Rithm Capital Correlations

Stocks . USA . 
Stock . Rithm Capital Corp
RITM Stock  USD 12.23  0.02  0.16%   
The current 90-days correlation between Rithm Capital Corp and Starwood Property Trust is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rithm Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rithm Capital Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rithm Capital Correlation With Market

Poor diversification

The correlation between Rithm Capital Corp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rithm Capital Corp and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Rithm Stock

  0.87DHIL Diamond Hill InvestmentPairCorr
  0.79DIST Distoken AcquisitionPairCorr
  0.82AB AllianceBernstein Normal TradingPairCorr
  0.93BN Brookfield CorpPairCorr
  0.94BX Blackstone GroupPairCorr
  0.91CG Carlyle GroupPairCorr
  0.86DB Deutsche Bank AG Buyout TrendPairCorr
  0.9DX Dynex CapitalPairCorr
  0.84GS Goldman Sachs GroupPairCorr
  0.81LC LendingClub Corp Earnings Call This WeekPairCorr
  0.91MC MoelisPairCorr
  0.84MS Morgan StanleyPairCorr
  0.87QD Qudian IncPairCorr
  0.89SF Stifel FinancialPairCorr
  0.88WT WisdomTree Earnings Call Next WeekPairCorr
  0.88VCTR Victory Capital HoldingsPairCorr
  0.8VIRT Virtu Financial, Earnings Call This WeekPairCorr
  0.64DYCQ DT Cloud AcquisitionPairCorr
  0.92VRTS Virtus Investment Earnings Call TomorrowPairCorr
  0.8EARN Ellington ResidentialPairCorr

Moving against Rithm Stock

  0.6WU Western Union Earnings Call This WeekPairCorr
  0.42GCMGW GCM GrosvenorPairCorr
  0.51ANSCW Agriculture NaturalPairCorr
  0.4EZPW EZCORP Inc Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
OMF
+ 0.94
AGNC
OMF
+ 0.93
STWD
AGNC
+ 0.9
STWD
OMF
+ 0.86
OBDC
OBDC
+ 0.85
AGNC
OBDC
+ 0.8
STWD
  
High negative correlations   
OMF
- 0.61
TWO
AGNC
- 0.55
TWO
OBDC
- 0.53
TWO
TWO
- 0.51
STWD
ACRE
- 0.42
TWO
TWO
- 0.14
RC

Risk-Adjusted Indicators

There is a big difference between Rithm Stock performing well and Rithm 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 Rithm 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.

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