Velocity Financial Correlations

VEL Stock

USD 18.86 0.06 0.32%

The current 90-days correlation between Velocity Financial Llc and Guild Holdings Co is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Velocity Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Velocity Financial Llc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Velocity Financial Correlation With Market

Average diversification

The correlation between Velocity Financial Llc and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Velocity Financial Llc 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 Velocity Financial Llc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against Velocity Stock

0.74	C	Citigroup Aggressive Push	Pair Corr
0.68	CNF	CNFinance Holdings	Pair Corr
0.65	COF	Capital One Financial	Pair Corr
0.64	DFS	Discover Financial	Pair Corr
0.58	BBDC	Barings BDC	Pair Corr
0.55	ALLY	Ally Financial Normal Trading	Pair Corr
0.54	COOP	Mr Cooper Group	Pair Corr
0.49	V	Visa Class A	Pair Corr
0.47	MA	Mastercard	Pair Corr
0.45	GDST	Goldenstone Acquisition	Pair Corr
0.41	AXP	American Express	Pair Corr
0.36	AB	AllianceBernstein	Pair Corr
0.35	SNFCA	Security National Earnings Call This Week	Pair Corr
0.32	AC	Associated Capital	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.59	BK	Bank of New York	Pair Corr
0.59	MS	Morgan Stanley	Pair Corr
0.58	GL	Globe Life	Pair Corr
0.53	NU	Nu Holdings	Pair Corr
0.49	PT	Pintec Technology	Pair Corr
0.44	QD	Qudian Inc	Pair Corr
0.4	BN	Brookfield Corp	Pair Corr
0.33	CG	Carlyle Group Normal Trading	Pair Corr
0.33	PX	P10 Inc	Pair Corr
0.32	PB	Prosperity Bancshares	Pair Corr
0.31	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	GHLD	OCN	COOP	ECPG	CNF	HMPT	SNFCA	PFSI	UWMC
GHLD		0.0	-0.6	-0.32	-0.73	0.0	-0.39	-0.3	-0.56	GHLD
OCN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OCN
COOP	-0.6	0.0		-0.07	0.44	0.0	0.73	0.34	0.91	COOP
ECPG	-0.32	0.0	-0.07		0.57	0.0	0.2	0.49	0.04	ECPG
CNF	-0.73	0.0	0.44	0.57		0.0	0.36	0.53	0.41	CNF
HMPT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
SNFCA	-0.39	0.0	0.73	0.2	0.36	0.0		0.33	0.7	SNFCA
PFSI	-0.3	0.0	0.34	0.49	0.53	0.0	0.33		0.41	PFSI
UWMC	-0.56	0.0	0.91	0.04	0.41	0.0	0.7	0.41		UWMC
	GHLD	OCN	COOP	ECPG	CNF	HMPT	SNFCA	PFSI	UWMC

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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

UWMC	+ 0.91	COOP
SNFCA	+ 0.73	COOP
UWMC	+ 0.7	SNFCA
CNF	+ 0.57	ECPG
PFSI	+ 0.53	CNF
PFSI	+ 0.49	ECPG

High negative correlations

CNF	- 0.73	GHLD
COOP	- 0.6	GHLD
UWMC	- 0.56	GHLD
SNFCA	- 0.39	GHLD
ECPG	- 0.32	GHLD
PFSI	- 0.3	GHLD

Risk-Adjusted Indicators

There is a big difference between Velocity Stock performing well and Velocity Financial 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 Velocity Financial'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
GHLD	1.97	0.23	0.11	0.21	1.97	(2.68)	4.72	(3.66)	13.33
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COOP	1.36	0.18	0.09	0.12	1.86	(1.34)	2.73	(2.56)	9.97
ECPG	1.83	(0.38)	0.00	(0.36)	0.00	0.00	2.78	(3.16)	25.24
CNF	3.94	0.03	0.02	0.08	4.96	(4.36)	9.76	(8.33)	29.27
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNFCA	1.37	0.05	0.04	0.01	1.87	(1.27)	2.92	(3.13)	8.29
PFSI	1.48	0.05	0.00	(0.03)	0.00	0.00	3.14	(3.32)	12.76
UWMC	2.05	0.13	0.04	0.03	2.44	(2.30)	4.53	(3.94)	12.98

Velocity Financial Corporate Management

Roland JD	General Officer	Profile
Graham Comley	Chief LLC	Profile
Dorika Beckett	Independent Director	Profile
Roland Kelly	General Officer	Profile
Joy Schaefer	Independent Director	Profile

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