Finance Of Correlations
| FOA Stock | USD 0.53 0.01 1.92% |
The correlation of Finance Of 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Finance Of moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Finance of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Finance of America and NYA is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finance of America and NYA in the same portfolio, assuming nothing else is changed.
Finance |
The ability to find closely correlated positions to Finance Of could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Finance Of when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Finance Of - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Finance of America to buy it.
Moving together with Finance Stock
| 0.84 | ECPG | Encore Capital Group Earnings Call This Week | PairCorr |
| 0.7 | PJT | PJT Partners Financial Report 7th of May 2024 | PairCorr |
Moving against Finance Stock
| 0.82 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.75 | WAVS | Western Acquisition | PairCorr |
| 0.74 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.71 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.69 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
| 0.56 | SF | Stifel Financial Financial Report 24th of July 2024 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Finance Stock performing well and Finance Of 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 Finance Of'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NICK | 1.22 | (0.04) | 0.00 | (0.21) | 0.00 | 2.38 | 7.24 | |||
| RM | 1.82 | 0.08 | 0.06 | 0.09 | 1.90 | 5.40 | 12.75 | |||
| IX | 0.99 | 0.08 | 0.05 | 0.14 | 1.30 | 2.29 | 8.13 | |||
| FCFS | 1.26 | (0.06) | 0.00 | (0.02) | 0.00 | 2.29 | 17.48 | |||
| EZPW | 1.68 | 0.28 | 0.14 | 0.39 | 1.59 | 3.17 | 15.25 | |||
| SLM | 1.14 | 0.02 | 0.02 | 0.06 | 1.23 | 2.42 | 5.20 | |||
| NAVI | 1.35 | (0.27) | 0.00 | (0.15) | 0.00 | 2.28 | 7.71 | |||
| ENVA | 1.43 | (0.01) | 0.02 | 0.04 | 2.05 | 2.95 | 7.82 | |||
| CPSS | 2.21 | (0.11) | 0.00 | (0.13) | 0.00 | 5.69 | 13.42 | |||
| WRLD | 1.95 | (0.07) | 0.00 | 0.02 | 3.09 | 3.00 | 12.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Finance Of without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Finance Of Corporate Management
Elected by the shareholders, the Finance Of's board of directors comprises two types of representatives: Finance Of inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Finance. The board's role is to monitor Finance Of's management team and ensure that shareholders' interests are well served. Finance Of's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Finance Of's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Graham Fleming | Chief Officer | Profile | |
| Christine Herman | Chief Officer | Profile | |
| Tai Thornock | Chief Accounting Officer | Profile | |
| Norma Corio | Independent Director | Profile | |
| Jeremy Prahm | Chief Investment Officer | Profile | |
| Menes Chee | Independent Director | Profile |
Already Invested in Finance of America?
The danger of trading Finance of America is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Finance Of is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Finance Of. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Finance of America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Finance of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Finance Of's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Finance Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Finance Of America Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finance of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Finance Of's price analysis, check to measure Finance Of's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Finance Of is operating at the current time. Most of Finance Of's value examination focuses on studying past and present price action to predict the probability of Finance Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finance Of's price. Additionally, you may evaluate how the addition of Finance Of to your portfolios can decrease your overall portfolio volatility.
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Is Finance Of's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Finance Of. If investors know Finance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Finance Of listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.75) | Revenue Per Share 2.857 | Quarterly Revenue Growth 3.268 | Return On Assets (0.01) | Return On Equity (0.49) |
The market value of Finance of America is measured differently than its book value, which is the value of Finance that is recorded on the company's balance sheet. Investors also form their own opinion of Finance Of's value that differs from its market value or its book value, called intrinsic value, which is Finance Of's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Finance Of's market value can be influenced by many factors that don't directly affect Finance Of's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Finance Of's value and its price as these two are different measures arrived at by different means. Investors typically determine if Finance Of is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Finance Of's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.