Atlanticus Holdings Correlations

ATLC Stock

USD 50.51 0.77 1.50%

The current 90-days correlation between Atlanticus Holdings and Lexinfintech Holdings is 0.41 (i.e., Very weak diversification). The correlation of Atlanticus Holdings 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.

Atlanticus Holdings Correlation With Market

Very weak diversification

The correlation between Atlanticus Holdings and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlanticus 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 Atlanticus 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 bureau of economic analysis.

For information on how to trade Atlanticus Stock refer to our How to Trade Atlanticus Stock guide.

Moving together with Atlanticus Stock

0.92	ECPG	Encore Capital Group	Pair Corr
0.88	AXP	American Express	Pair Corr
0.69	COF	Capital One Financial	Pair Corr
0.69	DFS	Discover Financial	Pair Corr
0.89	SYF	Synchrony Financial	Pair Corr
0.72	PYPL	PayPal Holdings	Pair Corr
0.73	ALLY	Ally Financial	Pair Corr
0.89	SOFI	SoFi Technologies	Pair Corr
0.62	CODI	Compass Diversified	Pair Corr
0.79	UPST	Upstart Holdings	Pair Corr
0.61	C	Citigroup	Pair Corr
0.81	AX	Axos Financial	Pair Corr
0.91	BN	Brookfield Corp	Pair Corr
0.84	BX	Blackstone Group	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr
0.62	FG	FG Annuities Life	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.7	LC	LendingClub Corp	Pair Corr

Moving against Atlanticus Stock

0.74	RENEW	Cartesian Growth	Pair Corr
0.75	CB	Chubb	Pair Corr
0.72	HG	Hamilton Insurance Group,	Pair Corr
0.68	DB	Deutsche Bank AG	Pair Corr
0.61	LU	Lufax Holding	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr
0.51	LX	Lexinfintech Holdings	Pair Corr
0.38	GL	Globe Life	Pair Corr

Related Correlations Analysis

	QFIN	LX	QD	ENVA	SLMBP	FCFS	AGM-A	NAVI
QFIN		0.85	0.52	0.15	0.68	0.74	-0.29	0.08	QFIN
LX	0.85		0.24	-0.08	0.69	0.84	-0.39	0.04	LX
QD	0.52	0.24		0.56	0.06	0.36	-0.24	0.17	QD
ENVA	0.15	-0.08	0.56		-0.12	0.2	-0.28	0.34	ENVA
SLMBP	0.68	0.69	0.06	-0.12		0.51	-0.02	0.38	SLMBP
FCFS	0.74	0.84	0.36	0.2	0.51		-0.62	0.18	FCFS
AGM-A	-0.29	-0.39	-0.24	-0.28	-0.02	-0.62		-0.05	AGM-A
NAVI	0.08	0.04	0.17	0.34	0.38	0.18	-0.05		NAVI
	QFIN	LX	QD	ENVA	SLMBP	FCFS	AGM-A	NAVI

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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

LX	+ 0.85	QFIN
FCFS	+ 0.84	LX
FCFS	+ 0.74	QFIN
SLMBP	+ 0.69	LX
SLMBP	+ 0.68	QFIN
ENVA	+ 0.56	QD

High negative correlations

AGM-A	- 0.62	FCFS
AGM-A	- 0.39	LX
AGM-A	- 0.29	QFIN
AGM-A	- 0.28	ENVA
AGM-A	- 0.24	QD
SLMBP	- 0.12	ENVA

Risk-Adjusted Indicators

There is a big difference between Atlanticus Stock performing well and Atlanticus 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 Atlanticus 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
QFIN	2.57	0.33	0.11	0.29	2.86	(2.84)	6.06	(5.18)	14.61
LX	3.88	1.12	0.27	0.89	3.64	(4.86)	13.01	(5.61)	31.45
QD	2.60	0.15	0.05	0.06	2.80	(3.38)	5.54	(5.05)	20.79
ENVA	1.67	0.08	0.00	(0.02)	0.00	0.00	3.54	(3.25)	8.86
SLMBP	0.29	0.04	0.32	2.57	0.18	(0.35)	0.64	(0.50)	1.90
FCFS	0.95	0.19	0.16	0.26	1.16	(1.02)	2.41	(2.20)	6.71
AGM-A	1.49	(0.09)	0.00	(0.24)	0.00	0.00	3.13	(4.60)	16.56
NAVI	1.52	(0.07)	0.00	(0.13)	0.00	0.00	2.47	(3.48)	9.49

Atlanticus Holdings Corporate Management

Matt Zalubowski	Senior Marketing	Profile
Linda Brooks	Chief Officer	Profile
Mitchell Saunders	Chief Officer	Profile
Brian Stone	Chief Officer	Profile

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