PennyMac Finl Correlations

PFSI Stock

USD 106.87 0.51 0.48%

The current 90-days correlation between PennyMac Finl Svcs and Ocwen Financial is 0.14 (i.e., Average diversification). The correlation of PennyMac Finl 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.

PennyMac Finl Correlation With Market

Modest diversification

The correlation between PennyMac Finl Svcs and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PennyMac Finl Svcs and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PennyMac Finl Svcs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with PennyMac Stock

0.73	RM	Regional Management Corp	Pair Corr
0.68	WU	Western Union	Pair Corr

Moving against PennyMac Stock

0.6	LC	LendingClub Corp	Pair Corr
0.55	AB	AllianceBernstein	Pair Corr
0.55	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.5	CG	Carlyle Group	Pair Corr
0.5	QD	Qudian Inc	Pair Corr
0.49	LX	Lexinfintech Holdings Trending	Pair Corr
0.49	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.45	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.44	AC	Associated Capital	Pair Corr
0.38	DIST	Distoken Acquisition	Pair Corr
0.38	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.35	MA	Mastercard	Pair Corr
0.31	BN	Brookfield Corp	Pair Corr
0.63	TETEU	Technology Telecommunicatio	Pair Corr
0.57	DYCQ	DT Cloud Acquisition	Pair Corr
0.54	VINP	Vinci Partners Inves	Pair Corr
0.42	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.42	VRTS	Virtus Investment	Pair Corr
0.39	TW	Tradeweb Markets	Pair Corr
0.38	WT	WisdomTree	Pair Corr

Related Correlations Analysis

	HMPT	OCN	ECPG	GHI	GHLD	SNFCA	TBCRF	CNF
HMPT		0.26	-0.19	-0.38	-0.54	0.55	0.0	0.34	HMPT
OCN	0.26		0.38	-0.59	-0.74	0.76	-0.52	-0.28	OCN
ECPG	-0.19	0.38		-0.41	-0.21	0.28	-0.42	-0.53	ECPG
GHI	-0.38	-0.59	-0.41		0.76	-0.71	0.64	0.39	GHI
GHLD	-0.54	-0.74	-0.21	0.76		-0.81	0.56	0.07	GHLD
SNFCA	0.55	0.76	0.28	-0.71	-0.81		-0.46	-0.15	SNFCA
TBCRF	0.0	-0.52	-0.42	0.64	0.56	-0.46		0.4	TBCRF
CNF	0.34	-0.28	-0.53	0.39	0.07	-0.15	0.4		CNF
	HMPT	OCN	ECPG	GHI	GHLD	SNFCA	TBCRF	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

SNFCA	+ 0.76	OCN
GHLD	+ 0.76	GHI
TBCRF	+ 0.64	GHI
TBCRF	+ 0.56	GHLD
SNFCA	+ 0.55	HMPT
CNF	+ 0.4	TBCRF

High negative correlations

SNFCA	- 0.81	GHLD
GHLD	- 0.74	OCN
SNFCA	- 0.71	GHI
GHI	- 0.59	OCN
GHLD	- 0.54	HMPT
CNF	- 0.53	ECPG

Risk-Adjusted Indicators

There is a big difference between PennyMac Stock performing well and PennyMac Finl 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 PennyMac Finl'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
HMPT	1.32	0.27	0.10	0.68	1.31	(2.40)	4.55	(2.60)	19.28
OCN	1.90	0.25	0.06	2.56	2.40	(2.05)	4.38	(3.44)	20.86
ECPG	1.32	(0.15)	0.00	(0.01)	0.00	0.00	2.57	(2.42)	9.26
GHI	1.29	(0.24)	0.00	6.85	0.00	0.00	2.09	(2.81)	11.65
GHLD	1.59	(0.28)	0.00	1.06	0.00	0.00	3.57	(3.77)	11.75
SNFCA	1.18	0.54	0.31	0.89	0.70	(1.52)	2.81	(1.54)	11.74
TBCRF	1.49	(0.13)	(0.04)	0.00	2.41	(2.14)	4.40	(4.04)	18.32
CNF	6.22	0.05	0.00	0.19	7.26	(8.03)	20.00	(13.95)	78.29

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