Eagle Point Correlations

ECCV Stock

USD 23.60 0.05 0.21%

The current 90-days correlation between Eagle Point Credit and Eagle Pointome is -0.03 (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

Significant diversification

The correlation between Eagle Point Credit and DJI is 0.02 (i.e., Significant 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.

Build AI portfolio with Eagle Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Eagle Stock

0.72	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.87	BMYMP	Bristol Myers Squibb	Pair Corr
0.76	ACN	Accenture plc	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.71	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.72	XOM	Exxon Mobil Corp	Pair Corr
0.81	AA	Alcoa Corp	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr

Moving against Eagle Stock

0.85	APVO	Aptevo Therapeutics	Pair Corr
0.83	TRNR	Interactive Strength	Pair Corr
0.79	MSFT	Microsoft	Pair Corr
0.52	VLCN	VLCN Old Symbol Change	Pair Corr
0.36	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.35	META	Meta Platforms	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.57	T	ATT Inc	Pair Corr

Related Correlations Analysis

	EIC	SLRC	PFLT	CGBD	BCSF	NCDL	TYG	FDUS
EIC		-0.64	-0.64	-0.34	-0.5	-0.22	-0.03	0.56	EIC
SLRC	-0.64		0.91	0.64	0.76	0.61	0.08	-0.07	SLRC
PFLT	-0.64	0.91		0.62	0.73	0.5	0.05	-0.03	PFLT
CGBD	-0.34	0.64	0.62		0.91	0.38	-0.38	0.35	CGBD
BCSF	-0.5	0.76	0.73	0.91		0.39	-0.27	0.23	BCSF
NCDL	-0.22	0.61	0.5	0.38	0.39		0.41	0.24	NCDL
TYG	-0.03	0.08	0.05	-0.38	-0.27	0.41		-0.16	TYG
FDUS	0.56	-0.07	-0.03	0.35	0.23	0.24	-0.16		FDUS
	EIC	SLRC	PFLT	CGBD	BCSF	NCDL	TYG	FDUS

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

PFLT	+ 0.91	SLRC
BCSF	+ 0.91	CGBD
BCSF	+ 0.76	SLRC
BCSF	+ 0.73	PFLT
CGBD	+ 0.64	SLRC
CGBD	+ 0.62	PFLT

High negative correlations

PFLT	- 0.64	EIC
SLRC	- 0.64	EIC
BCSF	- 0.5	EIC
TYG	- 0.38	CGBD
CGBD	- 0.34	EIC
TYG	- 0.27	BCSF

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
EIC	0.81	(0.20)	0.00	(0.24)	0.00	0.00	1.36	(2.05)	5.59
SLRC	0.88	0.05	0.03	0.15	1.08	(0.99)	1.88	(2.01)	5.30
PFLT	0.90	0.14	0.07	0.59	0.94	(0.99)	2.40	(1.66)	6.09
CGBD	1.05	0.04	0.02	0.12	1.35	(1.02)	2.30	(2.09)	7.06
BCSF	0.98	0.03	0.01	0.11	1.26	(0.98)	2.69	(2.00)	6.59
NCDL	1.04	(0.03)	(0.03)	0.05	1.40	(1.00)	2.17	(2.09)	6.47
TYG	0.80	(0.05)	0.00	(0.05)	0.00	0.00	1.75	(1.15)	4.01
FDUS	0.89	(0.04)	(0.04)	0.02	1.39	(0.85)	2.15	(2.23)	7.10

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