Eagle Point Correlations

ECCV Stock

USD 23.34 0.04 0.17%

The current 90-days correlation between Eagle Point Credit and Eagle Point Credit is -0.01 (i.e., Good diversification). The correlation of Eagle Point 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eagle Point Correlation With Market

Good diversification

The correlation between Eagle Point Credit and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eagle Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Eagle Stock

0.94	NVDA	NVIDIA	Pair Corr
0.9	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.89	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.83	GOOG	Alphabet Class C Earnings Call Today	Pair Corr
0.88	META	Meta Platforms Earnings Call This Week	Pair Corr
0.92	AVGO	Broadcom	Pair Corr
0.89	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.71	EC	Ecopetrol SA ADR	Pair Corr
0.84	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.86	PFE	Pfizer Inc	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.93	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.81	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.91	CVX	Chevron Corp	Pair Corr
0.87	DIS	Walt Disney	Pair Corr

Moving against Eagle Stock

0.83	MCD	McDonalds	Pair Corr
0.54	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	ECCX	ECCW	OXLCL	BWNB	RILYZ
ECCX		0.88	0.85	0.42	0.7	ECCX
ECCW	0.88		0.95	0.43	0.67	ECCW
OXLCL	0.85	0.95		0.43	0.65	OXLCL
BWNB	0.42	0.43	0.43		0.52	BWNB
RILYZ	0.7	0.67	0.65	0.52		RILYZ
	ECCX	ECCW	OXLCL	BWNB	RILYZ

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Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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
ECCX	0.34	0.00	(0.28)	0.16	0.42	(0.36)	0.87	(0.82)	1.96
ECCW	0.28	0.07	(0.27)	1.56	0.07	(0.35)	0.52	(0.44)	2.70
OXLCL	0.25	0.08	(0.38)	(0.50)	0.00	(0.31)	0.52	(0.39)	2.58
BWNB	5.58	0.58	0.05	0.80	10.07	(6.28)	17.43	(9.83)	66.28
RILYZ	3.63	0.74	0.15	1.11	3.58	(4.21)	8.93	(7.01)	22.97

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