Ready Capital Correlations
| RC-PC Preferred Stock | USD 16.17 0.23 1.40% |
The current 90-days correlation between Ready Capital and Ready Capital is 0.42 (i.e., Very weak diversification). The correlation of Ready Capital 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.
Ready Capital Correlation With Market
Average diversification
The correlation between Ready Capital and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital and DJI in the same portfolio, assuming nothing else is changed.
Ready |
The ability to find closely correlated positions to Ready Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ready Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ready Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ready Capital to buy it.
Moving together with Ready Preferred Stock
| 0.93 | RC-PE | Ready Capital | PairCorr |
| 0.65 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.65 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.65 | NYMTL | New York Mortgage | PairCorr |
Moving against Ready Preferred Stock
| 0.89 | NLY-PI | Annaly Capital Management | PairCorr |
| 0.86 | NLY-PF | Annaly Capital Management | PairCorr |
| 0.84 | ACR | Acres Commercial Realty | PairCorr |
| 0.83 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.77 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.73 | PMT | PennyMac Mortgage | PairCorr |
| 0.67 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.65 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.64 | LFT | Lument Finance Trust | PairCorr |
| 0.62 | FBRT | Franklin BSP Realty | PairCorr |
| 0.51 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.44 | RPT | Rithm Property Trust Symbol Change | PairCorr |
| 0.42 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.4 | LADR | Ladder Capital Corp | PairCorr |
| 0.32 | IVR-PC | Invesco Mortgage Capital | PairCorr |
| 0.8 | AGNCP | AGNC Investment Corp | PairCorr |
| 0.8 | AGNCO | AGNC Investment Corp | PairCorr |
| 0.79 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.76 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.74 | AGNCN | AGNC Investment Corp | PairCorr |
| 0.73 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.66 | MITT | AG Mortgage Investment | PairCorr |
| 0.66 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.65 | AGNCM | AGNC Investment Corp | PairCorr |
| 0.64 | MFA-PC | MFA Financial | PairCorr |
| 0.62 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.49 | MFA-PB | MFA Financial | PairCorr |
| 0.48 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
Related Correlations Analysis
| -0.32 | -0.51 | -0.55 | 0.63 | RC-PE | ||
| -0.32 | 0.74 | 0.61 | -0.37 | ARR-PC | ||
| -0.51 | 0.74 | 0.61 | -0.42 | PMT-PC | ||
| -0.55 | 0.61 | 0.61 | -0.75 | MFA-PC | ||
| 0.63 | -0.37 | -0.42 | -0.75 | ABR-PD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ready Preferred Stock performing well and Ready Capital 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 Ready Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RC-PE | 0.51 | (0.14) | 0.00 | (0.58) | 0.00 | 0.88 | 4.00 | |||
| ARR-PC | 0.60 | 0.02 | 0.07 | 0.02 | 0.99 | 1.67 | 4.92 | |||
| PMT-PC | 0.58 | 0.01 | 0.10 | 0.02 | 0.69 | 1.20 | 3.56 | |||
| MFA-PC | 0.39 | 0.05 | 0.23 | 0.14 | 0.38 | 0.88 | 2.38 | |||
| ABR-PD | 0.55 | (0.03) | 0.00 | (0.17) | 0.00 | 1.42 | 4.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ready Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
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Ready Capital Corporate Management
| Alex Ovalle | MD Mang | Profile | |
| David Cohen | MD Platform | Profile | |
| Brian Dunn | Director Division | Profile | |
| Thomas Capasse | CEO Chairman | Profile | |
| Gary Taylor | Chief Officer | Profile | |
| Jack CPA | Pres Director | Profile | |
| Richard Katzenstein | MD Partnerships | Profile |