Orchid Island Correlations

ORC Stock

USD 7.87 0.05 0.64%

The current 90-days correlation between Orchid Island Capital and AGNC Investment Corp is 0.7 (i.e., Poor diversification). The correlation of Orchid Island 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.

Orchid Island Correlation With Market

Modest diversification

The correlation between Orchid Island Capital and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orchid Island Capital 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 Orchid Island Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Orchid Stock

0.65	RC	Ready Capital Corp	Pair Corr
0.66	RM	Regional Management Corp	Pair Corr

Moving against Orchid Stock

0.64	LX	Lexinfintech Holdings	Pair Corr
0.59	QD	Qudian Inc	Pair Corr
0.52	CG	Carlyle Group	Pair Corr
0.52	TW	Tradeweb Markets Normal Trading	Pair Corr
0.49	LC	LendingClub Corp	Pair Corr
0.45	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.45	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.43	AB	AllianceBernstein	Pair Corr
0.41	AC	Associated Capital	Pair Corr
0.37	DIST	Distoken Acquisition	Pair Corr
0.37	BN	Brookfield Corp	Pair Corr
0.36	DB	Deutsche Bank AG Sell-off Trend	Pair Corr
0.33	MA	Mastercard	Pair Corr
0.32	BX	Blackstone Group Normal Trading	Pair Corr
0.32	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.32	PX	P10 Inc	Pair Corr
0.5	DYCQ	DT Cloud Acquisition	Pair Corr
0.43	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.37	GCMGW	GCM Grosvenor	Pair Corr
0.36	TETEU	Technology Telecommunicatio	Pair Corr
0.33	NOVVU	Nova Vision Acquisition	Pair Corr
0.31	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	AGNC	TWO	IVR	CIM	DX	EARN	ARR	BRMK	NYMT	EFC
AGNC		0.77	0.85	0.63	0.16	0.76	0.84	-0.43	0.29	0.58	AGNC
TWO	0.77		0.57	0.42	-0.01	0.78	0.89	-0.47	0.52	0.87	TWO
IVR	0.85	0.57		0.79	0.39	0.7	0.73	-0.3	0.21	0.42	IVR
CIM	0.63	0.42	0.79		0.54	0.67	0.62	-0.35	0.1	0.35	CIM
DX	0.16	-0.01	0.39	0.54		0.32	0.31	-0.12	0.14	0.19	DX
EARN	0.76	0.78	0.7	0.67	0.32		0.81	-0.31	0.2	0.68	EARN
ARR	0.84	0.89	0.73	0.62	0.31	0.81		-0.51	0.57	0.87	ARR
BRMK	-0.43	-0.47	-0.3	-0.35	-0.12	-0.31	-0.51		-0.31	-0.47	BRMK
NYMT	0.29	0.52	0.21	0.1	0.14	0.2	0.57	-0.31		0.7	NYMT
EFC	0.58	0.87	0.42	0.35	0.19	0.68	0.87	-0.47	0.7		EFC
	AGNC	TWO	IVR	CIM	DX	EARN	ARR	BRMK	NYMT	EFC

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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

ARR	+ 0.89	TWO
EFC	+ 0.87	TWO
EFC	+ 0.87	ARR
IVR	+ 0.85	AGNC
ARR	+ 0.84	AGNC
ARR	+ 0.81	EARN

High negative correlations

BRMK	- 0.51	ARR
EFC	- 0.47	BRMK
BRMK	- 0.47	TWO
BRMK	- 0.43	AGNC
BRMK	- 0.35	CIM
NYMT	- 0.31	BRMK

Risk-Adjusted Indicators

There is a big difference between Orchid Stock performing well and Orchid Island 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 Orchid Island'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
AGNC	0.82	(0.04)	0.00	(0.12)	0.00	0.00	1.49	(2.10)	5.49
TWO	0.93	(0.27)	0.00	(0.35)	0.00	0.00	1.42	(2.21)	8.41
IVR	1.05	(0.07)	0.00	(0.11)	0.00	0.00	1.85	(2.89)	6.35
CIM	1.03	(0.07)	(0.06)	(0.01)	1.51	(1.03)	1.80	(2.36)	8.55
DX	0.75	0.02	(0.03)	0.13	1.03	(0.73)	1.54	(1.52)	4.76
EARN	0.81	(0.04)	0.00	(0.10)	0.00	0.00	1.92	(1.85)	5.24
ARR	0.77	(0.12)	0.00	(0.20)	0.00	0.00	1.41	(2.02)	4.86
BRMK	1.63	(0.07)	0.00	(0.11)	0.00	0.00	3.02	(4.08)	8.68
NYMT	1.36	(0.15)	0.00	(0.14)	0.00	0.00	2.48	(3.32)	7.18
EFC	0.63	(0.09)	0.00	(0.17)	0.00	0.00	1.02	(1.26)	4.21

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