B Riley Correlations

RILYZ Stock

USD 10.19 0.12 1.19%

The current 90-days correlation between B Riley Financial and B Riley Financial is 0.84 (i.e., Very 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 0.15 (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 against RILYZ Stock

0.54	LU	Lufax Holding Buyout Trend	Pair Corr
0.6	WU	Western Union	Pair Corr
0.49	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.42	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.32	RM	Regional Management Corp	Pair Corr

Related Correlations Analysis

	RILYG	RILYO	RILYN	RILYM	RILYT
RILYG		-0.08	0.97	0.31	0.88	RILYG
RILYO	-0.08		-0.14	0.42	0.09	RILYO
RILYN	0.97	-0.14		0.23	0.89	RILYN
RILYM	0.31	0.42	0.23		0.37	RILYM
RILYT	0.88	0.09	0.89	0.37		RILYT
	RILYG	RILYO	RILYN	RILYM	RILYT

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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	+ 0.97	RILYG
RILYT	+ 0.89	RILYN
RILYT	+ 0.88	RILYG
RILYM	+ 0.42	RILYO
RILYT	+ 0.37	RILYM
RILYM	+ 0.31	RILYG

High negative correlations

RILYN	- 0.14	RILYO
RILYO	- 0.08	RILYG

Risk-Adjusted Indicators

There is a big difference between RILYZ 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
RILYG	3.16	0.05	0.02	0.16	3.94	(3.26)	6.11	(5.97)	38.41
RILYO	0.41	0.03	(0.17)	(0.56)	0.42	(0.53)	1.20	(0.86)	2.95
RILYN	3.16	0.04	0.00	0.16	4.63	(3.21)	9.46	(9.44)	33.81
RILYM	2.52	0.37	0.07	(0.74)	2.70	(2.90)	3.59	(3.96)	28.41
RILYT	3.49	(0.08)	0.00	0.06	4.84	(3.40)	10.55	(9.24)	36.84

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