Angel Oak Correlations

AOMR Stock

USD 9.81 0.02 0.20%

The correlation of Angel Oak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Angel Oak Mortgage. 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 Angel Stock

0.88	RC	Ready Capital Corp	Pair Corr
0.68	RM	Regional Management Corp Normal Trading	Pair Corr
0.68	WU	Western Union	Pair Corr
0.67	BRACU	Broad Capital Acquisition	Pair Corr

Moving against Angel Stock

0.81	AB	AllianceBernstein	Pair Corr
0.78	CG	Carlyle Group	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.66	TW	Tradeweb Markets	Pair Corr
0.65	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.63	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.63	MA	Mastercard	Pair Corr
0.63	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.6	LC	LendingClub Corp	Pair Corr
0.59	LX	Lexinfintech Holdings Trending	Pair Corr
0.58	QD	Qudian Inc Trending	Pair Corr
0.57	BN	Brookfield Corp	Pair Corr
0.57	VCTR	Victory Capital Holdings	Pair Corr
0.49	GCMGW	GCM Grosvenor	Pair Corr
0.45	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.43	WT	WisdomTree	Pair Corr
0.42	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.4	DIST	Distoken Acquisition	Pair Corr
0.38	PX	P10 Inc	Pair Corr
0.37	V	Visa Class A	Pair Corr
0.35	MC	Moelis	Pair Corr
0.34	WD	Walker Dunlop	Pair Corr
0.81	WAVS	Western Acquisition	Pair Corr
0.77	EVGR	Evergreen Corp	Pair Corr
0.7	ANSCW	Agriculture Natural	Pair Corr
0.69	DYCQ	DT Cloud Acquisition	Pair Corr
0.69	ESHA	ESH Acquisition Corp	Pair Corr
0.6	DISTR	Distoken Acquisition	Pair Corr
0.49	VRTS	Virtus Investment	Pair Corr
0.45	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	GPMT	MFA	TWO	PMT	RWT	MITT	IVR	ARI	NYMT	KREF
GPMT		-0.63	-0.69	-0.28	-0.37	-0.55	-0.14	-0.38	-0.11	-0.19	GPMT
MFA	-0.63		0.74	0.78	0.89	0.94	0.66	-0.07	0.08	0.64	MFA
TWO	-0.69	0.74		0.64	0.73	0.79	0.69	0.36	0.36	0.55	TWO
PMT	-0.28	0.78	0.64		0.82	0.78	0.78	-0.23	0.01	0.52	PMT
RWT	-0.37	0.89	0.73	0.82		0.91	0.81	-0.13	0.22	0.73	RWT
MITT	-0.55	0.94	0.79	0.78	0.91		0.77	-0.03	0.15	0.7	MITT
IVR	-0.14	0.66	0.69	0.78	0.81	0.77		-0.12	0.28	0.68	IVR
ARI	-0.38	-0.07	0.36	-0.23	-0.13	-0.03	-0.12		0.69	0.15	ARI
NYMT	-0.11	0.08	0.36	0.01	0.22	0.15	0.28	0.69		0.51	NYMT
KREF	-0.19	0.64	0.55	0.52	0.73	0.7	0.68	0.15	0.51		KREF
	GPMT	MFA	TWO	PMT	RWT	MITT	IVR	ARI	NYMT	KREF

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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

MITT	+ 0.94	MFA
MITT	+ 0.91	RWT
RWT	+ 0.89	MFA
RWT	+ 0.82	PMT
IVR	+ 0.81	RWT
MITT	+ 0.79	TWO

High negative correlations

TWO	- 0.69	GPMT
MFA	- 0.63	GPMT
MITT	- 0.55	GPMT
ARI	- 0.38	GPMT
RWT	- 0.37	GPMT
PMT	- 0.28	GPMT

Risk-Adjusted Indicators

There is a big difference between Angel Stock performing well and Angel Oak 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 Angel Oak'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
GPMT	2.27	0.33	0.13	0.46	2.09	(2.84)	6.55	(3.73)	15.56
MFA	1.04	(0.14)	0.00	1.21	0.00	0.00	1.66	(2.53)	9.82
TWO	0.95	(0.29)	0.00	(0.38)	0.00	0.00	1.42	(2.21)	8.41
PMT	0.69	(0.10)	0.00	(0.08)	0.00	0.00	1.16	(1.78)	4.39
RWT	1.10	(0.12)	0.00	(0.11)	0.00	0.00	2.37	(2.16)	10.13
MITT	0.97	(0.14)	0.00	(0.36)	0.00	0.00	2.16	(1.68)	5.78
IVR	1.06	(0.06)	0.00	(0.05)	0.00	0.00	1.85	(2.89)	6.35
ARI	0.93	(0.23)	0.00	(0.42)	0.00	0.00	1.47	(2.25)	7.06
NYMT	1.49	(0.17)	0.00	(0.15)	0.00	0.00	2.94	(3.32)	7.18
KREF	1.03	(0.10)	0.00	(0.07)	0.00	0.00	1.66	(2.82)	8.63

Angel Oak Corporate Management

Dory Black	General Counsel, Secretary	Profile
Edward Cummings	Director	Profile
Namit Sinha	Chief Strategies	Profile
Michael Fierman	Chairman of the Board of Directors	Profile
JD Esq	G Sec	Profile
Patrick Journy	Chief Officer	Profile

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