Encore Capital Correlations

ECPG Stock

USD 34.79 0.28 0.81%

The current 90-days correlation between Encore Capital Group and Guild Holdings Co is 0.13 (i.e., Average diversification). The correlation of Encore Capital 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.

Encore Capital Correlation With Market

Weak diversification

The correlation between Encore Capital Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Encore Capital Group 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 Encore Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Encore Stock

0.88	AXP	American Express Sell-off Trend	Pair Corr
0.66	COF	Capital One Financial	Pair Corr
0.68	DFS	Discover Financial	Pair Corr
0.91	SYF	Synchrony Financial	Pair Corr
0.74	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.67	ALLY	Ally Financial Normal Trading	Pair Corr
0.85	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.74	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.79	AX	Axos Financial	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.83	BX	Blackstone Group Normal Trading	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr
0.87	CG	Carlyle Group Normal Trading	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr
0.67	GS	Goldman Sachs Group	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.71	LC	LendingClub Corp Sell-off Trend	Pair Corr

Moving against Encore Stock

0.81	RENEW	Cartesian Growth	Pair Corr
0.38	L	Loews Corp	Pair Corr
0.86	CB	Chubb	Pair Corr
0.81	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.75	DB	Deutsche Bank AG	Pair Corr
0.72	TW	Tradeweb Markets Normal Trading	Pair Corr
0.67	LU	Lufax Holding	Pair Corr
0.61	LX	Lexinfintech Holdings	Pair Corr
0.45	GL	Globe Life	Pair Corr
0.31	TD	Toronto Dominion Bank	Pair Corr

Related Correlations Analysis

	GHLD	OCN	COOP	CNF	HMPT	SNFCA	PFSI	VEL
GHLD		0.0	-0.6	-0.73	0.0	-0.39	-0.3	0.56	GHLD
OCN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OCN
COOP	-0.6	0.0		0.44	0.0	0.73	0.34	-0.54	COOP
CNF	-0.73	0.0	0.44		0.0	0.36	0.53	-0.68	CNF
HMPT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
SNFCA	-0.39	0.0	0.73	0.36	0.0		0.33	-0.35	SNFCA
PFSI	-0.3	0.0	0.34	0.53	0.0	0.33		-0.27	PFSI
VEL	0.56	0.0	-0.54	-0.68	0.0	-0.35	-0.27		VEL
	GHLD	OCN	COOP	CNF	HMPT	SNFCA	PFSI	VEL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SNFCA	+ 0.73	COOP
VEL	+ 0.56	GHLD
PFSI	+ 0.53	CNF
CNF	+ 0.44	COOP
SNFCA	+ 0.36	CNF
PFSI	+ 0.34	COOP

High negative correlations

CNF	- 0.73	GHLD
VEL	- 0.68	CNF
COOP	- 0.6	GHLD
VEL	- 0.54	COOP
SNFCA	- 0.39	GHLD
VEL	- 0.35	SNFCA

Risk-Adjusted Indicators

There is a big difference between Encore Stock performing well and Encore Capital 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 Encore Capital'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
GHLD	1.97	0.23	0.11	0.21	1.97	(2.68)	4.72	(3.66)	13.33
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COOP	1.36	0.18	0.09	0.12	1.86	(1.34)	2.73	(2.56)	9.97
CNF	3.94	0.03	0.02	0.08	4.96	(4.36)	9.76	(8.33)	29.27
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNFCA	1.37	0.05	0.04	0.01	1.87	(1.27)	2.92	(3.13)	8.29
PFSI	1.48	0.05	0.00	(0.03)	0.00	0.00	3.14	(3.32)	12.76
VEL	0.94	(0.11)	0.00	(0.56)	0.00	0.00	1.37	(2.05)	10.96

Encore Capital Corporate Management

Craig Buick	CEO Group	Profile
Faryar Borhani	Senior Communications	Profile
Andrew Asch	Sr Counsel	Profile
Tracy Ting	Senior Officer	Profile
Peter Reck	Principal Officer	Profile
Steve Carmichael	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC