Eagle Point Correlations

ECC Stock

USD 7.92 0.03 0.38%

The current 90-days correlation between Eagle Point Credit and Cornerstone Strategic Return is 0.21 (i.e., Modest diversification). The correlation of Eagle Point 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.

Eagle Point Correlation With Market

Average diversification

The correlation between Eagle Point Credit and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. 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.

Moving against Eagle Stock

0.75	FORLU	Four Leaf Acquisition	Pair Corr
0.6	CB	Chubb	Pair Corr
0.34	MFA	MFA Financial	Pair Corr
0.56	TW	Tradeweb Markets Normal Trading	Pair Corr
0.51	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.42	DB	Deutsche Bank AG	Pair Corr
0.41	LX	Lexinfintech Holdings	Pair Corr
0.34	IX	Orix Corp Ads	Pair Corr
0.32	LU	Lufax Holding	Pair Corr
0.31	VBFC	Village Bank	Pair Corr

Related Correlations Analysis

	CRF	CLM	OXSQ	GOF	TPVG	HTGC	TSLX	MAIN	EIC	PAXS
CRF		0.97	-0.14	-0.56	0.34	0.6	-0.28	0.46	0.06	-0.21	CRF
CLM	0.97		0.07	-0.41	0.5	0.71	-0.08	0.63	0.22	-0.01	CLM
OXSQ	-0.14	0.07		0.78	0.65	0.43	0.87	0.58	0.77	0.91	OXSQ
GOF	-0.56	-0.41	0.78		0.24	-0.01	0.77	0.15	0.52	0.82	GOF
TPVG	0.34	0.5	0.65	0.24		0.84	0.65	0.83	0.58	0.57	TPVG
HTGC	0.6	0.71	0.43	-0.01	0.84		0.49	0.91	0.4	0.34	HTGC
TSLX	-0.28	-0.08	0.87	0.77	0.65	0.49		0.64	0.61	0.85	TSLX
MAIN	0.46	0.63	0.58	0.15	0.83	0.91	0.64		0.55	0.48	MAIN
EIC	0.06	0.22	0.77	0.52	0.58	0.4	0.61	0.55		0.66	EIC
PAXS	-0.21	-0.01	0.91	0.82	0.57	0.34	0.85	0.48	0.66		PAXS
	CRF	CLM	OXSQ	GOF	TPVG	HTGC	TSLX	MAIN	EIC	PAXS

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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

CLM	+ 0.97	CRF
PAXS	+ 0.91	OXSQ
MAIN	+ 0.91	HTGC
TSLX	+ 0.87	OXSQ
PAXS	+ 0.85	TSLX
HTGC	+ 0.84	TPVG

High negative correlations

GOF	- 0.56	CRF
GOF	- 0.41	CLM
TSLX	- 0.28	CRF
PAXS	- 0.21	CRF
OXSQ	- 0.14	CRF
TSLX	- 0.08	CLM

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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
CRF	1.11	(0.14)	0.00	(0.25)	0.00	0.00	1.64	(3.36)	11.53
CLM	0.93	(0.09)	0.00	(0.20)	0.00	0.00	1.39	(3.07)	9.55
OXSQ	0.92	0.06	0.07	0.16	1.35	(1.00)	2.03	(1.81)	5.48
GOF	0.47	0.05	0.18	(0.60)	0.59	(0.46)	0.97	(1.13)	2.89
TPVG	1.45	(0.01)	0.00	(0.08)	0.00	0.00	3.25	(2.50)	11.80
HTGC	1.08	0.05	0.05	0.01	1.55	(1.03)	2.01	(2.87)	6.52
TSLX	0.71	0.16	0.22	0.35	0.71	(0.82)	1.73	(1.39)	4.64
MAIN	1.04	0.14	0.12	0.13	1.25	(1.02)	2.09	(1.97)	6.72
EIC	0.62	(0.05)	0.00	0.43	0.00	0.00	1.23	(2.22)	4.28
PAXS	0.53	0.03	0.13	0.56	0.69	(0.54)	1.31	(1.22)	3.61

Eagle Point Corporate Executives

Elected by the shareholders, the Eagle Point's board of directors comprises two types of representatives: Eagle Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eagle. The board's role is to monitor Eagle Point's management team and ensure that shareholders' interests are well served. Eagle Point'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, Eagle Point's outside directors are responsible for providing unbiased perspectives on the board's policies.

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