ARMOUR Residential Correlations
| ARR-PC Preferred Stock | USD 21.90 0.02 0.09% |
The current 90-days correlation between ARMOUR Residential REIT and Cherry Hill Mortgage is 0.24 (i.e., Modest diversification). The correlation of ARMOUR Residential 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.
ARMOUR Residential Correlation With Market
Average diversification
The correlation between ARMOUR Residential REIT and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ARMOUR Residential REIT and DJI in the same portfolio, assuming nothing else is changed.
ARMOUR |
The ability to find closely correlated positions to ARMOUR Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARMOUR Residential when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ARMOUR Residential - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ARMOUR Residential REIT to buy it.
Moving together with ARMOUR Preferred Stock
| 0.65 | DX | Dynex Capital | PairCorr |
| 0.67 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.72 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.75 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.71 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.71 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.64 | FBRT | Franklin BSP Realty | PairCorr |
| 0.72 | ACR | Acres Commercial Realty | PairCorr |
| 0.66 | ARI | Apollo Commercial Real | PairCorr |
| 0.67 | EFC | Ellington Financial | PairCorr |
| 0.61 | IVR | Invesco Mortgage Capital | PairCorr |
| 0.62 | LFT | Lument Finance Trust | PairCorr |
| 0.68 | NLY | Annaly Capital Management | PairCorr |
| 0.64 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
| 0.76 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.63 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.67 | TWO-PA | Two Harbors Investment | PairCorr |
Moving against ARMOUR Preferred Stock
| 0.6 | NYMTL | New York Mortgage | PairCorr |
| 0.49 | RC | Ready Capital Corp | PairCorr |
| 0.44 | ABR | Arbor Realty Trust | PairCorr |
| 0.37 | EARN | Ellington Residential | PairCorr |
| 0.52 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.33 | RWT | Redwood Trust | PairCorr |
Related Correlations Analysis
| -0.42 | -0.27 | -0.21 | 0.29 | CHMI-PA | ||
| -0.42 | 0.55 | 0.7 | -0.6 | AGNCO | ||
| -0.27 | 0.55 | 0.76 | -0.28 | CIM-PD | ||
| -0.21 | 0.7 | 0.76 | -0.42 | TWO-PC | ||
| 0.29 | -0.6 | -0.28 | -0.42 | CIM-PA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ARMOUR Preferred Stock performing well and ARMOUR Residential 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 ARMOUR Residential'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHMI-PA | 0.72 | (0.05) | 0.00 | 2.22 | 0.00 | 1.32 | 4.54 | |||
| AGNCO | 0.22 | 0.05 | 0.17 | (22.21) | 0.00 | 0.47 | 2.46 | |||
| CIM-PD | 0.25 | 0.00 | (0.01) | (0.04) | 0.30 | 0.66 | 2.03 | |||
| TWO-PC | 0.21 | 0.03 | 0.08 | 0.23 | 0.15 | 0.56 | 1.55 | |||
| CIM-PA | 0.53 | (0.04) | 0.00 | (0.92) | 0.00 | 1.04 | 4.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ARMOUR Residential without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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ARMOUR Residential Corporate Management
| James CPA | CFO Sec | Profile | |
| Gordon Harper | Treasurer Fin | Profile | |
| Scott Ulm | CoVice CoCEO | Profile | |
| Mark CFA | Chief Officer | Profile | |
| David Sayles | Managing Analysis | Profile | |
| Jeffrey Zimmer | CoVice CoCEO | Profile |