Oportun Financial Correlations

OPRT Stock

USD 7.06 0.04 0.57%

The current 90-days correlation between Oportun Financial Corp and Medallion Financial Corp is -0.03 (i.e., Good diversification). The correlation of Oportun 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Oportun Financial Correlation With Market

Modest diversification

The correlation between Oportun Financial Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oportun Financial Corp 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 Oportun Financial 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 metropolitan statistical area.

Moving together with Oportun Stock

0.86	V	Visa Class A	Pair Corr
0.8	MA	Mastercard	Pair Corr
0.61	COF	Capital One Financial	Pair Corr
0.65	C	Citigroup	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.73	BK	Bank of New York	Pair Corr
0.75	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.68	GL	Globe Life	Pair Corr
0.61	GS	Goldman Sachs Group	Pair Corr
0.71	LU	Lufax Holding	Pair Corr
0.79	LX	Lexinfintech Holdings	Pair Corr
0.62	PT	Pintec Technology	Pair Corr

Moving against Oportun Stock

0.84	PYPL	PayPal Holdings	Pair Corr
0.71	EG	Everest Group	Pair Corr
0.69	BX	Blackstone Group	Pair Corr
0.65	CM	Canadian Imperial Bank	Pair Corr
0.58	SYF	Synchrony Financial	Pair Corr
0.52	DHIL	Diamond Hill Investment	Pair Corr
0.49	AX	Axos Financial	Pair Corr
0.41	AMTD	AMTD IDEA Group	Pair Corr
0.35	CG	Carlyle Group	Pair Corr
0.76	LC	LendingClub Corp	Pair Corr
0.69	WD	Walker Dunlop Normal Trading	Pair Corr
0.57	WT	WisdomTree	Pair Corr
0.52	IX	Orix Corp Ads	Pair Corr
0.51	KB	KB Financial Group	Pair Corr
0.44	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.42	RY	Royal Bank	Pair Corr
0.34	PX	P10 Inc	Pair Corr
0.34	RF	Regions Financial	Pair Corr
0.31	SF	Stifel Financial	Pair Corr

Related Correlations Analysis

	SLM	IX	FCFS	MFIN	EZPW	NAVI	ENVA	MGI
SLM		-0.64	0.77	-0.77	0.73	-0.3	0.42	0.0	SLM
IX	-0.64		-0.45	0.67	-0.34	0.63	0.04	0.0	IX
FCFS	0.77	-0.45		-0.68	0.75	-0.01	0.73	0.0	FCFS
MFIN	-0.77	0.67	-0.68		-0.74	0.36	-0.29	0.0	MFIN
EZPW	0.73	-0.34	0.75	-0.74		0.02	0.41	0.0	EZPW
NAVI	-0.3	0.63	-0.01	0.36	0.02		0.21	0.0	NAVI
ENVA	0.42	0.04	0.73	-0.29	0.41	0.21		0.0	ENVA
MGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MGI
	SLM	IX	FCFS	MFIN	EZPW	NAVI	ENVA	MGI

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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

FCFS	+ 0.77	SLM
EZPW	+ 0.75	FCFS
EZPW	+ 0.73	SLM
ENVA	+ 0.73	FCFS
MFIN	+ 0.67	IX
NAVI	+ 0.63	IX

High negative correlations

MFIN	- 0.77	SLM
EZPW	- 0.74	MFIN
MFIN	- 0.68	FCFS
IX	- 0.64	SLM
FCFS	- 0.45	IX
EZPW	- 0.34	IX

Risk-Adjusted Indicators

There is a big difference between Oportun Stock performing well and Oportun 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 Oportun 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
SLM	1.50	0.34	0.20	0.29	1.39	(1.66)	3.53	(2.87)	13.35
IX	1.00	(0.06)	0.00	(0.09)	0.00	0.00	2.37	(2.43)	9.83
FCFS	1.00	0.15	0.11	0.22	1.27	(1.03)	2.41	(2.12)	7.50
MFIN	1.56	(0.17)	0.00	(0.21)	0.00	0.00	2.82	(3.78)	12.76
EZPW	1.21	0.21	0.18	0.41	1.04	(1.49)	3.45	(2.00)	10.95
NAVI	1.37	(0.02)	0.00	(0.06)	0.00	0.00	2.39	(3.25)	10.13
ENVA	1.37	0.06	0.03	0.02	1.70	(1.49)	3.14	(3.15)	7.40
MGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Oportun Financial Corporate Management

Casey CPA	Global Finance	Profile
Stacy Newton	Chief Officer	Profile
Seher Banwari	VP Risk	Profile
Irfan Ganchi	Chief Officer	Profile
Ezra Garrett	Senior Impact	Profile
Sarah Livnat	VP Impact	Profile

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