Synchrony Financial Correlations

S1YF34 Stock

BRL 414.00 2.00 0.48%

The current 90-days correlation between Synchrony Financial and Automatic Data Processing is 0.26 (i.e., Modest diversification). The correlation of Synchrony Financial 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.

Synchrony Financial Correlation With Market

Good diversification

The correlation between Synchrony Financial and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synchrony Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Synchrony Stock

0.8	VISA34	Visa Inc	Pair Corr
0.84	PYPL34	PayPal Holdings	Pair Corr
0.94	CAON34	Capital One Financial	Pair Corr
0.8	A1LL34	Bread Financial Holdings	Pair Corr
0.63	TMCO34	Toyota Motor	Pair Corr
0.89	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.91	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.86	SNEC34	Sony Group	Pair Corr
0.72	NMRH34	Nomura Holdings	Pair Corr

Related Correlations Analysis

	T2DH34	ADPR34	O2NS34	CVSH34	XRAY34	SSFO34	B1TI34	O2HI34
T2DH34		0.38	0.35	0.37	-0.36	0.53	0.54	0.12	T2DH34
ADPR34	0.38		-0.09	-0.2	-0.49	0.83	0.64	0.07	ADPR34
O2NS34	0.35	-0.09		0.2	-0.4	0.06	0.0	0.5	O2NS34
CVSH34	0.37	-0.2	0.2		-0.14	-0.23	-0.35	0.09	CVSH34
XRAY34	-0.36	-0.49	-0.4	-0.14		-0.58	-0.33	-0.4	XRAY34
SSFO34	0.53	0.83	0.06	-0.23	-0.58		0.77	0.16	SSFO34
B1TI34	0.54	0.64	0.0	-0.35	-0.33	0.77		0.16	B1TI34
O2HI34	0.12	0.07	0.5	0.09	-0.4	0.16	0.16		O2HI34
	T2DH34	ADPR34	O2NS34	CVSH34	XRAY34	SSFO34	B1TI34	O2HI34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SSFO34	+ 0.83	ADPR34
B1TI34	+ 0.77	SSFO34
B1TI34	+ 0.64	ADPR34
B1TI34	+ 0.54	T2DH34
SSFO34	+ 0.53	T2DH34
O2HI34	+ 0.5	O2NS34

High negative correlations

SSFO34	- 0.58	XRAY34
XRAY34	- 0.49	ADPR34
O2HI34	- 0.4	XRAY34
XRAY34	- 0.4	O2NS34
XRAY34	- 0.36	T2DH34
B1TI34	- 0.35	CVSH34

Risk-Adjusted Indicators

There is a big difference between Synchrony Stock performing well and Synchrony Financial 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 Synchrony Financial'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
T2DH34	3.20	0.35	0.09	(0.77)	3.15	(4.06)	7.95	(6.12)	23.23
ADPR34	0.80	0.11	0.04	(0.80)	0.93	(1.08)	2.75	(2.00)	7.26
O2NS34	1.77	(0.25)	0.00	(0.34)	0.00	0.00	6.04	(4.94)	18.92
CVSH34	2.39	0.02	(0.01)	(0.40)	3.70	(2.30)	6.32	(5.60)	23.65
XRAY34	0.02	(0.01)	0.00	0.30	0.00	0.00	0.00	0.00	0.49
SSFO34	1.88	0.33	0.14	0.99	1.86	(2.35)	5.32	(3.90)	16.34
B1TI34	1.30	0.22	0.06	0.70	2.76	(1.37)	3.20	(2.16)	18.52
O2HI34	1.05	(0.06)	0.00	(0.06)	0.00	0.00	2.60	(3.16)	11.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Synchrony Financial 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.

Did you try this?

Run Balance Of Power Now

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC