PennyMac Finl Correlations

PFSI Stock

USD 101.01 0.57 0.56%

The correlation of PennyMac Finl 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.

PennyMac Finl Correlation With Market

Very weak diversification

The correlation between PennyMac Finl Svcs and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PennyMac Finl Svcs 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 PennyMac Finl Svcs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with PennyMac Stock

0.71	AXP	American Express	Pair Corr
0.66	COF	Capital One Financial	Pair Corr
0.69	DFS	Discover Financial	Pair Corr
0.62	SYF	Synchrony Financial	Pair Corr
0.76	ALLY	Ally Financial	Pair Corr
0.69	SOFI	SoFi Technologies	Pair Corr
0.68	BN	Brookfield Corp	Pair Corr
0.68	BX	Blackstone Group	Pair Corr
0.74	CG	Carlyle Group	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr

Moving against PennyMac Stock

0.45	RENEW	Cartesian Growth	Pair Corr
0.31	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	HMPT	OCN	ECPG	GHI	GHLD	SNFCA	TBCRF	CNF
HMPT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMPT
OCN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OCN
ECPG	0.0	0.0		-0.41	-0.32	0.2	0.76	0.57	ECPG
GHI	0.0	0.0	-0.41		-0.43	0.47	-0.53	0.31	GHI
GHLD	0.0	0.0	-0.32	-0.43		-0.39	-0.05	-0.73	GHLD
SNFCA	0.0	0.0	0.2	0.47	-0.39		0.12	0.36	SNFCA
TBCRF	0.0	0.0	0.76	-0.53	-0.05	0.12		0.39	TBCRF
CNF	0.0	0.0	0.57	0.31	-0.73	0.36	0.39		CNF
	HMPT	OCN	ECPG	GHI	GHLD	SNFCA	TBCRF	CNF

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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

TBCRF	+ 0.76	ECPG
CNF	+ 0.57	ECPG
SNFCA	+ 0.47	GHI
CNF	+ 0.39	TBCRF
CNF	+ 0.36	SNFCA
CNF	+ 0.31	GHI

High negative correlations

CNF	- 0.73	GHLD
TBCRF	- 0.53	GHI
GHLD	- 0.43	GHI
GHI	- 0.41	ECPG
SNFCA	- 0.39	GHLD
GHLD	- 0.32	ECPG

Risk-Adjusted Indicators

There is a big difference between PennyMac Stock performing well and PennyMac Finl 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 PennyMac Finl'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
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECPG	1.83	(0.38)	0.00	(0.36)	0.00	0.00	2.78	(3.16)	25.24
GHI	1.52	0.39	0.24	0.55	1.47	(1.70)	3.61	(2.59)	11.16
GHLD	1.97	0.23	0.11	0.21	1.97	(2.68)	4.72	(3.66)	13.33
SNFCA	1.37	0.05	0.04	0.01	1.87	(1.27)	2.92	(3.13)	8.29
TBCRF	0.97	(0.08)	0.00	(0.39)	0.00	0.00	3.14	(4.06)	9.43
CNF	3.94	0.03	0.02	0.08	4.96	(4.36)	9.76	(8.33)	29.27

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