Credit Acceptance Correlations

Credit Acceptance Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.

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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    FCFS + 0.68 WRLD CRVL + 0.68 ECPG CRVL + 0.45 WRLD CRVL + 0.45 DORM ECPG + 0.28 WRLD ECPG + 0.2 DORM

High negative correlations    DORM - 0.37 FCFS ECPG - 0.3 FCFS DORM - 0.13 WRLD CRVL - 0.09 FCFS

Risk-Adjusted Indicators

There is a big difference between Credit Stock performing well and Credit Acceptance 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 Credit Acceptance'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.