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

  0.71FA First Advantage CorpPairCorr
  0.61BCO Brinks CompanyPairCorr
  0.61CBZ CBIZ IncPairCorr

Moving against Affirm Stock

  0.61ESGL ESGL Holdings LimitedPairCorr
  0.35EBF Ennis IncPairCorr

Related Correlations Analysis

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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.

Affirm Holdings Corporate Management

Ronald ClarkVP RelationsProfile
Robert OHareSenior FinanceProfile
Geoff KottChief OfficerProfile
Pat SuhSenior RevenueProfile
Michael LinfordChief OfficerProfile
CFA CFAHead RelationsProfile
Eduardo VilarVP SolutionsProfile