Consumer Portfolio Correlations

CPSS Stock

USD 10.95 0.13 1.17%

The current 90-days correlation between Consumer Portfolio and Atlanticus Holdings Corp is 0.01 (i.e., Significant diversification). The correlation of Consumer Portfolio 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Consumer Portfolio Correlation With Market

Modest diversification

The correlation between Consumer Portfolio Services and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Portfolio Services 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 Consumer Portfolio Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Consumer Stock

0.65	AXP	American Express	Pair Corr
0.68	C	Citigroup Aggressive Push	Pair Corr
0.74	AB	AllianceBernstein	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.75	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.64	GL	Globe Life	Pair Corr
0.65	RM	Regional Management Corp	Pair Corr

Moving against Consumer Stock

0.54	DHIL	Diamond Hill Investment	Pair Corr
0.52	AX	Axos Financial	Pair Corr
0.5	CB	Chubb	Pair Corr
0.48	BY	Byline Bancorp	Pair Corr
0.31	IX	Orix Corp Ads	Pair Corr
0.65	WT	WisdomTree	Pair Corr
0.58	VABK	Virginia National	Pair Corr
0.56	VBTX	Veritex Holdings	Pair Corr
0.54	VBNK	VersaBank	Pair Corr
0.52	WU	Western Union	Pair Corr
0.51	VALU	Value Line	Pair Corr
0.49	WD	Walker Dunlop	Pair Corr
0.48	TW	Tradeweb Markets	Pair Corr
0.39	WF	Woori Financial Group	Pair Corr
0.37	RF	Regions Financial Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ATLCP	MCVT	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A
ATLCP		-0.19	0.61	-0.48	0.63	0.43	0.56	0.48	0.4	0.05	ATLCP
MCVT	-0.19		0.12	0.1	0.27	-0.42	0.22	0.31	0.17	-0.49	MCVT
NNI	0.61	0.12		-0.4	0.75	0.0	0.76	0.74	0.68	-0.22	NNI
AIHS	-0.48	0.1	-0.4		-0.4	-0.06	-0.29	-0.44	-0.21	-0.03	AIHS
ENVA	0.63	0.27	0.75	-0.4		-0.02	0.91	0.84	0.57	-0.24	ENVA
IX	0.43	-0.42	0.0	-0.06	-0.02		-0.16	-0.29	-0.02	0.45	IX
WRLD	0.56	0.22	0.76	-0.29	0.91	-0.16		0.84	0.68	-0.17	WRLD
FCFS	0.48	0.31	0.74	-0.44	0.84	-0.29	0.84		0.58	-0.36	FCFS
SLMBP	0.4	0.17	0.68	-0.21	0.57	-0.02	0.68	0.58		0.03	SLMBP
AGM-A	0.05	-0.49	-0.22	-0.03	-0.24	0.45	-0.17	-0.36	0.03		AGM-A
	ATLCP	MCVT	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A

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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

WRLD	+ 0.91	ENVA
FCFS	+ 0.84	ENVA
FCFS	+ 0.84	WRLD
WRLD	+ 0.76	NNI
ENVA	+ 0.75	NNI
FCFS	+ 0.74	NNI

High negative correlations

AGM-A	- 0.49	MCVT
AIHS	- 0.48	ATLCP
FCFS	- 0.44	AIHS
IX	- 0.42	MCVT
ENVA	- 0.4	AIHS
AIHS	- 0.4	NNI

Risk-Adjusted Indicators

There is a big difference between Consumer Stock performing well and Consumer Portfolio 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 Consumer Portfolio'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
ATLCP	0.63	0.01	0.01	0.07	0.79	(0.65)	1.31	(1.29)	3.38
MCVT	4.62	0.37	0.06	0.30	5.19	(6.26)	13.57	(9.00)	53.86
NNI	0.74	0.10	0.09	7.56	0.91	(0.81)	1.54	(1.17)	4.91
AIHS	2.75	(0.02)	0.00	(0.19)	0.00	0.00	7.00	(6.45)	17.77
ENVA	1.36	0.15	0.09	0.12	1.56	(1.51)	3.14	(2.98)	7.40
IX	1.04	(0.14)	0.00	(0.15)	0.00	0.00	2.35	(3.25)	9.82
WRLD	1.64	0.35	0.20	0.29	1.47	(1.93)	3.50	(2.84)	20.38
FCFS	1.03	0.12	0.08	0.24	1.33	(1.07)	2.41	(2.12)	7.50
SLMBP	0.25	0.06	0.18	0.39	0.00	(0.30)	0.81	(0.38)	1.89
AGM-A	1.42	(0.13)	0.00	7.63	0.00	0.00	3.13	(4.60)	13.48

Consumer Portfolio Corporate Executives

Elected by the shareholders, the Consumer Portfolio's board of directors comprises two types of representatives: Consumer Portfolio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Consumer. The board's role is to monitor Consumer Portfolio's management team and ensure that shareholders' interests are well served. Consumer Portfolio's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Consumer Portfolio's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jeffrey Fritz

CFO, Principal Accounting Officer and Executive VP

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