Credit Acceptance Correlations

CACC Stock

USD 514.06 10.96 2.09%

The current 90-days correlation between Credit Acceptance and FirstCash is 0.39 (i.e., Weak diversification). The correlation of Credit Acceptance 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.

Credit Acceptance Correlation With Market

Modest diversification

The correlation between Credit Acceptance and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Acceptance 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 Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.

Moving together with Credit Stock

0.74	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.8	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.77	AXP	American Express	Pair Corr
0.72	BAM	Brookfield Asset Man Earnings Call This Week	Pair Corr
0.76	KKR	KKR Co LP Earnings Call This Week	Pair Corr
0.75	GCMG	GCM Grosvenor	Pair Corr
0.65	MAIN	Main Street Capital	Pair Corr
0.69	NTRS	Northern Trust	Pair Corr
0.78	PFSI	PennyMac Finl Svcs Normal Trading	Pair Corr
0.7	SNFCA	Security National	Pair Corr
0.74	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.82	ARES	Ares Management LP Earnings Call This Week	Pair Corr
0.61	COOP	Mr Cooper Group Earnings Call This Week	Pair Corr
0.74	C	Citigroup Earnings Call This Week	Pair Corr
0.65	L	Loews Corp Earnings Call This Week	Pair Corr
0.67	V	Visa Class A	Pair Corr
0.84	BK	Bank of New York	Pair Corr
0.71	DB	Deutsche Bank AG	Pair Corr

Moving against Credit Stock

0.31	RKT	Rocket Companies	Pair Corr
0.34	NU	Nu Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	WRLD	FCFS	DORM	ECPG	CRVL
WRLD		0.75	0.22	0.63	0.2	WRLD
FCFS	0.75		0.19	0.53	0.07	FCFS
DORM	0.22	0.19		0.73	0.8	DORM
ECPG	0.63	0.53	0.73		0.7	ECPG
CRVL	0.2	0.07	0.8	0.7		CRVL
	WRLD	FCFS	DORM	ECPG	CRVL

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Risk-Adjusted Indicators

There is a big difference between Credit Stock performing well and Credit Acceptance 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 Credit Acceptance'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
WRLD	1.81	0.30	0.14	0.56	1.61	(2.20)	3.69	(3.22)	20.38
FCFS	1.03	0.12	0.04	0.48	1.16	(1.10)	2.52	(2.12)	7.50
DORM	1.41	0.19	0.10	0.37	1.32	(1.65)	2.98	(2.61)	15.36
ECPG	1.23	0.06	0.02	0.18	1.28	(1.29)	2.55	(2.05)	7.90
CRVL	1.70	0.22	0.07	(2.80)	1.52	(2.15)	4.06	(2.49)	15.34

Credit Acceptance Corporate Management

Wendy Rummler	Chief Officer	Profile
Ravi Valiyaveettil	Chief Officer	Profile
Jonathan Lum	Chief Officer	Profile
Jay Martin	Senior Officer	Profile
Noah Kotch	Chief Officer	Profile
Ravi Mohan	Chief Officer	Profile

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