Synchrony Financial Correlations

Preferred Stocks . USA . 
Preferred Stock . Synchrony Financial
SYF-PA Preferred Stock  USD 19.37  0.07  0.36%   
The current 90-days correlation between Synchrony Financial and Capital One Financial is 0.66 (i.e., Poor diversification). The correlation of Synchrony Financial 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.

Synchrony Financial Correlation With Market

Weak diversification

The correlation between Synchrony Financial and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synchrony Financial and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Synchrony Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synchrony Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Synchrony Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Synchrony Financial to buy it.

Moving together with Synchrony Preferred Stock

  0.91IX Orix Corp AdsPairCorr
  0.88LC LendingClub CorpPairCorr
  0.85QD Qudian IncPairCorr
  0.89SYF-PB Synchrony FinancialPairCorr
  0.84ENVA Enova International Earnings Call This WeekPairCorr
  0.86WRLD World Acceptance Earnings Call This WeekPairCorr
  0.91FINV FinVolution GroupPairCorr
  0.86BFH Bread Financial Holdings Earnings Call This WeekPairCorr
  0.82FOA Finance of America Normal TradingPairCorr
  0.74NNI Nelnet IncPairCorr
  0.9OMF OneMain HoldingsPairCorr
  0.64SLM SLM Corp Earnings Call This WeekPairCorr
  0.9SYF Synchrony Financial Earnings Call This WeekPairCorr
  0.79GDOT Green DotPairCorr
  0.77XYF X Financial ClassPairCorr
  0.83LMFA LM Funding America Upward RallyPairCorr
  0.81LPRO Open Lending CorpPairCorr
  0.65MCVT Mill City VenturesPairCorr
  0.71MFIN Medallion Financial CorpPairCorr
  0.88NAVI Navient Corp Earnings Call This WeekPairCorr
  0.78OBDC Blue Owl Capital Sell-off TrendPairCorr
  0.62OPRT Oportun Financial CorpPairCorr

Moving against Synchrony Preferred Stock

  0.8WU Western UnionPairCorr
  0.75DXF Eason TechnologyPairCorr
  0.39LX Lexinfintech HoldingsPairCorr
  0.74NISN Nisun InternationalPairCorr
  0.48ATLCP Atlanticus Holdings CorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Synchrony Preferred Stock performing well and Synchrony Financial 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 Synchrony Financial'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Synchrony Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Forecasting Now

   

Equity Forecasting

Use basic forecasting models to generate price predictions and determine price momentum
All  Next Launch Module

Synchrony Financial Corporate Management

Kathryn MillerVP RelationsProfile
Brian SrEx CFOProfile
Carol JuelEx OfficerProfile
Thomas QuindlenValue DiversifiedProfile
Jonathan EsqGen VPProfile
Brian DoublesCEO PresProfile
Margaret KeaneEx BoardProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY