SLM Corp Correlations

SLM Stock

USD 27.20 0.22 0.80%

The current 90-days correlation between SLM Corp and FirstCash is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SLM Corp Correlation With Market

Poor diversification

The correlation between SLM Corp and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SLM Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SLM 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 bureau of economic analysis.

To learn how to invest in SLM Stock, please use our How to Invest in SLM Corp guide.

Moving together with SLM Stock

0.71	V	Visa Class A	Pair Corr
0.77	DHIL	Diamond Hill Investment	Pair Corr
0.67	AC	Associated Capital	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.79	CG	Carlyle Group	Pair Corr
0.85	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.8	LC	LendingClub Corp	Pair Corr
0.66	LX	Lexinfintech Holdings Trending	Pair Corr
0.79	MA	Mastercard	Pair Corr
0.82	MC	Moelis	Pair Corr
0.82	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.93	PX	P10 Inc	Pair Corr
0.73	QD	Qudian Inc	Pair Corr
0.83	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.74	TW	Tradeweb Markets	Pair Corr
0.87	WT	WisdomTree	Pair Corr
0.89	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.83	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.85	VRTS	Virtus Investment	Pair Corr
0.87	ENVA	Enova International	Pair Corr
0.68	EZPW	EZCORP Inc	Pair Corr
0.63	WULF	Terawulf Buyout Trend	Pair Corr
0.81	FDUS	Fidus Investment Corp	Pair Corr

Moving against SLM Stock

0.76	XP	Xp Inc Downward Rally	Pair Corr
0.48	WU	Western Union	Pair Corr
0.44	PT	Pintec Technology	Pair Corr
0.54	ORGN	Origin Materials	Pair Corr
0.53	FCFS	FirstCash	Pair Corr

Related Correlations Analysis

	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	AGM	SLMBP	AGM-A
IX		0.87	-0.83	-0.13	-0.45	0.58	-0.62	-0.33	0.64	-0.33	IX
FCFS	0.87		-0.85	-0.28	-0.48	0.71	-0.67	-0.44	0.58	-0.41	FCFS
MFIN	-0.83	-0.85		0.45	0.65	-0.49	0.88	0.72	-0.5	0.35	MFIN
OPRT	-0.13	-0.28	0.45		0.66	0.03	0.73	0.78	0.06	0.07	OPRT
EZPW	-0.45	-0.48	0.65	0.66		-0.03	0.74	0.72	-0.46	0.21	EZPW
NAVI	0.58	0.71	-0.49	0.03	-0.03		-0.24	-0.04	0.31	-0.32	NAVI
ENVA	-0.62	-0.67	0.88	0.73	0.74	-0.24		0.92	-0.28	0.28	ENVA
AGM	-0.33	-0.44	0.72	0.78	0.72	-0.04	0.92		-0.15	0.23	AGM
SLMBP	0.64	0.58	-0.5	0.06	-0.46	0.31	-0.28	-0.15		-0.29	SLMBP
AGM-A	-0.33	-0.41	0.35	0.07	0.21	-0.32	0.28	0.23	-0.29		AGM-A
	IX	FCFS	MFIN	OPRT	EZPW	NAVI	ENVA	AGM	SLMBP	AGM-A

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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

AGM	+ 0.92	ENVA
ENVA	+ 0.88	MFIN
FCFS	+ 0.87	IX
AGM	+ 0.78	OPRT
ENVA	+ 0.74	EZPW
ENVA	+ 0.73	OPRT

High negative correlations

MFIN	- 0.85	FCFS
MFIN	- 0.83	IX
ENVA	- 0.67	FCFS
ENVA	- 0.62	IX
SLMBP	- 0.5	MFIN
NAVI	- 0.49	MFIN

Risk-Adjusted Indicators

There is a big difference between SLM Stock performing well and SLM 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 SLM 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
IX	1.08	(0.28)	0.00	(0.32)	0.00	0.00	2.10	(2.89)	7.11
FCFS	1.16	(0.20)	0.00	(0.10)	0.00	0.00	2.52	(2.42)	9.46
MFIN	1.11	0.16	0.11	0.26	1.15	(1.26)	2.72	(2.53)	7.31
OPRT	3.31	0.25	0.11	0.23	3.03	(3.91)	9.49	(5.05)	16.16
EZPW	1.27	0.03	0.00	0.15	1.30	(1.52)	3.56	(2.54)	6.51
NAVI	1.61	(0.25)	0.00	(0.02)	0.00	0.00	2.95	(3.50)	13.67
ENVA	1.66	0.14	0.15	0.18	1.59	(1.95)	3.02	(3.16)	13.01
AGM	1.27	(0.07)	0.02	0.08	1.24	(1.46)	2.86	(2.24)	12.03
SLMBP	0.33	(0.01)	(0.16)	0.04	0.65	(0.29)	0.75	(0.46)	3.53
AGM-A	1.12	0.31	0.14	10.23	0.64	(2.06)	3.43	(1.81)	12.97

SLM Corp Corporate Management

Munish Pahwa	Chief VP	Profile
Richard Nelson	Chief VP	Profile
Daniel Kennedy	Ex COO	Profile
Brian Cronin	VP Relations	Profile
William Wolf	Executive Officer	Profile
Tim Morrison	Sr Relations	Profile

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