Eagle Point Correlations

Stocks . USA . 
Stock . Eagle Point Credit
ECCX Stock  USD 25.00  0.02  0.08%   
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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eagle Point Correlation With Market

Good diversification

The correlation between Eagle Point Credit and DJI is -0.06 (i.e., Good 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 together with Eagle Stock

  0.62DOMH Dominari HoldingsPairCorr
  0.86RZB Reinsurance GroupPairCorr
  0.87RWAYL MSCI ACWI exAUCONSUMERPairCorr
  0.63KPLTW Katapult Holdings EquityPairCorr
  0.68UNMA Unum GroupPairCorr
  0.63BK Bank of New YorkPairCorr
  0.76WTL Wt Financial GroupPairCorr
  0.76DMYY dMY Squared TechnologyPairCorr

Moving against Eagle Stock

  0.93AGMH AGM Group HoldingsPairCorr
  0.84MOGO Mogo IncPairCorr
  0.51STSSW Sharps Technology WarrantPairCorr
  0.42AIZN AssurantPairCorr
  0.33MFI mF InternationalPairCorr
  0.83WT WisdomTreePairCorr
  0.82MFG Magellan FinancialPairCorr
  0.74BX Blackstone GroupPairCorr
  0.61CG Carlyle GroupPairCorr
  0.59DHIL Diamond Hill InvestmentPairCorr
  0.56PX P10 IncPairCorr
  0.45BN Brookfield CorpPairCorr
  0.44VCTR Victory Capital HoldingsPairCorr
  0.9HRI Herald Investment TrustPairCorr
  0.89VRTS Virtus InvestmentPairCorr
  0.88KICL Kalyani InvestmentPairCorr
  0.8DFN Dividend 15 SplitPairCorr
  0.64IPX Impax Asset ManagementPairCorr
  0.6LBS Life Banc SplitPairCorr

Related Correlations Analysis

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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   
DTW
+ 0.28
RILYZ
OXLCM
+ 0.0
AJXA
RILYO
+ 0.0
AJXA
RILYZ
+ 0.0
AJXA
DTW
+ 0.0
AJXA
RILYO
+ 0.0
OXLCM
  
High negative correlations   
DTW
- 0.0
RILYO
RILYZ
- 0.0
RILYO
DTW
- 0.0
OXLCM
RILYZ
- 0.0
OXLCM
RILYO
- 0.0
OXLCM
DTW
- 0.0
AJXA

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.

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