B Riley Correlations

RILYT Stock

USD 10.03 0.02 0.20%

The current 90-days correlation between B Riley Financial and B Riley Financial is 0.79 (i.e., Poor diversification). The correlation of B Riley 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.

B Riley Correlation With Market

Average diversification

The correlation between B Riley Financial and DJI is 0.17 (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 RILYT Stock

0.61	V	Visa Class A	Pair Corr
0.62	DX	Dynex Capital	Pair Corr

Moving against RILYT Stock

0.55	LC	LendingClub Corp	Pair Corr
0.54	RC	Ready Capital Corp	Pair Corr
0.4	BX	Blackstone Group	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.34	MC	Moelis	Pair Corr
0.32	CG	Carlyle Group	Pair Corr
0.55	ECPG	Encore Capital Group	Pair Corr
0.53	VRTS	Virtus Investment	Pair Corr
0.52	WT	WisdomTree	Pair Corr
0.48	LGHLW	Lion Financial Group	Pair Corr
0.38	WD	Walker Dunlop	Pair Corr
0.33	VCTR	Victory Capital Holdings	Pair Corr

Related Correlations Analysis

	RILYZ	RILYO	RILYN	RILYM	RILYK
RILYZ		0.0	0.88	0.42	0.78	RILYZ
RILYO	0.0		0.0	0.0	0.0	RILYO
RILYN	0.88	0.0		0.6	0.77	RILYN
RILYM	0.42	0.0	0.6		0.63	RILYM
RILYK	0.78	0.0	0.77	0.63		RILYK
	RILYZ	RILYO	RILYN	RILYM	RILYK

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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

RILYN	+ 0.88	RILYZ
RILYK	+ 0.78	RILYZ
RILYK	+ 0.77	RILYN
RILYK	+ 0.63	RILYM
RILYM	+ 0.6	RILYN
RILYM	+ 0.42	RILYZ

High negative correlations

RILYK	- 0.0	RILYO
RILYM	- 0.0	RILYO
RILYN	- 0.0	RILYO
RILYO	- 0.0	RILYZ

Risk-Adjusted Indicators

There is a big difference between RILYT 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RILYZ	2.95	0.27	0.08	0.35	3.18	(3.28)	10.29	(5.90)	23.00
RILYO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RILYN	1.96	0.15	0.08	0.36	2.16	(2.44)	4.56	(3.90)	22.26
RILYM	0.50	0.15	0.38	(1.04)	0.12	(0.68)	1.48	(1.04)	5.50
RILYK	1.06	0.12	0.14	0.52	1.10	(1.46)	4.21	(2.50)	10.05

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