Regional Management Correlations

RM Stock

USD 29.57 1.55 4.98%

The current 90-days correlation between Regional Management Corp and Federal Agricultural Mortgage is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Regional Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Regional Management Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Regional Management Correlation With Market

Significant diversification

The correlation between Regional Management Corp and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Management Corp 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 Regional Management 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 population.

Moving together with Regional Stock

0.91	BN	Brookfield Corp	Pair Corr
0.86	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.87	CG	Carlyle Group	Pair Corr
0.92	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.95	MC	Moelis	Pair Corr
0.93	MS	Morgan Stanley	Pair Corr
0.87	PX	P10 Inc	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.86	RC	Ready Capital Corp	Pair Corr
0.88	SF	Stifel Financial	Pair Corr
0.69	WD	Walker Dunlop	Pair Corr
0.87	WT	WisdomTree	Pair Corr
0.87	VCTR	Victory Capital Holdings	Pair Corr
0.72	VRTS	Virtus Investment	Pair Corr
0.75	EARN	Ellington Residential	Pair Corr

Moving against Regional Stock

0.69	DMYY	dMY Squared Technology	Pair Corr
0.58	DB	Deutsche Bank AG	Pair Corr
0.54	TW	Tradeweb Markets	Pair Corr
0.4	LU	Lufax Holding	Pair Corr
0.32	LX	Lexinfintech Holdings	Pair Corr
0.78	DYCQ	DT Cloud Acquisition	Pair Corr
0.73	EMCGR	Embrace Change Acqui	Pair Corr
0.7	GDSTW	Goldenstone Acquisition	Pair Corr
0.68	FCRX	First Eagle Alternative	Pair Corr
0.58	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.53	EMCG	Embrace Change Acqui	Pair Corr
0.51	FCFS	FirstCash	Pair Corr
0.45	DISTR	Distoken Acquisition	Pair Corr
0.45	ANSCU	Agriculture Natural	Pair Corr
0.4	EMCGW	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	SLMBP	FCFS	AGM-A	NAVI	NICK	IX	FOA	EZPW
SLMBP		0.14	0.55	0.61	0.0	0.74	0.09	0.05	SLMBP
FCFS	0.14		-0.51	-0.49	0.0	-0.22	-0.39	0.91	FCFS
AGM-A	0.55	-0.51		0.71	0.0	0.62	0.31	-0.51	AGM-A
NAVI	0.61	-0.49	0.71		0.0	0.67	0.59	-0.59	NAVI
NICK	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NICK
IX	0.74	-0.22	0.62	0.67	0.0		0.36	-0.35	IX
FOA	0.09	-0.39	0.31	0.59	0.0	0.36		-0.56	FOA
EZPW	0.05	0.91	-0.51	-0.59	0.0	-0.35	-0.56		EZPW
	SLMBP	FCFS	AGM-A	NAVI	NICK	IX	FOA	EZPW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EZPW	+ 0.91	FCFS
IX	+ 0.74	SLMBP
NAVI	+ 0.71	AGM-A
IX	+ 0.67	NAVI
IX	+ 0.62	AGM-A
NAVI	+ 0.61	SLMBP

High negative correlations

EZPW	- 0.59	NAVI
EZPW	- 0.56	FOA
EZPW	- 0.51	AGM-A
AGM-A	- 0.51	FCFS
NAVI	- 0.49	FCFS
FOA	- 0.39	FCFS

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional Management 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 Regional Management'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
SLMBP	0.55	(0.01)	0.00	(0.11)	0.00	0.00	1.07	(1.48)	4.98
FCFS	1.04	0.22	0.20	0.62	1.20	(1.12)	2.21	(2.33)	7.65
AGM-A	1.89	(0.33)	0.00	(137.98)	0.00	0.00	4.87	(4.73)	13.96
NAVI	1.77	(0.21)	0.00	1.75	0.00	0.00	3.27	(4.82)	12.43
NICK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IX	1.30	(0.12)	0.00	(0.22)	0.00	0.00	1.85	(3.27)	10.23
FOA	2.74	(0.44)	0.00	(0.65)	0.00	0.00	6.23	(6.83)	19.84
EZPW	1.55	0.41	0.31	1.96	1.19	(1.88)	4.10	(2.22)	12.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC