MFA Financial Correlations

MFA Stock

USD 11.05 0.09 0.82%

The current 90-days correlation between MFA Financial and Chimera Investment is -0.05 (i.e., Good diversification). The correlation of MFA Financial 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.

MFA Financial Correlation With Market

Very weak diversification

The correlation between MFA Financial and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFA Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFA Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade MFA Stock refer to our How to Trade MFA Stock guide.

Moving together with MFA Stock

0.65	V	Visa Class A	Pair Corr
0.77	TWO	Two Harbors Investments	Pair Corr
0.61	BBUC	Brookfield Business Corp	Pair Corr
0.74	O	Realty Income	Pair Corr
0.8	DX	Dynex Capital	Pair Corr
0.74	FR	First Industrial Realty Sell-off Trend	Pair Corr
0.62	WY	Weyerhaeuser	Pair Corr
0.66	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.61	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.66	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against MFA Stock

0.67	PYPL	PayPal Holdings	Pair Corr
0.63	PK	Park Hotels Resorts	Pair Corr
0.54	RC	Ready Capital Corp	Pair Corr
0.49	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.43	MC	Moelis	Pair Corr
0.39	AXP	American Express	Pair Corr
0.38	PW	Power REIT Earnings Call This Week	Pair Corr
0.32	UE	Urban Edge Properties	Pair Corr
0.7	WHLR	Wheeler Real Estate	Pair Corr
0.69	WETH	Wetouch Technology Common	Pair Corr
0.59	ESRT	Empire State Realty	Pair Corr
0.47	EXPI	eXp World Holdings	Pair Corr
0.44	ESBA	Empire State Realty	Pair Corr
0.39	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	CIM	ARR	ORC	IVR	NYMT	TWO	NLY	AGNC	BRMK
CIM		0.02	-0.1	-0.01	-0.32	-0.17	-0.11	-0.08	0.0	CIM
ARR	0.02		0.82	0.87	0.7	0.77	0.8	0.8	0.0	ARR
ORC	-0.1	0.82		0.96	0.71	0.95	0.95	0.96	0.0	ORC
IVR	-0.01	0.87	0.96		0.73	0.93	0.95	0.96	0.0	IVR
NYMT	-0.32	0.7	0.71	0.73		0.81	0.8	0.74	0.0	NYMT
TWO	-0.17	0.77	0.95	0.93	0.81		0.99	0.98	0.0	TWO
NLY	-0.11	0.8	0.95	0.95	0.8	0.99		0.99	0.0	NLY
AGNC	-0.08	0.8	0.96	0.96	0.74	0.98	0.99		0.0	AGNC
BRMK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRMK
	CIM	ARR	ORC	IVR	NYMT	TWO	NLY	AGNC	BRMK

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

NLY	+ 0.99	TWO
AGNC	+ 0.99	NLY
AGNC	+ 0.98	TWO
IVR	+ 0.96	ORC
AGNC	+ 0.96	ORC
AGNC	+ 0.96	IVR

High negative correlations

NYMT	- 0.32	CIM
TWO	- 0.17	CIM
NLY	- 0.11	CIM
ORC	- 0.1	CIM
AGNC	- 0.08	CIM
IVR	- 0.01	CIM

Risk-Adjusted Indicators

There is a big difference between MFA Stock performing well and MFA Financial 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 MFA Financial'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
CIM	1.21	(0.14)	0.00	0.30	0.00	0.00	2.63	(3.19)	10.76
ARR	0.81	0.05	0.08	0.02	1.11	(0.81)	1.59	(2.13)	4.93
ORC	0.95	0.14	0.17	0.29	0.96	(1.02)	1.93	(1.73)	8.39
IVR	1.15	0.16	0.13	0.20	1.40	(1.25)	2.32	(2.16)	8.74
NYMT	1.60	0.22	0.12	0.19	1.75	(1.72)	3.87	(2.71)	10.06
TWO	1.11	0.35	0.28	0.38	1.02	(1.27)	2.32	(1.60)	10.25
NLY	1.02	0.26	0.22	0.25	1.04	(1.20)	2.42	(1.75)	6.82
AGNC	0.83	0.21	0.23	0.26	0.83	(0.95)	1.90	(1.46)	4.66
BRMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

MFA Financial Corporate Management

Michael Roper	Senior Vice President Chief Accounting Officer	Profile
Lisa Polsky	Independent Director	Profile
Francis Oelerich	Independent Director	Profile
Natasha Seemungal	Senior CoController	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