SoFi Technologies Correlations

SOFI Stock

USD 16.21 1.02 6.71%

The current 90-days correlation between SoFi Technologies and Upstart Holdings is 0.37 (i.e., Weak diversification). The correlation of SoFi Technologies 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.

SoFi Technologies Correlation With Market

Modest diversification

The correlation between SoFi Technologies and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoFi Technologies 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 SoFi Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.

Moving together with SoFi Stock

0.67	AXP	American Express	Pair Corr
0.64	CG	Carlyle Group	Pair Corr
0.7	HG	Hamilton Insurance Group,	Pair Corr
0.67	PX	P10 Inc	Pair Corr

Moving against SoFi Stock

0.43	XP	Xp Inc Normal Trading	Pair Corr
0.38	NU	Nu Holdings	Pair Corr

Related Correlations Analysis

	UPST	AFRM	LCID	PLTR	RBLX
UPST		0.59	-0.37	0.14	-0.33	UPST
AFRM	0.59		0.03	0.55	-0.05	AFRM
LCID	-0.37	0.03		0.51	0.67	LCID
PLTR	0.14	0.55	0.51		0.64	PLTR
RBLX	-0.33	-0.05	0.67	0.64		RBLX
	UPST	AFRM	LCID	PLTR	RBLX

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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

RBLX	+ 0.67	LCID
RBLX	+ 0.64	PLTR
AFRM	+ 0.59	UPST
PLTR	+ 0.55	AFRM
PLTR	+ 0.51	LCID
PLTR	+ 0.14	UPST

High negative correlations

LCID	- 0.37	UPST
RBLX	- 0.33	UPST
RBLX	- 0.05	AFRM

Risk-Adjusted Indicators

There is a big difference between SoFi Stock performing well and SoFi Technologies 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 SoFi Technologies' 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
UPST	3.87	0.19	0.04	0.22	4.62	(4.76)	8.00	(8.31)	37.02
AFRM	3.71	0.96	0.27	3.02	3.18	(4.77)	6.38	(5.07)	34.55
LCID	3.47	0.71	0.17	(23.31)	3.80	(3.89)	10.05	(6.84)	21.67
PLTR	3.24	1.18	0.36	0.94	2.65	(3.98)	8.54	(4.97)	27.45
RBLX	1.86	0.39	0.14	1.39	2.53	(2.09)	4.12	(4.00)	19.13

SoFi Technologies Corporate Management

Chad Borton	Group EVP	Profile
Katie Wells	Executive Member	Profile
Anthony Noto	CEO Director	Profile
Robert Lavet	General Secretary	Profile
Stephen Simcock	General Counsel	Profile
Diane Tucker	Senior Operations	Profile
Lauren Webb	Chief Officer	Profile

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