SLM Corp Correlations

SLM Stock

USD 24.86 0.89 3.71%

The current 90-days correlation between SLM Corp and Knife River is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SLM Corp Correlation With Market

Poor diversification

The correlation between SLM Corp and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SLM Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SLM Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in SLM Stock, please use our How to Invest in SLM Corp guide.

Moving together with SLM Stock

0.8	AC	Associated Capital	Pair Corr
0.83	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.84	MC	Moelis Potential Growth	Pair Corr
0.87	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.79	TW	Tradeweb Markets Normal Trading	Pair Corr
0.77	VIRT	Virtu Financial Normal Trading	Pair Corr
0.93	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.88	EVR	Evercore Partners	Pair Corr
0.75	FRHC	Freedom Holding Corp	Pair Corr
0.87	C	Citigroup Aggressive Push	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.71	AB	AllianceBernstein	Pair Corr
0.64	AX	Axos Financial	Pair Corr
0.85	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.62	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.85	CG	Carlyle Group	Pair Corr
0.64	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.64	DB	Deutsche Bank AG	Pair Corr
0.85	FG	FG Annuities Life	Pair Corr
0.79	GL	Globe Life	Pair Corr
0.72	LC	LendingClub Corp	Pair Corr
0.72	LX	Lexinfintech Holdings	Pair Corr
0.81	MA	Mastercard	Pair Corr
0.85	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.71	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.86	PX	P10 Inc	Pair Corr

Moving against SLM Stock

0.65	XP	Xp Inc	Pair Corr
0.69	PT	Pintec Technology	Pair Corr
0.63	IX	Orix Corp Ads	Pair Corr
0.47	WU	Western Union	Pair Corr
0.4	TD	Toronto Dominion Bank Sell-off Trend	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	MLGF	KNF
SCRYX		0.58	0.27	0.25	0.61	0.73	0.43	0.73	SCRYX
MSTSX	0.58		0.16	0.8	0.56	0.87	0.77	0.74	MSTSX
MURIX	0.27	0.16		0.02	-0.21	0.44	0.12	-0.03	MURIX
EPASX	0.25	0.8	0.02		0.39	0.53	0.58	0.43	EPASX
SVII	0.61	0.56	-0.21	0.39		0.5	0.49	0.73	SVII
VLSMX	0.73	0.87	0.44	0.53	0.5		0.69	0.72	VLSMX
MLGF	0.43	0.77	0.12	0.58	0.49	0.69		0.79	MLGF
KNF	0.73	0.74	-0.03	0.43	0.73	0.72	0.79		KNF
	SCRYX	MSTSX	MURIX	EPASX	SVII	VLSMX	MLGF	KNF

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

VLSMX	+ 0.87	MSTSX
EPASX	+ 0.8	MSTSX
KNF	+ 0.79	MLGF
MLGF	+ 0.77	MSTSX
KNF	+ 0.74	MSTSX
VLSMX	+ 0.73	SCRYX

High negative correlations

SVII	- 0.21	MURIX
KNF	- 0.03	MURIX

Risk-Adjusted Indicators

There is a big difference between SLM Stock performing well and SLM Corp 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 SLM Corp'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
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
MURIX	0.39	(0.01)	0.00	0.21	0.00	0.00	0.80	(0.93)	3.44
EPASX	0.77	0.01	(0.08)	0.04	1.02	(0.83)	1.54	(1.67)	6.54
SVII	0.20	(0.02)	(0.11)	0.00	0.39	(0.32)	0.44	(0.53)	4.77
VLSMX	0.36	(0.03)	(0.14)	0.03	0.44	(0.38)	0.77	(0.76)	2.22
MLGF	0.37	0.02	(0.09)	0.28	0.36	(0.75)	1.11	(0.65)	3.32
KNF	1.58	0.26	0.15	0.22	1.88	(1.66)	4.01	(2.46)	12.96

SLM Corp Corporate Management

Munish Pahwa	Chief VP	Profile
Richard Nelson	Chief VP	Profile
Daniel Kennedy	Ex COO	Profile
Brian Cronin	VP Relations	Profile
William Wolf	Executive Officer	Profile
Tim Morrison	Sr Relations	Profile

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