FlexShopper Correlations

FPAY Stock

USD 1.54 0.02 1.32%

The correlation of FlexShopper 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.

FlexShopper Correlation With Market

Good diversification

The correlation between FlexShopper and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FlexShopper 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 FlexShopper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy FlexShopper Stock please use our How to Invest in FlexShopper guide.

Moving together with FlexShopper Stock

0.67

FTAI

Fortress Transp Infra

Pair Corr

Moving against FlexShopper Stock

0.58	TRTN-PD	Triton International	Pair Corr
0.57	HEES	HE Equipment Services	Pair Corr
0.39	GATX	GATX	Pair Corr
0.37	TRTN-PC	Triton International	Pair Corr
0.32	MGRC	McGrath RentCorp	Pair Corr
0.58	DE	Deere Company	Pair Corr
0.51	ALTG-PA	Alta Equipment Group	Pair Corr
0.45	TRTN-PB	Triton International	Pair Corr
0.43	BZ	Kanzhun Ltd ADR	Pair Corr
0.4	TRTN-PA	Triton International	Pair Corr

Related Correlations Analysis

	BRDS	AZNVF	FTAIN	ASHTY	ALTG	PRG	GATX	MGRC	CTOS
BRDS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BRDS
AZNVF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AZNVF
FTAIN	0.0	0.0		-0.7	-0.67	-0.54	-0.44	-0.52	-0.57	FTAIN
ASHTY	0.0	0.0	-0.7		0.78	0.68	0.51	0.59	0.5	ASHTY
ALTG	0.0	0.0	-0.67	0.78		0.88	0.37	0.41	0.61	ALTG
PRG	0.0	0.0	-0.54	0.68	0.88		0.11	0.06	0.52	PRG
GATX	0.0	0.0	-0.44	0.51	0.37	0.11		0.83	0.38	GATX
MGRC	0.0	0.0	-0.52	0.59	0.41	0.06	0.83		0.27	MGRC
CTOS	0.0	0.0	-0.57	0.5	0.61	0.52	0.38	0.27		CTOS
	BRDS	AZNVF	FTAIN	ASHTY	ALTG	PRG	GATX	MGRC	CTOS

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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

PRG	+ 0.88	ALTG
MGRC	+ 0.83	GATX
ALTG	+ 0.78	ASHTY
PRG	+ 0.68	ASHTY
CTOS	+ 0.61	ALTG
MGRC	+ 0.59	ASHTY

High negative correlations

ASHTY	- 0.7	FTAIN
ALTG	- 0.67	FTAIN
CTOS	- 0.57	FTAIN
PRG	- 0.54	FTAIN
MGRC	- 0.52	FTAIN
GATX	- 0.44	FTAIN

Risk-Adjusted Indicators

There is a big difference between FlexShopper Stock performing well and FlexShopper 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 FlexShopper'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
BRDS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZNVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTAIN	0.51	(0.01)	0.07	(0.03)	0.96	(0.45)	0.94	(1.62)	4.59
ASHTY	1.36	(0.07)	0.00	(0.15)	0.00	0.00	2.58	(2.97)	8.35
ALTG	3.11	(0.24)	0.00	0.24	0.00	0.00	6.91	(6.25)	15.90
PRG	2.19	(0.64)	0.00	2.90	0.00	0.00	3.12	(4.44)	31.87
GATX	0.99	0.02	0.09	(0.30)	1.11	(1.10)	2.11	(1.83)	7.23
MGRC	1.12	0.05	0.09	(0.88)	1.40	(1.19)	2.75	(2.41)	7.16
CTOS	2.69	(0.02)	0.03	(0.05)	3.03	(3.16)	5.46	(5.54)	23.60

FlexShopper Corporate Management

Richard House	Chief Officer	Profile
Ravi Radhakrishnan	Chief Risk Officer	Profile
John Davis	Chief Officer	Profile
Heiser CFA	Chief Officer	Profile
Carlos Sanchez	Investor Officer	Profile
Frank Matasavage	Controller	Profile

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