Redwood Trust Correlations

Stocks . USA . 
Stock . Redwood Trust
RWT Stock  USD 7.12  0.08  1.11%   
The current 90-days correlation between Redwood Trust and Ellington Financial is -0.02 (i.e., Good diversification). The correlation of Redwood Trust 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. If the correlation is 0, the equities are not correlated; they are entirely random.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redwood Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
For more information on how to buy Redwood Stock please use our How to Invest in Redwood Trust guide.

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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   
IVR
+ 0.85
AGNC
TWO
+ 0.84
EFC
AGNC
+ 0.81
TWO
AGNC
+ 0.73
EARN
TWO
+ 0.71
EARN
TWO
+ 0.71
CHMI
  
High negative correlations   
CHMI
- 0.29
ACRE

Risk-Adjusted Indicators

There is a big difference between Redwood Stock performing well and Redwood Trust 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 Redwood Trust'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.

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