Phenixfin Correlations

PFX Stock

USD 49.99 0.16 0.32%

The current 90-days correlation between Phenixfin and Logan Ridge Finance is 0.42 (i.e., Very weak diversification). The correlation of Phenixfin 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.

Phenixfin Correlation With Market

Average diversification

The correlation between Phenixfin and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phenixfin 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 Phenixfin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Phenixfin Stock please use our How to Invest in Phenixfin guide.

Moving together with Phenixfin Stock

0.68

EZPW

EZCORP Inc

Pair Corr

Moving against Phenixfin Stock

0.62	MA	Mastercard	Pair Corr
0.58	V	Visa Class A	Pair Corr
0.56	DOMH	Dominari Holdings	Pair Corr
0.53	AXP	American Express	Pair Corr
0.52	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.52	HLI	Houlihan Lokey	Pair Corr
0.5	WSBF	Waterstone Financial	Pair Corr
0.5	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.5	EVR	Evercore Partners Earnings Call This Week	Pair Corr
0.47	GS	Goldman Sachs Group	Pair Corr
0.46	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.35	MC	Moelis Earnings Call This Week	Pair Corr
0.35	TW	Tradeweb Markets Earnings Call This Week	Pair Corr
0.33	FCFS	FirstCash Earnings Call This Week	Pair Corr
0.6	OPFI	OppFi Inc	Pair Corr
0.59	JXN	Jackson Financial	Pair Corr
0.57	GAIN	Gladstone Investment	Pair Corr
0.5	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.5	GLAD	Gladstone Capital	Pair Corr
0.48	LAZ	Lazard Earnings Call This Week	Pair Corr
0.44	PJT	PJT Partners	Pair Corr
0.44	PWP	Perella Weinberg Partners	Pair Corr
0.44	GROW	US Global Investors	Pair Corr
0.39	SCM	Stellus Capital Inve	Pair Corr
0.39	HTGC	Hercules Capital	Pair Corr
0.37	MAIN	Main Street Capital	Pair Corr
0.63	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.56	PFLT	PennantPark Floating Rate	Pair Corr
0.54	APAM	Artisan Partners Asset Earnings Call This Week	Pair Corr
0.54	TPVG	Triplepoint Venture	Pair Corr
0.54	TSLX	Sixth Street Specialty	Pair Corr
0.51	ARCC	Ares Capital	Pair Corr
0.5	SEIC	SEI Investments Earnings Call This Week	Pair Corr
0.46	BOWN	Bowen Acquisition Corp	Pair Corr

Related Correlations Analysis

	LRFC	CXH	EOT	NRC	PTMN	JSM	ICMB
LRFC		-0.01	-0.05	0.28	0.68	0.47	0.15	LRFC
CXH	-0.01		0.76	0.33	0.13	0.19	0.04	CXH
EOT	-0.05	0.76		0.07	0.1	0.05	0.08	EOT
NRC	0.28	0.33	0.07		0.61	0.9	0.45	NRC
PTMN	0.68	0.13	0.1	0.61		0.81	0.51	PTMN
JSM	0.47	0.19	0.05	0.9	0.81		0.59	JSM
ICMB	0.15	0.04	0.08	0.45	0.51	0.59		ICMB
	LRFC	CXH	EOT	NRC	PTMN	JSM	ICMB

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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

JSM	+ 0.9	NRC
JSM	+ 0.81	PTMN
EOT	+ 0.76	CXH
PTMN	+ 0.68	LRFC
PTMN	+ 0.61	NRC
ICMB	+ 0.59	JSM

High negative correlations

EOT	- 0.05	LRFC
CXH	- 0.01	LRFC

Risk-Adjusted Indicators

There is a big difference between Phenixfin Stock performing well and Phenixfin 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 Phenixfin'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
LRFC	1.07	0.00	(0.03)	0.14	1.38	(1.26)	2.28	(3.02)	11.85
CXH	0.32	(0.05)	0.00	(0.18)	0.00	0.00	0.53	(0.93)	1.86
EOT	0.42	(0.03)	(0.24)	0.00	0.51	(0.50)	0.97	(0.69)	3.44
NRC	2.36	0.24	0.14	0.27	2.05	(2.71)	5.57	(3.89)	13.72
PTMN	0.98	0.18	0.06	2.67	0.80	(1.20)	2.26	(1.70)	8.53
JSM	0.72	0.11	0.01	0.63	0.72	(0.79)	1.64	(1.54)	5.26
ICMB	1.64	0.28	0.06	(56.27)	2.08	(1.75)	3.72	(3.96)	9.35

Phenixfin Corporate Management

Ryan Phalen	Managing Director	Profile
Gerald Cummins	Chief Officer	Profile
Benjamin Tilewick	Senior Analyst	Profile
Chris Cannellos	Controller	Profile
Ellida CPA	Chief Officer	Profile
Therese Dyman	Controller	Profile

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