Walker Dunlop Correlations

WD Stock

USD 86.93 1.20 1.40%

The current 90-days correlation between Walker Dunlop and Mr Cooper Group is 0.5 (i.e., Very weak diversification). The correlation of Walker Dunlop 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.

Walker Dunlop Correlation With Market

Very weak diversification

The correlation between Walker Dunlop and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walker Dunlop and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walker Dunlop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Walker Stock refer to our How to Trade Walker Stock guide.

Moving together with Walker Stock

0.8	DHIL	Diamond Hill Investment	Pair Corr
0.8	ABR	Arbor Realty Trust	Pair Corr
0.78	PYPL	PayPal Holdings	Pair Corr
0.63	BY	Byline Bancorp	Pair Corr
0.74	CM	Canadian Imperial Bank	Pair Corr

Moving against Walker Stock

0.75	TWO	Two Harbors Investments	Pair Corr
0.71	ORC	Orchid Island Capital	Pair Corr
0.69	PT	Pintec Technology	Pair Corr
0.6	V	Visa Class A	Pair Corr
0.6	IVR	Invesco Mortgage Capital	Pair Corr
0.54	COOP	Mr Cooper Group	Pair Corr
0.51	BBUC	Brookfield Business Corp	Pair Corr
0.35	RILYT	B Riley Financial	Pair Corr
0.33	MA	Mastercard	Pair Corr
0.72	TD	Toronto Dominion Bank	Pair Corr
0.34	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	COOP	OCN	VEL	SNFCA	ECPG	HMPT	PFSI	TBCRF	GHLD	CNF
COOP		0.0	-0.56	0.66	-0.03	0.0	0.31	-0.06	-0.69	0.45	COOP
OCN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OCN
VEL	-0.56	0.0		-0.22	-0.19	0.0	-0.46	-0.4	0.75	-0.75	VEL
SNFCA	0.66	0.0	-0.22		0.29	0.0	0.19	0.02	-0.42	0.3	SNFCA
ECPG	-0.03	0.0	-0.19	0.29		0.0	0.45	0.63	-0.28	0.53	ECPG
HMPT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HMPT
PFSI	0.31	0.0	-0.46	0.19	0.45	0.0		0.49	-0.33	0.58	PFSI
TBCRF	-0.06	0.0	-0.4	0.02	0.63	0.0	0.49		-0.08	0.5	TBCRF
GHLD	-0.69	0.0	0.75	-0.42	-0.28	0.0	-0.33	-0.08		-0.73	GHLD
CNF	0.45	0.0	-0.75	0.3	0.53	0.0	0.58	0.5	-0.73		CNF
	COOP	OCN	VEL	SNFCA	ECPG	HMPT	PFSI	TBCRF	GHLD	CNF

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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

GHLD	+ 0.75	VEL
SNFCA	+ 0.66	COOP
TBCRF	+ 0.63	ECPG
CNF	+ 0.58	PFSI
CNF	+ 0.53	ECPG
CNF	+ 0.5	TBCRF

High negative correlations

CNF	- 0.75	VEL
CNF	- 0.73	GHLD
GHLD	- 0.69	COOP
VEL	- 0.56	COOP
PFSI	- 0.46	VEL
GHLD	- 0.42	SNFCA

Risk-Adjusted Indicators

There is a big difference between Walker Stock performing well and Walker Dunlop 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 Walker Dunlop'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
COOP	1.35	0.19	0.10	0.13	1.85	(1.33)	2.73	(2.56)	9.97
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VEL	0.93	(0.10)	0.00	(0.51)	0.00	0.00	1.37	(2.05)	10.96
SNFCA	1.37	0.01	0.00	(0.06)	0.00	0.00	2.92	(3.13)	8.29
ECPG	1.81	(0.52)	0.00	1.63	0.00	0.00	2.78	(3.16)	25.24
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFSI	1.46	(0.02)	0.00	0.42	0.00	0.00	3.14	(2.93)	12.76
TBCRF	0.91	(0.10)	0.00	(0.79)	0.00	0.00	2.07	(3.98)	9.43
GHLD	1.84	(0.01)	0.03	0.02	2.13	(2.41)	3.78	(3.66)	12.20
CNF	3.98	0.09	0.02	0.02	5.11	(4.30)	9.76	(8.33)	29.27

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