Upstart Holdings Correlations

UPST Stock

USD 51.96 2.26 4.55%

The current 90-days correlation between Upstart Holdings and Ally Financial is 0.41 (i.e., Very weak diversification). The correlation of Upstart Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Upstart Holdings Correlation With Market

Weak diversification

The correlation between Upstart Holdings and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upstart Holdings 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 Upstart Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Upstart Stock please use our How to Invest in Upstart Holdings guide.

Moving together with Upstart Stock

0.74	ECPG	Encore Capital Group	Pair Corr
0.65	AXP	American Express	Pair Corr
0.61	COF	Capital One Financial	Pair Corr
0.62	SYF	Synchrony Financial	Pair Corr
0.71	SOFI	SoFi Technologies	Pair Corr
0.66	AC	Associated Capital	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.88	BY	Byline Bancorp	Pair Corr
0.7	CM	Canadian Imperial Bank	Pair Corr
0.61	FG	FG Annuities Life	Pair Corr
0.64	GS	Goldman Sachs Group	Pair Corr

Moving against Upstart Stock

0.53	RENEW	Cartesian Growth	Pair Corr
0.4	L	Loews Corp	Pair Corr
0.35	AB	AllianceBernstein	Pair Corr
0.66	HG	Hamilton Insurance Group,	Pair Corr
0.61	CB	Chubb	Pair Corr
0.5	TW	Tradeweb Markets	Pair Corr
0.49	DB	Deutsche Bank AG	Pair Corr
0.44	EG	Everest Group	Pair Corr
0.34	LX	Lexinfintech Holdings	Pair Corr
0.31	GL	Globe Life	Pair Corr

Related Correlations Analysis

	SOFI	V	MA	AXP	PYPL	COF	ALLY
SOFI		-0.21	0.06	0.89	0.82	0.63	0.71	SOFI
V	-0.21		0.93	0.0	-0.64	0.51	0.38	V
MA	0.06	0.93		0.28	-0.38	0.69	0.56	MA
AXP	0.89	0.0	0.28		0.71	0.82	0.81	AXP
PYPL	0.82	-0.64	-0.38	0.71		0.25	0.37	PYPL
COF	0.63	0.51	0.69	0.82	0.25		0.91	COF
ALLY	0.71	0.38	0.56	0.81	0.37	0.91		ALLY
	SOFI	V	MA	AXP	PYPL	COF	ALLY

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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

MA	+ 0.93	V
ALLY	+ 0.91	COF
AXP	+ 0.89	SOFI
PYPL	+ 0.82	SOFI
COF	+ 0.82	AXP
ALLY	+ 0.81	AXP

High negative correlations

PYPL	- 0.64	V
PYPL	- 0.38	MA
V	- 0.21	SOFI
AXP	- 0.0	V

Risk-Adjusted Indicators

There is a big difference between Upstart Stock performing well and Upstart Holdings 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 Upstart Holdings' 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
SOFI	3.38	(0.10)	0.00	(0.11)	0.00	0.00	6.53	(8.25)	19.68
V	0.82	0.15	0.13	0.13	1.10	(0.82)	1.65	(2.42)	5.06
MA	0.85	0.08	0.07	0.02	1.19	(0.85)	2.03	(2.08)	6.59
AXP	1.26	(0.07)	0.00	(0.12)	0.00	0.00	2.30	(3.15)	8.33
PYPL	1.73	(0.29)	0.00	(0.30)	0.00	0.00	3.05	(3.45)	16.97
COF	1.67	0.03	0.00	(0.05)	0.00	0.00	3.23	(3.85)	9.74
ALLY	1.49	0.07	0.00	(0.02)	0.00	0.00	3.30	(3.67)	10.23

Upstart Holdings Corporate Management

David Girouard	President, CoFounder	Profile
Pavi Ramamurthy	Chief Officer	Profile
Natalia Mirgorodskaya	Corporate Controller	Profile
Sanjay CFA	Chief Officer	Profile
Alice Berry	Senior Treasury	Profile
Anna Counselman	CoFounder Operations	Profile
Alison Nicoll	G Sec	Profile

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