SLM Corp Correlations

SLM Stock

USD 32.72 0.11 0.34%

The current 90-days correlation between SLM Corp and FirstCash is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SLM Corp Correlation With Market

Poor diversification

The correlation between SLM Corp and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SLM Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SLM Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SLM 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 bureau of economic analysis.

To learn how to invest in SLM Stock, please use our How to Invest in SLM Corp guide.

Moving together with SLM Stock

0.7	V	Visa Class A Earnings Call This Week	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr
0.73	MA	Mastercard	Pair Corr
0.87	AXP	American Express	Pair Corr
0.79	COF	Capital One Financial Earnings Call Today	Pair Corr
0.72	GAIN	Gladstone Investment	Pair Corr
0.69	GLAD	Gladstone Capital	Pair Corr
0.79	OPFI	OppFi Inc	Pair Corr
0.7	PFLT	PennantPark Floating Rate	Pair Corr
0.89	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.72	ALLY	Ally Financial	Pair Corr
0.72	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.67	TPVG	Triplepoint Venture	Pair Corr
0.73	TSLX	Sixth Street Specialty	Pair Corr
0.63	CSWC	Capital Southwest	Pair Corr
0.75	C	Citigroup Aggressive Push	Pair Corr
0.78	L	Loews Corp Earnings Call This Week	Pair Corr
0.79	DHIL	Diamond Hill Investment	Pair Corr
0.89	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.82	AC	Associated Capital	Pair Corr
0.78	AX	Axos Financial Earnings Call This Week	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.68	BX	Blackstone Group	Pair Corr
0.77	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.74	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.8	HG	Hamilton Insurance Group,	Pair Corr
0.66	IX	Orix Corp Ads	Pair Corr

Moving against SLM Stock

0.5	HRZN	Horizon Technology Earnings Call This Week	Pair Corr
0.34	CGBD	Carlyle Secured Lending	Pair Corr
0.68	FG	FG Annuities Life	Pair Corr
0.57	EG	Everest Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NAVI	FCFS	NNI	IX	AGM	STT	UNM	ZION	MTG
NAVI		0.65	0.93	0.88	0.74	0.97	0.65	0.92	0.66	NAVI
FCFS	0.65		0.45	0.56	0.43	0.63	0.41	0.56	0.55	FCFS
NNI	0.93	0.45		0.82	0.79	0.93	0.66	0.88	0.65	NNI
IX	0.88	0.56	0.82		0.64	0.91	0.48	0.89	0.55	IX
AGM	0.74	0.43	0.79	0.64		0.71	0.48	0.57	0.79	AGM
STT	0.97	0.63	0.93	0.91	0.71		0.64	0.95	0.67	STT
UNM	0.65	0.41	0.66	0.48	0.48	0.64		0.52	0.61	UNM
ZION	0.92	0.56	0.88	0.89	0.57	0.95	0.52		0.46	ZION
MTG	0.66	0.55	0.65	0.55	0.79	0.67	0.61	0.46		MTG
	NAVI	FCFS	NNI	IX	AGM	STT	UNM	ZION	MTG

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Risk-Adjusted Indicators

There is a big difference between SLM Stock performing well and SLM Corp 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 SLM Corp'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
NAVI	1.61	0.23	0.12	0.35	1.63	(1.70)	3.80	(2.70)	8.05
FCFS	0.97	0.15	0.01	(1.84)	0.85	(1.09)	2.32	(1.46)	11.39
NNI	1.04	0.07	0.04	0.22	1.19	(1.06)	2.30	(2.31)	9.36
IX	0.85	0.26	0.09	(1.46)	0.81	(0.96)	1.99	(1.64)	6.41
AGM	1.45	0.05	(0.04)	(10.41)	2.15	(1.55)	2.72	(2.71)	14.41
STT	1.10	0.30	0.16	0.43	1.32	(1.24)	2.80	(1.87)	11.27
UNM	1.14	(0.08)	(0.05)	0.05	1.42	(1.08)	2.14	(2.09)	7.21
ZION	1.36	0.24	0.17	0.33	1.24	(1.55)	3.02	(2.39)	10.51
MTG	1.19	(0.06)	(0.03)	0.08	1.55	(1.18)	2.42	(2.46)	7.29

SLM Corp Corporate Management

Daniel Kennedy	Ex COO	Profile
Brian Cronin	VP Relations	Profile
William Wolf	Executive Officer	Profile
Kate deLacy	Senior Relations	Profile
Tim Morrison	Sr Relations	Profile
Munish Pahwa	Executive Officer	Profile

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