SLM Corp Correlations

SLM Stock  USD 29.26  0.90  3.17%   
The current 90-days correlation between SLM Corp and FirstCash is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SLM Corp Correlation With Market

Weak diversification

The correlation between SLM Corp and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SLM Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SLM 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 bureau of economic analysis.
To learn how to invest in SLM Stock, please use our How to Invest in SLM Corp guide.

Moving together with SLM Stock

  0.7V Visa Class APairCorr
  0.81AC Associated CapitalPairCorr
  0.68DX Dynex CapitalPairCorr
  0.7MA MastercardPairCorr
  0.74XP Xp IncPairCorr
  0.79DOMH Dominari HoldingsPairCorr
  0.68GCMGW GCM GrosvenorPairCorr
  0.68EMCGU Embrace Change AcquiPairCorr

Moving against SLM Stock

  0.37LC LendingClub Corp Sell-off TrendPairCorr
  0.34WD Walker DunlopPairCorr
  0.71EMCGW Embrace Change AcquiPairCorr
  0.69DISTW Distoken AcquisitionPairCorr
  0.56DISTR Distoken AcquisitionPairCorr
  0.51LGHLW Lion Financial GroupPairCorr
  0.46WULF Terawulf Earnings Call TodayPairCorr
  0.42VRTS Virtus InvestmentPairCorr

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   
EZPWFCFS
EZPWOPRT
SLMBPOPRT
AGMNAVI
SLMBPAGM
OPRTFCFS
  
High negative correlations   
OPRTMFIN
EZPWMFIN
SLMBPMFIN
MFINFCFS
EZPWIX
FCFSIX

Risk-Adjusted Indicators

There is a big difference between SLM Stock performing well and SLM Corp 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 SLM Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IX  0.98  0.00  0.00 (0.09) 0.00 
 1.82 
 7.70 
FCFS  1.01  0.20  0.17  0.27  1.23 
 2.41 
 6.71 
MFIN  1.68 (0.19) 0.00  0.36  0.00 
 2.82 
 11.13 
OPRT  3.84  1.08  0.22  0.61  3.80 
 14.93 
 29.43 
EZPW  1.23  0.25  0.23  0.39  1.06 
 3.45 
 10.95 
NAVI  1.50 (0.03) 0.00 (0.13) 0.00 
 2.47 
 9.49 
ENVA  1.69  0.03  0.00 (0.07) 0.00 
 3.54 
 8.86 
AGM  1.10 (0.04) 0.00 (0.15) 0.00 
 2.62 
 10.51 
SLMBP  0.30  0.06  0.39  0.43  0.19 
 0.95 
 1.90 
AGM-A  1.48 (0.03) 0.00  0.14  0.00 
 4.87 
 16.56 

SLM Corp Corporate Management