Rithm Capital Correlations

RITM Stock

USD 11.63 0.20 1.69%

The current 90-days correlation between Rithm Capital Corp and Starwood Property Trust is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rithm Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rithm Capital Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rithm Capital Correlation With Market

Very weak diversification

The correlation between Rithm Capital Corp and DJI is 0.53 (i.e., Very weak 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rithm Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Rithm Stock

0.91	V	Visa Class A	Pair Corr
0.66	AC	Associated Capital	Pair Corr
0.71	DB	Deutsche Bank AG	Pair Corr
0.64	LU	Lufax Holding	Pair Corr
0.81	LX	Lexinfintech Holdings	Pair Corr
0.77	MA	Mastercard	Pair Corr
0.65	PT	Pintec Technology	Pair Corr
0.83	XP	Xp Inc	Pair Corr
0.66	DMYY	dMY Squared Technology	Pair Corr
0.82	DOMH	Dominari Holdings	Pair Corr
0.85	GCMGW	GCM Grosvenor	Pair Corr
0.82	FDUS	Fidus Investment Corp	Pair Corr
0.86	ARI	Apollo Commercial Real	Pair Corr

Moving against Rithm Stock

0.69	LC	LendingClub Corp	Pair Corr
0.66	WD	Walker Dunlop	Pair Corr
0.66	WT	WisdomTree	Pair Corr
0.62	DHIL	Diamond Hill Investment	Pair Corr
0.45	BX	Blackstone Group	Pair Corr
0.82	VRTS	Virtus Investment	Pair Corr
0.8	GREE	Greenidge Generation	Pair Corr
0.69	HPH	Highest Performances	Pair Corr
0.68	WULF	Terawulf	Pair Corr
0.63	LGHLW	Lion Financial Group	Pair Corr
0.52	ABR	Arbor Realty Trust	Pair Corr
0.52	TPG	TPG Inc	Pair Corr
0.5	BLK	BlackRock	Pair Corr
0.49	GSIW	Garden Stage Limited	Pair Corr

Related Correlations Analysis

	STWD	AGNC	BXMT	ACRE	BRMK	TWO	ARI	EFC	CIM
STWD		0.91	0.93	-0.65	0.0	0.92	0.89	0.92	-0.07	STWD
AGNC	0.91		0.91	-0.76	0.0	0.98	0.92	0.91	-0.07	AGNC
BXMT	0.93	0.91		-0.8	0.0	0.93	0.96	0.92	-0.34	BXMT
ACRE	-0.65	-0.76	-0.8		0.0	-0.82	-0.82	-0.83	0.6	ACRE
BRMK	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BRMK
TWO	0.92	0.98	0.93	-0.82	0.0		0.94	0.95	-0.16	TWO
ARI	0.89	0.92	0.96	-0.82	0.0	0.94		0.91	-0.32	ARI
EFC	0.92	0.91	0.92	-0.83	0.0	0.95	0.91		-0.23	EFC
CIM	-0.07	-0.07	-0.34	0.6	0.0	-0.16	-0.32	-0.23		CIM
	STWD	AGNC	BXMT	ACRE	BRMK	TWO	ARI	EFC	CIM

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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

TWO	+ 0.98	AGNC
ARI	+ 0.96	BXMT
EFC	+ 0.95	TWO
ARI	+ 0.94	TWO
BXMT	+ 0.93	STWD
TWO	+ 0.93	BXMT

High negative correlations

EFC	- 0.83	ACRE
ARI	- 0.82	ACRE
TWO	- 0.82	ACRE
ACRE	- 0.8	BXMT
ACRE	- 0.76	AGNC
ACRE	- 0.65	STWD

Risk-Adjusted Indicators

There is a big difference between Rithm 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
STWD	0.95	0.07	0.07	0.03	1.23	(0.93)	1.79	(1.80)	4.80
AGNC	0.85	0.18	0.20	0.22	0.85	(0.97)	1.90	(1.46)	4.66
BXMT	1.31	0.21	0.15	0.19	1.37	(1.56)	2.77	(2.37)	6.12
ACRE	1.94	(0.42)	0.00	(0.46)	0.00	0.00	3.19	(4.93)	16.58
BRMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWO	1.12	0.33	0.27	0.37	1.05	(1.27)	2.32	(1.60)	10.25
ARI	1.14	0.21	0.18	0.21	1.11	(1.46)	2.56	(1.71)	11.61
EFC	0.89	0.21	0.16	0.17	1.05	(0.93)	1.46	(1.88)	12.37
CIM	1.19	(0.06)	0.00	(0.14)	0.00	0.00	2.63	(3.19)	10.76

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