OneMain Holdings Correlations

OMF Stock

USD 57.13 0.27 0.47%

The current 90-days correlation between OneMain Holdings and Ally Financial is 0.5 (i.e., Very weak diversification). The correlation of OneMain Holdings 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.

OneMain Holdings Correlation With Market

Very weak diversification

The correlation between OneMain Holdings and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneMain Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMain Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with OneMain Stock

0.86	V	Visa Class A	Pair Corr
0.87	DHIL	Diamond Hill Investment	Pair Corr
0.73	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.66	CG	Carlyle Group	Pair Corr
0.92	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.88	LC	LendingClub Corp	Pair Corr
0.67	MA	Mastercard	Pair Corr
0.83	MC	Moelis	Pair Corr
0.84	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.78	PX	P10 Inc	Pair Corr
0.62	QD	Qudian Inc Upward Rally	Pair Corr
0.82	SF	Stifel Financial Earnings Call Today	Pair Corr
0.91	WT	WisdomTree	Pair Corr
0.83	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.81	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.92	VRTS	Virtus Investment	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.94	ENVA	Enova International	Pair Corr
0.72	EZPW	EZCORP Inc	Pair Corr
0.67	WSBF	Waterstone Financial	Pair Corr
0.77	WULF	Terawulf	Pair Corr
0.79	FDUS	Fidus Investment Corp	Pair Corr

Moving against OneMain Stock

0.74	WU	Western Union	Pair Corr
0.62	XP	Xp Inc Sell-off Trend	Pair Corr
0.37	PT	Pintec Technology	Pair Corr
0.35	LU	Lufax Holding	Pair Corr
0.66	ORGN	Origin Materials	Pair Corr
0.56	FCFS	FirstCash	Pair Corr

Related Correlations Analysis

	OCSL	BBDC	RWAY	ALLY	ORCC	NAVI	AGM	AXP	MA	V
OCSL		-0.2	0.27	0.25	-0.42	0.53	-0.31	-0.24	-0.26	-0.55	OCSL
BBDC	-0.2		0.54	0.1	0.23	0.19	0.48	0.4	0.3	0.49	BBDC
RWAY	0.27	0.54		0.5	0.17	0.41	0.49	0.3	0.24	0.3	RWAY
ALLY	0.25	0.1	0.5		-0.15	0.43	0.41	-0.05	-0.25	0.0	ALLY
ORCC	-0.42	0.23	0.17	-0.15		-0.57	0.56	0.73	0.85	0.77	ORCC
NAVI	0.53	0.19	0.41	0.43	-0.57		-0.03	-0.27	-0.4	-0.35	NAVI
AGM	-0.31	0.48	0.49	0.41	0.56	-0.03		0.74	0.64	0.83	AGM
AXP	-0.24	0.4	0.3	-0.05	0.73	-0.27	0.74		0.89	0.76	AXP
MA	-0.26	0.3	0.24	-0.25	0.85	-0.4	0.64	0.89		0.82	MA
V	-0.55	0.49	0.3	0.0	0.77	-0.35	0.83	0.76	0.82		V
	OCSL	BBDC	RWAY	ALLY	ORCC	NAVI	AGM	AXP	MA	V

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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

MA	+ 0.89	AXP
MA	+ 0.85	ORCC
V	+ 0.83	AGM
V	+ 0.82	MA
V	+ 0.77	ORCC
V	+ 0.76	AXP

High negative correlations

NAVI	- 0.57	ORCC
V	- 0.55	OCSL
ORCC	- 0.42	OCSL
MA	- 0.4	NAVI
V	- 0.35	NAVI
AGM	- 0.31	OCSL

Risk-Adjusted Indicators

There is a big difference between OneMain Stock performing well and OneMain Holdings 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 OneMain Holdings' 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
OCSL	0.71	(0.11)	0.00	(0.08)	0.00	0.00	1.37	(1.71)	5.32
BBDC	0.67	(0.01)	(0.07)	0.10	0.76	(0.72)	1.34	(1.12)	3.87
RWAY	0.81	(0.09)	(0.12)	(0.01)	1.01	(0.84)	1.42	(1.45)	5.11
ALLY	1.53	(0.31)	0.00	(0.04)	0.00	0.00	2.84	(2.91)	19.33
ORCC	0.83	0.16	0.03	(2.05)	0.86	(0.91)	1.66	(1.57)	4.35
NAVI	1.60	(0.27)	0.00	(0.02)	0.00	0.00	2.95	(3.50)	13.67
AGM	1.27	(0.07)	0.03	0.08	1.25	(1.43)	2.86	(2.24)	12.03
AXP	1.24	0.08	0.11	0.17	1.12	(1.33)	2.83	(2.19)	9.79
MA	0.72	0.09	0.06	0.23	0.70	(0.82)	1.70	(1.33)	5.05
V	0.84	0.13	0.09	0.29	1.05	(0.98)	2.23	(1.30)	7.73

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