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

0.7	V	Visa Class A	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.68	DX	Dynex Capital	Pair Corr
0.7	MA	Mastercard	Pair Corr
0.74	XP	Xp Inc	Pair Corr
0.79	DOMH	Dominari Holdings	Pair Corr
0.68	GCMGW	GCM Grosvenor	Pair Corr
0.68	EMCGU	Embrace Change Acqui	Pair Corr

Moving against SLM Stock

0.37	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.34	WD	Walker Dunlop	Pair Corr
0.71	EMCGW	Embrace Change Acqui	Pair Corr
0.69	DISTW	Distoken Acquisition	Pair Corr
0.56	DISTR	Distoken Acquisition	Pair Corr
0.51	LGHLW	Lion Financial Group	Pair Corr
0.46	WULF	Terawulf Earnings Call Today	Pair Corr
0.42	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	AGM	SLMBP	AGM-A
IX		-0.38	0.31	-0.26	-0.42	0.42	0.03	0.41	0.26	-0.02	IX
FCFS	-0.38		-0.65	0.6	0.8	0.14	0.29	0.04	0.52	-0.15	FCFS
MFIN	0.31	-0.65		-0.85	-0.78	-0.16	-0.15	-0.37	-0.67	-0.16	MFIN
OPRT	-0.26	0.6	-0.85		0.8	0.23	0.01	0.5	0.78	0.27	OPRT
EZPW	-0.42	0.8	-0.78	0.8		-0.03	0.06	0.17	0.57	0.13	EZPW
NAVI	0.42	0.14	-0.16	0.23	-0.03		0.28	0.71	0.48	-0.23	NAVI
ENVA	0.03	0.29	-0.15	0.01	0.06	0.28		0.17	0.04	-0.1	ENVA
AGM	0.41	0.04	-0.37	0.5	0.17	0.71	0.17		0.66	0.14	AGM
SLMBP	0.26	0.52	-0.67	0.78	0.57	0.48	0.04	0.66		0.16	SLMBP
AGM-A	-0.02	-0.15	-0.16	0.27	0.13	-0.23	-0.1	0.14	0.16		AGM-A
	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	AGM	SLMBP	AGM-A

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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	+ 0.8	FCFS
EZPW	+ 0.8	OPRT
SLMBP	+ 0.78	OPRT
AGM	+ 0.71	NAVI
SLMBP	+ 0.66	AGM
OPRT	+ 0.6	FCFS

High negative correlations

OPRT	- 0.85	MFIN
EZPW	- 0.78	MFIN
SLMBP	- 0.67	MFIN
MFIN	- 0.65	FCFS
EZPW	- 0.42	IX
FCFS	- 0.38	IX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IX	0.98	0.00	0.00	(0.09)	0.00	0.00	1.82	(2.17)	7.70
FCFS	1.01	0.20	0.17	0.27	1.23	(1.05)	2.41	(2.20)	6.71
MFIN	1.68	(0.19)	0.00	0.36	0.00	0.00	2.82	(3.91)	11.13
OPRT	3.84	1.08	0.22	0.61	3.80	(4.16)	14.93	(8.20)	29.43
EZPW	1.23	0.25	0.23	0.39	1.06	(1.51)	3.45	(1.92)	10.95
NAVI	1.50	(0.03)	0.00	(0.13)	0.00	0.00	2.47	(3.48)	9.49
ENVA	1.69	0.03	0.00	(0.07)	0.00	0.00	3.54	(3.25)	8.86
AGM	1.10	(0.04)	0.00	(0.15)	0.00	0.00	2.62	(2.65)	10.51
SLMBP	0.30	0.06	0.39	0.43	0.19	(0.36)	0.95	(0.62)	1.90
AGM-A	1.48	(0.03)	0.00	0.14	0.00	0.00	4.87	(4.73)	16.56

SLM Corp Corporate Management

Munish Pahwa	Chief VP	Profile
Richard Nelson	Chief VP	Profile
Daniel Kennedy	Ex COO	Profile
Brian Cronin	VP Relations	Profile
William Wolf	Executive Officer	Profile
Tim Morrison	Sr Relations	Profile

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