SoFi Technologies Correlations

SOFI Stock

USD 12.87 0.23 1.82%

The current 90-days correlation between SoFi Technologies and Liberty Media is 0.54 (i.e., Very weak diversification). The correlation of SoFi Technologies 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.

SoFi Technologies Correlation With Market

Very weak diversification

The correlation between SoFi Technologies and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoFi Technologies 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 SoFi Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.

Moving together with SoFi Stock

0.85	ECPG	Encore Capital Group	Pair Corr
0.89	AXP	American Express	Pair Corr
0.63	COF	Capital One Financial	Pair Corr
0.65	DFS	Discover Financial	Pair Corr
0.92	SYF	Synchrony Financial	Pair Corr
0.69	PFSI	PennyMac Finl Svcs	Pair Corr
0.82	PYPL	PayPal Holdings	Pair Corr
0.71	ALLY	Ally Financial	Pair Corr
0.68	CODI	Compass Diversified	Pair Corr
0.71	UPST	Upstart Holdings	Pair Corr
0.84	AX	Axos Financial	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group	Pair Corr
0.76	BY	Byline Bancorp	Pair Corr
0.93	CG	Carlyle Group	Pair Corr
0.9	CM	Canadian Imperial Bank	Pair Corr
0.62	GS	Goldman Sachs Group	Pair Corr
0.77	KB	KB Financial Group	Pair Corr
0.82	LC	LendingClub Corp	Pair Corr

Moving against SoFi Stock

0.74	RENEW	Cartesian Growth	Pair Corr
0.7	CB	Chubb	Pair Corr
0.67	DB	Deutsche Bank AG	Pair Corr
0.6	LX	Lexinfintech Holdings	Pair Corr
0.59	HG	Hamilton Insurance Group,	Pair Corr
0.57	LU	Lufax Holding	Pair Corr
0.53	TW	Tradeweb Markets	Pair Corr
0.44	GL	Globe Life	Pair Corr
0.35	TD	Toronto Dominion Bank	Pair Corr

Related Correlations Analysis

	V	RDIB	BBDC	MHWIX	BSET	DGEAF	LLYVK	HPQ	IRM	DASH
V		-0.17	0.91	0.81	0.61	-0.75	0.65	-0.15	-0.53	-0.83	V
RDIB	-0.17		-0.19	0.1	0.41	-0.27	-0.48	-0.44	-0.43	-0.2	RDIB
BBDC	0.91	-0.19		0.68	0.48	-0.65	0.76	0.08	-0.37	-0.7	BBDC
MHWIX	0.81	0.1	0.68		0.81	-0.7	0.25	-0.48	-0.71	-0.89	MHWIX
BSET	0.61	0.41	0.48	0.81		-0.71	-0.03	-0.6	-0.88	-0.78	BSET
DGEAF	-0.75	-0.27	-0.65	-0.7	-0.71		-0.32	0.41	0.63	0.81	DGEAF
LLYVK	0.65	-0.48	0.76	0.25	-0.03	-0.32		0.57	0.14	-0.25	LLYVK
HPQ	-0.15	-0.44	0.08	-0.48	-0.6	0.41	0.57		0.64	0.53	HPQ
IRM	-0.53	-0.43	-0.37	-0.71	-0.88	0.63	0.14	0.64		0.73	IRM
DASH	-0.83	-0.2	-0.7	-0.89	-0.78	0.81	-0.25	0.53	0.73		DASH
	V	RDIB	BBDC	MHWIX	BSET	DGEAF	LLYVK	HPQ	IRM	DASH

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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

BBDC	+ 0.91	V
MHWIX	+ 0.81	V
BSET	+ 0.81	MHWIX
DASH	+ 0.81	DGEAF
LLYVK	+ 0.76	BBDC
DASH	+ 0.73	IRM

High negative correlations

DASH	- 0.89	MHWIX
IRM	- 0.88	BSET
DASH	- 0.83	V
DASH	- 0.78	BSET
DGEAF	- 0.75	V
DGEAF	- 0.71	BSET

Risk-Adjusted Indicators

There is a big difference between SoFi Stock performing well and SoFi Technologies 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 SoFi Technologies' 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
V	0.82	0.15	0.13	0.13	1.10	(0.82)	1.65	(2.42)	5.06
RDIB	4.76	0.46	0.08	(0.35)	5.92	(5.47)	9.14	(10.96)	43.09
BBDC	0.79	0.05	0.07	0.08	1.21	(0.74)	1.45	(2.08)	5.91
MHWIX	0.17	0.00	0.24	(0.03)	0.17	(0.24)	0.39	(0.39)	0.97
BSET	1.41	0.18	0.11	1.08	1.83	(1.51)	3.43	(2.82)	10.89
DGEAF	1.81	(0.26)	0.00	0.42	0.00	0.00	3.58	(4.27)	11.64
LLYVK	1.41	(0.02)	0.00	(0.09)	0.00	0.00	2.66	(3.63)	9.63
HPQ	1.25	(0.22)	0.00	(0.40)	0.00	0.00	1.82	(2.68)	9.02
IRM	1.72	(0.28)	0.00	(0.45)	0.00	0.00	2.61	(6.25)	11.11
DASH	4.29	(0.65)	0.00	0.51	0.00	0.00	9.65	(11.36)	38.05

SoFi Technologies Corporate Management

Chad Borton	Group EVP	Profile
Katie Wells	Executive Member	Profile
Anthony Noto	CEO Director	Profile
Robert Lavet	General Secretary	Profile
Stephen Simcock	General Counsel	Profile
Diane Tucker	Senior Operations	Profile
Lauren Webb	Chief Officer	Profile

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