Rithm Capital Correlations

RITM-PC Preferred Stock

25.00 0.02 0.08%

The current 90-days correlation between Rithm Capital Corp and Rithm Capital Corp is 0.15 (i.e., Average diversification). The correlation of Rithm 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.

Rithm Capital Correlation With Market

Significant diversification

The correlation between Rithm Capital Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rithm Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rithm 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 Rithm 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 Rithm 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 Rithm Capital Corp to buy it.

Moving together with Rithm Preferred Stock

0.83	MITT-PA	AG Mortgage Investment	Pair Corr
0.79	MITT-PB	AG Mortgage Investment	Pair Corr
0.91	MITT-PC	AG Mortgage Investment	Pair Corr
0.63	NREF-PA	NexPoint Real Estate	Pair Corr
0.72	RPT	Rithm Property Trust Symbol Change	Pair Corr
0.95	ACR-PC	ACRES Commercial Realty	Pair Corr
0.85	NLY-PI	Annaly Capital Management	Pair Corr
0.9	NLY-PF	Annaly Capital Management	Pair Corr
0.83	NLY-PG	Annaly Capital Management	Pair Corr
0.94	RITM-PD	Rithm Capital Corp	Pair Corr
0.85	RITM-PA	Rithm Capital Corp	Pair Corr
0.97	RITM-PB	Rithm Capital Corp	Pair Corr
0.78	NYMTN	New York Mortgage	Pair Corr
0.64	ARR-PC	ARMOUR Residential REIT	Pair Corr
0.74	CHMI-PB	Cherry Hill Mortgage	Pair Corr
0.82	TWO-PC	Two Harbors Investment	Pair Corr
0.84	TWO-PB	Two Harbors Investment	Pair Corr
0.67	TWO-PA	Two Harbors Investment	Pair Corr
0.88	MFA-PC	MFA Financial	Pair Corr
0.79	MFA-PB	MFA Financial	Pair Corr
0.95	AGNCP	AGNC Investment Corp	Pair Corr
0.9	AGNCO	AGNC Investment Corp	Pair Corr
0.82	AGNCN	AGNC Investment Corp	Pair Corr
0.76	AGNCM	AGNC Investment Corp	Pair Corr

Moving against Rithm Preferred Stock

0.84	ABR-PE	Arbor Realty Trust	Pair Corr
0.83	ABR-PD	Arbor Realty Trust	Pair Corr
0.73	RC-PC	Ready Capital	Pair Corr
0.73	RC-PE	Ready Capital	Pair Corr
0.62	LFT-PA	Lument Finance Trust	Pair Corr
0.38	ABR-PF	Arbor Realty Trust	Pair Corr
0.68	CIM-PA	Chimera Investment	Pair Corr
0.59	NYMTL	New York Mortgage	Pair Corr
0.44	CHMI-PA	Cherry Hill Mortgage	Pair Corr
0.42	RWT-PA	Redwood Trust	Pair Corr
0.41	SACH	Sachem Capital Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RITM-PD	RITM-PB	RITM-PA	PMT-PC	MFA-PC
RITM-PD		0.96	0.89	0.78	0.87	RITM-PD
RITM-PB	0.96		0.89	0.73	0.88	RITM-PB
RITM-PA	0.89	0.89		0.68	0.84	RITM-PA
PMT-PC	0.78	0.73	0.68		0.69	PMT-PC
MFA-PC	0.87	0.88	0.84	0.69		MFA-PC
	RITM-PD	RITM-PB	RITM-PA	PMT-PC	MFA-PC

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Risk-Adjusted Indicators

There is a big difference between Rithm Preferred Stock performing well and Rithm 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 Rithm 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
RITM-PD	0.22	0.04	0.34	0.80	0.13	(0.25)	0.54	(0.42)	1.40
RITM-PB	0.14	0.03	0.37	(5.67)	0.00	(0.17)	0.36	(0.32)	1.17
RITM-PA	0.18	0.03	0.30	1.07	0.16	(0.23)	0.52	(0.32)	1.72
PMT-PC	0.57	0.03	0.12	0.15	0.68	(0.62)	1.20	(1.31)	3.56
MFA-PC	0.38	0.05	0.22	0.14	0.38	(0.45)	0.88	(0.75)	2.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rithm 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.

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Rithm Capital Corporate Management

Charles Sorrentino	Managing Director	Profile
BoHee Yoon	Sec	Profile
Michael Nierenberg	Pres Chairman	Profile
Varun Wadhawan	Managing Director	Profile
Sanjeev Khanna	Managing Director	Profile
CFA CFA	Chief Officer	Profile
Nicola Santoro	Chief CFO	Profile

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