Raymond James Correlations

RJF Stock

USD 160.61 1.23 0.77%

The current 90-days correlation between Raymond James Financial and Arthur J Gallagher is 0.37 (i.e., Weak diversification). The correlation of Raymond James 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.

Raymond James Correlation With Market

Poor diversification

The correlation between Raymond James Financial and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raymond James Financial 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 Raymond James 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 inflation.

Moving together with Raymond Stock

0.93	GS	Goldman Sachs Group	Pair Corr
0.95	MC	Moelis	Pair Corr
0.97	SF	Stifel Financial	Pair Corr
0.8	WSBF	Waterstone Financial	Pair Corr
0.96	AMP	Ameriprise Financial Earnings Call Tomorrow	Pair Corr
0.94	AXP	American Express	Pair Corr
0.95	COF	Capital One Financial	Pair Corr
0.94	EVR	Evercore Partners	Pair Corr
0.95	HLI	Houlihan Lokey Earnings Call This Week	Pair Corr
0.92	JXN	Jackson Financial Normal Trading	Pair Corr
0.96	LAZ	Lazard Earnings Call Today	Pair Corr
0.9	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.91	PJT	PJT Partners Earnings Call This Week	Pair Corr
0.94	PWP	Perella Weinberg Partners	Pair Corr
0.87	SCM	Stellus Capital Inve Earnings Call This Week	Pair Corr
0.7	GAIN	Gladstone Investment	Pair Corr
0.91	GLAD	Gladstone Capital	Pair Corr
0.73	GROW	US Global Investors	Pair Corr
0.83	HTGC	Hercules Capital Earnings Call This Week	Pair Corr
0.75	LMFA	LM Funding America Trending	Pair Corr
0.83	MAIN	Main Street Capital	Pair Corr
0.66	OPFI	OppFi Inc	Pair Corr
0.87	PFLT	PennantPark Floating Rate	Pair Corr
0.94	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.89	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.93	ALLY	Ally Financial Sell-off Trend	Pair Corr

Moving against Raymond Stock

0.61	EZPW	EZCORP Inc Earnings Call This Week	Pair Corr
0.72	SRL	Scully Royalty	Pair Corr
0.45	MKTX	MarketAxess Holdings	Pair Corr
0.62	AIHS	Senmiao Technology	Pair Corr

Related Correlations Analysis

	AJG	EG	EVR	LPLA	MKTX	NTRS	PIPR	REG	SF	WRB
AJG		0.5	-0.55	-0.02	0.07	-0.53	-0.53	0.54	-0.51	0.58	AJG
EG	0.5		-0.67	-0.51	0.15	-0.64	-0.58	0.28	-0.63	0.2	EG
EVR	-0.55	-0.67		0.72	-0.38	0.97	0.95	-0.38	0.98	-0.15	EVR
LPLA	-0.02	-0.51	0.72		-0.32	0.7	0.61	0.02	0.72	0.38	LPLA
MKTX	0.07	0.15	-0.38	-0.32		-0.33	-0.46	0.21	-0.42	0.35	MKTX
NTRS	-0.53	-0.64	0.97	0.7	-0.33		0.92	-0.36	0.97	-0.07	NTRS
PIPR	-0.53	-0.58	0.95	0.61	-0.46	0.92		-0.4	0.96	-0.28	PIPR
REG	0.54	0.28	-0.38	0.02	0.21	-0.36	-0.4		-0.37	0.54	REG
SF	-0.51	-0.63	0.98	0.72	-0.42	0.97	0.96	-0.37		-0.17	SF
WRB	0.58	0.2	-0.15	0.38	0.35	-0.07	-0.28	0.54	-0.17		WRB
	AJG	EG	EVR	LPLA	MKTX	NTRS	PIPR	REG	SF	WRB

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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

SF	+ 0.98	EVR
NTRS	+ 0.97	EVR
SF	+ 0.97	NTRS
SF	+ 0.96	PIPR
PIPR	+ 0.95	EVR
PIPR	+ 0.92	NTRS

High negative correlations

EVR	- 0.67	EG
NTRS	- 0.64	EG
SF	- 0.63	EG
PIPR	- 0.58	EG
EVR	- 0.55	AJG
PIPR	- 0.53	AJG

Risk-Adjusted Indicators

There is a big difference between Raymond Stock performing well and Raymond James 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 Raymond James' 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
AJG	1.12	(0.21)	0.00	(0.13)	0.00	0.00	2.30	(2.62)	7.55
EG	1.11	(0.18)	0.00	(0.04)	0.00	0.00	2.33	(2.01)	10.15
EVR	1.75	0.78	0.29	(3.25)	1.39	(2.09)	5.02	(2.86)	12.68
LPLA	1.41	0.16	0.08	0.33	1.50	(1.60)	3.81	(2.53)	11.73
MKTX	1.09	(0.05)	0.00	0.43	0.00	0.00	1.88	(2.28)	7.77
NTRS	1.33	0.38	0.31	0.49	0.87	(1.65)	3.18	(2.01)	10.44
PIPR	1.53	0.26	0.24	0.32	1.19	(1.93)	3.73	(2.50)	9.36
REG	0.74	0.01	(0.18)	0.04	0.94	(0.80)	1.68	(1.33)	4.63
SF	1.31	0.21	0.17	0.32	1.05	(1.46)	3.37	(2.43)	10.42
WRB	0.98	(0.11)	(0.13)	0.02	1.15	(1.07)	1.94	(2.01)	8.11

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