SLM Corp Correlations

SLM Stock

USD 26.89 0.48 1.75%

The current 90-days correlation between SLM Corp and Navient SR is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SLM Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SLM Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SLM Corp Correlation With Market

Very weak diversification

The correlation between SLM Corp and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SLM Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SLM Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SLM Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in SLM Stock, please use our How to Invest in SLM Corp guide.

Moving against SLM Stock

0.48	SLF	Sun Life Financial	Pair Corr
0.41	GE	GE Aerospace	Pair Corr
0.41	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	JSM	CACC	OBDC	NNI	FNB	COLB	ESNT	OMF	THG	PIPR
JSM		0.51	0.24	0.07	0.37	0.11	0.06	-0.04	0.25	0.5	JSM
CACC	0.51		0.56	0.04	0.03	-0.28	0.06	-0.22	-0.24	0.59	CACC
OBDC	0.24	0.56		0.08	0.47	0.29	0.51	0.42	-0.17	0.62	OBDC
NNI	0.07	0.04	0.08		0.3	0.45	-0.19	0.3	0.1	0.06	NNI
FNB	0.37	0.03	0.47	0.3		0.88	0.61	0.83	0.62	0.54	FNB
COLB	0.11	-0.28	0.29	0.45	0.88		0.42	0.88	0.54	0.23	COLB
ESNT	0.06	0.06	0.51	-0.19	0.61	0.42		0.63	0.33	0.62	ESNT
OMF	-0.04	-0.22	0.42	0.3	0.83	0.88	0.63		0.41	0.34	OMF
THG	0.25	-0.24	-0.17	0.1	0.62	0.54	0.33	0.41		0.03	THG
PIPR	0.5	0.59	0.62	0.06	0.54	0.23	0.62	0.34	0.03		PIPR
	JSM	CACC	OBDC	NNI	FNB	COLB	ESNT	OMF	THG	PIPR

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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

COLB	+ 0.88	FNB
OMF	+ 0.88	COLB
OMF	+ 0.83	FNB
OMF	+ 0.63	ESNT
PIPR	+ 0.62	OBDC
THG	+ 0.62	FNB

High negative correlations

COLB	- 0.28	CACC
THG	- 0.24	CACC
OMF	- 0.22	CACC
ESNT	- 0.19	NNI
THG	- 0.17	OBDC
OMF	- 0.04	JSM

Risk-Adjusted Indicators

There is a big difference between SLM Stock performing well and SLM Corp 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 SLM Corp'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
JSM	0.66	0.01	(0.03)	0.11	0.80	(0.73)	1.47	(1.52)	3.94
CACC	2.15	(0.28)	0.00	(0.06)	0.00	0.00	4.09	(5.96)	13.56
OBDC	1.07	(0.15)	0.00	(0.10)	0.00	0.00	2.51	(2.56)	8.37
NNI	1.01	0.05	0.03	0.14	1.01	(1.14)	2.43	(1.55)	7.06
FNB	1.21	0.01	0.02	0.07	1.76	(1.30)	2.92	(2.18)	10.43
COLB	1.56	0.08	0.06	0.11	1.97	(1.67)	4.02	(2.26)	12.15
ESNT	0.87	(0.02)	(0.06)	0.02	0.98	(1.01)	1.72	(1.61)	5.42
OMF	1.58	0.08	0.08	0.11	1.61	(1.83)	3.70	(3.20)	9.72
THG	0.87	0.02	(0.02)	0.12	1.24	(0.87)	1.98	(2.38)	5.19
PIPR	1.56	(0.06)	(0.01)	0.03	2.22	(1.49)	2.93	(3.13)	10.17

SLM Corp Corporate Management

Daniel Kennedy	Ex COO	Profile
Brian Cronin	VP Relations	Profile
William Wolf	Executive Officer	Profile
Kate deLacy	Senior Relations	Profile
Tim Morrison	Sr Relations	Profile
Munish Pahwa	Executive Officer	Profile

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