Synchrony Financial Correlations

SYF Stock

USD 46.76 0.75 1.58%

The correlation of Synchrony Financial 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.

Synchrony Financial Correlation With Market

Very poor diversification

The correlation between Synchrony Financial and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synchrony Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Synchrony Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchrony 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 manufacturing.

For more detail on how to invest in Synchrony Stock please use our How to Invest in Synchrony Financial guide.

Moving together with Synchrony Stock

0.93	RM	Regional Management Corp	Pair Corr
0.93	VRTS	Virtus Investment Earnings Call Next Week	Pair Corr
0.65	FDUS	Fidus Investment Corp	Pair Corr
0.98	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.9	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.9	DFS	Discover Financial	Pair Corr
0.92	FOA	Finance of America	Pair Corr
0.93	OMF	OneMain Holdings	Pair Corr
0.76	NAVI	Navient Corp Earnings Call This Week	Pair Corr
0.94	PYPL	PayPal Holdings	Pair Corr
0.8	RWAY	Runway Growth Finance	Pair Corr
0.84	ALLY	Ally Financial	Pair Corr
0.91	SEIC	SEI Investments Earnings Call This Week	Pair Corr
0.96	SOFI	SoFi Technologies	Pair Corr
0.61	BBDC	Barings BDC	Pair Corr
0.9	CODI	Compass Diversified	Pair Corr
0.82	UPST	Upstart Holdings	Pair Corr
0.91	C	Citigroup	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.96	AX	Axos Financial	Pair Corr
0.93	BN	Brookfield Corp	Pair Corr
0.98	BX	Blackstone Group	Pair Corr
0.84	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.98	CG	Carlyle Group	Pair Corr

Moving against Synchrony Stock

0.74	FCFS	FirstCash Earnings Call Next Week	Pair Corr
0.48	TW	Tradeweb Markets Earnings Call This Week	Pair Corr
0.7	CB	Chubb Earnings Call This Week	Pair Corr
0.66	DB	Deutsche Bank AG	Pair Corr
0.38	LU	Lufax Holding Earnings Call This Week	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	AMTPQ	MLGO	SSVRF	VCV	MRK	AHFCF	CCSI	OSPN	EVTC	PYN
AMTPQ		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMTPQ
MLGO	0.0		-0.28	-0.48	-0.55	-0.36	-0.71	-0.76	0.3	-0.5	MLGO
SSVRF	0.0	-0.28		0.25	-0.04	-0.38	0.35	0.18	0.37	0.34	SSVRF
VCV	0.0	-0.48	0.25		0.31	-0.04	0.68	0.51	0.07	0.89	VCV
MRK	0.0	-0.55	-0.04	0.31		0.61	0.36	0.4	-0.01	0.36	MRK
AHFCF	0.0	-0.36	-0.38	-0.04	0.61		0.2	0.5	-0.52	-0.13	AHFCF
CCSI	0.0	-0.71	0.35	0.68	0.36	0.2		0.86	-0.25	0.63	CCSI
OSPN	0.0	-0.76	0.18	0.51	0.4	0.5	0.86		-0.49	0.37	OSPN
EVTC	0.0	0.3	0.37	0.07	-0.01	-0.52	-0.25	-0.49		0.24	EVTC
PYN	0.0	-0.5	0.34	0.89	0.36	-0.13	0.63	0.37	0.24		PYN
	AMTPQ	MLGO	SSVRF	VCV	MRK	AHFCF	CCSI	OSPN	EVTC	PYN

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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

PYN	+ 0.89	VCV
OSPN	+ 0.86	CCSI
CCSI	+ 0.68	VCV
PYN	+ 0.63	CCSI
AHFCF	+ 0.61	MRK
OSPN	+ 0.51	VCV

High negative correlations

OSPN	- 0.76	MLGO
CCSI	- 0.71	MLGO
MRK	- 0.55	MLGO
EVTC	- 0.52	AHFCF
PYN	- 0.5	MLGO
EVTC	- 0.49	OSPN

Risk-Adjusted Indicators

There is a big difference between Synchrony Stock performing well and Synchrony Financial 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 Synchrony Financial'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
AMTPQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLGO	28.78	11.79	1.27	(22.17)	7.63	(49.56)	34.40	(14.72)	481.35
SSVRF	4.09	0.35	0.05	0.20	4.44	(6.15)	9.09	(9.09)	25.64
VCV	0.73	(0.19)	0.00	0.87	0.00	0.00	1.12	(2.56)	7.28
MRK	1.47	(0.31)	0.00	(0.78)	0.00	0.00	2.43	(4.81)	11.58
AHFCF	0.40	(0.21)	0.00	(3.65)	0.00	0.00	0.00	0.00	13.33
CCSI	2.43	(0.20)	0.00	(0.21)	0.00	0.00	4.23	(6.20)	20.81
OSPN	2.13	(0.24)	0.00	(0.26)	0.00	0.00	3.27	(5.00)	13.36
EVTC	1.46	0.16	0.09	0.12	1.76	(1.63)	2.03	(3.19)	21.66
PYN	0.57	(0.08)	0.00	(1.60)	0.00	0.00	1.06	(1.06)	4.99

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