Affirm Holdings Correlations

AFRM Stock

USD 43.70 4.26 8.88%

The current 90-days correlation between Affirm Holdings and SoFi Technologies is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Affirm Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affirm Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Affirm Holdings Correlation With Market

Weak diversification

The correlation between Affirm Holdings and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affirm Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Affirm Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Affirm Stock, please use our How to Invest in Affirm Holdings guide.

Moving together with Affirm Stock

0.71	FA	First Advantage Corp	Pair Corr
0.61	BCO	Brinks Company	Pair Corr
0.61	CBZ	CBIZ Inc	Pair Corr

Moving against Affirm Stock

0.61	ESGL	ESGL Holdings Limited	Pair Corr
0.35	EBF	Ennis Inc	Pair Corr

Related Correlations Analysis

	UPST	SOFI	RBLX	HOOD	SNOW
UPST		0.67	0.26	0.45	0.63	UPST
SOFI	0.67		0.54	0.34	0.51	SOFI
RBLX	0.26	0.54		0.74	0.78	RBLX
HOOD	0.45	0.34	0.74		0.85	HOOD
SNOW	0.63	0.51	0.78	0.85		SNOW
	UPST	SOFI	RBLX	HOOD	SNOW

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Risk-Adjusted Indicators

There is a big difference between Affirm Stock performing well and Affirm Holdings 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 Affirm Holdings' 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
UPST	4.11	(0.30)	0.00	(0.25)	0.00	0.00	6.45	(8.31)	43.54
SOFI	3.33	(0.06)	0.00	(0.12)	0.00	0.00	6.15	(8.25)	19.68
RBLX	1.94	0.12	0.04	0.03	3.09	(1.92)	3.85	(4.00)	17.52
HOOD	4.20	0.51	0.05	0.08	6.03	(4.10)	7.46	(7.96)	33.90
SNOW	2.16	(0.07)	0.00	(0.15)	0.00	0.00	3.60	(4.81)	19.02

Affirm Holdings Corporate Management

Ronald Clark	VP Relations	Profile
Robert OHare	Senior Finance	Profile
Geoff Kott	Chief Officer	Profile
Pat Suh	Senior Revenue	Profile
Michael Linford	Chief Officer	Profile
CFA CFA	Head Relations	Profile
Eduardo Vilar	VP Solutions	Profile

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