Bread Financial Correlations

BFH Stock

USD 50.00 0.22 0.44%

The current 90-days correlation between Bread Financial Holdings and SLM Corp is 0.07 (i.e., Significant diversification). The correlation of Bread Financial 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.

Bread Financial Correlation With Market

Good diversification

The correlation between Bread Financial Holdings and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bread Financial 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 Bread Financial 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 census.

Moving together with Bread Stock

0.92	ECPG	Encore Capital Group	Pair Corr
0.89	AXP	American Express	Pair Corr
0.62	DFS	Discover Financial	Pair Corr
0.95	SYF	Synchrony Financial	Pair Corr
0.85	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.9	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.74	CODI	Compass Diversified	Pair Corr
0.74	UPST	Upstart Holdings	Pair Corr
0.9	AX	Axos Financial	Pair Corr
0.85	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group	Pair Corr
0.84	BY	Byline Bancorp	Pair Corr
0.89	CG	Carlyle Group Normal Trading	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr

Moving against Bread Stock

0.8	RENEW	Cartesian Growth	Pair Corr
0.32	L	Loews Corp	Pair Corr
0.83	DB	Deutsche Bank AG	Pair Corr
0.8	CB	Chubb	Pair Corr
0.76	LU	Lufax Holding	Pair Corr
0.71	LX	Lexinfintech Holdings	Pair Corr
0.67	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.65	TW	Tradeweb Markets	Pair Corr
0.58	GL	Globe Life	Pair Corr
0.49	TD	Toronto Dominion Bank	Pair Corr

Related Correlations Analysis

	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	SLMBP
SLM		-0.3	0.76	-0.7	0.87	0.8	0.28	0.3	0.73	SLM
IX	-0.3		-0.25	0.53	-0.41	-0.22	-0.03	-0.05	0.06	IX
FCFS	0.76	-0.25		-0.64	0.67	0.79	0.21	0.19	0.79	FCFS
MFIN	-0.7	0.53	-0.64		-0.84	-0.76	0.02	-0.07	-0.63	MFIN
OPRT	0.87	-0.41	0.67	-0.84		0.86	0.11	0.0	0.75	OPRT
EZPW	0.8	-0.22	0.79	-0.76	0.86		0.06	-0.07	0.83	EZPW
NAVI	0.28	-0.03	0.21	0.02	0.11	0.06		0.36	0.13	NAVI
ENVA	0.3	-0.05	0.19	-0.07	0.0	-0.07	0.36		-0.03	ENVA
SLMBP	0.73	0.06	0.79	-0.63	0.75	0.83	0.13	-0.03		SLMBP
	SLM	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	SLMBP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OPRT	+ 0.87	SLM
EZPW	+ 0.86	OPRT
SLMBP	+ 0.83	EZPW
EZPW	+ 0.8	SLM
EZPW	+ 0.79	FCFS
SLMBP	+ 0.79	FCFS

High negative correlations

OPRT	- 0.84	MFIN
EZPW	- 0.76	MFIN
MFIN	- 0.7	SLM
MFIN	- 0.64	FCFS
SLMBP	- 0.63	MFIN
OPRT	- 0.41	IX

Risk-Adjusted Indicators

There is a big difference between Bread Stock performing well and Bread Financial 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 Bread Financial'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
SLM	1.39	0.19	0.11	0.14	1.45	(1.54)	3.36	(2.88)	8.92
IX	0.95	(0.02)	0.00	0.09	0.00	0.00	1.82	(2.17)	7.70
FCFS	0.95	0.19	0.15	0.31	1.16	(1.01)	2.41	(2.20)	6.71
MFIN	1.64	(0.15)	0.00	(0.20)	0.00	0.00	2.74	(3.87)	11.14
OPRT	3.95	0.91	0.18	0.42	3.95	(4.27)	12.20	(7.22)	29.43
EZPW	1.31	0.25	0.20	1.42	1.12	(1.59)	3.45	(2.22)	10.95
NAVI	1.53	(0.08)	0.00	(0.12)	0.00	0.00	2.47	(3.48)	9.49
ENVA	1.73	0.09	0.03	0.01	2.20	(1.76)	3.54	(3.25)	8.86
SLMBP	0.32	0.06	0.26	0.44	0.17	(0.39)	0.95	(0.55)	1.90

Bread Financial Corporate Management

Rajesh Natarajan	Independent Director	Profile
Sharen Turney	Independent Director	Profile
Wes Hunt	Senior Excellence	Profile
Greg Betchkal	Chief Officer	Profile
Mike Boghosian	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC