Oportun Financial Correlations

OPRT Stock  USD 6.17  0.26  4.40%   
The current 90-days correlation between Oportun Financial Corp and Medallion Financial Corp is 0.05 (i.e., Significant 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

Weak diversification

The correlation between Oportun Financial Corp and DJI is 0.32 (i.e., Weak 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

  0.85V Visa Class APairCorr
  0.71MA MastercardPairCorr
  0.8BBDC Barings BDCPairCorr
  0.76COOP Mr Cooper GroupPairCorr
  0.72AC Associated CapitalPairCorr
  0.72BK Bank of New YorkPairCorr
  0.62DB Deutsche Bank AGPairCorr
  0.71GL Globe LifePairCorr

Moving against Oportun Stock

  0.77PYPL PayPal Holdings Aggressive PushPairCorr
  0.6BX Blackstone GroupPairCorr
  0.55CODI Compass DiversifiedPairCorr
  0.53SYF Synchrony FinancialPairCorr
  0.53DHIL Diamond Hill InvestmentPairCorr
  0.51AX Axos FinancialPairCorr
  0.39SOFI SoFi Technologies Aggressive PushPairCorr
  0.77WD Walker DunlopPairCorr
  0.7LC LendingClub CorpPairCorr
  0.62KB KB Financial GroupPairCorr
  0.6EG Everest GroupPairCorr
  0.54CM Canadian Imperial BankPairCorr
  0.42IX Orix Corp AdsPairCorr
  0.41CG Carlyle Group Normal TradingPairCorr
  0.38RY Royal BankPairCorr
  0.36PX P10 IncPairCorr
  0.34SF Stifel FinancialPairCorr
  0.32MC Moelis Normal TradingPairCorr
  0.31RF Regions FinancialPairCorr

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   
EZPWFCFS
EZPWSLM
FCFSSLM
MFINIX
ENVANAVI
ENVASLM
  
High negative correlations   
EZPWMFIN
MFINSLM
MFINFCFS
IXSLM
EZPWIX
FCFSIX

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.

Oportun Financial Corporate Management