Rithm Capital Correlations

Stocks . USA . 
Stock . Rithm Capital Corp
RITM Stock  USD 12.27  0.08  0.66%   
The current 90-days correlation between Rithm Capital Corp and Starwood Property Trust is 0.67 (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 0.69 (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

  0.88DHIL Diamond Hill InvestmentPairCorr
  0.71DIST Distoken AcquisitionPairCorr
  0.89AB AllianceBernstein Earnings Call TomorrowPairCorr
  0.66AC Associated CapitalPairCorr
  0.94BN Brookfield CorpPairCorr
  0.91BX Blackstone Group Normal TradingPairCorr
  0.9CG Carlyle Group Earnings Call TomorrowPairCorr
  0.88DB Deutsche Bank AG Earnings Call TomorrowPairCorr
  0.92DX Dynex CapitalPairCorr
  0.85GS Goldman Sachs GroupPairCorr
  0.8LC LendingClub Corp Earnings Call This WeekPairCorr
  0.9MC MoelisPairCorr
  0.87MS Morgan Stanley Sell-off TrendPairCorr
  0.87QD Qudian IncPairCorr
  0.88SF Stifel FinancialPairCorr
  0.86WT WisdomTreePairCorr
  0.88VCTR Victory Capital Holdings Normal TradingPairCorr
  0.83VIRT Virtu Financial, Earnings Call This WeekPairCorr
  0.67DYCQ DT Cloud AcquisitionPairCorr
  0.91VRTS Virtus Investment Earnings Call This WeekPairCorr
  0.81EARN Ellington ResidentialPairCorr

Moving against Rithm Stock

  0.63WU Western Union Earnings Call This WeekPairCorr
  0.45GCMGW GCM GrosvenorPairCorr
  0.67ANSCW Agriculture NaturalPairCorr
  0.49EZPW 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
+ 0.95
STWD
OMF
+ 0.95
AGNC
AGNC
+ 0.93
STWD
OMF
+ 0.87
OBDC
OBDC
+ 0.85
AGNC
OBDC
+ 0.84
STWD
  
High negative correlations   
OMF
- 0.55
TWO
OBDC
- 0.48
TWO
AGNC
- 0.47
TWO
TWO
- 0.45
STWD
ACRE
- 0.31
TWO
ACRE
- 0.11
ABR

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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