Synchrony Financial Correlations

SYF Stock

USD 67.04 1.05 1.59%

The current 90-days correlation between Synchrony Financial and Ally Financial is 0.63 (i.e., Poor 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

Poor diversification

The correlation between Synchrony Financial and DJI is 0.76 (i.e., Poor 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.

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

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

Moving together with Synchrony Stock

0.87	V	Visa Class A	Pair Corr
0.77	DHIL	Diamond Hill Investment	Pair Corr
0.91	DIST	Distoken Acquisition	Pair Corr
0.8	AB	AllianceBernstein	Pair Corr
0.77	AC	Associated Capital	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.98	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.94	LC	LendingClub Corp	Pair Corr
0.7	LX	Lexinfintech Holdings	Pair Corr
0.86	MA	Mastercard	Pair Corr
0.86	MC	Moelis	Pair Corr
0.98	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.85	PX	P10 Inc	Pair Corr
0.81	QD	Qudian Inc	Pair Corr
0.97	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.68	TW	Tradeweb Markets	Pair Corr
0.9	WT	WisdomTree	Pair Corr
0.95	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.81	DUET	DUET Acquisition Corp	Pair Corr
0.83	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.82	DYCQ	DT Cloud Acquisition	Pair Corr
0.96	VRTS	Virtus Investment	Pair Corr

Moving against Synchrony Stock

0.82	WU	Western Union	Pair Corr
0.73	XP	Xp Inc	Pair Corr
0.61	PT	Pintec Technology	Pair Corr
0.53	RM	Regional Management Corp	Pair Corr
0.37	DMYY	dMY Squared Technology	Pair Corr
0.34	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.82	BRKHU	BurTech Acquisition Corp	Pair Corr
0.71	BRKHW	BurTech Acquisition Corp	Pair Corr
0.56	BRACU	Broad Capital Acquisition	Pair Corr
0.33	DISTW	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	COF	AXP	ALLY	MA	DFS	V	MGI	LC	NAVI
COF		0.9	-0.03	0.85	1.0	0.87	0.4	0.93	-0.38	COF
AXP	0.9		-0.25	0.89	0.9	0.75	0.13	0.8	-0.31	AXP
ALLY	-0.03	-0.25		-0.42	-0.01	-0.16	0.27	0.12	0.44	ALLY
MA	0.85	0.89	-0.42		0.84	0.82	0.11	0.76	-0.42	MA
DFS	1.0	0.9	-0.01	0.84		0.88	0.39	0.92	-0.33	DFS
V	0.87	0.75	-0.16	0.82	0.88		0.35	0.78	-0.38	V
MGI	0.4	0.13	0.27	0.11	0.39	0.35		0.47	-0.33	MGI
LC	0.93	0.8	0.12	0.76	0.92	0.78	0.47		-0.39	LC
NAVI	-0.38	-0.31	0.44	-0.42	-0.33	-0.38	-0.33	-0.39		NAVI
	COF	AXP	ALLY	MA	DFS	V	MGI	LC	NAVI

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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

DFS	+ 1.0	COF
LC	+ 0.93	COF
LC	+ 0.92	DFS
AXP	+ 0.9	COF
DFS	+ 0.9	AXP
MA	+ 0.89	AXP

High negative correlations

NAVI	- 0.42	MA
MA	- 0.42	ALLY
NAVI	- 0.39	LC
NAVI	- 0.38	V
NAVI	- 0.38	COF
NAVI	- 0.33	MGI

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
COF	1.71	0.17	0.24	0.19	1.17	(2.22)	5.23	(2.39)	18.23
AXP	1.25	0.10	0.13	0.18	1.13	(1.36)	2.83	(2.19)	9.79
ALLY	1.55	(0.34)	0.00	(0.05)	0.00	0.00	2.84	(2.91)	21.67
MA	0.72	0.07	0.04	0.22	0.72	(0.81)	1.70	(1.33)	5.05
DFS	1.97	0.15	0.22	0.17	1.47	(2.46)	4.04	(2.77)	24.36
V	0.83	0.13	0.08	0.29	1.06	(0.96)	2.23	(1.30)	7.73
MGI	0.85	0.06	(0.05)	(0.15)	1.36	(1.31)	2.52	(2.02)	13.24
LC	2.45	0.28	0.19	0.24	1.98	(2.82)	5.23	(3.31)	15.07
NAVI	1.61	(0.21)	(0.05)	0.01	2.09	(1.74)	3.27	(3.50)	13.67

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