Dynex Capital Correlations

DX Stock

USD 13.24 0.12 0.91%

The current 90-days correlation between Dynex Capital and Franklin BSP Realty is 0.52 (i.e., Very weak diversification). The correlation of Dynex Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dynex Capital Correlation With Market

Weak diversification

The correlation between Dynex Capital and DJI 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 Dynex Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dynex Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynex Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

For more information on how to buy Dynex Stock please use our How to Invest in Dynex Capital guide.

Moving together with Dynex Stock

0.89	ORC	Orchid Island Capital	Pair Corr
0.72	PMT	PennyMac Mortgage	Pair Corr
0.85	SSNLF	Samsung Electronics	Pair Corr
0.77	PTAIY	Astra International Tbk	Pair Corr
0.82	EXC	Exelon	Pair Corr
0.81	SNOW	Snowflake	Pair Corr
0.73	AEP	American Electric Power	Pair Corr
0.7	TERN	Terns Pharmaceuticals	Pair Corr
0.85	DRMMF	Dream International	Pair Corr
0.82	AIAGF	Aurubis AG	Pair Corr
0.76	DLTTF	Dalata Hotel Group	Pair Corr
0.82	UNFI	United Natural Foods	Pair Corr
0.83	VRT	Vertiv Holdings	Pair Corr
0.81	MALRF	Mineral Resources	Pair Corr
0.86	HHUSF	Hua Hong Semiconductor	Pair Corr
0.9	MMNT	Momentous Holdings Corp	Pair Corr
0.75	BLLYF	Bluejay Mining plc	Pair Corr

Moving against Dynex Stock

0.62	PTAIF	PT Astra International	Pair Corr
0.59	BKRKY	Bank Rakyat	Pair Corr
0.48	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.39	CIM	Chimera Investment Earnings Call This Week	Pair Corr
0.36	PTBRY	Bank Negara Indonesia	Pair Corr
0.35	PPERF	Bank Mandiri Persero	Pair Corr
0.56	GENI	Genius Sports	Pair Corr
0.44	MSI	Motorola Solutions Earnings Call This Week	Pair Corr
0.35	SOBO	South Bow	Pair Corr

Related Correlations Analysis

	FBRT	PMT	ARR	LADR	EPR	TRTX	EFC	KREF
FBRT		0.33	-0.4	0.75	0.35	0.75	0.43	0.72	FBRT
PMT	0.33		0.52	0.06	-0.04	0.27	0.51	-0.18	PMT
ARR	-0.4	0.52		-0.44	-0.25	-0.22	0.11	-0.6	ARR
LADR	0.75	0.06	-0.44		0.1	0.87	0.18	0.87	LADR
EPR	0.35	-0.04	-0.25	0.1		-0.04	-0.27	0.31	EPR
TRTX	0.75	0.27	-0.22	0.87	-0.04		0.41	0.73	TRTX
EFC	0.43	0.51	0.11	0.18	-0.27	0.41		-0.07	EFC
KREF	0.72	-0.18	-0.6	0.87	0.31	0.73	-0.07		KREF
	FBRT	PMT	ARR	LADR	EPR	TRTX	EFC	KREF

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

TRTX	+ 0.87	LADR
KREF	+ 0.87	LADR
LADR	+ 0.75	FBRT
TRTX	+ 0.75	FBRT
KREF	+ 0.73	TRTX
KREF	+ 0.72	FBRT

High negative correlations

KREF	- 0.6	ARR
LADR	- 0.44	ARR
ARR	- 0.4	FBRT
EFC	- 0.27	EPR
EPR	- 0.25	ARR
TRTX	- 0.22	ARR

Risk-Adjusted Indicators

There is a big difference between Dynex Stock performing well and Dynex Capital 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 Dynex Capital'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
FBRT	0.87	0.00	(0.04)	0.10	1.13	(0.91)	1.82	(1.61)	7.72
PMT	1.05	0.00	(0.02)	0.11	1.11	(1.25)	2.22	(2.27)	10.65
ARR	1.15	(0.04)	(0.05)	0.04	1.64	(1.22)	2.22	(1.60)	6.77
LADR	0.79	(0.11)	0.00	(0.03)	0.00	0.00	1.57	(1.38)	6.01
EPR	1.01	(0.21)	0.00	(0.27)	0.00	0.00	1.63	(2.55)	9.92
TRTX	0.99	(0.07)	(0.05)	0.03	1.27	(1.00)	2.28	(2.18)	5.77
EFC	0.78	0.05	0.01	0.20	0.67	(0.92)	2.03	(1.37)	4.02
KREF	1.14	(0.23)	0.00	(0.11)	0.00	0.00	2.05	(2.34)	8.94

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