Ready Capital Correlations

RCB Stock

USD 24.35 0.18 0.73%

The current 90-days correlation between Ready Capital and New York Mortgage is 0.01 (i.e., Significant diversification). The correlation of Ready 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.

Ready Capital Correlation With Market

Significant diversification

The correlation between Ready Capital and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ready Stock

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

For information on how to trade Ready Stock refer to our How to Trade Ready Stock guide.

Moving together with Ready Stock

0.67	CNF	CNFinance Holdings	Pair Corr
0.72	WFCPX	Wells Fargo	Pair Corr
0.76	BETR	Better Home Finance	Pair Corr
0.82	MRLWF	Marlowe Plc	Pair Corr
0.7	AU	AngloGold Ashanti plc	Pair Corr
0.83	SUVPF	Sartorius Aktiengesellscha	Pair Corr
0.71	CRS	Carpenter Technology	Pair Corr
0.88	BTLCY	British Land	Pair Corr
0.82	AWAW	White Fox Ventures	Pair Corr
0.68	TWLO	Twilio Inc	Pair Corr

Moving against Ready Stock

0.84	AGM	Federal Agricultural	Pair Corr
0.81	NMIH	NMI Holdings	Pair Corr
0.73	SNFCA	Security National	Pair Corr
0.7	ESNT	Essent Group	Pair Corr
0.7	RKT	Rocket Companies Aggressive Push	Pair Corr
0.61	WD	Walker Dunlop	Pair Corr
0.6	UWMC	UWM Holdings Corp	Pair Corr
0.53	ONIT	Onity Group	Pair Corr
0.49	VEL	Velocity Financial Llc	Pair Corr
0.43	RDN	Radian Group	Pair Corr
0.4	MBIN	Merchants Bancorp	Pair Corr
0.36	MTG	MGIC Investment Corp	Pair Corr
0.91	GOOD	Gladstone Commercial	Pair Corr
0.76	AMPH	Amphastar P	Pair Corr
0.76	KNTK	Kinetik Holdings	Pair Corr
0.34	MMSI	Merit Medical Systems	Pair Corr

Related Correlations Analysis

	TRTX	RWT	WSR	ADAM	MITT	IVR	FBRT	CTO	KREF
TRTX		0.31	0.65	0.51	0.54	0.28	0.28	0.6	0.43	TRTX
RWT	0.31		-0.3	0.22	-0.28	-0.47	0.97	-0.44	0.94	RWT
WSR	0.65	-0.3		0.41	0.82	0.42	-0.35	0.92	-0.07	WSR
ADAM	0.51	0.22	0.41		0.68	0.07	0.17	0.34	0.36	ADAM
MITT	0.54	-0.28	0.82	0.68		0.43	-0.36	0.76	-0.12	MITT
IVR	0.28	-0.47	0.42	0.07	0.43		-0.5	0.63	-0.49	IVR
FBRT	0.28	0.97	-0.35	0.17	-0.36	-0.5		-0.46	0.92	FBRT
CTO	0.6	-0.44	0.92	0.34	0.76	0.63	-0.46		-0.25	CTO
KREF	0.43	0.94	-0.07	0.36	-0.12	-0.49	0.92	-0.25		KREF
	TRTX	RWT	WSR	ADAM	MITT	IVR	FBRT	CTO	KREF

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

FBRT	+ 0.97	RWT
KREF	+ 0.94	RWT
CTO	+ 0.92	WSR
KREF	+ 0.92	FBRT
MITT	+ 0.82	WSR
CTO	+ 0.76	MITT

High negative correlations

FBRT	- 0.5	IVR
KREF	- 0.49	IVR
IVR	- 0.47	RWT
CTO	- 0.46	FBRT
CTO	- 0.44	RWT
FBRT	- 0.36	MITT

Risk-Adjusted Indicators

There is a big difference between Ready Stock performing well and Ready 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 Ready 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
TRTX	0.91	(0.02)	(0.03)	0.01	1.25	(0.87)	1.84	(2.18)	5.37
RWT	1.29	(0.20)	0.00	(0.16)	0.00	0.00	2.19	(2.73)	7.66
WSR	1.09	0.09	0.05	0.27	1.09	(1.27)	2.12	(1.66)	10.60
ADAM	1.21	0.08	0.04	0.14	1.46	(1.37)	3.02	(2.42)	8.23
MITT	1.14	0.15	0.11	0.33	0.97	(1.48)	2.66	(2.04)	7.73
IVR	1.02	0.08	0.06	0.18	1.00	(1.24)	2.37	(1.75)	6.69
FBRT	0.83	(0.13)	0.00	(0.16)	0.00	0.00	1.69	(1.67)	6.47
CTO	0.89	0.09	0.06	0.22	1.11	(0.93)	1.91	(1.54)	6.65
KREF	1.20	(0.13)	0.00	(0.09)	0.00	0.00	2.33	(2.52)	8.94

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