Beneficient Correlations

BENF Stock

0.41 0.02 4.65%

The current 90-days correlation between Beneficient Class and Summit Bank Group is 0.19 (i.e., Average diversification). The correlation of Beneficient 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.

Beneficient Correlation With Market

Significant diversification

The correlation between Beneficient Class A and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beneficient Class A 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 Beneficient Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Beneficient Stock

0.87	DHIL	Diamond Hill Investment Earnings Call Today	Pair Corr
0.64	AMG	Affiliated Managers	Pair Corr
0.8	FHI	Federated Investors	Pair Corr
0.75	AMTD	AMTD IDEA Group	Pair Corr
0.84	AX	Axos Financial	Pair Corr
0.75	BX	Blackstone Group	Pair Corr

Moving against Beneficient Stock

0.9	TSLX	Sixth Street Specialty	Pair Corr
0.84	FDUS	Fidus Investment Corp	Pair Corr
0.78	V	Visa Class A	Pair Corr
0.77	GBDC	Golub Capital BDC	Pair Corr
0.7	CGBD	Carlyle Secured Lending	Pair Corr
0.66	MA	Mastercard	Pair Corr
0.65	DFS	Discover Financial	Pair Corr
0.58	COF	Capital One Financial	Pair Corr
0.54	TCPC	BlackRock TCP Capital Earnings Call Today	Pair Corr
0.48	NMFC	New Mountain Finance	Pair Corr
0.43	ARES	Ares Management LP	Pair Corr
0.42	STT	State Street Corp	Pair Corr
0.41	AXP	American Express	Pair Corr
0.33	NTRS	Northern Trust	Pair Corr
0.9	LX	Lexinfintech Holdings	Pair Corr
0.85	DB	Deutsche Bank AG	Pair Corr
0.77	GL	Globe Life	Pair Corr
0.76	C	Citigroup	Pair Corr
0.64	BK	Bank of New York	Pair Corr
0.56	GS	Goldman Sachs Group	Pair Corr
0.54	LU	Lufax Holding	Pair Corr
0.47	AB	AllianceBernstein Normal Trading	Pair Corr
0.42	QD	Qudian Inc	Pair Corr

Related Correlations Analysis

	EXSR	SBKO	IPAR	EL	CHBAY	EML	PT	WU
EXSR		0.18	0.23	-0.14	0.0	0.38	0.25	0.2	EXSR
SBKO	0.18		-0.21	-0.04	0.0	0.08	-0.13	0.21	SBKO
IPAR	0.23	-0.21		0.53	0.0	0.26	0.09	-0.05	IPAR
EL	-0.14	-0.04	0.53		0.0	0.28	-0.25	-0.29	EL
CHBAY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CHBAY
EML	0.38	0.08	0.26	0.28	0.0		0.06	0.43	EML
PT	0.25	-0.13	0.09	-0.25	0.0	0.06		-0.04	PT
WU	0.2	0.21	-0.05	-0.29	0.0	0.43	-0.04		WU
	EXSR	SBKO	IPAR	EL	CHBAY	EML	PT	WU

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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

EL	+ 0.53	IPAR
WU	+ 0.43	EML
EML	+ 0.38	EXSR
EML	+ 0.28	EL
EML	+ 0.26	IPAR
PT	+ 0.25	EXSR

High negative correlations

WU	- 0.29	EL
PT	- 0.25	EL
IPAR	- 0.21	SBKO
EL	- 0.14	EXSR
PT	- 0.13	SBKO
WU	- 0.05	IPAR

Risk-Adjusted Indicators

There is a big difference between Beneficient Stock performing well and Beneficient 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 Beneficient'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
EXSR	1.50	(0.04)	0.00	1.51	0.00	0.00	3.87	(3.49)	20.40
SBKO	1.12	0.20	0.05	(0.55)	1.96	(2.65)	2.55	(1.29)	36.21
IPAR	1.35	0.17	0.10	0.16	1.58	(1.46)	2.91	(2.14)	8.84
EL	1.95	0.27	0.08	0.62	3.31	(2.17)	4.76	(2.55)	21.42
CHBAY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EML	1.71	0.02	0.01	0.04	2.01	(1.85)	4.13	(3.60)	9.41
PT	2.26	0.10	0.04	0.68	2.26	(3.50)	5.56	(4.00)	20.95
WU	1.09	0.04	0.03	0.08	1.42	(1.21)	2.54	(1.82)	11.42

Beneficient Corporate Management

James Silk	Chief VP	Profile
Maria Rutledge	Chief Officer	Profile
Jeff Welday	Global Distribution	Profile
Gregory Ezell	Chief Officer	Profile
Louise Jones	Managing Operations	Profile

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