B Riley Correlations

RILYL Preferred Stock

USD 5.00 0.15 2.91%

The current 90-days correlation between B Riley Financial and Prospect Capital is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B Riley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B Riley Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

B Riley Correlation With Market

Good diversification

The correlation between B Riley Financial and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B Riley Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to B Riley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B Riley 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 B Riley - 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 B Riley Financial to buy it.

Moving together with RILYL Preferred Stock

0.89

RILY

B Riley Financial

Pair Corr

Moving against RILYL Preferred Stock

0.66	LNDNF	Lundin Energy AB	Pair Corr
0.65	SREDF	Storebrand ASA	Pair Corr
0.65	TXMD	TherapeuticsMD	Pair Corr
0.65	BORR	Borr Drilling	Pair Corr
0.63	UTRS	Minerva Surgical	Pair Corr
0.61	AZTA	Azenta Inc	Pair Corr
0.54	SSAAF	SSAB AB	Pair Corr
0.54	AER	AerCap Holdings NV	Pair Corr
0.45	OODH	Orion Diversified Holding	Pair Corr
0.44	TFC	Truist Financial Corp	Pair Corr
0.36	VOYA-PB	Voya Financial	Pair Corr
0.36	XCUR	Exicure	Pair Corr
0.34	XFOR	X4 Pharmaceuticals	Pair Corr
0.7	NAUT	Nautilus Biotechnology	Pair Corr
0.62	FBKIF	First International Bank	Pair Corr
0.61	ARR	ARMOUR Residential REIT	Pair Corr
0.61	GDYN	Grid Dynamics Holdings	Pair Corr
0.6	FMSTW	Foremost Lithium Resource	Pair Corr
0.58	MMM	3M Company	Pair Corr
0.56	VWAGY	Volkswagen AG 110	Pair Corr
0.55	TFSL	TFS Financial	Pair Corr
0.5	GOLF	Acushnet Holdings Corp	Pair Corr

Related Correlations Analysis

	SYF	AXS	LNC	ACGL	PSEC	SNV	RNR	CADE	BIPH
SYF		0.77	0.96	0.65	-0.5	0.85	0.67	0.91	-0.35	SYF
AXS	0.77		0.8	0.91	-0.4	0.74	0.9	0.84	-0.5	AXS
LNC	0.96	0.8		0.68	-0.49	0.86	0.75	0.92	-0.33	LNC
ACGL	0.65	0.91	0.68		-0.33	0.8	0.83	0.82	-0.42	ACGL
PSEC	-0.5	-0.4	-0.49	-0.33		-0.46	-0.36	-0.41	0.4	PSEC
SNV	0.85	0.74	0.86	0.8	-0.46		0.68	0.91	-0.23	SNV
RNR	0.67	0.9	0.75	0.83	-0.36	0.68		0.8	-0.47	RNR
CADE	0.91	0.84	0.92	0.82	-0.41	0.91	0.8		-0.33	CADE
BIPH	-0.35	-0.5	-0.33	-0.42	0.4	-0.23	-0.47	-0.33		BIPH
	SYF	AXS	LNC	ACGL	PSEC	SNV	RNR	CADE	BIPH

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

LNC	+ 0.96	SYF
CADE	+ 0.92	LNC
CADE	+ 0.91	SYF
ACGL	+ 0.91	AXS
CADE	+ 0.91	SNV
RNR	+ 0.9	AXS

High negative correlations

BIPH	- 0.5	AXS
PSEC	- 0.5	SYF
PSEC	- 0.49	LNC
BIPH	- 0.47	RNR
SNV	- 0.46	PSEC
BIPH	- 0.42	ACGL

Risk-Adjusted Indicators

There is a big difference between RILYL Preferred Stock performing well and B Riley 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 B Riley'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
SYF	1.27	0.10	0.08	0.12	1.48	(1.37)	3.11	(2.86)	7.44
AXS	0.95	0.19	0.09	1.09	1.15	(0.95)	2.00	(2.00)	7.95
LNC	1.19	0.08	0.07	0.11	1.55	(1.27)	2.75	(3.33)	7.29
ACGL	0.83	0.08	0.03	0.46	0.99	(0.93)	1.92	(1.39)	6.74
PSEC	1.39	(0.01)	(0.01)	0.05	1.49	(1.59)	3.94	(2.26)	10.92
SNV	1.30	(0.03)	0.00	0.04	1.96	(1.29)	2.93	(1.91)	9.63
RNR	1.09	0.19	0.10	(5.89)	1.17	(1.29)	2.66	(1.73)	8.52
CADE	1.30	0.14	0.07	0.15	1.99	(1.36)	3.30	(3.04)	10.74
BIPH	0.57	(0.05)	0.00	(0.33)	0.00	0.00	1.12	(1.45)	3.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in B Riley 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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