Annaly Capital Correlations

NLY Stock

USD 21.61 0.07 0.32%

The current 90-days correlation between Annaly Capital Management and Arbor Realty Trust is -0.15 (i.e., Good diversification). The correlation of Annaly Capital 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.

Annaly Capital Correlation With Market

Good diversification

The correlation between Annaly Capital Management and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Annaly Capital Management 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 Annaly Capital Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Annaly Stock

0.85	V	Visa Class A	Pair Corr
0.85	DB	Deutsche Bank AG	Pair Corr
0.81	LU	Lufax Holding Buyout Trend	Pair Corr
0.92	LX	Lexinfintech Holdings	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.93	XP	Xp Inc	Pair Corr
0.8	DMYY	dMY Squared Technology	Pair Corr
0.79	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.69	GCMGW	GCM Grosvenor	Pair Corr
0.65	WSBF	Waterstone Financial	Pair Corr

Moving against Annaly Stock

0.87	LC	LendingClub Corp	Pair Corr
0.69	BX	Blackstone Group	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.53	CG	Carlyle Group Normal Trading	Pair Corr
0.52	MC	Moelis Normal Trading	Pair Corr
0.45	PX	P10 Inc	Pair Corr
0.41	SF	Stifel Financial	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr
0.84	WULF	Terawulf Downward Rally	Pair Corr
0.78	WT	WisdomTree	Pair Corr
0.76	LGHLW	Lion Financial Group	Pair Corr
0.75	WD	Walker Dunlop	Pair Corr
0.69	ABR	Arbor Realty Trust	Pair Corr
0.62	BLK	BlackRock	Pair Corr
0.53	ECPG	Encore Capital Group	Pair Corr
0.44	AMP	Ameriprise Financial	Pair Corr
0.44	AXP	American Express	Pair Corr

Related Correlations Analysis

	ARR	TWO	ABR	CIM	ORC	IVR	NYMT	AGNC	STWD	RITM
ARR		0.79	-0.33	0.01	0.85	0.9	0.7	0.84	0.84	0.8	ARR
TWO	0.79		-0.71	-0.22	0.92	0.92	0.86	0.96	0.93	0.88	TWO
ABR	-0.33	-0.71		0.45	-0.56	-0.5	-0.8	-0.6	-0.6	-0.5	ABR
CIM	0.01	-0.22	0.45		-0.07	0.01	-0.35	-0.06	-0.12	0.1	CIM
ORC	0.85	0.92	-0.56	-0.07		0.95	0.71	0.96	0.88	0.91	ORC
IVR	0.9	0.92	-0.5	0.01	0.95		0.75	0.96	0.92	0.93	IVR
NYMT	0.7	0.86	-0.8	-0.35	0.71	0.75		0.77	0.87	0.67	NYMT
AGNC	0.84	0.96	-0.6	-0.06	0.96	0.96	0.77		0.93	0.94	AGNC
STWD	0.84	0.93	-0.6	-0.12	0.88	0.92	0.87	0.93		0.88	STWD
RITM	0.8	0.88	-0.5	0.1	0.91	0.93	0.67	0.94	0.88		RITM
	ARR	TWO	ABR	CIM	ORC	IVR	NYMT	AGNC	STWD	RITM

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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

AGNC	+ 0.96	TWO
AGNC	+ 0.96	ORC
AGNC	+ 0.96	IVR
IVR	+ 0.95	ORC
RITM	+ 0.94	AGNC
STWD	+ 0.93	TWO

High negative correlations

NYMT	- 0.8	ABR
ABR	- 0.71	TWO
STWD	- 0.6	ABR
AGNC	- 0.6	ABR
ORC	- 0.56	ABR
RITM	- 0.5	ABR

Risk-Adjusted Indicators

There is a big difference between Annaly Stock performing well and Annaly Capital 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 Annaly Capital'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
ARR	0.84	(0.02)	0.00	(0.03)	0.00	0.00	1.59	(2.13)	4.93
TWO	1.11	0.27	0.21	(1.51)	1.06	(1.26)	2.32	(1.60)	10.25
ABR	1.37	(0.18)	0.00	(0.16)	0.00	0.00	2.49	(2.94)	15.82
CIM	1.18	(0.12)	0.00	(0.14)	0.00	0.00	2.63	(3.19)	10.76
ORC	0.96	0.09	0.08	0.26	1.07	(1.01)	1.93	(1.73)	8.39
IVR	1.16	0.10	0.06	0.16	1.44	(1.23)	2.32	(2.16)	8.74
NYMT	1.58	0.15	0.08	0.21	1.72	(1.74)	3.87	(2.71)	10.06
AGNC	0.86	0.10	0.10	0.17	0.92	(0.98)	1.90	(1.54)	4.66
STWD	0.93	0.05	0.04	0.07	1.20	(0.91)	1.79	(1.80)	4.80
RITM	0.95	0.11	0.09	0.14	1.12	(0.99)	2.59	(2.37)	6.50

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