Navient Corp Correlations

NAVI Stock

USD 14.93 0.15 1.01%

The current 90-days correlation between Navient Corp and FirstCash is 0.44 (i.e., Very weak diversification). The correlation of Navient Corp 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.

Navient Corp Correlation With Market

Very weak diversification

The correlation between Navient Corp and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navient Corp 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 Navient Corp. 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.

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

Moving together with Navient Stock

0.64

Everest Group

Pair Corr

Moving against Navient Stock

0.52	FRHC	Freedom Holding Corp	Pair Corr
0.47	BX	Blackstone Group Normal Trading	Pair Corr
0.47	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.43	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.42	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.41	CG	Carlyle Group	Pair Corr
0.4	AB	AllianceBernstein	Pair Corr
0.39	AC	Associated Capital	Pair Corr
0.37	SVII	Spring Valley Acquisition	Pair Corr
0.35	V	Visa Class A	Pair Corr
0.35	BN	Brookfield Corp	Pair Corr
0.33	TW	Tradeweb Markets Normal Trading	Pair Corr
0.31	EVR	Evercore Partners	Pair Corr
0.59	QD	Qudian Inc	Pair Corr
0.59	TECTP	Tectonic Financial	Pair Corr
0.48	LX	Lexinfintech Holdings	Pair Corr
0.46	VALU	Value Line	Pair Corr
0.42	VBNK	VersaBank Normal Trading	Pair Corr
0.42	RJF-PB	Raymond James Financial	Pair Corr
0.41	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.4	PX	P10 Inc	Pair Corr
0.4	GCMGW	GCM Grosvenor	Pair Corr
0.39	MA	Mastercard	Pair Corr
0.39	VCTR	Victory Capital Holdings Normal Trading	Pair Corr

Related Correlations Analysis

	FCFS	NNI	IX	AGM	SLMBP	AGM-A	EZPW	SLM	ENVA	ATLCP
FCFS		0.02	0.87	-0.35	0.58	-0.38	-0.31	-0.54	-0.64	-0.6	FCFS
NNI	0.02		-0.04	0.08	0.0	-0.21	-0.04	0.11	0.07	-0.2	NNI
IX	0.87	-0.04		-0.23	0.62	-0.38	-0.3	-0.63	-0.6	-0.49	IX
AGM	-0.35	0.08	-0.23		-0.19	0.08	0.6	0.66	0.89	0.65	AGM
SLMBP	0.58	0.0	0.62	-0.19		-0.29	-0.61	-0.34	-0.35	-0.04	SLMBP
AGM-A	-0.38	-0.21	-0.38	0.08	-0.29		-0.01	0.23	0.21	0.28	AGM-A
EZPW	-0.31	-0.04	-0.3	0.6	-0.61	-0.01		0.35	0.58	0.21	EZPW
SLM	-0.54	0.11	-0.63	0.66	-0.34	0.23	0.35		0.84	0.64	SLM
ENVA	-0.64	0.07	-0.6	0.89	-0.35	0.21	0.58	0.84		0.75	ENVA
ATLCP	-0.6	-0.2	-0.49	0.65	-0.04	0.28	0.21	0.64	0.75		ATLCP
	FCFS	NNI	IX	AGM	SLMBP	AGM-A	EZPW	SLM	ENVA	ATLCP

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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

ENVA	+ 0.89	AGM
IX	+ 0.87	FCFS
ENVA	+ 0.84	SLM
ATLCP	+ 0.75	ENVA
SLM	+ 0.66	AGM
ATLCP	+ 0.65	AGM

High negative correlations

ENVA	- 0.64	FCFS
SLM	- 0.63	IX
EZPW	- 0.61	SLMBP
ENVA	- 0.6	IX
ATLCP	- 0.6	FCFS
SLM	- 0.54	FCFS

Risk-Adjusted Indicators

There is a big difference between Navient Stock performing well and Navient Corp 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 Corp'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
FCFS	1.09	(0.23)	0.00	(0.16)	0.00	0.00	2.31	(2.42)	9.46
NNI	1.11	(0.16)	0.00	(0.03)	0.00	0.00	1.71	(2.08)	15.36
IX	1.17	(0.22)	0.00	(0.20)	0.00	0.00	2.12	(2.89)	8.46
AGM	1.27	(0.03)	0.04	0.07	1.23	(1.46)	2.77	(2.24)	12.03
SLMBP	0.33	(0.02)	0.00	(0.19)	0.00	0.00	0.72	(0.46)	3.53
AGM-A	1.15	0.23	0.09	1.48	1.05	(2.06)	3.43	(2.06)	12.97
EZPW	1.21	(0.01)	(0.03)	0.07	1.31	(1.43)	3.43	(2.54)	6.51
SLM	1.52	0.06	0.08	0.12	1.54	(1.69)	2.97	(2.59)	15.03
ENVA	1.68	0.14	0.12	0.15	1.66	(1.90)	3.13	(3.16)	13.01
ATLCP	0.51	0.06	(0.02)	0.55	0.46	(0.60)	1.28	(0.97)	2.66

Navient Corp Corporate Management

Mike Smith	Senior Officer	Profile
Patricia Christel	VP CEO	Profile
Mark Heleen	Chief Legal Officer and Corporate Secretary	Profile
Paul Hartwick	Vice Communications	Profile
Joe CFA	CFO VP	Profile
Judah Holland	Senior Initiatives	Profile
John Kane	Group Pres for Asset Recovery and Bus. Services	Profile

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