PRA Correlations

PRAA Stock

USD 21.72 0.84 4.02%

The current 90-days correlation between PRA Group and EZCORP Inc is 0.27 (i.e., Modest diversification). The correlation of PRA 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.

PRA Correlation With Market

Weak diversification

The correlation between PRA Group and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PRA Group 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 PRA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against PRA Stock

0.4	WAVS	Western Acquisition	Pair Corr
0.38	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	EZPW	IX	SLM	NAVI	ENVA	OCSL	GDOT	AGM	CPSS	BBDC
EZPW		-0.36	0.5	0.0	0.65	0.08	-0.38	0.65	0.1	0.24	EZPW
IX	-0.36		-0.61	0.61	-0.61	0.16	0.04	-0.26	-0.69	0.02	IX
SLM	0.5	-0.61		-0.12	0.85	-0.11	-0.1	0.68	0.62	0.41	SLM
NAVI	0.0	0.61	-0.12		-0.27	0.53	0.21	-0.03	-0.56	0.22	NAVI
ENVA	0.65	-0.61	0.85	-0.27		-0.34	-0.1	0.9	0.69	0.32	ENVA
OCSL	0.08	0.16	-0.11	0.53	-0.34		0.01	-0.29	-0.58	-0.18	OCSL
GDOT	-0.38	0.04	-0.1	0.21	-0.1	0.01		-0.1	0.21	-0.1	GDOT
AGM	0.65	-0.26	0.68	-0.03	0.9	-0.29	-0.1		0.49	0.38	AGM
CPSS	0.1	-0.69	0.62	-0.56	0.69	-0.58	0.21	0.49		0.2	CPSS
BBDC	0.24	0.02	0.41	0.22	0.32	-0.18	-0.1	0.38	0.2		BBDC
	EZPW	IX	SLM	NAVI	ENVA	OCSL	GDOT	AGM	CPSS	BBDC

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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

AGM	+ 0.9	ENVA
ENVA	+ 0.85	SLM
CPSS	+ 0.69	ENVA
AGM	+ 0.68	SLM
ENVA	+ 0.65	EZPW
AGM	+ 0.65	EZPW

High negative correlations

CPSS	- 0.69	IX
ENVA	- 0.61	IX
SLM	- 0.61	IX
CPSS	- 0.58	OCSL
CPSS	- 0.56	NAVI
GDOT	- 0.38	EZPW

Risk-Adjusted Indicators

There is a big difference between PRA Stock performing well and PRA 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 PRA'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
EZPW	1.27	0.02	(0.01)	0.14	1.28	(1.56)	3.56	(2.54)	6.51
IX	1.14	(0.22)	0.00	(0.18)	0.00	0.00	2.12	(2.89)	8.46
SLM	1.72	0.15	0.16	0.19	1.41	(2.06)	3.71	(2.59)	15.03
NAVI	1.61	(0.21)	(0.05)	0.01	2.09	(1.74)	3.27	(3.50)	13.67
ENVA	1.74	0.12	0.13	0.17	1.67	(2.01)	3.13	(3.16)	13.01
OCSL	0.70	(0.12)	0.00	(0.11)	0.00	0.00	1.37	(1.71)	5.32
GDOT	2.56	(0.27)	(0.03)	0.00	3.91	(2.65)	6.15	(5.39)	30.98
AGM	1.27	(0.09)	0.01	0.07	1.25	(1.46)	2.77	(2.24)	12.03
CPSS	1.76	0.24	0.10	0.46	1.74	(2.13)	5.02	(3.60)	12.19
BBDC	0.70	0.00	(0.06)	0.11	0.75	(0.75)	1.34	(1.12)	3.87

PRA Corporate Management

LaTisha Tarrant	General VP	Profile
Laura White	Chief Compliance Officer	Profile
Jan Husby	Global Officer	Profile
Chris Burroughs	Chief Officer	Profile

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