Cherry Hill Correlations

CHMI Stock

USD 3.57 0.03 0.83%

The current 90-days correlation between Cherry Hill Mortgage and Ares Commercial Real is 0.28 (i.e., Modest diversification). The correlation of Cherry Hill 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.

Cherry Hill Correlation With Market

Weak diversification

The correlation between Cherry Hill Mortgage and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cherry Hill Mortgage 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 Cherry Hill Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Cherry Stock

0.85	V	Visa Class A	Pair Corr
0.81	DB	Deutsche Bank AG	Pair Corr
0.69	LU	Lufax Holding	Pair Corr
0.9	LX	Lexinfintech Holdings	Pair Corr
0.65	MA	Mastercard Sell-off Trend	Pair Corr
0.62	PT	Pintec Technology	Pair Corr
0.87	XP	Xp Inc	Pair Corr
0.69	DMYY	dMY Squared Technology	Pair Corr
0.78	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.79	GCMGW	GCM Grosvenor	Pair Corr
0.72	FDUS	Fidus Investment Corp	Pair Corr

Moving against Cherry Stock

0.83	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.7	DHIL	Diamond Hill Investment	Pair Corr
0.61	BX	Blackstone Group Normal Trading	Pair Corr
0.37	CG	Carlyle Group Normal Trading	Pair Corr
0.36	MC	Moelis	Pair Corr
0.32	PX	P10 Inc	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr
0.82	WULF	Terawulf	Pair Corr
0.79	WT	WisdomTree	Pair Corr
0.75	WD	Walker Dunlop	Pair Corr
0.67	LGHLW	Lion Financial Group	Pair Corr
0.63	BLK	BlackRock	Pair Corr
0.62	ABR	Arbor Realty Trust	Pair Corr
0.37	ECPG	Encore Capital Group	Pair Corr
0.34	AMP	Ameriprise Financial Sell-off Trend	Pair Corr

Related Correlations Analysis

	EFC	BRMK	DX	ACRE	CIM	ARR	ORC	IVR	NYMT	TWO
EFC		0.0	0.95	-0.83	-0.23	0.73	0.84	0.84	0.88	0.95	EFC
BRMK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BRMK
DX	0.95	0.0		-0.84	-0.24	0.79	0.9	0.9	0.87	0.98	DX
ACRE	-0.83	0.0	-0.84		0.6	-0.47	-0.73	-0.65	-0.72	-0.82	ACRE
CIM	-0.23	0.0	-0.24	0.6		0.02	-0.09	0.02	-0.3	-0.16	CIM
ARR	0.73	0.0	0.79	-0.47	0.02		0.84	0.89	0.71	0.81	ARR
ORC	0.84	0.0	0.9	-0.73	-0.09	0.84		0.96	0.71	0.95	ORC
IVR	0.84	0.0	0.9	-0.65	0.02	0.89	0.96		0.74	0.94	IVR
NYMT	0.88	0.0	0.87	-0.72	-0.3	0.71	0.71	0.74		0.83	NYMT
TWO	0.95	0.0	0.98	-0.82	-0.16	0.81	0.95	0.94	0.83		TWO
	EFC	BRMK	DX	ACRE	CIM	ARR	ORC	IVR	NYMT	TWO

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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

TWO	+ 0.98	DX
IVR	+ 0.96	ORC
DX	+ 0.95	EFC
TWO	+ 0.95	EFC
TWO	+ 0.95	ORC
TWO	+ 0.94	IVR

High negative correlations

ACRE	- 0.84	DX
ACRE	- 0.83	EFC
TWO	- 0.82	ACRE
ORC	- 0.73	ACRE
NYMT	- 0.72	ACRE
IVR	- 0.65	ACRE

Risk-Adjusted Indicators

There is a big difference between Cherry Stock performing well and Cherry Hill 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 Cherry Hill'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
EFC	0.89	0.21	0.16	0.17	1.05	(0.93)	1.46	(1.88)	12.37
BRMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DX	0.80	0.23	0.29	0.43	0.72	(0.96)	1.64	(1.32)	5.09
ACRE	1.94	(0.42)	0.00	(0.46)	0.00	0.00	3.19	(4.93)	16.58
CIM	1.19	(0.06)	0.00	(0.14)	0.00	0.00	2.63	(3.19)	10.76
ARR	0.82	0.04	0.06	0.01	1.12	(0.81)	1.59	(2.13)	4.93
ORC	0.97	0.12	0.14	0.25	1.07	(1.02)	1.93	(1.73)	8.39
IVR	1.16	0.15	0.12	0.19	1.40	(1.25)	2.32	(2.16)	8.74
NYMT	1.60	0.18	0.10	0.16	1.85	(1.74)	3.87	(2.71)	10.06
TWO	1.12	0.33	0.27	0.37	1.05	(1.27)	2.32	(1.60)	10.25

Cherry Hill Corporate Management

Julian Evans	Chief Investment Officer	Profile
Julian CFA	Chief Officer	Profile
Raymond Slater	Senior Manager	Profile
Regina Lowrie	Independent Director	Profile

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