Synchrony Financial Correlations

SYF Stock

USD 68.98 0.49 0.71%

The current 90-days correlation between Synchrony Financial and Ally Financial is 0.68 (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

Average diversification

The correlation between Synchrony Financial and DJI is 0.16 (i.e., Average 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

0.91	AXP	American Express	Pair Corr
0.82	C	Citigroup Earnings Call This Week	Pair Corr
0.75	L	Loews Corp Earnings Call This Week	Pair Corr
0.88	V	Visa Class A	Pair Corr
0.69	BK	Bank of New York	Pair Corr
0.82	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.71	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.86	GS	Goldman Sachs Group	Pair Corr
0.82	HG	Hamilton Insurance Group,	Pair Corr
0.75	LC	LendingClub Corp Downward Rally	Pair Corr
0.66	LX	Lexinfintech Holdings Downward Rally	Pair Corr
0.7	MA	Mastercard	Pair Corr
0.91	MC	Moelis Earnings Call This Week	Pair Corr

Moving against Synchrony Stock

0.53	CNO-PA	CNO Financial Group	Pair Corr
0.34	CB	Chubb	Pair Corr
0.31	RF-PE	Regions Financial	Pair Corr
0.53	NU	Nu Holdings Aggressive Push	Pair Corr
0.4	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.39	WD	Walker Dunlop	Pair Corr
0.35	WF	Woori Financial Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	COF	AXP	ALLY	MA	DFS	V	MGI	LC	NAVI
COF		0.89	0.83	0.77	0.98	0.88	0.13	0.55	0.05	COF
AXP	0.89		0.71	0.72	0.94	0.91	0.17	0.72	-0.24	AXP
ALLY	0.83	0.71		0.69	0.76	0.61	0.07	0.39	0.39	ALLY
MA	0.77	0.72	0.69		0.77	0.85	-0.04	0.45	0.13	MA
DFS	0.98	0.94	0.76	0.77		0.92	0.17	0.59	-0.09	DFS
V	0.88	0.91	0.61	0.85	0.92		0.05	0.65	-0.21	V
MGI	0.13	0.17	0.07	-0.04	0.17	0.05		-0.15	-0.4	MGI
LC	0.55	0.72	0.39	0.45	0.59	0.65	-0.15		-0.24	LC
NAVI	0.05	-0.24	0.39	0.13	-0.09	-0.21	-0.4	-0.24		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	+ 0.98	COF
DFS	+ 0.94	AXP
V	+ 0.92	DFS
V	+ 0.91	AXP
AXP	+ 0.89	COF
V	+ 0.88	COF

High negative correlations

NAVI	- 0.4	MGI
NAVI	- 0.24	LC
NAVI	- 0.24	AXP
NAVI	- 0.21	V
LC	- 0.15	MGI
NAVI	- 0.09	DFS

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	1.59	0.40	0.24	0.63	1.15	(1.87)	3.23	(2.39)	18.73
AXP	1.15	0.20	0.11	0.42	1.19	(1.21)	2.13	(2.39)	11.46
ALLY	1.45	0.15	0.09	0.25	1.53	(1.74)	3.85	(2.69)	12.94
MA	0.83	0.14	0.06	0.70	0.87	(0.92)	2.62	(1.81)	5.20
DFS	1.76	0.51	0.26	0.97	1.35	(2.09)	3.70	(3.23)	24.36
V	0.75	0.27	0.22	1.57	0.52	(0.89)	2.13	(1.15)	7.49
MGI	0.85	0.04	(0.03)	(0.72)	1.36	(1.31)	2.52	(2.02)	13.24
LC	2.61	0.03	0.00	0.13	3.70	(2.73)	5.71	(5.46)	24.53
NAVI	1.66	(0.11)	0.00	(0.14)	0.00	0.00	2.44	(3.25)	17.81

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