Ally Financial Correlations

ALLY Stock

USD 37.19 1.66 4.67%

The current 90-days correlation between Ally Financial and Knife River is 0.34 (i.e., Weak diversification). The correlation of Ally Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ally Financial Correlation With Market

Very weak diversification

The correlation between Ally Financial and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ally Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ally 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 bureau of economic analysis.

For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.

Moving against Ally Stock

0.67	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.56	CB	Chubb	Pair Corr
0.47	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.44	DB	Deutsche Bank AG Sell-off Trend	Pair Corr
0.42	TW	Tradeweb Markets Normal Trading	Pair Corr
0.42	BX	Blackstone Group Normal Trading	Pair Corr
0.4	GL	Globe Life	Pair Corr
0.39	BN	Brookfield Corp	Pair Corr
0.38	AC	Associated Capital	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.35	CG	Carlyle Group	Pair Corr
0.33	FRHC	Freedom Holding Corp	Pair Corr
0.75	RJF-PB	Raymond James Financial	Pair Corr
0.69	RY	Royal Bank Fiscal Year End 5th of December 2024	Pair Corr
0.59	PSEC-PA	Prospect Capital	Pair Corr
0.51	MA	Mastercard	Pair Corr
0.49	VABK	Virginia National	Pair Corr
0.46	WD	Walker Dunlop	Pair Corr
0.42	PX	P10 Inc	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr
0.35	GCMGW	GCM Grosvenor	Pair Corr
0.34	QD	Qudian Inc	Pair Corr
0.34	VALU	Value Line	Pair Corr

Related Correlations Analysis

	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	MLGF	KNF
SCRYX		0.58	0.27	0.25	0.61	0.73	0.43	0.73	SCRYX
MSTSX	0.58		0.16	0.8	0.56	0.87	0.77	0.74	MSTSX
MURIX	0.27	0.16		0.02	-0.21	0.44	0.12	-0.03	MURIX
EPASX	0.25	0.8	0.02		0.39	0.53	0.58	0.43	EPASX
SVII	0.61	0.56	-0.21	0.39		0.5	0.49	0.73	SVII
VLSMX	0.73	0.87	0.44	0.53	0.5		0.69	0.72	VLSMX
MLGF	0.43	0.77	0.12	0.58	0.49	0.69		0.79	MLGF
KNF	0.73	0.74	-0.03	0.43	0.73	0.72	0.79		KNF
	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	MLGF	KNF

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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

VLSMX	+ 0.87	MSTSX
EPASX	+ 0.8	MSTSX
KNF	+ 0.79	MLGF
MLGF	+ 0.77	MSTSX
KNF	+ 0.74	MSTSX
VLSMX	+ 0.73	SCRYX

High negative correlations

SVII	- 0.21	MURIX
KNF	- 0.03	MURIX

Risk-Adjusted Indicators

There is a big difference between Ally Stock performing well and Ally Financial 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 Ally Financial'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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44
EPASX	0.77	0.01	(0.08)	0.04	1.02	(0.83)	1.54	(1.67)	6.54
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
VLSMX	0.36	(0.03)	(0.14)	0.03	0.44	(0.38)	0.77	(0.76)	2.22
MLGF	0.37	0.02	(0.09)	0.28	0.36	(0.75)	1.11	(0.65)	3.32
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96

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