LendingClub Corp Correlations

LC Stock

USD 10.51 0.19 1.84%

The current 90-days correlation between LendingClub Corp and Navient Corp is 0.47 (i.e., Very weak diversification). The correlation of LendingClub Corp 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.

LendingClub Corp Correlation With Market

Very weak diversification

The correlation between LendingClub Corp and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LendingClub Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LendingClub Corp. 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.

For information on how to trade LendingClub Stock refer to our How to Trade LendingClub Stock guide.

Moving together with LendingClub Stock

0.69	DHIL	Diamond Hill Investment	Pair Corr
0.91	BX	Blackstone Group	Pair Corr
0.83	CG	Carlyle Group	Pair Corr
0.79	MC	Moelis	Pair Corr
0.74	PX	P10 Inc	Pair Corr
0.82	RC	Ready Capital Corp	Pair Corr
0.64	RM	Regional Management Corp	Pair Corr
0.76	SF	Stifel Financial	Pair Corr
0.74	WD	Walker Dunlop	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.64	VCTR	Victory Capital Holdings	Pair Corr
0.95	VRTS	Virtus Investment	Pair Corr
0.61	EARN	Ellington Residential	Pair Corr

Moving against LendingClub Stock

0.87	LX	Lexinfintech Holdings	Pair Corr
0.85	DB	Deutsche Bank AG	Pair Corr
0.85	DX	Dynex Capital	Pair Corr
0.84	XP	Xp Inc	Pair Corr
0.74	LU	Lufax Holding	Pair Corr
0.62	V	Visa Class A	Pair Corr
0.59	WU	Western Union	Pair Corr
0.56	DMYY	dMY Squared Technology	Pair Corr
0.5	TW	Tradeweb Markets	Pair Corr
0.5	DOMH	Dominari Holdings	Pair Corr
0.37	PT	Pintec Technology	Pair Corr
0.35	MA	Mastercard	Pair Corr
0.34	AC	Associated Capital Normal Trading	Pair Corr
0.74	EZPW	EZCORP Inc Buyout Trend	Pair Corr
0.73	FCFS	FirstCash	Pair Corr
0.65	EMCGU	Embrace Change Acqui	Pair Corr
0.64	FBRT	Franklin BSP Realty	Pair Corr
0.59	EMCG	Embrace Change Acqui	Pair Corr
0.57	FCRX	First Eagle Alternative	Pair Corr
0.55	ANSCW	Agriculture Natural	Pair Corr
0.52	DYCQ	DT Cloud Acquisition	Pair Corr
0.42	WSBF	Waterstone Financial	Pair Corr
0.37	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	NAVI	GDOT	IX	FCFS	WU	SLM	MFIN	OPRT	DFS
NAVI		0.01	-0.12	0.27	0.01	0.28	-0.12	0.11	0.59	NAVI
GDOT	0.01		-0.1	-0.35	-0.52	-0.09	0.34	-0.35	0.51	GDOT
IX	-0.12	-0.1		0.01	0.11	-0.05	0.47	-0.27	-0.27	IX
FCFS	0.27	-0.35	0.01		0.38	0.46	-0.26	0.44	-0.14	FCFS
WU	0.01	-0.52	0.11	0.38		0.41	-0.27	0.52	-0.44	WU
SLM	0.28	-0.09	-0.05	0.46	0.41		-0.6	0.85	0.18	SLM
MFIN	-0.12	0.34	0.47	-0.26	-0.27	-0.6		-0.83	-0.13	MFIN
OPRT	0.11	-0.35	-0.27	0.44	0.52	0.85	-0.83		0.0	OPRT
DFS	0.59	0.51	-0.27	-0.14	-0.44	0.18	-0.13	0.0		DFS
	NAVI	GDOT	IX	FCFS	WU	SLM	MFIN	OPRT	DFS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OPRT	+ 0.85	SLM
DFS	+ 0.59	NAVI
OPRT	+ 0.52	WU
DFS	+ 0.51	GDOT
MFIN	+ 0.47	IX
SLM	+ 0.46	FCFS

High negative correlations

OPRT	- 0.83	MFIN
MFIN	- 0.6	SLM
WU	- 0.52	GDOT
DFS	- 0.44	WU
OPRT	- 0.35	GDOT
FCFS	- 0.35	GDOT

Risk-Adjusted Indicators

There is a big difference between LendingClub Stock performing well and LendingClub Corp 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 LendingClub Corp'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
NAVI	1.34	0.03	0.00	(0.03)	0.00	0.00	2.47	(3.27)	8.62
GDOT	2.54	(0.21)	0.00	(0.20)	0.00	0.00	3.80	(5.87)	20.44
IX	0.97	0.02	0.00	(0.03)	0.00	0.00	1.82	(2.26)	7.70
FCFS	0.89	0.27	0.26	0.44	0.87	(1.00)	2.21	(1.75)	6.71
WU	1.21	0.07	0.05	0.05	1.66	(1.34)	3.31	(1.86)	11.48
SLM	1.41	0.21	0.12	0.12	1.49	(1.58)	3.36	(2.80)	8.92
MFIN	1.58	(0.01)	0.00	(0.07)	0.00	0.00	2.74	(3.87)	11.14
OPRT	4.06	0.83	0.16	0.35	4.16	(4.31)	12.20	(7.12)	29.43
DFS	1.99	0.07	0.00	(0.01)	0.00	0.00	3.73	(4.57)	11.21

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

2024 Macroaxis LLC