Correlation Analysis Between PHH Corp and Stifel Financial

This module allows you to analyze existing cross correlation between PHH Corp and Stifel Financial Corporation. You can compare the effects of market volatilities on PHH Corp and Stifel Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in PHH Corp with a short position of Stifel Financial. See also your portfolio center. Please also check ongoing floating volatility patterns of PHH Corp and Stifel Financial.
Horizon     30 Days    Login   to change
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Comparative Performance

PHH Corp  
00

Risk-Adjusted Performance

Over the last 30 days PHH Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, PHH Corp is not utilizing all of its potentials. The ongoing stock price disturbance, may contribute to mid-run losses for the stockholder.
Stifel Financial  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Stifel Financial Corporation are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. In spite of rather uncertain fundamental drivers, Stifel Financial exhibited solid returns over the last few months and may actually be approaching a breakup point.

PHH Corp and Stifel Financial Volatility Contrast

 Predicted Return Density 
      Returns 

PHH Corp  vs.  Stifel Financial Corp.

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5,281  in Stifel Financial Corporation on October 18, 2019 and sell it today you would earn a total of  767.00  from holding Stifel Financial Corporation or generate 14.52% return on investment over 30 days.

Pair Corralation between PHH Corp and Stifel Financial

0.06
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for PHH Corp and Stifel Financial

PHH Corp diversification synergy

Significant diversification

Overlapping area represents the amount of risk that can be diversified away by holding PHH Corp and Stifel Financial Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stifel Financial and PHH Corp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on PHH Corp are associated (or correlated) with Stifel Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stifel Financial has no effect on the direction of PHH Corp i.e. PHH Corp and Stifel Financial go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.


 
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