SWK Holdings Correlations

SWKH Stock

USD 15.79 0.16 1.00%

The current 90-days correlation between SWK Holdings Corp and Invesco Trust For is -0.01 (i.e., Good diversification). The correlation of SWK Holdings 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.

SWK Holdings Correlation With Market

Very weak diversification

The correlation between SWK Holdings Corp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SWK Holdings 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 SWK Holdings 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 industry.

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

Moving together with SWK Stock

0.61	RM	Regional Management Corp	Pair Corr
0.7	WU	Western Union	Pair Corr
0.82	XP	Xp Inc	Pair Corr

Moving against SWK Stock

0.87	DIST	Distoken Acquisition	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.81	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.77	V	Visa Class A	Pair Corr
0.77	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.76	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.73	LC	LendingClub Corp	Pair Corr
0.72	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.71	QD	Qudian Inc	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.66	BN	Brookfield Corp	Pair Corr
0.62	TW	Tradeweb Markets	Pair Corr
0.59	AC	Associated Capital	Pair Corr
0.57	LX	Lexinfintech Holdings Trending	Pair Corr
0.55	DHIL	Diamond Hill Investment	Pair Corr
0.55	AB	AllianceBernstein	Pair Corr
0.55	MC	Moelis	Pair Corr
0.82	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.78	WT	WisdomTree	Pair Corr
0.77	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.7	VRTS	Virtus Investment	Pair Corr
0.67	DUET	DUET Acquisition Corp	Pair Corr
0.62	DYCQ	DT Cloud Acquisition	Pair Corr
0.52	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	VTN	VCV	GNT	NQP	VKI	PNF	VPV	MHN	EOT	NAN
VTN		0.57	0.27	0.56	0.59	0.64	0.88	0.69	0.35	0.72	VTN
VCV	0.57		-0.1	0.94	0.44	0.46	0.35	0.45	0.42	0.19	VCV
GNT	0.27	-0.1		0.12	0.07	0.58	0.47	0.57	0.39	0.45	GNT
NQP	0.56	0.94	0.12		0.46	0.6	0.41	0.6	0.52	0.28	NQP
VKI	0.59	0.44	0.07	0.46		0.71	0.69	0.72	0.7	0.77	VKI
PNF	0.64	0.46	0.58	0.6	0.71		0.79	0.95	0.8	0.8	PNF
VPV	0.88	0.35	0.47	0.41	0.69	0.79		0.84	0.54	0.89	VPV
MHN	0.69	0.45	0.57	0.6	0.72	0.95	0.84		0.75	0.83	MHN
EOT	0.35	0.42	0.39	0.52	0.7	0.8	0.54	0.75		0.52	EOT
NAN	0.72	0.19	0.45	0.28	0.77	0.8	0.89	0.83	0.52		NAN
	VTN	VCV	GNT	NQP	VKI	PNF	VPV	MHN	EOT	NAN

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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

MHN	+ 0.95	PNF
NQP	+ 0.94	VCV
NAN	+ 0.89	VPV
VPV	+ 0.88	VTN
MHN	+ 0.84	VPV
NAN	+ 0.83	MHN

High negative correlations

GNT

- 0.1

VCV

Risk-Adjusted Indicators

There is a big difference between SWK Stock performing well and SWK Holdings 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 SWK Holdings' 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
VTN	0.35	0.03	(0.17)	1.62	0.45	(0.38)	0.71	(0.70)	2.23
VCV	0.54	(0.04)	0.00	1.01	0.00	0.00	0.95	(0.97)	3.87
GNT	0.84	(0.02)	(0.08)	0.07	0.96	(1.03)	1.71	(1.98)	5.15
NQP	0.39	(0.04)	0.00	7.22	0.00	0.00	0.74	(1.02)	2.12
VKI	0.39	0.03	(0.19)	(6.48)	0.40	(0.45)	0.79	(0.66)	2.47
PNF	0.38	0.00	(0.23)	(0.38)	0.42	(0.53)	1.13	(0.75)	2.74
VPV	0.31	0.03	(0.22)	2.37	0.32	(0.37)	0.63	(0.54)	1.79
MHN	0.37	0.00	(0.14)	0.16	0.63	(0.33)	0.75	(1.03)	2.69
EOT	0.36	0.01	(0.23)	(0.44)	0.41	(0.43)	0.86	(0.87)	2.08
NAN	0.38	0.03	(0.17)	1.50	0.42	(0.42)	0.78	(0.77)	2.12

SWK Holdings Corporate Management

Courtney CPA	Controller	Profile
David Earhart	General Secretary	Profile
Yvette Heinrichson	Chief Officer	Profile
John Tamas	Director Underwriting	Profile

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