Ready Capital Correlations

RC Stock

USD 4.42 0.04 0.90%

The current 90-days correlation between Ready Capital Corp and Ellington Financial is -0.51 (i.e., Excellent diversification). The correlation of Ready Capital 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.

Ready Capital Correlation With Market

Very weak diversification

The correlation between Ready Capital Corp and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ready Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ready Capital 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 Ready Stock refer to our How to Trade Ready Stock guide.

Moving together with Ready Stock

0.64	DHIL	Diamond Hill Investment	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group	Pair Corr
0.89	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.89	GS	Goldman Sachs Group	Pair Corr
0.86	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.67	MA	Mastercard Earnings Call This Week	Pair Corr
0.92	MC	Moelis	Pair Corr
0.91	MS	Morgan Stanley	Pair Corr
0.87	PX	P10 Inc	Pair Corr
0.76	QD	Qudian Inc	Pair Corr
0.84	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.87	SF	Stifel Financial	Pair Corr
0.73	WD	Walker Dunlop Earnings Call This Week	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.88	VCTR	Victory Capital Holdings	Pair Corr
0.69	GCMGW	GCM Grosvenor	Pair Corr
0.83	VRTS	Virtus Investment Earnings Call Today	Pair Corr
0.79	EARN	Ellington Residential	Pair Corr

Moving against Ready Stock

0.76	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.52	TW	Tradeweb Markets	Pair Corr
0.91	DYCQ	DT Cloud Acquisition	Pair Corr
0.73	DMYY	dMY Squared Technology	Pair Corr
0.67	EMCGR	Embrace Change Acqui	Pair Corr
0.64	EMCG	Embrace Change Acqui	Pair Corr
0.61	DISTR	Distoken Acquisition	Pair Corr
0.61	ANSCU	Agriculture Natural	Pair Corr
0.46	DISTW	Distoken Acquisition	Pair Corr
0.4	EMCGU	Embrace Change Acqui	Pair Corr
0.33	EMCGW	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	EARN	EFC	DX	ORC	CIM	ARR	IVR	NYMT	ARI	KREF
EARN		0.24	0.59	0.79	0.87	0.82	0.82	0.28	0.32	0.64	EARN
EFC	0.24		0.79	0.67	0.31	0.58	0.59	0.92	0.84	0.67	EFC
DX	0.59	0.79		0.91	0.59	0.85	0.91	0.84	0.85	0.88	DX
ORC	0.79	0.67	0.91		0.8	0.96	0.97	0.72	0.77	0.91	ORC
CIM	0.87	0.31	0.59	0.8		0.89	0.82	0.4	0.36	0.71	CIM
ARR	0.82	0.58	0.85	0.96	0.89		0.96	0.67	0.69	0.88	ARR
IVR	0.82	0.59	0.91	0.97	0.82	0.96		0.66	0.71	0.91	IVR
NYMT	0.28	0.92	0.84	0.72	0.4	0.67	0.66		0.85	0.72	NYMT
ARI	0.32	0.84	0.85	0.77	0.36	0.69	0.71	0.85		0.76	ARI
KREF	0.64	0.67	0.88	0.91	0.71	0.88	0.91	0.72	0.76		KREF
	EARN	EFC	DX	ORC	CIM	ARR	IVR	NYMT	ARI	KREF

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Risk-Adjusted Indicators

There is a big difference between Ready Stock performing well and Ready Capital 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 Ready Capital'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
EARN	1.41	(0.13)	0.00	(0.32)	0.00	0.00	3.69	(3.78)	9.14
EFC	1.23	0.04	0.10	(0.34)	1.89	(1.24)	3.02	(3.45)	14.28
DX	1.18	0.06	0.00	(0.04)	0.00	0.00	2.49	(2.59)	10.07
ORC	1.47	(0.16)	0.00	1.36	0.00	0.00	2.77	(3.70)	12.86
CIM	1.62	(0.32)	0.00	0.58	0.00	0.00	2.99	(5.40)	15.14
ARR	1.23	(0.29)	0.00	2.29	0.00	0.00	2.36	(2.97)	10.83
IVR	1.51	(0.02)	0.00	(0.16)	0.00	0.00	2.75	(5.48)	11.24
NYMT	1.68	(0.08)	0.00	0.18	0.00	0.00	3.83	(2.65)	14.63
ARI	1.44	0.00	0.07	(0.06)	1.84	(1.77)	2.72	(3.62)	15.57
KREF	1.69	(0.05)	0.00	(0.19)	0.00	0.00	4.15	(3.68)	15.95

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