Regional Management Correlations

RM Stock

USD 39.78 0.35 0.87%

The current 90-days correlation between Regional Management Corp and Consumer Portfolio Services is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Regional Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Regional Management Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Regional Management Correlation With Market

Very weak diversification

The correlation between Regional Management Corp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Management Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Regional Stock

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

Moving together with Regional Stock

0.86	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.62	QD	Qudian Inc	Pair Corr
0.88	ECPG	Encore Capital Group	Pair Corr
0.74	ENVA	Enova International Earnings Call This Week	Pair Corr
0.75	EZPW	EZCORP Inc	Pair Corr
0.68	WRLD	World Acceptance	Pair Corr
0.79	FCFS	FirstCash	Pair Corr
0.79	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.72	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.69	PLT	Plenti Group	Pair Corr
0.67	OMF	OneMain Holdings	Pair Corr
0.8	PRG	PROG Holdings Earnings Call This Week	Pair Corr
0.84	SYF	Synchrony Financial	Pair Corr
0.89	GDOT	Green Dot	Pair Corr
0.68	MFX	Manx Financial Group	Pair Corr

Moving against Regional Stock

0.85	0H9P	Intrum AB	Pair Corr
0.74	INDOSTAR	IndoStar Capital Finance Earnings Call Today	Pair Corr
0.69	MUTHOOTCAP	Muthoot Capital Services	Pair Corr
0.67	WILLAMAGOR	Williamson Magor	Pair Corr
0.6	FINV	FinVolution Group	Pair Corr
0.44	SHRIRAMFIN	Shriram Finance	Pair Corr
0.43	LX	Lexinfintech Holdings	Pair Corr
0.8	FIVESTAR	Five Star Business	Pair Corr
0.72	CAPTRUST	Capital Trust Limited	Pair Corr
0.65	PYPL	PayPal Holdings CDR	Pair Corr
0.59	CSLFINANCE	CSL Finance Limited	Pair Corr
0.54	SLM	SLM Corp Earnings Call This Week	Pair Corr
0.36	VHL	Vardhman Holdings	Pair Corr
0.32	XYF	X Financial Class	Pair Corr

Related Correlations Analysis

	ENVA	IX	CPSS	WRLD	FCFS	NBHC	RBB	HBCP	GNTY
ENVA		0.57	-0.12	0.61	0.49	0.79	0.55	0.8	0.28	ENVA
IX	0.57		-0.54	0.64	0.78	0.23	0.51	0.25	0.41	IX
CPSS	-0.12	-0.54		-0.41	-0.71	0.19	-0.01	0.19	-0.46	CPSS
WRLD	0.61	0.64	-0.41		0.8	0.53	0.26	0.53	0.53	WRLD
FCFS	0.49	0.78	-0.71	0.8		0.23	0.13	0.29	0.69	FCFS
NBHC	0.79	0.23	0.19	0.53	0.23		0.42	0.92	0.21	NBHC
RBB	0.55	0.51	-0.01	0.26	0.13	0.42		0.48	-0.36	RBB
HBCP	0.8	0.25	0.19	0.53	0.29	0.92	0.48		0.2	HBCP
GNTY	0.28	0.41	-0.46	0.53	0.69	0.21	-0.36	0.2		GNTY
	ENVA	IX	CPSS	WRLD	FCFS	NBHC	RBB	HBCP	GNTY

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

HBCP	+ 0.92	NBHC
HBCP	+ 0.8	ENVA
FCFS	+ 0.8	WRLD
NBHC	+ 0.79	ENVA
FCFS	+ 0.78	IX
GNTY	+ 0.69	FCFS

High negative correlations

FCFS	- 0.71	CPSS
CPSS	- 0.54	IX
GNTY	- 0.46	CPSS
WRLD	- 0.41	CPSS
GNTY	- 0.36	RBB
CPSS	- 0.12	ENVA

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional Management 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 Regional Management'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
ENVA	1.68	(0.14)	(0.03)	0.00	2.24	(1.74)	3.83	(3.83)	11.41
IX	0.92	0.15	0.13	0.26	0.79	(1.09)	2.09	(1.25)	7.41
CPSS	2.43	(0.29)	0.00	(0.09)	0.00	0.00	5.75	(4.82)	12.25
WRLD	1.96	0.00	0.03	0.07	2.87	(1.97)	4.33	(4.90)	13.39
FCFS	1.43	0.26	0.12	0.31	1.94	(1.53)	2.95	(2.40)	9.92
NBHC	1.21	(0.14)	0.00	(0.02)	0.00	0.00	3.16	(2.33)	11.00
RBB	1.30	(0.11)	(0.04)	0.00	1.31	(1.73)	3.98	(2.15)	8.27
HBCP	1.20	(0.16)	0.00	(0.02)	0.00	0.00	2.97	(2.27)	8.86
GNTY	1.43	0.23	0.10	(1.51)	1.37	(1.90)	3.13	(2.27)	8.97

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