Chimera Investment Correlations

CIM Stock

USD 12.95 0.10 0.78%

The current 90-days correlation between Chimera Investment and BE Semiconductor Industries is -0.68 (i.e., Excellent diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chimera Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chimera Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Chimera Investment Correlation With Market

Weak diversification

The correlation between Chimera Investment and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chimera Investment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chimera Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chimera Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Chimera Stock, please use our How to Invest in Chimera Investment guide.

Moving together with Chimera Stock

0.85	RC	Ready Capital Corp	Pair Corr
0.74	ABR	Arbor Realty Trust	Pair Corr
0.86	ARI	Apollo Commercial Real	Pair Corr
0.66	MFA	MFA Financial	Pair Corr
0.94	RWT	Redwood Trust	Pair Corr
0.75	GPMT	Granite Point Mortgage	Pair Corr
0.92	KREF	KKR Real Estate	Pair Corr
0.81	LADR	Ladder Capital Corp	Pair Corr
0.68	LOAN	Manhattan Bridge Capital	Pair Corr
0.87	AFCG	AFC Gamma	Pair Corr
0.93	STWD	Starwood Property Trust	Pair Corr
0.82	CHMI	Cherry Hill Mortgage	Pair Corr
0.83	META	Meta Platforms Aggressive Push	Pair Corr

Moving against Chimera Stock

0.66	DX	Dynex Capital	Pair Corr
0.65	DDT	Dillards Capital Trust	Pair Corr
0.63	ARR	ARMOUR Residential REIT	Pair Corr
0.55	ORC	Orchid Island Capital	Pair Corr
0.5	EFC	Ellington Financial	Pair Corr
0.37	PMT	PennyMac Mortgage	Pair Corr
0.36	IVR	Invesco Mortgage Capital	Pair Corr
0.31	NLY	Annaly Capital Manag	Pair Corr
0.74	NXT	Nextracker Class A Sell-off Trend	Pair Corr
0.73	AAPL	Apple Inc	Pair Corr
0.62	GOOG	Alphabet Class C	Pair Corr
0.6	CINF	Cincinnati Financial	Pair Corr
0.56	MMM	3M Company	Pair Corr
0.52	NVDA	NVIDIA Aggressive Push	Pair Corr
0.44	KNTPF	Kintor Pharmaceutical	Pair Corr
0.34	AGNC	AGNC Investment Corp	Pair Corr

Related Correlations Analysis

	MITT	PDSB	PBYI	BESVF	BCIC	AIV	DREUF
MITT		-0.38	-0.22	0.74	0.94	0.28	0.31	MITT
PDSB	-0.38		-0.38	-0.77	-0.47	-0.28	0.37	PDSB
PBYI	-0.22	-0.38		0.15	-0.21	0.08	-0.39	PBYI
BESVF	0.74	-0.77	0.15		0.81	0.34	-0.08	BESVF
BCIC	0.94	-0.47	-0.21	0.81		0.3	0.2	BCIC
AIV	0.28	-0.28	0.08	0.34	0.3		0.15	AIV
DREUF	0.31	0.37	-0.39	-0.08	0.2	0.15		DREUF
	MITT	PDSB	PBYI	BESVF	BCIC	AIV	DREUF

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

BCIC	+ 0.94	MITT
BCIC	+ 0.81	BESVF
BESVF	+ 0.74	MITT
DREUF	+ 0.37	PDSB
AIV	+ 0.34	BESVF
DREUF	+ 0.31	MITT

High negative correlations

BESVF	- 0.77	PDSB
BCIC	- 0.47	PDSB
DREUF	- 0.39	PBYI
PBYI	- 0.38	PDSB
PDSB	- 0.38	MITT
AIV	- 0.28	PDSB

Risk-Adjusted Indicators

There is a big difference between Chimera Stock performing well and Chimera Investment 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 Chimera Investment'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
MITT	1.12	0.11	0.06	0.33	1.00	(1.42)	2.56	(2.04)	8.15
PDSB	3.21	(0.58)	0.00	(0.20)	0.00	0.00	8.00	(7.14)	20.74
PBYI	3.00	0.14	0.02	0.37	4.52	(3.48)	5.81	(5.14)	43.28
BESVF	0.52	0.29	0.00	(0.58)	0.00	0.00	0.00	0.00	13.10
BCIC	1.10	0.13	0.07	0.28	1.34	(1.18)	2.38	(1.81)	8.92
AIV	1.01	(0.03)	(0.06)	0.00	1.04	(1.53)	2.53	(2.27)	8.73
DREUF	0.85	(0.05)	0.00	(0.04)	0.00	0.00	1.53	(2.05)	7.11

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