Two Harbors Correlations
| TWO-PA Preferred Stock | USD 24.18 0.12 0.49% |
The current 90-days correlation between Two Harbors Investment and PennyMac Mortgage Investment is 0.3 (i.e., Weak diversification). The correlation of Two Harbors 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.
Two Harbors Correlation With Market
Good diversification
The correlation between Two Harbors Investment and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Two Harbors Investment and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Two Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Two Harbors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Two Harbors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Two Harbors Investment to buy it.
Moving together with Two Preferred Stock
| 0.83 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.8 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.64 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.64 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.69 | SACH-PA | Sachem Capital Corp | PairCorr |
| 0.78 | TRTX-PC | TPG RE Finance | PairCorr |
| 0.8 | RC-PE | Ready Capital | PairCorr |
| 0.89 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.85 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.61 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.7 | NYMTZ | New York Mortgage | PairCorr |
| 0.81 | NYMTN | New York Mortgage | PairCorr |
| 0.8 | ARR-PC | ARMOUR Residential REIT | PairCorr |
| 0.77 | CHMI-PA | Cherry Hill Mortgage | PairCorr |
| 0.71 | CHMI-PB | Cherry Hill Mortgage | PairCorr |
| 0.69 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.83 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.63 | MFA-PB | MFA Financial | PairCorr |
Moving against Two Preferred Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Two Preferred Stock performing well and Two Harbors 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 Two Harbors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFT-PA | 0.86 | 0.11 | 0.02 | 0.46 | 0.77 | 2.65 | 6.70 | |||
| PMT-PB | 0.31 | 0.01 | (0.23) | 0.55 | 0.37 | 0.69 | 2.19 | |||
| MITT-PA | 0.54 | 0.04 | (0.06) | 0.27 | 0.54 | 1.35 | 3.31 | |||
| IVR-PC | 0.52 | (0.03) | (0.14) | (0.05) | 0.78 | 1.33 | 3.76 | |||
| CIM-PC | 0.52 | 0.09 | (0.01) | 0.69 | 0.52 | 1.13 | 3.71 | |||
| CIM-PA | 0.55 | 0.07 | (0.06) | (9.11) | 0.66 | 1.14 | 4.52 | |||
| PMT-PA | 0.47 | 0.00 | (0.18) | 0.16 | 0.57 | 1.31 | 3.79 | |||
| TWO-PB | 0.46 | 0.01 | (0.19) | (0.23) | 0.54 | 1.01 | 3.31 | |||
| MITT-PC | 0.20 | 0.07 | (0.24) | (0.81) | 0.00 | 0.61 | 1.20 | |||
| CIM-PD | 0.25 | 0.04 | (0.22) | 7.18 | 0.20 | 0.57 | 1.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Two Harbors without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Two Harbors Corporate Management
| Corey Stolhammer | Associate Relations | Profile | |
| Paulenier Sims | Director Relations | Profile | |
| Jason Vinar | VP Operations | Profile | |
| Robert Rush | VP Officer | Profile | |
| Alecia Hanson | VP Officer | Profile | |
| Sheila Lichty | VP Treasurer | Profile | |
| William Greenberg | CEO Pres | Profile |