| RILYK Stock | | | USD 22.80 0.42 1.88% |
The current 90-days correlation between B Riley Financial and B Riley Financial is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B Riley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Riley Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
B Riley Correlation With Market
Good diversification
The correlation between B Riley Financial and DJI is -0.05 (i.e., Good 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.
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 manufacturing.