| RILYZ Stock | | | USD 11.09 0.61 5.82% |
The current 90-days correlation between B Riley Financial and B Riley Financial is 0.56 (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
Average diversification
The correlation between B Riley Financial and DJI is 0.14 (i.e., Average 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.
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signals in manufacturing.