Regional Management Correlations

RM Stock

USD 30.53 0.31 1.01%

The current 90-days correlation between Regional Management Corp and Atlanticus Holdings is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Regional Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Regional Management Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Regional Management Correlation With Market

Poor diversification

The correlation between Regional Management Corp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Management Corp 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 Regional Management Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Regional Stock

0.81	RC	Ready Capital Corp	Pair Corr
0.7	WU	Western Union Sell-off Trend	Pair Corr
0.65	BRKHU	BurTech Acquisition Corp	Pair Corr

Moving against Regional Stock

0.58	DYCQ	DT Cloud Acquisition	Pair Corr
0.49	MA	Mastercard	Pair Corr
0.46	DIST	Distoken Acquisition	Pair Corr
0.39	TETEU	Technology Telecommunicatio	Pair Corr
0.36	GCMGW	GCM Grosvenor	Pair Corr
0.34	V	Visa Class A	Pair Corr
0.7	WAVS	Western Acquisition	Pair Corr
0.67	ESHA	ESH Acquisition Corp	Pair Corr
0.66	ANSCW	Agriculture Natural	Pair Corr
0.64	EVGR	Evergreen Corp	Pair Corr
0.55	EMCG	Embrace Change Acqui	Pair Corr
0.54	DISTR	Distoken Acquisition	Pair Corr
0.68	WAVSU	Western Acquisition	Pair Corr
0.54	WULF	Terawulf Buyout Trend	Pair Corr
0.45	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.4	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	QFIN	ATLC	QD	ENVA	LC	FINV	YRD	NAVI	SNTG
QFIN		0.62	0.88	0.63	0.72	0.86	0.61	-0.42	0.0	QFIN
ATLC	0.62		0.79	0.94	0.89	0.47	0.05	-0.24	-0.64	ATLC
QD	0.88	0.79		0.78	0.82	0.76	0.42	-0.45	-0.21	QD
ENVA	0.63	0.94	0.78		0.95	0.47	0.16	-0.22	-0.62	ENVA
LC	0.72	0.89	0.82	0.95		0.47	0.18	-0.33	-0.56	LC
FINV	0.86	0.47	0.76	0.47	0.47		0.79	-0.33	0.14	FINV
YRD	0.61	0.05	0.42	0.16	0.18	0.79		-0.26	0.37	YRD
NAVI	-0.42	-0.24	-0.45	-0.22	-0.33	-0.33	-0.26		0.02	NAVI
SNTG	0.0	-0.64	-0.21	-0.62	-0.56	0.14	0.37	0.02		SNTG
	QFIN	ATLC	QD	ENVA	LC	FINV	YRD	NAVI	SNTG

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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

LC	+ 0.95	ENVA
ENVA	+ 0.94	ATLC
LC	+ 0.89	ATLC
QD	+ 0.88	QFIN
FINV	+ 0.86	QFIN
LC	+ 0.82	QD

High negative correlations

SNTG	- 0.64	ATLC
SNTG	- 0.62	ENVA
SNTG	- 0.56	LC
NAVI	- 0.45	QD
NAVI	- 0.42	QFIN
NAVI	- 0.33	FINV

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional Management 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 Regional Management'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
QFIN	2.67	0.60	0.21	1.06	2.39	(3.26)	6.30	(4.25)	13.28
ATLC	1.85	0.56	0.34	0.41	1.30	(2.27)	5.83	(2.04)	11.47
QD	3.10	0.91	0.29	2.32	2.25	(4.02)	6.93	(4.04)	33.52
ENVA	1.67	0.11	0.14	0.18	1.59	(2.00)	3.02	(3.16)	13.01
LC	2.35	0.28	0.18	0.25	1.97	(2.67)	5.23	(3.31)	15.07
FINV	1.97	0.40	0.13	0.83	2.21	(2.12)	5.23	(4.60)	13.22
YRD	3.93	0.38	0.04	(2.01)	5.24	(4.41)	10.82	(6.80)	46.34
NAVI	1.60	(0.28)	0.00	(0.02)	0.00	0.00	2.95	(3.50)	13.67
SNTG	2.44	0.05	(0.04)	(0.01)	2.69	(3.36)	5.91	(4.78)	21.33

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