between OneMain Holdings and Blue Owl Capital is 0.69 (i.e., Poor diversification). The correlation of OneMain Holdings 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.

OneMain Holdings Correlation With Market

Poor diversification

The correlation between OneMain Holdings and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneMain Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMain Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in OneMain Stock please use our How to Invest in OneMain Holdings guide.

Moving together with OneMain Stock

0.99	GS	Goldman Sachs Group	Pair Corr
0.98	AXP	American Express	Pair Corr
0.98	COF	Capital One Financial Earnings Call Tomorrow	Pair Corr
0.91	SCM	Stellus Capital Inve	Pair Corr
0.78	GAIN	Gladstone Investment	Pair Corr
0.93	GLAD	Gladstone Capital	Pair Corr
0.89	HTGC	Hercules Capital	Pair Corr
0.9	MAIN	Main Street Capital	Pair Corr
0.82	OPFI	OppFi Inc	Pair Corr
0.92	PFLT	PennantPark Floating Rate	Pair Corr
0.89	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.98	ALLY	Ally Financial	Pair Corr
0.95	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.92	TPVG	Triplepoint Venture	Pair Corr
0.96	TSLX	Sixth Street Specialty	Pair Corr
0.94	CSWC	Capital Southwest	Pair Corr
0.97	C	Citigroup Aggressive Push	Pair Corr
0.93	L	Loews Corp Earnings Call This Week	Pair Corr
0.93	DHIL	Diamond Hill Investment	Pair Corr
0.77	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.96	AX	Axos Financial Earnings Call This Week	Pair Corr
0.92	BK	Bank of New York	Pair Corr
0.95	BN	Brookfield Corp	Pair Corr
0.87	BX	Blackstone Group Normal Trading	Pair Corr
0.81	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.96	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.97	CM	Canadian Imperial Bank	Pair Corr
0.94	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.76	HG	Hamilton Insurance Group,	Pair Corr
0.95	IX	Orix Corp Ads	Pair Corr

Moving against OneMain Stock

0.44	PSEC	Prospect Capital	Pair Corr
0.65	FG	FG Annuities Life	Pair Corr
0.59	EG	Everest Group	Pair Corr
0.34	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	OBDC	OCSL	BBDC	COF	ALLY	ABR	APAM	EFC	FSK
OBDC		0.69	0.93	0.87	0.86	0.3	0.85	0.79	0.98	OBDC
OCSL	0.69		0.64	0.39	0.43	0.43	0.33	0.38	0.64	OCSL
BBDC	0.93	0.64		0.87	0.89	0.28	0.85	0.72	0.97	BBDC
COF	0.87	0.39	0.87		0.97	0.33	0.96	0.9	0.9	COF
ALLY	0.86	0.43	0.89	0.97		0.35	0.95	0.81	0.9	ALLY
ABR	0.3	0.43	0.28	0.33	0.35		0.22	0.47	0.24	ABR
APAM	0.85	0.33	0.85	0.96	0.95	0.22		0.86	0.9	APAM
EFC	0.79	0.38	0.72	0.9	0.81	0.47	0.86		0.78	EFC
FSK	0.98	0.64	0.97	0.9	0.9	0.24	0.9	0.78		FSK
	OBDC	OCSL	BBDC	COF	ALLY	ABR	APAM	EFC	FSK

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Risk-Adjusted Indicators

There is a big difference between OneMain Stock performing well and OneMain Holdings 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 OneMain Holdings' 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
OBDC	0.86	0.13	0.07	0.32	0.82	(0.93)	2.14	(1.54)	5.78
OCSL	1.14	0.02	(0.02)	0.18	1.98	(1.04)	2.38	(2.07)	10.52
BBDC	0.88	0.18	0.10	0.49	0.83	(1.01)	2.09	(1.66)	5.07
COF	1.34	0.28	0.21	0.33	1.16	(1.52)	3.77	(2.13)	11.09
ALLY	1.42	0.13	0.11	0.21	1.55	(1.56)	3.53	(2.37)	10.02
ABR	1.81	0.00	0.00	0.13	2.60	(1.75)	3.53	(3.78)	13.06
APAM	1.33	0.26	0.20	0.33	1.12	(1.56)	3.48	(2.41)	7.64
EFC	0.86	0.10	0.05	0.29	0.89	(0.98)	1.62	(1.34)	7.20
FSK	0.90	0.22	0.14	0.44	0.77	(0.98)	2.11	(1.60)	5.79

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