Raymond James Correlations

RJF Stock

USD 162.62 0.80 0.49%

The current 90-days correlation between Raymond James Financial and Air Products and is -0.05 (i.e., Good diversification). The correlation of Raymond James 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.

Raymond James Correlation With Market

Very weak diversification

The correlation between Raymond James Financial and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raymond James Financial 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 Raymond James Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Raymond Stock

0.84	V	Visa Class A Sell-off Trend	Pair Corr
0.9	DIST	Distoken Acquisition	Pair Corr
0.94	LC	LendingClub Corp	Pair Corr
0.75	LX	Lexinfintech Holdings Earnings Call Today	Pair Corr
0.88	MA	Mastercard	Pair Corr
0.98	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.87	QD	Qudian Inc	Pair Corr
0.69	TW	Tradeweb Markets Normal Trading	Pair Corr
0.69	WAVS	Western Acquisition	Pair Corr
0.91	ENVA	Enova International	Pair Corr
0.64	FDUS	Fidus Investment Corp	Pair Corr
0.69	AGM	Federal Agricultural	Pair Corr
0.96	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.81	FNVT	Finnovate Acquisition	Pair Corr
0.96	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.97	FRHC	Freedom Holding Corp	Pair Corr
0.85	GREE	Greenidge Generation	Pair Corr
0.65	IPXXU	Inflection Point Acq	Pair Corr
0.87	IREN	Iris Energy	Pair Corr
0.76	LRFC	Logan Ridge Finance	Pair Corr

Moving against Raymond Stock

0.86	FCFS	FirstCash	Pair Corr
0.85	WU	Western Union	Pair Corr
0.65	RM	Regional Management Corp	Pair Corr
0.64	PT	Pintec Technology	Pair Corr
0.71	ORGN	Origin Materials	Pair Corr
0.71	AIHS	Senmiao Technology	Pair Corr
0.7	GROW	US Global Investors	Pair Corr
0.67	MCVT	Mill City Ventures	Pair Corr
0.63	RAND	Rand Capital Corp	Pair Corr

Related Correlations Analysis

	APD	ALDFU	SBRA	CVWFF	HASI	ECVT
APD		0.42	0.65	-0.4	0.05	0.19	APD
ALDFU	0.42		0.42	-0.33	-0.37	0.47	ALDFU
SBRA	0.65	0.42		-0.36	0.14	0.16	SBRA
CVWFF	-0.4	-0.33	-0.36		0.03	-0.21	CVWFF
HASI	0.05	-0.37	0.14	0.03		-0.71	HASI
ECVT	0.19	0.47	0.16	-0.21	-0.71		ECVT
	APD	ALDFU	SBRA	CVWFF	HASI	ECVT

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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

SBRA	+ 0.65	APD
ECVT	+ 0.47	ALDFU
ALDFU	+ 0.42	APD
SBRA	+ 0.42	ALDFU
ECVT	+ 0.19	APD
ECVT	+ 0.16	SBRA

High negative correlations

ECVT	- 0.71	HASI
CVWFF	- 0.4	APD
HASI	- 0.37	ALDFU
CVWFF	- 0.36	SBRA
CVWFF	- 0.33	ALDFU
ECVT	- 0.21	CVWFF

Risk-Adjusted Indicators

There is a big difference between Raymond Stock performing well and Raymond James 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 Raymond James' 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
APD	0.92	0.26	0.21	1.06	0.57	(1.02)	1.90	(1.38)	10.91
ALDFU	0.06	(0.01)	0.00	2.05	0.00	0.00	0.10	(0.10)	0.30
SBRA	1.25	0.26	0.10	(7.32)	1.49	(1.28)	2.54	(2.50)	8.78
CVWFF	0.96	(0.09)	0.00	(0.16)	0.00	0.00	1.64	(4.48)	28.54
HASI	1.73	(0.16)	0.00	0.87	0.00	0.00	2.79	(4.13)	18.58
ECVT	1.81	0.16	0.11	0.18	1.56	(2.34)	4.55	(3.08)	17.08

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