B Riley Correlations

Stocks . USA . 
Stock . B Riley Financial
RILYN Stock  USD 13.39  0.08  0.59%   
The current 90-days correlation between B Riley Financial and B Riley Financial, is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B Riley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Riley Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

B Riley Correlation With Market

Average diversification

The correlation between B Riley Financial and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B Riley Financial 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 B Riley Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with RILYN Stock

  0.64DB Deutsche Bank AGPairCorr
  0.7DX Dynex CapitalPairCorr
  0.61LU Lufax HoldingPairCorr
  0.78DMYY dMY Squared TechnologyPairCorr
  0.63DYCQ DT Cloud AcquisitionPairCorr

Moving against RILYN Stock

  0.62LC LendingClub CorpPairCorr
  0.57RC Ready Capital CorpPairCorr
  0.53BX Blackstone GroupPairCorr
  0.51MC MoelisPairCorr
  0.5CG Carlyle GroupPairCorr
  0.44PX P10 IncPairCorr
  0.43SF Stifel FinancialPairCorr
  0.38RM Regional Management CorpPairCorr
  0.37BN Brookfield CorpPairCorr
  0.35DHIL Diamond Hill InvestmentPairCorr
  0.68ECPG Encore Capital GroupPairCorr
  0.55VRTS Virtus InvestmentPairCorr
  0.53WT WisdomTreePairCorr
  0.53LGHLW Lion Financial GroupPairCorr
  0.44WD Walker DunlopPairCorr
  0.42VCTR Victory Capital HoldingsPairCorr

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   
RILYT
+ 0.94
RILYZ
RILYG
+ 0.81
RILYZ
RILYT
+ 0.74
RILYG
RILYT
+ 0.45
RILYM
RILYZ
+ 0.42
RILYM
RILYG
+ 0.35
RILYM
  
High negative correlations   
RILYT
- 0.0
RILYO
RILYG
- 0.0
RILYO
RILYZ
- 0.0
RILYO
RILYO
- 0.0
RILYM

Risk-Adjusted Indicators

There is a big difference between RILYN Stock performing well and B Riley 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 B Riley'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.

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