Ready Capital Correlations

RCB Stock

USD 24.60 0.04 0.16%

The current 90-days correlation between Ready Capital and Ready Capital is 0.12 (i.e., Average 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

Significant diversification

The correlation between Ready Capital and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ready Capital. 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

0.78	DIST	Distoken Acquisition	Pair Corr
0.7	AB	AllianceBernstein	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr
0.81	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.61	DB	Deutsche Bank AG	Pair Corr
0.62	DX	Dynex Capital Sell-off Trend	Pair Corr
0.68	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.83	MA	Mastercard	Pair Corr
0.67	MC	Moelis	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.83	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.86	TW	Tradeweb Markets	Pair Corr
0.75	WD	Walker Dunlop	Pair Corr
0.73	VCTR	Victory Capital Holdings	Pair Corr
0.84	DPCS	DP Cap Acquisition	Pair Corr
0.69	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.69	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.79	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Ready Stock

0.81	RC	Ready Capital Corp	Pair Corr
0.53	PT	Pintec Technology	Pair Corr
0.69	BRACU	Broad Capital Acquisition	Pair Corr
0.61	VINP	Vinci Partners Inves	Pair Corr
0.59	DMYY	dMY Squared Technology	Pair Corr
0.37	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	RCA	QVCC	ECCX	RILYO	NRUC
RCA		0.69	0.43	0.8	0.49	RCA
QVCC	0.69		0.75	0.74	0.82	QVCC
ECCX	0.43	0.75		0.54	0.9	ECCX
RILYO	0.8	0.74	0.54		0.63	RILYO
NRUC	0.49	0.82	0.9	0.63		NRUC
	RCA	QVCC	ECCX	RILYO	NRUC

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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
RCA	0.09	0.00	(0.36)	0.11	0.19	(0.10)	0.16	(0.12)	1.27
QVCC	1.31	0.19	0.08	0.37	1.67	(1.54)	3.32	(3.55)	12.22
ECCX	0.26	0.03	(0.17)	1.21	0.25	(0.31)	0.61	(0.48)	2.10
RILYO	0.41	0.02	(0.16)	0.53	0.42	(0.53)	1.20	(0.86)	2.95
NRUC	0.42	0.03	(0.10)	0.28	0.39	(0.49)	0.97	(0.74)	2.54

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