B Riley Correlations

Stocks . USA . 
Stock . B Riley Financial
RILYK Stock  USD 20.51  0.59  2.96%   
The current 90-days correlation between B Riley Financial and B Riley Financial is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B Riley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Riley Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

B Riley Correlation With Market

Modest diversification

The correlation between B Riley Financial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B Riley Financial 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 B Riley Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with RILYK Stock

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  0.82LC LendingClub CorpPairCorr
  0.61LX Lexinfintech Holdings TrendingPairCorr
  0.84MA MastercardPairCorr
  0.74MC MoelisPairCorr
  0.82MS Morgan Stanley Fiscal Year End 21st of January 2025 PairCorr
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  0.76QD Qudian IncPairCorr
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  0.81WT WisdomTreePairCorr
  0.83VCTR Victory Capital HoldingsPairCorr
  0.7VIRT Virtu Financial Fiscal Year End 23rd of January 2025 PairCorr
  0.7DYCQ DT Cloud AcquisitionPairCorr

Moving against RILYK Stock

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  0.45RC Ready Capital CorpPairCorr
  0.43RM Regional Management CorpPairCorr
  0.8BRKHU BurTech Acquisition CorpPairCorr
  0.56BRACU Broad Capital AcquisitionPairCorr
  0.46PFTAW Portage Fintech AcquPairCorr
  0.44PWUPW PowerUp Acquisition CorpPairCorr
  0.42PWUPU PowerUp Acquisition CorpPairCorr
  0.39EMCGU Embrace Change AcquiPairCorr
  0.37PFTAU Portage Fintech AcquPairCorr

Related Correlations Analysis

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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   
RILYZ
+ 0.91
RILYT
RILYN
+ 0.89
RILYT
RILYN
+ 0.74
RILYZ
RILYZ
+ 0.67
RILYM
RILYO
+ 0.49
RILYM
RILYO
+ 0.48
RILYZ
  
High negative correlations   
RILYO
- 0.02
RILYN

Risk-Adjusted Indicators

There is a big difference between RILYK Stock performing well and B Riley 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 B Riley'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.

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