Loandepot Correlations

LDI Stock

USD 2.31 0.11 4.55%

The current 90-days correlation between Loandepot and Ocwen Financial is -0.14 (i.e., Good diversification). The correlation of Loandepot 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.

Loandepot Correlation With Market

Very weak diversification

The correlation between Loandepot and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loandepot and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loandepot. 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.

For more detail on how to invest in Loandepot Stock please use our How to Invest in Loandepot guide.

Moving together with Loandepot Stock

0.7

Orix Corp Ads

Pair Corr

Moving against Loandepot Stock

0.59	AC	Associated Capital	Pair Corr
0.5	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.49	CG	Carlyle Group	Pair Corr
0.48	AB	AllianceBernstein	Pair Corr
0.43	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.42	DB	Deutsche Bank AG	Pair Corr
0.65	TW	Tradeweb Markets	Pair Corr
0.57	LX	Lexinfintech Holdings Trending	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.49	QD	Qudian Inc Upward Rally	Pair Corr
0.44	RY	Royal Bank Earnings Call Next Week	Pair Corr
0.42	MA	Mastercard	Pair Corr
0.34	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.33	LU	Lufax Holding	Pair Corr
0.31	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	HMPT	OCN	CNF	SNFCA	ECPG	UWMC	COOP	PFSI	WD	RKT
HMPT		0.26	0.35	0.54	-0.22	-0.72	0.35	-0.15	0.7	-0.57	HMPT
OCN	0.26		-0.25	0.79	0.15	-0.62	0.46	-0.53	0.02	-0.66	OCN
CNF	0.35	-0.25		-0.07	-0.53	-0.11	-0.04	0.01	0.4	0.03	CNF
SNFCA	0.54	0.79	-0.07		0.16	-0.8	0.62	-0.42	0.14	-0.87	SNFCA
ECPG	-0.22	0.15	-0.53	0.16		0.11	0.49	0.0	-0.22	0.01	ECPG
UWMC	-0.72	-0.62	-0.11	-0.8	0.11		-0.46	0.59	-0.28	0.95	UWMC
COOP	0.35	0.46	-0.04	0.62	0.49	-0.46		0.02	0.18	-0.46	COOP
PFSI	-0.15	-0.53	0.01	-0.42	0.0	0.59	0.02		0.18	0.6	PFSI
WD	0.7	0.02	0.4	0.14	-0.22	-0.28	0.18	0.18		-0.08	WD
RKT	-0.57	-0.66	0.03	-0.87	0.01	0.95	-0.46	0.6	-0.08		RKT
	HMPT	OCN	CNF	SNFCA	ECPG	UWMC	COOP	PFSI	WD	RKT

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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

RKT	+ 0.95	UWMC
SNFCA	+ 0.79	OCN
WD	+ 0.7	HMPT
COOP	+ 0.62	SNFCA
RKT	+ 0.6	PFSI
PFSI	+ 0.59	UWMC

High negative correlations

RKT	- 0.87	SNFCA
UWMC	- 0.8	SNFCA
UWMC	- 0.72	HMPT
RKT	- 0.66	OCN
UWMC	- 0.62	OCN
RKT	- 0.57	HMPT

Risk-Adjusted Indicators

There is a big difference between Loandepot Stock performing well and Loandepot 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 Loandepot'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
HMPT	1.32	0.33	0.10	(4.45)	1.31	(2.40)	4.55	(2.60)	19.28
OCN	1.90	0.24	0.06	1.43	2.40	(2.05)	4.38	(3.44)	20.86
CNF	6.53	0.44	0.05	0.80	7.40	(8.23)	20.00	(13.95)	78.29
SNFCA	1.22	0.49	0.29	0.82	0.79	(1.54)	2.81	(1.63)	11.74
ECPG	1.32	(0.19)	0.00	(0.03)	0.00	0.00	2.57	(2.42)	9.26
UWMC	1.73	(0.67)	0.00	(0.64)	0.00	0.00	2.82	(3.51)	10.20
COOP	1.31	(0.01)	0.01	0.11	1.48	(1.44)	2.86	(2.70)	9.12
PFSI	1.23	0.02	(0.02)	0.15	1.50	(1.29)	2.33	(2.17)	7.68
WD	1.25	(0.03)	(0.03)	0.09	1.27	(1.42)	3.46	(2.32)	7.12
RKT	1.97	(0.53)	0.00	(2.80)	0.00	0.00	3.65	(4.14)	13.97

Loandepot Corporate Management

Darren Graeler	Executive Officer	Profile
Jeffrey DerGurahian	Chief Economist	Profile
Jeff DerGurahian	Senior Executive Vice President Capital Markets	Profile
Andrew Dodson	Director	Profile
Clare Anderson	Director Solutions	Profile
Dawn Lepore	Director	Profile

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