Chicago Atlantic Correlations

REFI Stock

USD 16.11 0.02 0.12%

The current 90-days correlation between Chicago Atlantic Real and Ellington Residential Mortgage is 0.32 (i.e., Weak diversification). The correlation of Chicago Atlantic 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.

Chicago Atlantic Correlation With Market

Average diversification

The correlation between Chicago Atlantic Real and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chicago Atlantic Real 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 Chicago Atlantic Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Chicago Stock

0.64	V	Visa Class A	Pair Corr
0.76	DHIL	Diamond Hill Investment	Pair Corr
0.73	DIST	Distoken Acquisition	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.66	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.72	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.61	LC	LendingClub Corp	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.73	MC	Moelis	Pair Corr
0.63	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.63	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.75	WT	WisdomTree	Pair Corr
0.73	VCTR	Victory Capital Holdings	Pair Corr
0.83	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Chicago Stock

0.63	XP	Xp Inc	Pair Corr
0.35	PT	Pintec Technology	Pair Corr
0.47	ROCLU	Roth CH Acquisition	Pair Corr
0.36	BRACU	Broad Capital Acquisition	Pair Corr
0.32	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	KREF	EARN	CMTG	AJX	ACRE	RC	EFC	LFT	CHMI	BRMK
KREF		0.45	0.55	0.65	0.35	0.38	0.51	0.23	0.59	-0.78	KREF
EARN	0.45		0.22	0.57	0.22	0.47	0.69	0.3	0.42	-0.38	EARN
CMTG	0.55	0.22		0.63	0.6	0.82	0.74	-0.26	0.34	-0.41	CMTG
AJX	0.65	0.57	0.63		0.32	0.48	0.76	-0.04	0.55	-0.68	AJX
ACRE	0.35	0.22	0.6	0.32		0.57	0.48	0.24	-0.28	-0.27	ACRE
RC	0.38	0.47	0.82	0.48	0.57		0.82	-0.24	0.27	-0.22	RC
EFC	0.51	0.69	0.74	0.76	0.48	0.82		-0.16	0.43	-0.41	EFC
LFT	0.23	0.3	-0.26	-0.04	0.24	-0.24	-0.16		-0.29	-0.1	LFT
CHMI	0.59	0.42	0.34	0.55	-0.28	0.27	0.43	-0.29		-0.59	CHMI
BRMK	-0.78	-0.38	-0.41	-0.68	-0.27	-0.22	-0.41	-0.1	-0.59		BRMK
	KREF	EARN	CMTG	AJX	ACRE	RC	EFC	LFT	CHMI	BRMK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RC	+ 0.82	CMTG
EFC	+ 0.82	RC
EFC	+ 0.76	AJX
EFC	+ 0.74	CMTG
EFC	+ 0.69	EARN
AJX	+ 0.65	KREF

High negative correlations

BRMK	- 0.78	KREF
BRMK	- 0.68	AJX
BRMK	- 0.59	CHMI
BRMK	- 0.41	EFC
BRMK	- 0.41	CMTG
BRMK	- 0.38	EARN

Risk-Adjusted Indicators

There is a big difference between Chicago Stock performing well and Chicago Atlantic 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 Chicago Atlantic'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
KREF	1.00	(0.06)	(0.08)	0.03	1.30	(1.06)	1.66	(2.34)	8.63
EARN	0.85	(0.03)	0.00	(0.06)	0.00	0.00	1.88	(1.85)	5.24
CMTG	2.16	(0.43)	0.00	(0.11)	0.00	0.00	3.95	(6.31)	15.73
AJX	1.40	(0.10)	0.00	(0.08)	0.00	0.00	3.24	(2.56)	15.38
ACRE	1.38	(0.02)	(0.02)	0.10	1.67	(1.52)	2.72	(2.67)	13.22
RC	1.25	(0.24)	0.00	(0.10)	0.00	0.00	2.95	(2.57)	8.18
EFC	0.65	(0.10)	0.00	(0.18)	0.00	0.00	0.97	(1.16)	4.21
LFT	1.40	0.13	0.01	0.57	1.97	(1.53)	3.36	(2.86)	12.43
CHMI	1.17	(0.36)	0.00	(0.69)	0.00	0.00	1.96	(2.45)	12.10
BRMK	1.63	0.07	0.00	0.05	0.00	0.00	3.02	(4.08)	8.68

Chicago Atlantic Corporate Management

Phillip Silverman	Company CFO	Profile
John Mazarakis	LLC Manager	Profile
Anthony Cappell	LLC Manager	Profile
Peter Sack	LLC Manager	Profile
David Kite	LLC Manager	Profile

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