Capital One Correlations

COF Stock

USD 160.97 1.19 0.73%

The current 90-days correlation between Capital One Financial and Mastercard is 0.73 (i.e., Poor diversification). The correlation of Capital One 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.

Capital One Correlation With Market

Very poor diversification

The correlation between Capital One Financial and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital One Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Capital One 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 persons.

Moving together with Capital Stock

0.61	DHIL	Diamond Hill Investment	Pair Corr
0.62	AC	Associated Capital	Pair Corr
0.95	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.89	CG	Carlyle Group	Pair Corr
0.97	GS	Goldman Sachs Group Earnings Call Tomorrow	Pair Corr
0.71	LC	LendingClub Corp	Pair Corr
0.74	MA	Mastercard	Pair Corr
0.91	MC	Moelis	Pair Corr
0.96	MS	Morgan Stanley	Pair Corr
0.9	PX	P10 Inc	Pair Corr
0.77	QD	Qudian Inc	Pair Corr
0.83	RC	Ready Capital Corp	Pair Corr
0.94	RM	Regional Management Corp	Pair Corr
0.89	SF	Stifel Financial	Pair Corr
0.63	WD	Walker Dunlop	Pair Corr
0.86	WT	WisdomTree	Pair Corr
0.92	VCTR	Victory Capital Holdings	Pair Corr
0.78	GCMGW	GCM Grosvenor	Pair Corr
0.66	VRTS	Virtus Investment	Pair Corr
0.78	EARN	Ellington Residential	Pair Corr

Moving against Capital Stock

0.51	DMYY	dMY Squared Technology	Pair Corr
0.45	DB	Deutsche Bank AG	Pair Corr
0.42	TW	Tradeweb Markets	Pair Corr
0.73	DYCQ	DT Cloud Acquisition	Pair Corr
0.69	FCRX	First Eagle Alternative	Pair Corr
0.66	EMCGR	Embrace Change Acqui	Pair Corr
0.6	GDSTW	Goldenstone Acquisition	Pair Corr
0.52	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.5	FCFS	FirstCash	Pair Corr
0.47	DISTR	Distoken Acquisition	Pair Corr
0.41	ANSCU	Agriculture Natural	Pair Corr
0.39	EMCGW	Embrace Change Acqui	Pair Corr
0.39	DISTW	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	MA	V	PYPL	ALLY	AXP	SYF	DFS	UPST	SOFI
MA		0.91	0.18	0.71	0.55	0.43	0.67	0.68	0.45	MA
V	0.91		-0.21	0.44	0.19	0.05	0.38	0.43	0.11	V
PYPL	0.18	-0.21		0.67	0.88	0.94	0.72	0.63	0.9	PYPL
ALLY	0.71	0.44	0.67		0.85	0.81	0.84	0.77	0.85	ALLY
AXP	0.55	0.19	0.88	0.85		0.98	0.94	0.84	0.96	AXP
SYF	0.43	0.05	0.94	0.81	0.98		0.88	0.8	0.96	SYF
DFS	0.67	0.38	0.72	0.84	0.94	0.88		0.85	0.88	DFS
UPST	0.68	0.43	0.63	0.77	0.84	0.8	0.85		0.83	UPST
SOFI	0.45	0.11	0.9	0.85	0.96	0.96	0.88	0.83		SOFI
	MA	V	PYPL	ALLY	AXP	SYF	DFS	UPST	SOFI

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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

SYF	+ 0.98	AXP
SOFI	+ 0.96	AXP
SOFI	+ 0.96	SYF
SYF	+ 0.94	PYPL
DFS	+ 0.94	AXP
V	+ 0.91	MA

High negative correlations

PYPL

- 0.21

Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital One 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 Capital One'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
MA	1.21	0.10	0.04	0.01	2.00	(1.19)	2.62	(3.07)	10.82
V	1.17	0.20	0.10	0.11	1.82	(1.19)	2.33	(2.42)	10.19
PYPL	2.15	(0.35)	0.00	(0.32)	0.00	0.00	3.35	(5.39)	16.97
ALLY	1.94	(0.03)	0.00	(0.10)	0.00	0.00	3.85	(3.99)	15.99
AXP	1.76	(0.11)	0.00	(0.15)	0.00	0.00	3.02	(4.35)	19.28
SYF	2.28	(0.34)	0.00	(0.27)	0.00	0.00	3.16	(4.58)	22.80
DFS	2.60	0.03	0.00	(0.07)	0.00	0.00	3.82	(6.86)	22.43
UPST	4.78	(0.22)	0.00	(0.17)	0.00	0.00	8.56	(10.05)	50.59
SOFI	3.92	(0.16)	0.00	(0.15)	0.00	0.00	6.71	(10.06)	27.53

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