PRA Correlations

PRAA Stock

USD 15.58 0.29 1.83%

The current 90-days correlation between PRA Group and Credit Acceptance is 0.33 (i.e., Weak diversification). The correlation of PRA 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.

PRA Correlation With Market

Very weak diversification

The correlation between PRA Group and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PRA Group 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 PRA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with PRA Stock

0.77	CGBD	Carlyle Secured Lending	Pair Corr
0.64	FG	FG Annuities Life	Pair Corr

Moving against PRA Stock

0.6	OPFI	OppFi Inc	Pair Corr
0.57	V	Visa Class A	Pair Corr
0.57	MA	Mastercard	Pair Corr
0.56	GAIN	Gladstone Investment	Pair Corr
0.53	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.53	AC	Associated Capital	Pair Corr
0.43	AXP	American Express	Pair Corr
0.43	TPVG	Triplepoint Venture	Pair Corr
0.43	TSLX	Sixth Street Specialty	Pair Corr
0.43	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.39	DHIL	Diamond Hill Investment	Pair Corr
0.38	L	Loews Corp Earnings Call This Week	Pair Corr
0.36	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.34	C	Citigroup Aggressive Push	Pair Corr
0.32	GS	Goldman Sachs Group	Pair Corr
0.31	GLAD	Gladstone Capital	Pair Corr
0.72	HG	Hamilton Insurance Group,	Pair Corr
0.54	BK	Bank of New York	Pair Corr
0.45	KB	KB Financial Group Earnings Call Today	Pair Corr
0.43	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.42	CM	Canadian Imperial Bank	Pair Corr
0.42	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.4	CB	Chubb Earnings Call Today	Pair Corr
0.39	BN	Brookfield Corp	Pair Corr
0.36	QD	Qudian Inc	Pair Corr
0.31	CG	Carlyle Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CACC	ECPG	FARO	FCFS	FORM	MIDD	PMTS	RWAY	UFCS
CACC		0.64	0.61	0.65	0.81	0.6	-0.15	0.69	0.29	CACC
ECPG	0.64		0.87	0.54	0.83	0.89	-0.55	0.68	0.54	ECPG
FARO	0.61	0.87		0.5	0.85	0.86	-0.72	0.74	0.53	FARO
FCFS	0.65	0.54	0.5		0.61	0.34	0.01	0.44	0.34	FCFS
FORM	0.81	0.83	0.85	0.61		0.8	-0.46	0.9	0.4	FORM
MIDD	0.6	0.89	0.86	0.34	0.8		-0.66	0.7	0.51	MIDD
PMTS	-0.15	-0.55	-0.72	0.01	-0.46	-0.66		-0.4	-0.15	PMTS
RWAY	0.69	0.68	0.74	0.44	0.9	0.7	-0.4		0.26	RWAY
UFCS	0.29	0.54	0.53	0.34	0.4	0.51	-0.15	0.26		UFCS
	CACC	ECPG	FARO	FCFS	FORM	MIDD	PMTS	RWAY	UFCS

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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

RWAY	+ 0.9	FORM
MIDD	+ 0.89	ECPG
FARO	+ 0.87	ECPG
MIDD	+ 0.86	FARO
FORM	+ 0.85	FARO
FORM	+ 0.83	ECPG

High negative correlations

PMTS	- 0.72	FARO
PMTS	- 0.66	MIDD
PMTS	- 0.55	ECPG
PMTS	- 0.46	FORM
RWAY	- 0.4	PMTS
UFCS	- 0.15	PMTS

Risk-Adjusted Indicators

There is a big difference between PRA Stock performing well and PRA 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 PRA'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
CACC	1.57	(0.17)	(0.06)	0.01	1.95	(1.76)	3.92	(2.87)	9.52
ECPG	2.02	0.27	0.15	0.32	1.96	(2.40)	3.61	(2.72)	28.93
FARO	2.00	0.93	0.74	7.45	0.00	(2.52)	4.02	(2.10)	35.14
FCFS	0.97	0.08	0.01	0.31	0.85	(1.09)	2.32	(1.46)	11.39
FORM	2.12	0.21	0.14	0.26	1.85	(2.77)	5.20	(3.64)	12.10
MIDD	1.44	0.00	0.02	0.13	1.41	(1.76)	3.28	(2.29)	10.71
PMTS	2.47	(0.17)	0.00	(0.44)	0.00	0.00	3.87	(5.71)	23.48
RWAY	1.17	0.36	0.22	1.16	0.84	(1.36)	2.45	(1.84)	8.57
UFCS	1.18	(0.06)	(0.05)	0.06	1.70	(1.10)	2.79	(2.47)	7.87

PRA Corporate Management

Laura White	Chief Compliance Officer	Profile
Jan Husby	Global Officer	Profile
Najim CFA	Vice Relations	Profile
Chris Burroughs	Chief Officer	Profile
James Fike	Vice Finance	Profile

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