Eagle Point Correlations

ECCF Stock

24.87 0.04 0.16%

The current 90-days correlation between Eagle Point Credit and Prospect Capital is 0.13 (i.e., Average diversification). The correlation of Eagle Point 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.

Eagle Point Correlation With Market

Modest diversification

The correlation between Eagle Point Credit and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Eagle Stock

0.82	OCCIN	OFS Credit	Pair Corr
0.74	ATCO-PD	Atlas Corp	Pair Corr
0.75	ATCO-PH	Atlas Corp	Pair Corr
0.89	APO-PA	Apollo Global Management	Pair Corr
0.89	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.79	L	Loews Corp	Pair Corr
0.85	V	Visa Class A	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.76	AX	Axos Financial	Pair Corr
0.79	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.79	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.81	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.69	CG	Carlyle Group	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr

Moving against Eagle Stock

0.87	OAK-PA	Oaktree Capital Group	Pair Corr
0.85	NTRSO	Northern Trust	Pair Corr
0.81	GGN-PB	GAMCO Global Gold	Pair Corr
0.77	OAK-PB	Oaktree Capital Group	Pair Corr
0.59	STT-PG	State Street	Pair Corr
0.58	PFG	Principal Financial	Pair Corr
0.31	PSEC-PA	Prospect Capital	Pair Corr
0.87	SVVC	Firsthand Technology	Pair Corr
0.7	GGT-PE	The Gabelli Multimedia	Pair Corr
0.63	CNVT	CVF Technologies	Pair Corr
0.43	ECF-PA	Ellsworth Growth	Pair Corr
0.52	LU	Lufax Holding	Pair Corr
0.51	EG	Everest Group	Pair Corr
0.5	CB	Chubb	Pair Corr

Related Correlations Analysis

	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	GECCO	ATCO-PD	ATCO-PH	INV	PFG
PSEC-PA		0.6	-0.24	-0.25	-0.26	-0.31	-0.2	-0.33	0.03	0.59	PSEC-PA
STT-PG	0.6		-0.52	-0.41	-0.3	-0.64	-0.34	-0.32	-0.39	0.77	STT-PG
OCCIM	-0.24	-0.52		0.37	0.15	0.22	0.35	0.33	0.04	-0.5	OCCIM
OCCIN	-0.25	-0.41	0.37		0.71	0.44	0.69	0.76	0.09	-0.39	OCCIN
OCCIO	-0.26	-0.3	0.15	0.71		0.47	0.59	0.66	0.07	-0.31	OCCIO
GECCO	-0.31	-0.64	0.22	0.44	0.47		0.54	0.37	0.52	-0.6	GECCO
ATCO-PD	-0.2	-0.34	0.35	0.69	0.59	0.54		0.77	0.24	-0.35	ATCO-PD
ATCO-PH	-0.33	-0.32	0.33	0.76	0.66	0.37	0.77		-0.04	-0.37	ATCO-PH
INV	0.03	-0.39	0.04	0.09	0.07	0.52	0.24	-0.04		-0.38	INV
PFG	0.59	0.77	-0.5	-0.39	-0.31	-0.6	-0.35	-0.37	-0.38		PFG
	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	GECCO	ATCO-PD	ATCO-PH	INV	PFG

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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

PFG	+ 0.77	STT-PG
ATCO-PH	+ 0.77	ATCO-PD
ATCO-PH	+ 0.76	OCCIN
OCCIO	+ 0.71	OCCIN
ATCO-PD	+ 0.69	OCCIN
ATCO-PH	+ 0.66	OCCIO

High negative correlations

GECCO	- 0.64	STT-PG
PFG	- 0.6	GECCO
OCCIM	- 0.52	STT-PG
PFG	- 0.5	OCCIM
OCCIN	- 0.41	STT-PG
PFG	- 0.39	OCCIN

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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
PSEC-PA	1.39	(0.17)	0.00	(0.42)	0.00	0.00	3.17	(3.44)	10.33
STT-PG	0.38	(0.08)	0.00	(0.96)	0.00	0.00	0.66	(0.79)	2.92
OCCIM	0.21	0.04	0.05	(0.80)	0.00	(0.27)	0.52	(0.32)	1.09
OCCIN	0.24	0.02	0.00	(0.55)	0.24	(0.32)	0.60	(0.63)	1.64
OCCIO	0.38	0.02	0.01	0.33	0.39	(0.44)	0.99	(0.69)	2.53
GECCO	0.28	0.04	0.04	(0.78)	0.21	(0.49)	1.28	(0.65)	2.51
ATCO-PD	0.36	0.00	(0.04)	(0.15)	0.44	(0.39)	0.85	(0.75)	2.04
ATCO-PH	0.32	0.01	(0.03)	(1.38)	0.44	(0.32)	0.72	(0.83)	2.27
INV	4.78	0.48	0.08	1.42	5.09	(5.42)	12.77	(9.17)	34.95
PFG	0.99	(0.17)	0.00	(0.10)	0.00	0.00	2.07	(2.22)	9.84

Eagle Point Corporate Executives

Elected by the shareholders, the Eagle Point's board of directors comprises two types of representatives: Eagle Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eagle. The board's role is to monitor Eagle Point's management team and ensure that shareholders' interests are well served. Eagle Point's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eagle Point's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kenneth CPA

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