Eagle Point Correlations

ECCX Stock

USD 24.97 0.06 0.24%

The current 90-days correlation between Eagle Point Credit and Barings Corporate Investors is -0.19 (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

Poor diversification

The correlation between Eagle Point Credit and DJI is 0.68 (i.e., Poor 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

0.77	DHIL	Diamond Hill Investment	Pair Corr
0.68	BK	Bank of New York	Pair Corr
0.62	WT	WisdomTree	Pair Corr
0.69	MNG	MG Plc	Pair Corr
0.82	MIGO	Migo Opportunities Trust	Pair Corr
0.73	MNTN	Schiehallion Fund	Pair Corr

Moving against Eagle Stock

0.49	TY	Tri Continental Closed	Pair Corr
0.46	55O1	Apollo Investment Corp	Pair Corr
0.37	EFF	Deutsche Effecten und	Pair Corr
0.32	MFG	Magellan Financial	Pair Corr
0.69	KUR-H	Kure Technologies	Pair Corr
0.58	OEQ	Orion Equities	Pair Corr
0.51	TIP	Teaminvest Private	Pair Corr
0.46	DYCQ	DT Cloud Acquisition	Pair Corr
0.42	M9X	WhiteHorse Finance	Pair Corr

Related Correlations Analysis

	MCI	GLAD	PNNT	EIC	CCAP	SOR	PSBD	SAR	PFIS	CION
MCI		-0.4	-0.52	-0.45	-0.28	0.65	-0.55	0.35	0.61	-0.45	MCI
GLAD	-0.4		0.9	0.87	0.64	-0.5	0.84	-0.53	-0.77	0.91	GLAD
PNNT	-0.52	0.9		0.85	0.72	-0.54	0.87	-0.34	-0.74	0.79	PNNT
EIC	-0.45	0.87	0.85		0.56	-0.52	0.83	-0.55	-0.86	0.8	EIC
CCAP	-0.28	0.64	0.72	0.56		-0.33	0.68	-0.18	-0.35	0.62	CCAP
SOR	0.65	-0.5	-0.54	-0.52	-0.33		-0.44	0.55	0.53	-0.62	SOR
PSBD	-0.55	0.84	0.87	0.83	0.68	-0.44		-0.41	-0.77	0.77	PSBD
SAR	0.35	-0.53	-0.34	-0.55	-0.18	0.55	-0.41		0.64	-0.71	SAR
PFIS	0.61	-0.77	-0.74	-0.86	-0.35	0.53	-0.77	0.64		-0.72	PFIS
CION	-0.45	0.91	0.79	0.8	0.62	-0.62	0.77	-0.71	-0.72		CION
	MCI	GLAD	PNNT	EIC	CCAP	SOR	PSBD	SAR	PFIS	CION

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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

CION	+ 0.91	GLAD
PNNT	+ 0.9	GLAD
EIC	+ 0.87	GLAD
PSBD	+ 0.87	PNNT
EIC	+ 0.85	PNNT
PSBD	+ 0.84	GLAD

High negative correlations

PFIS	- 0.86	EIC
PFIS	- 0.77	PSBD
PFIS	- 0.77	GLAD
PFIS	- 0.74	PNNT
CION	- 0.72	PFIS
CION	- 0.71	SAR

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
MCI	0.95	(0.03)	0.00	(0.06)	0.00	0.00	2.25	(1.93)	7.01
GLAD	1.05	(0.18)	0.00	(0.20)	0.00	0.00	2.04	(1.73)	8.85
PNNT	1.23	(0.23)	0.00	(0.24)	0.00	0.00	2.15	(2.74)	10.16
EIC	0.89	(0.20)	0.00	(0.39)	0.00	0.00	1.29	(2.33)	6.43
CCAP	1.19	(0.04)	0.00	(1.67)	0.00	0.00	2.50	(2.37)	7.26
SOR	0.87	0.01	(0.01)	0.06	1.40	(0.77)	1.57	(2.41)	5.97
PSBD	0.90	(0.14)	0.00	(0.40)	0.00	0.00	1.57	(2.19)	5.37
SAR	0.80	0.07	0.05	0.15	0.95	(0.85)	1.65	(1.82)	4.20
PFIS	1.24	0.15	0.09	0.21	1.48	(1.23)	3.21	(2.53)	8.79
CION	1.11	(0.26)	0.00	(0.29)	0.00	0.00	1.53	(2.55)	7.49

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