Navient Corp Correlations

NAVI Stock

USD 14.38 0.25 1.77%

The current 90-days correlation between Navient Corp and FirstCash is 0.21 (i.e., Modest diversification). The correlation of Navient 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.

Navient Corp Correlation With Market

Very weak diversification

The correlation between Navient Corp and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navient Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Navient Stock

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

For more detail on how to invest in Navient Stock please use our How to Invest in Navient Corp guide.

Moving together with Navient Stock

0.62	AGM	Federal Agricultural	Pair Corr
0.97	AXP	American Express	Pair Corr
0.85	PNNT	PennantPark Investment	Pair Corr
0.89	C	Citigroup Aggressive Push	Pair Corr
0.89	L	Loews Corp Earnings Call This Week	Pair Corr
0.95	DHIL	Diamond Hill Investment	Pair Corr
0.81	AB	AllianceBernstein Earnings Call Tomorrow	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.93	AX	Axos Financial Earnings Call This Week	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.84	BX	Blackstone Group	Pair Corr
0.83	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.9	CG	Carlyle Group Earnings Call Tomorrow	Pair Corr
0.91	CM	Canadian Imperial Bank	Pair Corr
0.91	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.93	GS	Goldman Sachs Group	Pair Corr
0.72	HG	Hamilton Insurance Group,	Pair Corr
0.85	IX	Orix Corp Ads Normal Trading	Pair Corr
0.89	KB	KB Financial Group	Pair Corr
0.81	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.9	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley	Pair Corr
0.79	NU	Nu Holdings	Pair Corr
0.86	PB	Prosperity Bancshares	Pair Corr
0.88	QD	Qudian Inc	Pair Corr
0.89	RF	Regions Financial Normal Trading	Pair Corr

Moving against Navient Stock

0.68	FG	FG Annuities Life	Pair Corr
0.56	EG	Everest Group Earnings Call This Week	Pair Corr
0.72	WU	Western Union Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SLM	IX	FCFS	MFIN	OPRT	UNM	IVZ	TGNA	NWSA
SLM		0.41	-0.07	0.57	0.71	0.41	0.48	0.74	0.68	SLM
IX	0.41		0.23	0.8	0.48	0.43	0.29	0.32	0.62	IX
FCFS	-0.07	0.23		0.02	-0.05	-0.23	0.31	0.18	0.41	FCFS
MFIN	0.57	0.8	0.02		0.64	0.54	0.06	0.48	0.46	MFIN
OPRT	0.71	0.48	-0.05	0.64		0.28	0.25	0.66	0.5	OPRT
UNM	0.41	0.43	-0.23	0.54	0.28		-0.23	0.37	0.15	UNM
IVZ	0.48	0.29	0.31	0.06	0.25	-0.23		0.4	0.74	IVZ
TGNA	0.74	0.32	0.18	0.48	0.66	0.37	0.4		0.62	TGNA
NWSA	0.68	0.62	0.41	0.46	0.5	0.15	0.74	0.62		NWSA
	SLM	IX	FCFS	MFIN	OPRT	UNM	IVZ	TGNA	NWSA

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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

MFIN	+ 0.8	IX
TGNA	+ 0.74	SLM
NWSA	+ 0.74	IVZ
OPRT	+ 0.71	SLM
NWSA	+ 0.68	SLM
TGNA	+ 0.66	OPRT

High negative correlations

IVZ	- 0.23	UNM
UNM	- 0.23	FCFS
FCFS	- 0.07	SLM
OPRT	- 0.05	FCFS

Risk-Adjusted Indicators

There is a big difference between Navient Stock performing well and Navient 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 Navient 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
SLM	1.20	0.09	0.04	0.32	1.15	(1.33)	2.60	(1.89)	6.78
IX	0.85	0.09	0.05	0.32	0.78	(0.95)	1.99	(1.64)	6.41
FCFS	0.84	(0.03)	(0.18)	0.09	0.96	(0.85)	1.51	(1.46)	6.47
MFIN	1.37	0.19	(0.02)	(1.40)	1.67	(1.40)	3.39	(2.30)	8.25
OPRT	3.58	0.29	0.07	0.53	3.64	(4.18)	8.62	(6.45)	18.15
UNM	1.12	(0.11)	(0.07)	0.10	1.34	(1.08)	2.14	(2.06)	7.21
IVZ	1.57	0.52	0.34	0.73	0.95	(1.96)	3.57	(2.09)	13.87
TGNA	1.18	(0.07)	(0.08)	0.10	1.50	(1.19)	2.57	(2.84)	6.42
NWSA	0.73	0.05	(0.07)	0.33	0.69	(0.83)	1.62	(1.38)	5.33

Navient Corp Corporate Management

Mike Smith	Senior Officer	Profile
Patricia Christel	VP CEO	Profile
Robert Crawford	Senior Controller	Profile
Mark Heleen	Chief Legal Officer and Corporate Secretary	Profile
Paul Hartwick	Vice Communications	Profile
Joe CFA	CFO VP	Profile
Judah Holland	Senior Initiatives	Profile

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