Encore Capital Correlations

ECPG Stock

USD 41.84 0.42 1.01%

The current 90-days correlation between Encore Capital Group and Onity Group is -0.02 (i.e., Good diversification). The correlation of Encore 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.

Encore Capital Correlation With Market

Good diversification

The correlation between Encore Capital Group and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Encore Capital Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Encore Stock

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

Moving together with Encore Stock

0.65	AXP	American Express Sell-off Trend	Pair Corr
0.72	JXN	Jackson Financial	Pair Corr
0.63	SAR	Saratoga Investment Corp	Pair Corr
0.66	ALLY	Ally Financial	Pair Corr
0.67	L	Loews Corp	Pair Corr

Moving against Encore Stock

0.69	TW	Tradeweb Markets	Pair Corr
0.6	ETOR	eToro Group Normal Trading	Pair Corr
0.39	CWD	CaliberCos Class A Trending	Pair Corr
0.51	FSK	FS KKR Capital	Pair Corr
0.61	AC	Associated Capital	Pair Corr

Related Correlations Analysis

	ONIT	CNF	GHLD	PFSI	PRAA	WRLD	EGBN	EFSC	DORM
ONIT		-0.46	0.34	0.7	0.69	0.39	0.0	0.54	0.79	ONIT
CNF	-0.46		0.43	-0.31	-0.09	0.16	0.22	0.03	-0.52	CNF
GHLD	0.34	0.43		0.44	0.58	0.52	0.26	0.63	0.25	GHLD
PFSI	0.7	-0.31	0.44		0.83	0.72	0.48	0.8	0.76	PFSI
PRAA	0.69	-0.09	0.58	0.83		0.67	0.36	0.9	0.69	PRAA
WRLD	0.39	0.16	0.52	0.72	0.67		0.71	0.78	0.41	WRLD
EGBN	0.0	0.22	0.26	0.48	0.36	0.71		0.6	0.04	EGBN
EFSC	0.54	0.03	0.63	0.8	0.9	0.78	0.6		0.54	EFSC
DORM	0.79	-0.52	0.25	0.76	0.69	0.41	0.04	0.54		DORM
	ONIT	CNF	GHLD	PFSI	PRAA	WRLD	EGBN	EFSC	DORM

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

EFSC	+ 0.9	PRAA
PRAA	+ 0.83	PFSI
EFSC	+ 0.8	PFSI
DORM	+ 0.79	ONIT
EFSC	+ 0.78	WRLD
DORM	+ 0.76	PFSI

High negative correlations

DORM	- 0.52	CNF
CNF	- 0.46	ONIT
PFSI	- 0.31	CNF
PRAA	- 0.09	CNF
EGBN	- 0.0	ONIT

Risk-Adjusted Indicators

There is a big difference between Encore Stock performing well and Encore 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 Encore 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
ONIT	1.44	0.04	0.05	0.13	1.81	(1.55)	3.05	(3.04)	8.38
CNF	4.79	0.00	0.00	0.10	0.00	0.00	9.72	(9.46)	30.86
GHLD	1.20	0.67	0.48	(0.89)	0.00	(1.38)	3.06	(0.26)	25.90
PFSI	1.43	0.28	0.07	(0.49)	1.84	(1.56)	2.91	(2.67)	9.74
PRAA	1.68	0.35	0.10	(0.34)	1.44	(2.04)	3.78	(2.75)	8.28
WRLD	1.72	0.24	0.02	(0.16)	2.24	(1.84)	3.77	(3.20)	13.61
EGBN	2.18	0.35	0.04	(0.37)	4.20	(2.25)	4.95	(2.94)	27.32
EFSC	1.12	0.28	0.13	(1.02)	0.97	(1.35)	2.48	(2.19)	6.21
DORM	1.48	0.17	0.15	0.19	1.35	(1.72)	4.77	(2.78)	11.40

Encore Capital Corporate Management

Tomas Hernanz	Treasurer VP	Profile
Craig Buick	CEO Group	Profile
Faryar Borhani	Senior Communications	Profile
Andrew Asch	Sr Counsel	Profile
Tracy Ting	Senior Officer	Profile
Peter Reck	Principal Officer	Profile

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