Navient Corp Correlations

NAVI Stock

USD 13.54 0.14 1.04%

The current 90-days correlation between Navient Corp and FirstCash is 0.35 (i.e., Weak diversification). The correlation of Navient Corp 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.

Navient Corp Correlation With Market

Very weak diversification

The correlation between Navient Corp and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navient Corp 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 Navient Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Navient Stock please use our How to Invest in Navient Corp guide.

Related Correlations Analysis

	FCFS	NNI	IX	AGM	SLMBP	AGM-A	EZPW	SLM	ENVA
FCFS		0.75	-0.29	0.07	0.77	-0.62	0.81	0.74	0.23	FCFS
NNI	0.75		-0.1	0.33	0.85	-0.28	0.74	0.62	-0.04	NNI
IX	-0.29	-0.1		0.31	-0.08	0.27	-0.32	-0.42	0.0	IX
AGM	0.07	0.33	0.31		0.25	0.27	0.19	0.17	0.2	AGM
SLMBP	0.77	0.85	-0.08	0.25		-0.37	0.82	0.73	0.0	SLMBP
AGM-A	-0.62	-0.28	0.27	0.27	-0.37		-0.34	-0.38	-0.37	AGM-A
EZPW	0.81	0.74	-0.32	0.19	0.82	-0.34		0.8	0.0	EZPW
SLM	0.74	0.62	-0.42	0.17	0.73	-0.38	0.8		0.3	SLM
ENVA	0.23	-0.04	0.0	0.2	0.0	-0.37	0.0	0.3		ENVA
	FCFS	NNI	IX	AGM	SLMBP	AGM-A	EZPW	SLM	ENVA

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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

SLMBP	+ 0.85	NNI
EZPW	+ 0.82	SLMBP
EZPW	+ 0.81	FCFS
SLM	+ 0.8	EZPW
SLMBP	+ 0.77	FCFS
NNI	+ 0.75	FCFS

High negative correlations

AGM-A	- 0.62	FCFS
SLM	- 0.42	IX
SLM	- 0.38	AGM-A
ENVA	- 0.37	AGM-A
AGM-A	- 0.37	SLMBP
EZPW	- 0.34	AGM-A

Risk-Adjusted Indicators

There is a big difference between Navient Stock performing well and Navient Corp 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 Navient Corp'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
FCFS	0.98	0.16	0.14	0.20	1.27	(1.02)	2.41	(2.20)	6.71
NNI	0.91	0.17	0.15	0.09	1.00	(1.01)	1.54	(1.69)	11.61
IX	0.98	0.00	0.00	(0.07)	0.00	0.00	1.82	(2.17)	7.70
AGM	1.09	(0.08)	0.00	(0.19)	0.00	0.00	2.62	(2.65)	10.51
SLMBP	0.29	0.06	0.36	0.47	0.17	(0.36)	0.90	(0.55)	1.90
AGM-A	1.46	(0.12)	0.00	0.68	0.00	0.00	3.13	(4.60)	16.56
EZPW	1.25	0.26	0.23	0.41	1.05	(1.55)	3.45	(1.92)	10.95
SLM	1.41	0.29	0.17	0.20	1.44	(1.57)	3.36	(2.88)	8.92
ENVA	1.70	0.02	0.00	(0.06)	0.00	0.00	3.54	(3.25)	8.86

Navient Corp Corporate Management

Mike Smith	Senior Officer	Profile
Patricia Christel	VP CEO	Profile
Mark Heleen	Chief Legal Officer and Corporate Secretary	Profile
Paul Hartwick	Vice Communications	Profile
Joe CFA	CFO VP	Profile
Judah Holland	Senior Initiatives	Profile
John Kane	Group Pres for Asset Recovery and Bus. Services	Profile

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