SLM Corp Correlations

SLM Stock  USD 29.26  0.90  3.17%   
The current 90-days correlation between SLM Corp and FirstCash is -0.11 (i.e., Good 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

Significant diversification

The correlation between SLM Corp and DJI is 0.02 (i.e., Significant 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

  0.83V Visa Class APairCorr
  0.66AC Associated CapitalPairCorr
  0.73DX Dynex CapitalPairCorr
  0.75LX Lexinfintech Holdings Earnings Call TodayPairCorr
  0.71MA MastercardPairCorr
  0.64PT Pintec TechnologyPairCorr
  0.69XP Xp IncPairCorr
  0.8DOMH Dominari HoldingsPairCorr
  0.85GCMGW GCM GrosvenorPairCorr
  0.63VMCA Valuence Merger CorpPairCorr
  0.75EMCGU Embrace Change AcquiPairCorr

Moving against SLM Stock

  0.72WD Walker DunlopPairCorr
  0.63DHIL Diamond Hill InvestmentPairCorr
  0.61WT WisdomTreePairCorr
  0.52LC LendingClub Corp Sell-off TrendPairCorr
  0.45BX Blackstone Group Normal TradingPairCorr
  0.76VRTS Virtus InvestmentPairCorr
  0.6LGHLW Lion Financial GroupPairCorr
  0.59WULF Terawulf Earnings Call TodayPairCorr

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   
EZPWOPRT
EZPWFCFS
SLMBPOPRT
SLMBPEZPW
SLMBPFCFS
AGMNAVI
  
High negative correlations   
OPRTMFIN
EZPWMFIN
SLMBPMFIN
MFINFCFS
AGM-AFCFS
OPRTIX

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  1.79  0.00  0.00 (0.09) 0.00 
 3.26 
 12.76 
OPRT  3.67  0.86  0.16  0.36  3.90 
 12.20 
 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  0.29  0.04  0.37  0.33  0.20 
 0.90 
 1.90 
AGM-A  1.46 (0.05) 0.00 (0.19) 0.00 
 3.13 
 16.56 

SLM Corp Corporate Management