Raymond James Correlations
| RJF-PB Preferred Stock | 25.24 0.15 0.60% |
The current 90-days correlation between Raymond James Financial and Truist Financial is -0.09 (i.e., Good diversification). The correlation of Raymond James 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.
Raymond James Correlation With Market
Significant diversification
The correlation between Raymond James Financial and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raymond James Financial and DJI in the same portfolio, assuming nothing else is changed.
Raymond |
The ability to find closely correlated positions to Raymond James could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Raymond James 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 Raymond James - 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 Raymond James Financial to buy it.
Moving together with Raymond Preferred Stock
| 0.86 | SCHW-PD | Charles Schwab | PairCorr |
| 0.69 | SF-PB | Stifel Financial Corp | PairCorr |
| 0.79 | MS-PF | Morgan Stanley | PairCorr |
| 0.86 | MS-PE | Morgan Stanley | PairCorr |
| 0.76 | MS-PI | Morgan Stanley | PairCorr |
| 0.72 | GS-PA | Goldman Sachs | PairCorr |
| 0.66 | MER-PK | Merrill Lynch Capital | PairCorr |
| 0.7 | V | Visa Class A | PairCorr |
| 0.66 | BK | Bank of New York | PairCorr |
Moving against Raymond Preferred Stock
| 0.9 | SDIG | Stronghold Digital Mining | PairCorr |
| 0.88 | CLSKW | CleanSpark, Warrant | PairCorr |
| 0.77 | WAI | Top KingWin Symbol Change | PairCorr |
| 0.76 | CNCKW | Coincheck Group NV | PairCorr |
| 0.63 | FUFUW | BitFuFu Warrant | PairCorr |
| 0.32 | MS-PA | Morgan Stanley | PairCorr |
| 0.31 | MS-PQ | Morgan Stanley | PairCorr |
| 0.82 | CM | Canadian Imperial Bank | PairCorr |
| 0.74 | CNCK | Coincheck Group NV | PairCorr |
| 0.74 | AX | Axos Financial | PairCorr |
| 0.73 | BX | Blackstone Group | PairCorr |
| 0.66 | DHIL | Diamond Hill Investment | PairCorr |
| 0.57 | CG | Carlyle Group Normal Trading | PairCorr |
| 0.49 | BY | Byline Bancorp | PairCorr |
| 0.39 | BN | Brookfield Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.21 | -0.57 | 0.33 | -0.46 | WAFDP | ||
| -0.21 | 0.58 | 0.21 | 0.8 | TFC-PI | ||
| -0.57 | 0.58 | 0.11 | 0.83 | SCHW-PD | ||
| 0.33 | 0.21 | 0.11 | 0.33 | ASB-PE | ||
| -0.46 | 0.8 | 0.83 | 0.33 | TFC-PO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Raymond Preferred Stock performing well and Raymond James 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 Raymond James' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAFDP | 0.73 | (0.09) | 0.00 | (0.49) | 0.00 | 1.89 | 4.49 | |||
| TFC-PI | 0.46 | (0.06) | 0.00 | (0.43) | 0.00 | 1.01 | 3.31 | |||
| SCHW-PD | 0.25 | 0.02 | 0.08 | 0.21 | 0.15 | 0.68 | 2.06 | |||
| ASB-PE | 0.72 | 0.00 | 0.00 | (0.01) | 0.92 | 1.73 | 5.93 | |||
| TFC-PO | 0.69 | 0.05 | 0.06 | 0.15 | 0.69 | 1.84 | 5.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Raymond James 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.Did you try this?
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Raymond James Corporate Management
| James Bunn | Pres Banking | Profile | |
| Bella Allaire | Ex Operations | Profile | |
| John Carson | Pres Financial | Profile | |
| JD Esq | Gen VP | Profile | |
| Jeffrey Dowdle | COO Group | Profile | |
| Vin Campagnoli | Chief Officer | Profile | |
| Steve LaBarbera | VP Officer | Profile |