OneMain Holdings Correlations

OMF Stock  USD 50.01  0.00  0.00%   
The current 90-days correlation between OneMain Holdings and Oaktree Specialty Lending is 0.36 (i.e., Weak diversification). The correlation of OneMain Holdings 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.

OneMain Holdings Correlation With Market

Poor diversification

The correlation between OneMain Holdings and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneMain Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMain Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in OneMain Stock please use our How to Invest in OneMain Holdings guide.

Moving together with OneMain Stock

  0.86MC MoelisPairCorr
  0.94MS Morgan StanleyPairCorr
  0.91AXP American ExpressPairCorr
  0.9COF Capital One FinancialPairCorr
  0.94ALLY Ally Financial Normal TradingPairCorr
  0.82SOFI SoFi Technologies Aggressive PushPairCorr
  0.73UPST Upstart HoldingsPairCorr
  0.84C Citigroup Aggressive PushPairCorr
  0.63AX Axos FinancialPairCorr
  0.94BN Brookfield CorpPairCorr
  0.73BX Blackstone Group Normal TradingPairCorr
  0.76BY Byline BancorpPairCorr
  0.86CG Carlyle Group Normal TradingPairCorr
  0.69CM Canadian Imperial BankPairCorr
  0.77FG FG Annuities LifePairCorr
  0.9GS Goldman Sachs GroupPairCorr
  0.64KB KB Financial GroupPairCorr

Moving against OneMain Stock

  0.65CB ChubbPairCorr
  0.34FORLU Four Leaf AcquisitionPairCorr
  0.66TW Tradeweb Markets Normal TradingPairCorr
  0.54HG Hamilton Insurance Group,PairCorr
  0.39WU Western UnionPairCorr
  0.37LU Lufax Holding Downward RallyPairCorr
  0.36DB Deutsche Bank AGPairCorr

Related Correlations Analysis

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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   
VMA
VBBDC
MABBDC
AXPALLY
RWAYBBDC
VOCSL
  
High negative correlations   
AXPOCSL
VORCC
MAORCC
AXPORCC
AGMORCC
NAVIORCC

Risk-Adjusted Indicators

There is a big difference between OneMain Stock performing well and OneMain Holdings 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 OneMain Holdings' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OCSL  0.75  0.08  0.13  0.18  0.89 
 1.54 
 4.43 
BBDC  0.78  0.03  0.06  0.02  1.22 
 1.45 
 5.91 
RWAY  0.91  0.03  0.05 (0.01) 1.20 
 1.81 
 5.34 
ALLY  1.49  0.01  0.00 (0.07) 0.00 
 3.30 
 10.23 
ORCC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
NAVI  1.52 (0.07) 0.00 (0.15) 0.00 
 2.47 
 9.49 
AGM  1.09 (0.08) 0.00 (0.19) 0.00 
 2.62 
 10.51 
AXP  1.28 (0.06) 0.00 (0.12) 0.00 
 2.30 
 8.33 
MA  0.86  0.07  0.06  0.00  1.19 
 2.03 
 6.59 
V  0.80  0.18  0.15  0.16  1.09 
 1.65 
 5.06