Ready Capital Correlations
| RCADelisted Stock | USD 25.29 0.02 0.08% |
The current 90-days correlation between Ready Capital and Ready Capital is -0.08 (i.e., Good 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
Average diversification
The correlation between Ready Capital and DJI is 0.11 (i.e., Average 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.
Ready |
Moving together with Ready Stock
| 0.78 | FNMFO | Federal National Mortgage | PairCorr |
| 0.63 | KB | KB Financial Group | PairCorr |
| 0.61 | CIB | Bancolombia SA ADR | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.69 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.82 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against Ready Stock
| 0.76 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.7 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.58 | BCH | Banco De Chile | PairCorr |
| 0.53 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.43 | SHG | Shinhan Financial | PairCorr |
| 0.41 | PG | Procter Gamble | PairCorr |
| 0.39 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.75 | 0.32 | 0.59 | 0.54 | RCB | ||
| 0.75 | 0.03 | 0.15 | 0.64 | AJXA | ||
| 0.32 | 0.03 | 0.41 | -0.11 | ECCX | ||
| 0.59 | 0.15 | 0.41 | -0.05 | QVCD | ||
| 0.54 | 0.64 | -0.11 | -0.05 | RILYO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ready 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RCB | 0.25 | 0.04 | (0.20) | (0.42) | 0.36 | 0.67 | 1.64 | |||
| AJXA | 0.39 | 0.03 | (0.09) | 0.29 | 0.60 | 0.68 | 3.73 | |||
| ECCX | 0.31 | 0.02 | (0.24) | (0.36) | 0.35 | 0.65 | 2.10 | |||
| QVCD | 1.19 | 0.03 | 0.00 | 0.16 | 1.48 | 2.44 | 11.07 | |||
| RILYO | 0.41 | 0.01 | (0.18) | 0.25 | 0.42 | 1.20 | 2.95 |
Ready Capital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ready Capital stock to make a market-neutral strategy. Peer analysis of Ready Capital could also be used in its relative valuation, which is a method of valuing Ready Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Ready Capital?
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