OppFi Correlations

OPFI Stock

USD 9.14 0.11 1.19%

The current 90-days correlation between OppFi Inc and Dave Inc is 0.15 (i.e., Average diversification). The correlation of OppFi 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.

OppFi Correlation With Market

Good diversification

The correlation between OppFi Inc and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OppFi Inc 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 OppFi Inc. 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.

Moving together with OppFi Stock

0.68	V	Visa Class A	Pair Corr
0.79	GS	Goldman Sachs Group	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.73	MS	Morgan Stanley	Pair Corr
0.62	RM	Regional Management Corp	Pair Corr
0.72	GCMGW	GCM Grosvenor	Pair Corr
0.7	VIRT	Virtu Financial	Pair Corr
0.68	EMCGU	Embrace Change Acqui	Pair Corr

Moving against OppFi Stock

0.58	DHIL	Diamond Hill Investment	Pair Corr
0.32	LC	LendingClub Corp	Pair Corr
0.68	TW	Tradeweb Markets	Pair Corr
0.36	WT	WisdomTree	Pair Corr
0.52	VRTS	Virtus Investment	Pair Corr
0.33	LGHLW	Lion Financial Group	Pair Corr
0.32	EMCGR	Embrace Change Acqui	Pair Corr
0.32	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	DAVE	LAW	ENFN	NRDY	VCSA	PWSC	ONTF	MITK	MNTV	PET
DAVE		0.22	0.37	0.67	0.21	0.0	0.36	0.16	0.0	0.58	DAVE
LAW	0.22		-0.26	0.39	-0.4	0.0	0.69	0.08	0.0	-0.1	LAW
ENFN	0.37	-0.26		0.07	0.5	0.0	-0.34	-0.49	0.0	0.28	ENFN
NRDY	0.67	0.39	0.07		0.07	0.0	0.75	0.38	0.0	0.47	NRDY
VCSA	0.21	-0.4	0.5	0.07		0.0	-0.22	-0.43	0.0	0.68	VCSA
PWSC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PWSC
ONTF	0.36	0.69	-0.34	0.75	-0.22	0.0		0.46	0.0	0.15	ONTF
MITK	0.16	0.08	-0.49	0.38	-0.43	0.0	0.46		0.0	-0.03	MITK
MNTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MNTV
PET	0.58	-0.1	0.28	0.47	0.68	0.0	0.15	-0.03	0.0		PET
	DAVE	LAW	ENFN	NRDY	VCSA	PWSC	ONTF	MITK	MNTV	PET

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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

ONTF	+ 0.75	NRDY
ONTF	+ 0.69	LAW
PET	+ 0.68	VCSA
NRDY	+ 0.67	DAVE
PET	+ 0.58	DAVE
VCSA	+ 0.5	ENFN

High negative correlations

MITK	- 0.49	ENFN
MITK	- 0.43	VCSA
VCSA	- 0.4	LAW
ONTF	- 0.34	ENFN
ENFN	- 0.26	LAW
ONTF	- 0.22	VCSA

Risk-Adjusted Indicators

There is a big difference between OppFi Stock performing well and OppFi 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 OppFi'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
DAVE	3.80	0.30	0.05	0.09	4.76	(3.96)	6.71	(7.98)	25.06
LAW	2.13	(0.48)	0.00	(0.77)	0.00	0.00	4.09	(4.79)	15.04
ENFN	1.21	0.13	0.12	0.48	1.60	(1.46)	3.38	(2.60)	10.10
NRDY	3.44	0.17	0.04	0.04	3.57	(4.60)	8.07	(6.25)	26.75
VCSA	2.35	0.45	0.16	1.19	2.36	(3.25)	5.69	(5.88)	31.66
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ONTF	1.52	(0.19)	0.00	(0.26)	0.00	0.00	2.99	(4.37)	8.36
MITK	1.97	0.01	0.05	(0.14)	2.21	(2.62)	5.15	(3.47)	22.98
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PET	5.56	0.52	0.07	0.21	5.52	(8.01)	11.76	(11.11)	33.99

OppFi Corporate Management

Ray Chay	VP Operations	Profile
Elizabeth Simer	Chief GM	Profile
Manuel Chagas	Chief Officer	Profile
Theodore Schwartz	CoFounder Director	Profile
Marv Gurevich	General Secretary	Profile

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