Eagle Point Correlations

EICA Stock

USD 24.24 0.07 0.29%

The current 90-days correlation between Eagle Point Income and Eagle Point Credit is -0.06 (i.e., Good 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

Good diversification

The correlation between Eagle Point Income and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Income 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 Income. 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

0.82	OCCIM	OFS Credit ,	Pair Corr
0.69	OCCIN	OFS Credit	Pair Corr
0.78	OCCIO	OFS Credit	Pair Corr
0.75	GECCO	Great Elm Capital	Pair Corr
0.74	ATCO-PD	Atlas Corp	Pair Corr
0.79	ATCO-PH	Atlas Corp	Pair Corr
0.79	PFG	Principal Financial	Pair Corr
0.65	OAK-PA	Oaktree Capital Group	Pair Corr
0.63	OAK-PB	Oaktree Capital Group	Pair Corr
0.88	GAINN	Gladstone Investment	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.61	BK	Bank of New York	Pair Corr
0.87	DB	Deutsche Bank AG	Pair Corr
0.88	GL	Globe Life	Pair Corr

Moving against Eagle Stock

0.85	INV	Innventure,	Pair Corr
0.81	APO-PA	Apollo Global Management	Pair Corr
0.74	AX	Axos Financial	Pair Corr
0.72	DHIL	Diamond Hill Investment	Pair Corr
0.65	PSEC-PA	Prospect Capital	Pair Corr
0.62	AAMI	Acadian Asset Management Symbol Change	Pair Corr
0.56	ARES-PB	Ares Management Corp	Pair Corr
0.38	ECF-PA	Ellsworth Growth	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.81	CM	Canadian Imperial Bank	Pair Corr
0.75	BX	Blackstone Group	Pair Corr
0.67	RY	Royal Bank	Pair Corr
0.58	MC	Moelis	Pair Corr
0.57	RF	Regions Financial	Pair Corr
0.56	CG	Carlyle Group	Pair Corr
0.55	BY	Byline Bancorp	Pair Corr
0.53	PX	P10 Inc	Pair Corr
0.51	KB	KB Financial Group	Pair Corr
0.44	BN	Brookfield Corp	Pair Corr

Related Correlations Analysis

	ECCC	OXLCM	ECC-PD	OXLCP	OCCIO
ECCC		0.0	0.88	0.77	0.81	ECCC
OXLCM	0.0		0.0	0.0	0.0	OXLCM
ECC-PD	0.88	0.0		0.82	0.85	ECC-PD
OXLCP	0.77	0.0	0.82		0.87	OXLCP
OCCIO	0.81	0.0	0.85	0.87		OCCIO
	ECCC	OXLCM	ECC-PD	OXLCP	OCCIO

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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

ECC-PD	+ 0.88	ECCC
OCCIO	+ 0.87	OXLCP
OCCIO	+ 0.85	ECC-PD
OXLCP	+ 0.82	ECC-PD
OCCIO	+ 0.81	ECCC
OXLCP	+ 0.77	ECCC

High negative correlations

OCCIO	- 0.0	OXLCM
OXLCP	- 0.0	OXLCM
ECC-PD	- 0.0	OXLCM
OXLCM	- 0.0	ECCC

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
ECCC	0.27	(0.01)	0.14	(0.54)	0.36	(0.31)	0.78	(0.62)	1.78
OXLCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECC-PD	0.31	0.02	0.24	0.12	0.27	(0.43)	0.77	(0.56)	2.05
OXLCP	0.14	0.03	0.38	0.94	0.00	(0.19)	0.34	(0.25)	1.38
OCCIO	0.31	0.02	0.17	(3.40)	0.31	(0.46)	0.94	(0.65)	2.11

Eagle Point Corporate Management

Kenneth CPA	CFO COO	Profile
Thomas CPA	Chairperson CEO	Profile
Nauman Malik	Chief Officer	Profile
Courtney Fandrick	Secretary	Profile

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