Chimera Investment Correlations

CIM Stock

USD 13.54 0.09 0.66%

The current 90-days correlation between Chimera Investment and Two Harbors Investments is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chimera Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chimera Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Chimera Investment Correlation With Market

Very weak diversification

The correlation between Chimera Investment and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chimera Investment 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 Chimera Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Chimera Stock, please use our How to Invest in Chimera Investment guide.

Moving together with Chimera Stock

0.74	DIST	Distoken Acquisition	Pair Corr
0.65	BN	Brookfield Corp	Pair Corr
0.61	BX	Blackstone Group Normal Trading	Pair Corr
0.61	CG	Carlyle Group Normal Trading	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.7	MC	Moelis	Pair Corr
0.7	MS	Morgan Stanley	Pair Corr
0.74	PX	P10 Inc	Pair Corr
0.71	RM	Regional Management Corp Normal Trading	Pair Corr
0.72	SF	Stifel Financial	Pair Corr
0.69	VIRT	Virtu Financial Normal Trading	Pair Corr

Moving against Chimera Stock

0.66	TW	Tradeweb Markets Normal Trading	Pair Corr
0.5	LU	Lufax Holding	Pair Corr
0.36	DB	Deutsche Bank AG	Pair Corr
0.37	DMYY	dMY Squared Technology	Pair Corr
0.32	ARI	Apollo Commercial Real	Pair Corr

Related Correlations Analysis

	TWO	MFA	IVR	ORC	ARR	NYMT	AGNC	ABR	NLY
TWO		0.81	0.94	0.95	0.81	0.83	0.98	-0.69	0.99	TWO
MFA	0.81		0.8	0.7	0.81	0.76	0.8	-0.34	0.82	MFA
IVR	0.94	0.8		0.96	0.89	0.74	0.96	-0.5	0.95	IVR
ORC	0.95	0.7	0.96		0.84	0.71	0.96	-0.57	0.94	ORC
ARR	0.81	0.81	0.89	0.84		0.71	0.83	-0.31	0.82	ARR
NYMT	0.83	0.76	0.74	0.71	0.71		0.76	-0.75	0.81	NYMT
AGNC	0.98	0.8	0.96	0.96	0.83	0.76		-0.61	0.99	AGNC
ABR	-0.69	-0.34	-0.5	-0.57	-0.31	-0.75	-0.61		-0.65	ABR
NLY	0.99	0.82	0.95	0.94	0.82	0.81	0.99	-0.65		NLY
	TWO	MFA	IVR	ORC	ARR	NYMT	AGNC	ABR	NLY

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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

NLY	+ 0.99	TWO
NLY	+ 0.99	AGNC
AGNC	+ 0.98	TWO
ORC	+ 0.96	IVR
AGNC	+ 0.96	IVR
AGNC	+ 0.96	ORC

High negative correlations

ABR	- 0.75	NYMT
ABR	- 0.69	TWO
NLY	- 0.65	ABR
ABR	- 0.61	AGNC
ABR	- 0.57	ORC
ABR	- 0.5	IVR

Risk-Adjusted Indicators

There is a big difference between Chimera Stock performing well and Chimera Investment 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 Chimera Investment'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
TWO	1.12	0.33	0.27	0.37	1.05	(1.27)	2.32	(1.60)	10.25
MFA	1.14	0.11	0.07	0.08	1.67	(1.07)	2.45	(1.99)	7.26
IVR	1.16	0.15	0.12	0.19	1.40	(1.25)	2.32	(2.16)	8.74
ORC	0.97	0.12	0.14	0.25	1.07	(1.02)	1.93	(1.73)	8.39
ARR	0.82	0.04	0.06	0.01	1.12	(0.81)	1.59	(2.13)	4.93
NYMT	1.60	0.18	0.10	0.16	1.85	(1.74)	3.87	(2.71)	10.06
AGNC	0.85	0.18	0.20	0.22	0.85	(0.97)	1.90	(1.46)	4.66
ABR	1.38	(0.11)	0.00	(0.17)	0.00	0.00	2.49	(2.94)	15.82
NLY	1.03	0.24	0.22	0.24	1.04	(1.23)	2.42	(1.75)	6.82

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