Eagle Point Correlations
| ECCV Stock | USD 23.22 0.03 0.13% |
The current 90-days correlation between Eagle Point Credit and Eagle Point Credit is -0.2 (i.e., Good diversification). The correlation of Eagle Point 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.
Eagle Point Correlation With Market
Good diversification
The correlation between Eagle Point Credit and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.
Eagle |
Moving together with Eagle Stock
| 0.63 | NVDA | NVIDIA | PairCorr |
| 0.85 | META | Meta Platforms | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.92 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.62 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.78 | T | ATT Inc Aggressive Push | PairCorr |
| 0.72 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.67 | WMT | Walmart Aggressive Push | PairCorr |
| 0.85 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Eagle Stock
| 0.87 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.62 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.57 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.77 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.6 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.46 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.33 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.38 | 0.43 | 0.38 | -0.09 | ECCX | ||
| 0.38 | 0.69 | 0.53 | -0.11 | ECCW | ||
| 0.43 | 0.69 | 0.48 | -0.49 | OXLCL | ||
| 0.38 | 0.53 | 0.48 | 0.12 | BWNB | ||
| -0.09 | -0.11 | -0.49 | 0.12 | RILYZ | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ECCX | 0.30 | 0.00 | (0.27) | 0.00 | 0.36 | 0.65 | 2.09 | |||
| ECCW | 0.33 | 0.01 | (0.24) | (0.19) | 0.35 | 0.86 | 2.75 | |||
| OXLCL | 0.26 | 0.01 | (0.27) | 0.39 | 0.30 | 0.54 | 2.27 | |||
| BWNB | 0.87 | 0.18 | 0.07 | 1.03 | 0.86 | 2.07 | 6.48 | |||
| RILYZ | 3.31 | 0.11 | 0.02 | 0.22 | 4.80 | 5.35 | 37.57 |