Synchrony Financial Correlations

Preferred Stocks . USA . 
Preferred Stock . Synchrony Financial
SYF-PA Preferred Stock  USD 19.85  0.09  0.46%   
The current 90-days correlation between Synchrony Financial and Capital One Financial is 0.63 (i.e., Poor diversification). The correlation of Synchrony Financial 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.

Synchrony Financial Correlation With Market

Weak diversification

The correlation between Synchrony Financial and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synchrony Financial and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Synchrony Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synchrony Financial 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 Synchrony Financial - 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 Synchrony Financial to buy it.

Moving together with Synchrony Preferred Stock

  0.95SYF-PB Synchrony FinancialPairCorr
  0.63ATLCP Atlanticus Holdings CorpPairCorr
  0.94MBNKO Medallion BankPairCorr
  0.96COF-PK Capital One FinancialPairCorr
  0.98COF-PL Capital One FinancialPairCorr
  0.98COF-PI Capital One FinancialPairCorr
  0.97COF-PJ Capital One FinancialPairCorr
  0.97COF-PN Capital One FinancialPairCorr
  0.89AGM-PG Federal AgriculturalPairCorr
  0.85AGM-PF Federal AgriculturalPairCorr
  0.9AGM-PE Federal AgriculturalPairCorr
  0.94AGM-PD Federal AgriculturalPairCorr
  0.93C CitigroupPairCorr
  0.86L Loews CorpPairCorr
  0.95AX Axos FinancialPairCorr
  0.92BK Bank of New YorkPairCorr
  0.85BN Brookfield Corp Sell-off TrendPairCorr
  0.91BX Blackstone GroupPairCorr
  0.64BY Byline BancorpPairCorr
  0.97CG Carlyle GroupPairCorr
  0.87CM Canadian Imperial BankPairCorr
  0.89DB Deutsche Bank AGPairCorr
  0.8GL Globe LifePairCorr
  0.91GS Goldman Sachs GroupPairCorr
  0.64HG Hamilton Insurance Group,PairCorr
  0.87IX Orix Corp AdsPairCorr
  0.92LC LendingClub CorpPairCorr

Moving against Synchrony Preferred Stock

  0.81DXF Eason TechnologyPairCorr
  0.64AC Associated CapitalPairCorr
  0.54V Visa Class APairCorr
  0.78CB ChubbPairCorr
  0.73LX Lexinfintech HoldingsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Synchrony Preferred Stock performing well and Synchrony Financial 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 Synchrony Financial'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Synchrony Financial 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.

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Synchrony Financial Corporate Management

Kathryn MillerVP RelationsProfile
Brian SrEx CFOProfile
Carol JuelEx OfficerProfile
Thomas QuindlenValue DiversifiedProfile
Jonathan EsqGen VPProfile
Brian DoublesCEO PresProfile
Margaret KeaneEx BoardProfile
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