Dynex Capital Correlations
| DX-PC Preferred Stock | USD 25.56 0.14 0.55% |
The current 90-days correlation between Dynex Capital and Two Harbors Investment is 0.18 (i.e., Average diversification). The correlation of Dynex Capital 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.
Dynex Capital Correlation With Market
Very good diversification
The correlation between Dynex Capital and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynex Capital and DJI in the same portfolio, assuming nothing else is changed.
Dynex |
The ability to find closely correlated positions to Dynex Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynex Capital 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 Dynex Capital - 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 Dynex Capital to buy it.
Moving together with Dynex Preferred Stock
| 0.66 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.67 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.68 | LFT-PA | Lument Finance Trust | PairCorr |
| 0.76 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.78 | GPMT | Granite Point Mortgage | PairCorr |
| 0.75 | TRTX-PC | TPG RE Finance | PairCorr |
| 0.81 | GPMT-PA | Granite Point Mortgage | PairCorr |
| 0.9 | ABR-PF | Arbor Realty Trust | PairCorr |
| 0.61 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.89 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.86 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.9 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.91 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.92 | NYMTL | New York Mortgage | PairCorr |
| 0.75 | NYMTM | New York Mortgage | PairCorr |
| 0.67 | ARR-PC | ARMOUR Residential REIT | PairCorr |
| 0.67 | TWO-PC | Two Harbors Investment | PairCorr |
Moving against Dynex Preferred Stock
| 0.49 | MITT | AG Mortgage Investment | PairCorr |
| 0.41 | IVR-PC | Invesco Mortgage Capital | PairCorr |
| 0.51 | NYMT | New York Mortgage | PairCorr |
Related Correlations Analysis
| 0.23 | 0.64 | 0.3 | 0.68 | ARR-PC | ||
| 0.23 | 0.82 | -0.01 | 0.27 | NLY-PI | ||
| 0.64 | 0.82 | 0.1 | 0.61 | AGNCO | ||
| 0.3 | -0.01 | 0.1 | 0.49 | TWO-PB | ||
| 0.68 | 0.27 | 0.61 | 0.49 | CIM-PA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dynex Preferred Stock performing well and Dynex Capital 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 Dynex Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARR-PC | 0.51 | 0.05 | (0.09) | 20.88 | 0.74 | 1.00 | 3.96 | |||
| NLY-PI | 0.26 | 0.03 | (0.22) | (1.27) | 0.31 | 0.58 | 1.84 | |||
| AGNCO | 0.19 | 0.04 | (0.34) | (4.72) | 0.05 | 0.48 | 1.52 | |||
| TWO-PB | 0.45 | (0.01) | 0.00 | 0.20 | 0.00 | 1.01 | 3.31 | |||
| CIM-PA | 0.55 | 0.08 | (0.07) | (7.61) | 0.65 | 1.14 | 4.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dynex Capital 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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Dynex Capital Corporate Management
| Jeffrey Childress | VP Controller | Profile | |
| Byron Boston | CoChief CEO | Profile | |
| Robert CPA | CFO VP | Profile | |
| Smriti CFA | Pres Officer | Profile | |
| Wayne Brockwell | VP Portfolio | Profile | |
| Alison Griffin | VP Relations | Profile |