Synchrony Financial Correlations

Synchrony Financial Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchrony 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 board of governors. For information on how to trade Synchrony Stock refer to our How to Trade Synchrony Stock guide.

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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    AL + 0.87 ASR AL + 0.87 CAH CAH + 0.76 PVARF SYRE + 0.65 PVARF CAH + 0.64 ASR AL + 0.6 PVARF

High negative correlations    SBGI - 0.33 PVARF SYRE - 0.32 SBGI ASR - 0.1 SBGI CAH - 0.07 SBGI

Risk-Adjusted Indicators

There is a big difference between Synchrony 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.