Ready Capital Correlations

Preferred Stocks . USA . 
Preferred Stock . Ready Capital
RC-PE Preferred Stock   18.09  0.06  0.33%   
The current 90-days correlation between Ready Capital and Rithm Capital Corp is 0.16 (i.e., Average diversification). The correlation of Ready Capital 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.

Ready Capital Correlation With Market

Modest diversification

The correlation between Ready Capital and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ready Capital and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ready Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ready Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ready Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ready Capital to buy it.

Moving together with Ready Preferred Stock

  0.67MITT-PB AG Mortgage InvestmentPairCorr
  0.71RPT Rithm Property Trust Symbol ChangePairCorr
  0.79SACH-PA Sachem Capital CorpPairCorr
  0.79TRTX-PC TPG RE FinancePairCorr
  0.75RC-PC Ready CapitalPairCorr
  0.68ABR-PE Arbor Realty TrustPairCorr
  0.62MRTI Maxus Realty TrustPairCorr
  0.71NYMTZ New York MortgagePairCorr
  0.83ARR-PC ARMOUR Residential REITPairCorr
  0.71MFA-PB MFA FinancialPairCorr

Moving against Ready Preferred Stock

  0.81ABR-PF Arbor Realty TrustPairCorr
  0.75RITM-PB Rithm Capital Corp Earnings Call This WeekPairCorr
  0.74IVR-PB Invesco Mortgage CapitalPairCorr
  0.73NLY-PG Annaly Capital Management Earnings Call This WeekPairCorr
  0.69NLY-PI Annaly Capital Management Earnings Call This WeekPairCorr
  0.69RITM-PC Rithm Capital Corp Earnings Call This WeekPairCorr
  0.69RITM-PA Rithm Capital Corp Earnings Call This WeekPairCorr
  0.68MITT-PC AG Mortgage InvestmentPairCorr
  0.67NLY-PF Annaly Capital Management Earnings Call This WeekPairCorr
  0.6ACR-PC ACRES Commercial RealtyPairCorr
  0.57GPMT-PA Granite Point MortgagePairCorr
  0.74AGNCO AGNC Investment CorpPairCorr
  0.71AGNCM AGNC Investment CorpPairCorr
  0.68AGNCP AGNC Investment CorpPairCorr
  0.67NYMTM New York MortgagePairCorr
  0.66MFA-PC MFA FinancialPairCorr
  0.59CIM-PD Chimera InvestmentPairCorr
  0.58AGNCN AGNC Investment CorpPairCorr
  0.54TWO-PC Two Harbors InvestmentPairCorr
  0.47DX-PC Dynex CapitalPairCorr
  0.43CIM-PB Chimera InvestmentPairCorr
  0.41NYMTL New York MortgagePairCorr
  0.32RWT-PA Redwood TrustPairCorr

Related Correlations Analysis

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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   
RITM-PA
+ 0.91
RITM-PB
RITM-PB
+ 0.9
RITM-PC
AGNCO
+ 0.86
RITM-PB
RITM-PA
+ 0.83
RITM-PC
AGNCO
+ 0.83
RITM-PC
AGNCO
+ 0.8
RITM-PA
  
High negative correlations   
AGNCO
- 0.65
PMT-PC
PMT-PC
- 0.61
RITM-PB
PMT-PC
- 0.6
RITM-PA
PMT-PC
- 0.52
RITM-PC

Risk-Adjusted Indicators

There is a big difference between Ready Preferred Stock performing well and Ready Capital 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 Ready Capital'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ready Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ready Capital Corporate Management

Alex OvalleMD MangProfile
David CohenMD PlatformProfile
Gary TaylorChief OfficerProfile
Richard KatzensteinMD PartnershipsProfile
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