Angel Oak Correlations

FINS Stock

USD 12.67 0.04 0.32%

The current 90-days correlation between Angel Oak Financial and Eaton Vance National is 0.16 (i.e., Average diversification). The correlation of Angel Oak 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.

Angel Oak Correlation With Market

Average diversification

The correlation between Angel Oak Financial and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel Oak Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Angel Stock

0.64	DB	Deutsche Bank AG	Pair Corr
0.7	WD	Walker Dunlop Normal Trading	Pair Corr

Moving against Angel Stock

0.58	VINP	Vinci Partners Inves	Pair Corr
0.67	BRACU	Broad Capital Acquisition	Pair Corr
0.65	PFTAU	Portage Fintech Acqu	Pair Corr
0.61	ECPG	Encore Capital Group	Pair Corr
0.38	ROCLW	Roth CH Acquisition	Pair Corr

Related Correlations Analysis

	CBH	EOT	IHTA	MHN	NXC	IHIT	JHAA	CXH	FMN
CBH		-0.04	0.95	-0.07	-0.42	-0.48	0.92	0.11	-0.62	CBH
EOT	-0.04		0.06	0.77	0.71	-0.63	-0.16	0.59	0.62	EOT
IHTA	0.95	0.06		-0.06	-0.38	-0.59	0.81	0.08	-0.61	IHTA
MHN	-0.07	0.77	-0.06		0.82	-0.53	-0.16	0.79	0.78	MHN
NXC	-0.42	0.71	-0.38	0.82		-0.35	-0.45	0.53	0.89	NXC
IHIT	-0.48	-0.63	-0.59	-0.53	-0.35		-0.29	-0.39	-0.09	IHIT
JHAA	0.92	-0.16	0.81	-0.16	-0.45	-0.29		0.07	-0.6	JHAA
CXH	0.11	0.59	0.08	0.79	0.53	-0.39	0.07		0.53	CXH
FMN	-0.62	0.62	-0.61	0.78	0.89	-0.09	-0.6	0.53		FMN
	CBH	EOT	IHTA	MHN	NXC	IHIT	JHAA	CXH	FMN

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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

IHTA	+ 0.95	CBH
JHAA	+ 0.92	CBH
FMN	+ 0.89	NXC
NXC	+ 0.82	MHN
JHAA	+ 0.81	IHTA
CXH	+ 0.79	MHN

High negative correlations

IHIT	- 0.63	EOT
FMN	- 0.62	CBH
FMN	- 0.61	IHTA
FMN	- 0.6	JHAA
IHIT	- 0.59	IHTA
IHIT	- 0.53	MHN

Risk-Adjusted Indicators

There is a big difference between Angel Stock performing well and Angel Oak 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 Angel Oak'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
CBH	0.13	0.04	(0.41)	(4.02)	0.00	(0.18)	0.22	(0.22)	0.78
EOT	0.35	0.00	(0.25)	0.06	0.42	(0.41)	0.75	(0.87)	2.08
IHTA	0.24	0.05	(0.13)	1.63	0.26	(0.30)	0.68	(0.28)	2.03
MHN	0.36	0.01	(0.15)	0.62	0.62	(0.33)	0.75	(1.03)	2.69
NXC	0.45	(0.03)	0.00	(1.97)	0.00	0.00	0.94	(0.94)	2.82
IHIT	0.46	(0.03)	0.00	0.46	0.00	0.00	1.07	(1.18)	2.70
JHAA	0.15	0.02	(0.47)	2.68	0.00	(0.20)	0.33	(0.22)	0.96
CXH	0.33	0.03	(0.20)	(0.11)	0.42	(0.35)	0.62	(0.74)	2.10
FMN	0.50	(0.06)	0.00	0.68	0.00	0.00	1.07	(1.49)	5.10

Angel Oak Corporate Management

Manmohan Singh	LLC Advisors	Profile
Timothy Saunders	LLC Advisors	Profile
Namit Sinha	LLC Advisors	Profile
Michael Fierman	LLC Advisors	Profile
William Richardson	Treasurer	Profile

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