Regional Management Correlations

Stocks . USA . 
Stock . Regional Management Corp
RM Stock  USD 31.59  0.20  0.63%   
The current 90-days correlation between Regional Management Corp and Federal Agricultural Mortgage is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Regional Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Regional Management Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Regional Management Correlation With Market

Poor diversification

The correlation between Regional Management Corp and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Management 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 Regional Management 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 population.

Moving together with Regional Stock

  0.85ECPG Encore Capital GroupPairCorr
  0.92AXP American ExpressPairCorr
  0.74CNF CNFinance HoldingsPairCorr
  0.87COF Capital One FinancialPairCorr
  0.89DFS Discover FinancialPairCorr
  0.85SYF Synchrony FinancialPairCorr
  0.72PFSI PennyMac Finl SvcsPairCorr
  0.87ALLY Ally Financial Normal TradingPairCorr
  0.84SOFI SoFi Technologies Aggressive PushPairCorr
  0.71UPST Upstart HoldingsPairCorr
  0.77C Citigroup Aggressive PushPairCorr
  0.73AX Axos FinancialPairCorr
  0.93BN Brookfield CorpPairCorr
  0.79BX Blackstone GroupPairCorr
  0.83BY Byline BancorpPairCorr
  0.88CG Carlyle Group Normal TradingPairCorr
  0.74CM Canadian Imperial BankPairCorr
  0.73FG FG Annuities LifePairCorr
  0.84GS Goldman Sachs GroupPairCorr
  0.7KB KB Financial GroupPairCorr

Moving against Regional Stock

  0.81RENEW Cartesian GrowthPairCorr
  0.75TW Tradeweb MarketsPairCorr
  0.7CB ChubbPairCorr
  0.53HG Hamilton Insurance Group, Normal TradingPairCorr
  0.53LU Lufax HoldingPairCorr
  0.49DB Deutsche Bank AGPairCorr
  0.33LX Lexinfintech HoldingsPairCorr

Related Correlations Analysis

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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   
EZPW
+ 0.83
SLMBP
FCFS
+ 0.79
SLMBP
EZPW
+ 0.79
FCFS
FOA
+ 0.22
AGM-A
NAVI
+ 0.21
FCFS
IX
+ 0.19
AGM-A
  
High negative correlations   
FOA
- 0.78
SLMBP
EZPW
- 0.68
FOA
FOA
- 0.64
FCFS
AGM-A
- 0.61
FCFS
AGM-A
- 0.32
SLMBP
EZPW
- 0.3
AGM-A

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional Management 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 Regional Management'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.

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