Raymond James Correlations

RJF Stock

USD 144.96 3.90 2.76%

The current 90-days correlation between Raymond James Financial and Tradeweb Markets is 0.28 (i.e., Modest 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

Poor diversification

The correlation between Raymond James Financial and DJI is 0.62 (i.e., Poor 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raymond James 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 inflation.

Moving together with Raymond Stock

0.87	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group	Pair Corr
0.95	CG	Carlyle Group Normal Trading	Pair Corr
0.69	GS	Goldman Sachs Group	Pair Corr
0.66	LC	LendingClub Corp	Pair Corr
0.89	MC	Moelis Normal Trading	Pair Corr
0.87	MS	Morgan Stanley	Pair Corr
0.94	PX	P10 Inc	Pair Corr
0.91	RM	Regional Management Corp Normal Trading	Pair Corr
0.98	SF	Stifel Financial	Pair Corr
0.83	ECPG	Encore Capital Group	Pair Corr
0.61	WULF	Terawulf Aggressive Push	Pair Corr
0.91	AMP	Ameriprise Financial	Pair Corr
0.92	AXP	American Express	Pair Corr
0.71	BLK	BlackRock	Pair Corr

Moving against Raymond Stock

0.66	LU	Lufax Holding	Pair Corr
0.58	DB	Deutsche Bank AG	Pair Corr
0.48	LX	Lexinfintech Holdings	Pair Corr
0.71	TW	Tradeweb Markets	Pair Corr
0.59	WU	Western Union	Pair Corr
0.54	ARI	Apollo Commercial Real	Pair Corr
0.43	XP	Xp Inc	Pair Corr
0.32	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.81	PFX	Phenixfin	Pair Corr

Related Correlations Analysis

	TW	PJT	MC	LPLA	HLI	SF	EVR	OPY	MKTX
TW		-0.79	-0.79	-0.54	-0.67	-0.67	-0.66	-0.58	0.21	TW
PJT	-0.79		0.87	0.8	0.86	0.8	0.75	0.62	-0.31	PJT
MC	-0.79	0.87		0.61	0.9	0.89	0.92	0.72	0.02	MC
LPLA	-0.54	0.8	0.61		0.66	0.65	0.4	0.6	-0.62	LPLA
HLI	-0.67	0.86	0.9	0.66		0.94	0.89	0.8	0.08	HLI
SF	-0.67	0.8	0.89	0.65	0.94		0.89	0.89	0.1	SF
EVR	-0.66	0.75	0.92	0.4	0.89	0.89		0.69	0.31	EVR
OPY	-0.58	0.62	0.72	0.6	0.8	0.89	0.69		0.07	OPY
MKTX	0.21	-0.31	0.02	-0.62	0.08	0.1	0.31	0.07		MKTX
	TW	PJT	MC	LPLA	HLI	SF	EVR	OPY	MKTX

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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

SF	+ 0.94	HLI
EVR	+ 0.92	MC
HLI	+ 0.9	MC
SF	+ 0.89	MC
EVR	+ 0.89	HLI
EVR	+ 0.89	SF

High negative correlations

MC	- 0.79	TW
PJT	- 0.79	TW
SF	- 0.67	TW
HLI	- 0.67	TW
EVR	- 0.66	TW
MKTX	- 0.62	LPLA

Risk-Adjusted Indicators

There is a big difference between Raymond 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
TW	1.13	0.13	0.11	0.40	1.23	(1.19)	2.36	(2.16)	5.87
PJT	1.61	(0.08)	0.00	(0.10)	0.00	0.00	3.33	(2.79)	11.57
MC	1.67	(0.28)	0.00	1.26	0.00	0.00	2.78	(4.40)	8.78
LPLA	1.49	0.11	0.04	0.05	2.35	(1.41)	2.56	(3.47)	9.62
HLI	1.35	(0.06)	0.00	(0.10)	0.00	0.00	2.15	(3.01)	8.89
SF	1.56	(0.04)	0.00	(0.06)	0.00	0.00	2.49	(4.04)	7.51
EVR	1.90	(0.39)	0.00	(0.27)	0.00	0.00	3.52	(5.48)	11.75
OPY	1.50	0.02	0.00	(0.02)	0.00	0.00	2.97	(2.92)	10.06
MKTX	1.16	(0.15)	0.00	0.33	0.00	0.00	2.19	(2.35)	10.64

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