Phenixfin Correlations

PFX Stock

USD 49.45 1.60 3.13%

The current 90-days correlation between Phenixfin and MFS Investment Grade is 0.3 (i.e., Weak diversification). The correlation of Phenixfin 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.

Phenixfin Correlation With Market

Average diversification

The correlation between Phenixfin and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phenixfin and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phenixfin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Phenixfin Stock please use our How to Invest in Phenixfin guide.

Moving together with Phenixfin Stock

0.74	DB	Deutsche Bank AG Earnings Call Shortly	Pair Corr
0.66	LU	Lufax Holding Buyout Trend	Pair Corr
0.61	LX	Lexinfintech Holdings	Pair Corr
0.74	TW	Tradeweb Markets	Pair Corr
0.62	FINV	FinVolution Group Normal Trading	Pair Corr

Moving against Phenixfin Stock

0.63	LC	LendingClub Corp Earnings Call Shortly	Pair Corr
0.62	MS	Morgan Stanley	Pair Corr
0.61	MC	Moelis Sell-off Trend	Pair Corr
0.6	BN	Brookfield Corp	Pair Corr
0.59	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.57	BX	Blackstone Group	Pair Corr
0.55	PX	P10 Inc	Pair Corr
0.54	CG	Carlyle Group Earnings Call Shortly	Pair Corr
0.82	RM	Regional Management Corp Earnings Call Shortly	Pair Corr
0.71	ECPG	Encore Capital Group	Pair Corr
0.71	ENVA	Enova International Earnings Call Shortly	Pair Corr
0.62	VCTR	Victory Capital Holdings	Pair Corr
0.6	WT	WisdomTree	Pair Corr
0.55	LGHLW	Lion Financial Group	Pair Corr
0.51	SF	Stifel Financial	Pair Corr
0.42	QD	Qudian Inc	Pair Corr
0.42	VRTS	Virtus Investment	Pair Corr
0.38	VIRT	Virtu Financial	Pair Corr
0.35	WD	Walker Dunlop Earnings Call Shortly	Pair Corr
0.69	WRLD	World Acceptance Earnings Call Shortly	Pair Corr
0.66	AXP	American Express	Pair Corr
0.66	TPG	TPG Inc	Pair Corr
0.55	AMP	Ameriprise Financial	Pair Corr
0.43	BLK	BlackRock	Pair Corr
0.36	FSK	FS KKR Capital	Pair Corr

Related Correlations Analysis

	CXH	CBH	EOT	IHTA	FMN	MHN	NXC
CXH		0.0	0.88	0.0	0.95	0.95	0.87	CXH
CBH	0.0		0.0	0.0	0.0	0.0	0.0	CBH
EOT	0.88	0.0		0.0	0.92	0.9	0.79	EOT
IHTA	0.0	0.0	0.0		0.0	0.0	0.0	IHTA
FMN	0.95	0.0	0.92	0.0		0.97	0.8	FMN
MHN	0.95	0.0	0.9	0.0	0.97		0.83	MHN
NXC	0.87	0.0	0.79	0.0	0.8	0.83		NXC
	CXH	CBH	EOT	IHTA	FMN	MHN	NXC

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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

MHN	+ 0.97	FMN
FMN	+ 0.95	CXH
MHN	+ 0.95	CXH
FMN	+ 0.92	EOT
MHN	+ 0.9	EOT
EOT	+ 0.88	CXH

High negative correlations

NXC	- 0.0	IHTA
MHN	- 0.0	IHTA
FMN	- 0.0	IHTA
IHTA	- 0.0	EOT
NXC	- 0.0	CBH
MHN	- 0.0	CBH

Risk-Adjusted Indicators

There is a big difference between Phenixfin Stock performing well and Phenixfin 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 Phenixfin'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CXH	0.45	(0.06)	(1.20)	0.75	(1.01)	3.43
CBH	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.59	0.00	(0.13)	1.02	(1.49)	4.36
IHTA	0.00	0.00	0.00	0.00	0.00	0.00
FMN	0.54	(0.04)	(0.48)	1.05	(1.26)	3.78
MHN	0.65	(0.02)	(0.22)	1.18	(1.75)	4.40
NXC	0.48	(0.01)	(0.22)	0.85	(1.09)	2.65

Phenixfin Corporate Management

Ryan Phalen	Managing Director	Profile
Gerald Cummins	Chief Officer	Profile
Benjamin Tilewick	Senior Analyst	Profile
Chris Cannellos	Controller	Profile
Ellida CPA	Chief Officer	Profile
Therese Dyman	Controller	Profile

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