Two Harbors Correlations

TWO Stock

USD 11.56 0.10 0.87%

The current 90-days correlation between Two Harbors Investments and New York Mortgage is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Two Harbors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Two Harbors Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Two Harbors Correlation With Market

Weak diversification

The correlation between Two Harbors Investments and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Two Harbors Investments 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 Two Harbors Investments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Two Stock

0.62	PT	Pintec Technology	Pair Corr
0.72	RC	Ready Capital Corp	Pair Corr
0.73	RM	Regional Management Corp	Pair Corr
0.9	WU	Western Union	Pair Corr
0.76	XP	Xp Inc	Pair Corr

Moving against Two Stock

0.87	LC	LendingClub Corp	Pair Corr
0.86	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.85	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.84	DIST	Distoken Acquisition	Pair Corr
0.84	QD	Qudian Inc	Pair Corr
0.8	BX	Blackstone Group Normal Trading	Pair Corr
0.79	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.78	CG	Carlyle Group	Pair Corr
0.75	PX	P10 Inc	Pair Corr
0.74	V	Visa Class A	Pair Corr
0.74	LX	Lexinfintech Holdings	Pair Corr
0.73	WT	WisdomTree	Pair Corr
0.72	BN	Brookfield Corp	Pair Corr
0.72	MA	Mastercard	Pair Corr
0.69	AB	AllianceBernstein	Pair Corr
0.66	AC	Associated Capital	Pair Corr
0.58	MC	Moelis Potential Growth	Pair Corr
0.58	TW	Tradeweb Markets Normal Trading	Pair Corr
0.45	DHIL	Diamond Hill Investment	Pair Corr
0.31	DB	Deutsche Bank AG	Pair Corr
0.83	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.79	VRTS	Virtus Investment	Pair Corr
0.72	DYCQ	DT Cloud Acquisition	Pair Corr
0.68	DUET	DUET Acquisition Corp	Pair Corr
0.64	TETEU	Technology Telecommunicatio	Pair Corr
0.63	VIRT	Virtu Financial Normal Trading	Pair Corr
0.62	DPCS	DP Cap Acquisition	Pair Corr
0.51	GCMGW	GCM Grosvenor	Pair Corr
0.5	NOVVU	Nova Vision Acquisition	Pair Corr
0.31	ROCLU	Roth CH Acquisition	Pair Corr

Related Correlations Analysis

	NYMT	ARR	NLY	AGNC	ORC	IVR	CIM	EFC	DX	EARN
NYMT		0.57	0.24	0.29	0.66	0.21	0.1	0.7	0.14	0.2	NYMT
ARR	0.57		0.72	0.84	0.83	0.73	0.62	0.87	0.31	0.81	ARR
NLY	0.24	0.72		0.79	0.69	0.8	0.65	0.45	0.58	0.6	NLY
AGNC	0.29	0.84	0.79		0.61	0.85	0.63	0.58	0.16	0.76	AGNC
ORC	0.66	0.83	0.69	0.61		0.55	0.41	0.82	0.52	0.59	ORC
IVR	0.21	0.73	0.8	0.85	0.55		0.79	0.42	0.39	0.7	IVR
CIM	0.1	0.62	0.65	0.63	0.41	0.79		0.35	0.54	0.67	CIM
EFC	0.7	0.87	0.45	0.58	0.82	0.42	0.35		0.19	0.68	EFC
DX	0.14	0.31	0.58	0.16	0.52	0.39	0.54	0.19		0.32	DX
EARN	0.2	0.81	0.6	0.76	0.59	0.7	0.67	0.68	0.32		EARN
	NYMT	ARR	NLY	AGNC	ORC	IVR	CIM	EFC	DX	EARN

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Risk-Adjusted Indicators

There is a big difference between Two Stock performing well and Two Harbors 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 Two Harbors' 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
NYMT	1.36	(0.15)	0.00	(0.14)	0.00	0.00	2.48	(3.32)	7.18
ARR	0.77	(0.12)	0.00	(0.20)	0.00	0.00	1.41	(2.02)	4.86
NLY	0.79	(0.03)	(0.08)	(0.04)	1.12	(0.74)	1.60	(1.77)	4.59
AGNC	0.82	(0.04)	0.00	(0.12)	0.00	0.00	1.49	(2.10)	5.49
ORC	0.86	(0.04)	(0.07)	(0.02)	1.35	(0.86)	1.66	(2.11)	6.35
IVR	1.05	(0.07)	0.00	(0.11)	0.00	0.00	1.85	(2.89)	6.35
CIM	1.03	(0.07)	(0.06)	(0.01)	1.51	(1.03)	1.80	(2.36)	8.55
EFC	0.63	(0.09)	0.00	(0.17)	0.00	0.00	1.02	(1.26)	4.21
DX	0.75	0.02	(0.03)	0.13	1.03	(0.73)	1.54	(1.52)	4.76
EARN	0.81	(0.04)	0.00	(0.10)	0.00	0.00	1.92	(1.85)	5.24

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