Navient SR Correlations

JSM Stock

USD 19.65 0.05 0.26%

The current 90-days correlation between Navient SR and Nelnet Inc is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Navient SR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Navient SR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Navient SR Correlation With Market

Poor diversification

The correlation between Navient SR and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navient SR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Navient Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Navient SR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Navient Stock, please use our How to Invest in Navient SR guide.

Moving together with Navient Stock

0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.68	WMT	Walmart Common Stock	Pair Corr

Moving against Navient Stock

0.41	T	ATT Inc Earnings Call This Week	Pair Corr
0.4	BKLRF	Berkeley Energy	Pair Corr
0.4	MSFT	Microsoft	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	NNI	CACC	SLM	RJF	UBSI	VIRT	RLI	AVAL	MAIN	ABCB
NNI		0.64	-0.06	0.52	0.59	-0.26	0.18	-0.11	0.39	0.52	NNI
CACC	0.64		0.33	0.43	0.46	-0.12	0.08	-0.16	0.39	0.52	CACC
SLM	-0.06	0.33		-0.29	-0.23	-0.1	0.23	-0.22	-0.24	-0.11	SLM
RJF	0.52	0.43	-0.29		0.79	0.38	-0.51	0.43	0.72	0.77	RJF
UBSI	0.59	0.46	-0.23	0.79		0.41	-0.39	0.39	0.63	0.95	UBSI
VIRT	-0.26	-0.12	-0.1	0.38	0.41		-0.63	0.49	0.13	0.49	VIRT
RLI	0.18	0.08	0.23	-0.51	-0.39	-0.63		-0.6	-0.33	-0.47	RLI
AVAL	-0.11	-0.16	-0.22	0.43	0.39	0.49	-0.6		0.62	0.4	AVAL
MAIN	0.39	0.39	-0.24	0.72	0.63	0.13	-0.33	0.62		0.6	MAIN
ABCB	0.52	0.52	-0.11	0.77	0.95	0.49	-0.47	0.4	0.6		ABCB
	NNI	CACC	SLM	RJF	UBSI	VIRT	RLI	AVAL	MAIN	ABCB

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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

ABCB	+ 0.95	UBSI
UBSI	+ 0.79	RJF
ABCB	+ 0.77	RJF
MAIN	+ 0.72	RJF
CACC	+ 0.64	NNI
MAIN	+ 0.63	UBSI

High negative correlations

RLI	- 0.63	VIRT
AVAL	- 0.6	RLI
RLI	- 0.51	RJF
ABCB	- 0.47	RLI
RLI	- 0.39	UBSI
MAIN	- 0.33	RLI

Risk-Adjusted Indicators

There is a big difference between Navient Stock performing well and Navient SR 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 Navient SR'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
NNI	1.19	0.04	(0.02)	(0.12)	1.33	(1.29)	2.43	(2.15)	6.95
CACC	1.70	0.00	(0.02)	0.02	2.72	(1.62)	3.16	(4.58)	12.77
SLM	1.46	(0.01)	(0.01)	0.02	3.30	(1.33)	3.45	(2.84)	20.19
RJF	1.08	0.10	0.03	(1.33)	1.35	(1.17)	2.22	(2.20)	5.52
UBSI	1.05	0.32	0.19	(0.43)	0.98	(1.33)	3.05	(1.84)	8.75
VIRT	1.35	0.25	0.14	0.80	1.34	(1.56)	2.81	(2.00)	6.62
RLI	1.09	(0.07)	0.00	0.42	0.00	0.00	2.38	(2.72)	6.59
AVAL	1.43	0.33	0.16	0.64	1.55	(1.59)	4.39	(3.23)	11.84
MAIN	1.02	0.17	0.13	0.30	0.94	(1.18)	2.60	(2.07)	5.67
ABCB	1.03	0.22	0.12	(0.44)	1.01	(1.21)	2.71	(1.78)	6.79

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