Credit Acceptance Correlations

CRDA34 Stock

BRL 325.00 0.00 0.00%

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.

The ability to find closely correlated positions to Credit Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credit Acceptance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Credit Acceptance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Credit Acceptance to buy it.

Related Correlations Analysis

	A1LL34	FRAS3	CLIN11	BTLG11	E1RI34	C1AB34	RAPT3	GOGL35
A1LL34		-0.11	-0.04	-0.03	0.37	0.78	0.46	0.59	A1LL34
FRAS3	-0.11		-0.2	-0.77	0.74	0.1	0.66	0.39	FRAS3
CLIN11	-0.04	-0.2		0.47	-0.27	-0.15	-0.14	-0.23	CLIN11
BTLG11	-0.03	-0.77	0.47		-0.81	-0.38	-0.69	-0.66	BTLG11
E1RI34	0.37	0.74	-0.27	-0.81		0.54	0.87	0.78	E1RI34
C1AB34	0.78	0.1	-0.15	-0.38	0.54		0.62	0.79	C1AB34
RAPT3	0.46	0.66	-0.14	-0.69	0.87	0.62		0.78	RAPT3
GOGL35	0.59	0.39	-0.23	-0.66	0.78	0.79	0.78		GOGL35
	A1LL34	FRAS3	CLIN11	BTLG11	E1RI34	C1AB34	RAPT3	GOGL35

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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

RAPT3	+ 0.87	E1RI34
GOGL35	+ 0.79	C1AB34
C1AB34	+ 0.78	A1LL34
GOGL35	+ 0.78	E1RI34
GOGL35	+ 0.78	RAPT3
E1RI34	+ 0.74	FRAS3

High negative correlations

E1RI34	- 0.81	BTLG11
BTLG11	- 0.77	FRAS3
RAPT3	- 0.69	BTLG11
GOGL35	- 0.66	BTLG11
C1AB34	- 0.38	BTLG11
E1RI34	- 0.27	CLIN11

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
A1LL34	1.99	0.12	0.03	0.28	2.93	(2.09)	3.49	(4.66)	24.55
FRAS3	1.05	0.18	0.04	(2.43)	1.10	(1.20)	2.80	(1.71)	8.74
CLIN11	0.66	(0.05)	0.00	0.56	0.00	0.00	1.01	(1.58)	4.19
BTLG11	0.52	(0.09)	0.00	(1.19)	0.00	0.00	0.98	(1.29)	4.73
E1RI34	1.24	0.27	0.10	(4.47)	0.87	(2.11)	3.48	(2.09)	16.05
C1AB34	1.40	0.24	0.09	0.41	1.29	(2.43)	4.35	(2.60)	14.25
RAPT3	1.27	0.00	(0.06)	0.16	1.58	(1.37)	2.43	(2.66)	9.30
GOGL35	1.22	0.11	(0.02)	(0.44)	1.59	(1.32)	2.59	(2.88)	8.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Credit Acceptance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Credit Acceptance Corporate Management

Elected by the shareholders, the Credit Acceptance's board of directors comprises two types of representatives: Credit Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Credit. The board's role is to monitor Credit Acceptance's management team and ensure that shareholders' interests are well served. Credit Acceptance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Credit Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jay Martin	VP Officer	Profile
Arthur Smith	Chief Officer	Profile
Douglas Busk	Chief Officer	Profile
Erin Kerber	Chief Sec	Profile
Andrew Rostami	Chief Officer	Profile
Daniel Ulatowski	Chief Officer	Profile
Jonathan Lum	Chief Officer	Profile

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