Home Point Correlations
| HMPTDelisted Stock | USD 2.31 0.01 0.43% |
The current 90-days correlation between Home Point Capital and Ocwen Financial is 0.09 (i.e., Significant diversification). The correlation of Home 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.
Home Point Correlation With Market
Average diversification
The correlation between Home Point Capital and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home Point Capital and DJI in the same portfolio, assuming nothing else is changed.
Home |
Moving together with Home Stock
| 0.79 | SSNLF | Samsung Electronics | PairCorr |
| 0.82 | PTAIF | PT Astra International | PairCorr |
| 0.81 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.9 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Home Stock
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.6 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.54 | BKRKY | Bank Rakyat | PairCorr |
| 0.54 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.52 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.5 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.39 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Home Stock performing well and Home 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 Home 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OCN | 1.90 | 0.25 | 0.06 | 2.56 | 2.40 | 4.38 | 20.86 | |||
| CNF | 6.22 | 0.05 | 0.00 | 0.19 | 7.26 | 20.00 | 78.29 | |||
| SNFCA | 1.18 | 0.54 | 0.31 | 0.89 | 0.70 | 2.81 | 11.74 | |||
| ECPG | 1.32 | (0.15) | 0.00 | (0.01) | 0.00 | 2.57 | 9.26 | |||
| GHLD | 1.59 | (0.28) | 0.00 | 1.06 | 0.00 | 3.57 | 11.75 | |||
| PFSI | 1.25 | 0.00 | (0.03) | 0.11 | 1.55 | 2.33 | 7.68 | |||
| GHI | 1.29 | (0.24) | 0.00 | 6.85 | 0.00 | 2.09 | 11.65 |
Home Point Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Home Point stock to make a market-neutral strategy. Peer analysis of Home Point could also be used in its relative valuation, which is a method of valuing Home Point by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Home Point Corporate Management
| John Forlines | Chief Officer | Profile | |
| William Newman | CEO Pres | Profile | |
| Phillip Miller | Chief Officer | Profile | |
| Mark Elbaum | Chief Officer | Profile | |
| MA JD | Gen Sec | Profile | |
| Phillip Shoemaker | Pres Originations | Profile | |
| Gary Stein | Investor Officer | Profile |
Still Interested in Home Point Capital?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.