B Riley Correlations

RILY Stock

USD 5.27 0.52 8.98%

The current 90-days correlation between B Riley Financial and B Riley Financial is 0.41 (i.e., Very weak diversification). The correlation of B Riley 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.

B Riley Correlation With Market

Modest diversification

The correlation between B Riley Financial and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B Riley Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with RILY Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in B Riley Financial. 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 RILY Stock

0.88	RILYP	B Riley Financial Trending	Pair Corr
0.65	C	Citigroup Aggressive Push	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.61	DIST	Distoken Acquisition	Pair Corr
0.7	AX	Axos Financial	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group Normal Trading	Pair Corr
0.63	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.72	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.7	LC	LendingClub Corp	Pair Corr
0.78	MC	Moelis Earnings Call This Week	Pair Corr
0.64	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr

Moving against RILY Stock

0.58	CB	Chubb Earnings Call Tomorrow	Pair Corr
0.4	FG	FG Annuities Life	Pair Corr
0.35	EG	Everest Group	Pair Corr
0.52	WU	Western Union	Pair Corr
0.39	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	RILYP	RILYL	TREE	VOYA	VBTX	SFBS	TBBK	MBIN	MSBI
RILYP		0.99	0.23	0.14	0.63	0.41	0.6	0.48	0.35	RILYP
RILYL	0.99		0.18	0.14	0.61	0.39	0.58	0.47	0.32	RILYL
TREE	0.23	0.18		-0.64	-0.32	-0.34	-0.32	-0.1	-0.28	TREE
VOYA	0.14	0.14	-0.64		0.79	0.89	0.83	0.66	0.79	VOYA
VBTX	0.63	0.61	-0.32	0.79		0.88	0.97	0.75	0.77	VBTX
SFBS	0.41	0.39	-0.34	0.89	0.88		0.94	0.83	0.91	SFBS
TBBK	0.6	0.58	-0.32	0.83	0.97	0.94		0.79	0.84	TBBK
MBIN	0.48	0.47	-0.1	0.66	0.75	0.83	0.79		0.66	MBIN
MSBI	0.35	0.32	-0.28	0.79	0.77	0.91	0.84	0.66		MSBI
	RILYP	RILYL	TREE	VOYA	VBTX	SFBS	TBBK	MBIN	MSBI

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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

RILYL	+ 0.99	RILYP
TBBK	+ 0.97	VBTX
TBBK	+ 0.94	SFBS
MSBI	+ 0.91	SFBS
SFBS	+ 0.89	VOYA
SFBS	+ 0.88	VBTX

High negative correlations

VOYA	- 0.64	TREE
SFBS	- 0.34	TREE
TBBK	- 0.32	TREE
VBTX	- 0.32	TREE
MSBI	- 0.28	TREE
MBIN	- 0.1	TREE

Risk-Adjusted Indicators

There is a big difference between RILY Stock performing well and B Riley 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 B Riley'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
RILYP	5.95	1.44	0.22	2.73	5.18	(7.37)	19.49	(9.06)	43.74
RILYL	6.60	1.40	0.18	1.15	6.71	(7.71)	22.06	(10.20)	54.46
TREE	2.58	(0.31)	0.00	(0.08)	0.00	0.00	4.65	(5.87)	31.20
VOYA	1.31	0.17	0.15	0.24	1.14	(1.41)	3.51	(2.51)	12.19
VBTX	1.60	0.53	0.40	0.58	0.79	(1.98)	3.71	(2.24)	22.78
SFBS	1.31	0.14	0.11	0.26	1.20	(1.59)	2.94	(1.97)	9.46
TBBK	1.80	0.45	0.26	0.45	1.55	(2.25)	4.92	(3.42)	10.28
MBIN	1.83	(0.03)	0.01	0.11	2.34	(1.94)	3.68	(3.25)	12.31
MSBI	1.58	0.22	0.11	0.36	1.57	(1.83)	3.57	(2.82)	12.66

B Riley Corporate Management

Howard Weitzman	Chief Accounting Officer and Sr. VP	Profile
Timothy Wood	Chief Officer	Profile
Perry Mandarino	Head MD	Profile
Daniel Shribman	Chief Officer	Profile
Michael Miller	Senior Solutions	Profile

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