Orix Corp Correlations

IX Stock

USD 112.82 4.86 4.50%

The current 90-days correlation between Orix Corp Ads and Federal Agricultural Mortgage is 0.12 (i.e., Average diversification). The correlation of Orix Corp 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.

Orix Corp Correlation With Market

Weak diversification

The correlation between Orix Corp Ads and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orix Corp Ads and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Orix Corp Ads. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving against Orix Stock

0.86	AC	Associated Capital	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.84	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.78	VOYA	Voya Financial	Pair Corr
0.75	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.62	C	Citigroup Aggressive Push	Pair Corr
0.61	DIST	Distoken Acquisition	Pair Corr
0.5	V	Visa Class A	Pair Corr
0.4	AX	Axos Financial	Pair Corr
0.38	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.35	L	Loews Corp	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.78	LX	Lexinfintech Holdings Trending	Pair Corr
0.78	MA	Mastercard	Pair Corr
0.78	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.77	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.72	LC	LendingClub Corp	Pair Corr
0.71	KB	KB Financial Group	Pair Corr
0.6	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.55	GL	Globe Life	Pair Corr
0.46	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.45	DB	Deutsche Bank AG	Pair Corr
0.44	MC	Moelis	Pair Corr
0.84	VALU	Value Line	Pair Corr
0.83	TW	Tradeweb Markets	Pair Corr
0.79	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.75	QD	Qudian Inc	Pair Corr

Related Correlations Analysis

	AGM-A	ATLCP	NNI	EZPW	SLM	NAVI	ENVA	SLMBP	ASFZ
AGM-A		0.29	-0.17	0.17	0.32	-0.34	0.28	-0.38	0.01	AGM-A
ATLCP	0.29		-0.49	0.62	0.79	-0.35	0.86	-0.04	0.25	ATLCP
NNI	-0.17	-0.49		-0.24	-0.26	0.23	-0.2	-0.04	-0.11	NNI
EZPW	0.17	0.62	-0.24		0.73	-0.02	0.77	-0.43	-0.08	EZPW
SLM	0.32	0.79	-0.26	0.73		-0.05	0.88	-0.2	0.14	SLM
NAVI	-0.34	-0.35	0.23	-0.02	-0.05		-0.22	0.32	-0.29	NAVI
ENVA	0.28	0.86	-0.2	0.77	0.88	-0.22		-0.27	0.1	ENVA
SLMBP	-0.38	-0.04	-0.04	-0.43	-0.2	0.32	-0.27		0.03	SLMBP
ASFZ	0.01	0.25	-0.11	-0.08	0.14	-0.29	0.1	0.03		ASFZ
	AGM-A	ATLCP	NNI	EZPW	SLM	NAVI	ENVA	SLMBP	ASFZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ENVA	+ 0.88	SLM
ENVA	+ 0.86	ATLCP
SLM	+ 0.79	ATLCP
ENVA	+ 0.77	EZPW
SLM	+ 0.73	EZPW
EZPW	+ 0.62	ATLCP

High negative correlations

NNI	- 0.49	ATLCP
SLMBP	- 0.43	EZPW
SLMBP	- 0.38	AGM-A
NAVI	- 0.35	ATLCP
NAVI	- 0.34	AGM-A
ASFZ	- 0.29	NAVI

Risk-Adjusted Indicators

There is a big difference between Orix Stock performing well and Orix Corp 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 Orix Corp'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
AGM-A	1.17	0.35	0.16	10.57	0.61	(2.18)	3.43	(1.81)	12.97
ATLCP	0.47	0.09	(0.05)	1.10	0.31	(0.60)	1.24	(0.87)	2.71
NNI	1.10	(0.23)	0.00	(0.04)	0.00	0.00	1.71	(2.08)	15.36
EZPW	1.28	0.04	0.00	0.18	1.31	(1.51)	3.56	(2.54)	6.51
SLM	1.70	0.11	0.15	0.18	1.44	(2.02)	3.71	(2.59)	15.03
NAVI	1.60	(0.28)	0.00	(0.02)	0.00	0.00	2.95	(3.50)	13.67
ENVA	1.67	0.11	0.14	0.18	1.59	(2.00)	3.02	(3.16)	13.01
SLMBP	0.32	(0.01)	(0.18)	0.01	0.65	(0.28)	0.75	(0.46)	3.53
ASFZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC