PayPal Holdings Correlations

Stocks . USA . 
Stock . PayPal Holdings
PYPL Stock  USD 70.19  0.52  0.75%   
The current 90-days correlation between PayPal Holdings and American Express is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PayPal Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PayPal Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PayPal Holdings Correlation With Market

Very weak diversification

The correlation between PayPal Holdings and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PayPal 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 PayPal 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 american community survey.
For more information on how to buy PayPal Stock please use our How to buy in PayPal Stock guide.

Moving together with PayPal Stock

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  0.74MC MoelisPairCorr
  0.78RC Ready Capital CorpPairCorr
  0.73SF Stifel FinancialPairCorr
  0.78WD Walker DunlopPairCorr
  0.74ECPG Encore Capital GroupPairCorr
  0.74ABR Arbor Realty TrustPairCorr
  0.93AMG Affiliated ManagersPairCorr
  0.7AXP American Express Sell-off TrendPairCorr
  0.89EVR Evercore PartnersPairCorr
  0.78FOA Finance of AmericaPairCorr
  0.68HLI Houlihan LokeyPairCorr
  0.91JEF Jefferies Financial Normal TradingPairCorr
  0.78PWP Perella Weinberg PartnersPairCorr
  0.68STT State Street CorpPairCorr

Moving against PayPal Stock

  0.86ARI Apollo Commercial RealPairCorr
  0.82DB Deutsche Bank AGPairCorr
  0.66V Visa Class APairCorr
  0.6ARR ARMOUR Residential REITPairCorr
  0.41PT Pintec TechnologyPairCorr
  0.4MA Mastercard Sell-off TrendPairCorr
  0.36TW Tradeweb Markets Normal TradingPairCorr
  0.32WSBF Waterstone FinancialPairCorr
  0.88TWO Two Harbors InvestmentsPairCorr
  0.87EFC Ellington FinancialPairCorr
  0.83NLY Annaly Capital ManagementPairCorr
  0.77ORC Orchid Island CapitalPairCorr
  0.76IVR Invesco Mortgage CapitalPairCorr
  0.7MFA MFA FinancialPairCorr
  0.43GCMG GCM GrosvenorPairCorr
  0.33SRL Scully RoyaltyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between PayPal Stock performing well and PayPal 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 PayPal 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.

PayPal Holdings Corporate Management

Diego ScottiGM VPProfile
Alfonso VillanuevaCorp StrategyProfile
Amy BonitatibusSenior OfficerProfile
Bimal PatelGeneral CounselProfile
Hannah QiuSenior RegionProfile
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