Onemain Holdings Correlations


USD 39.89  0.72  1.84%   

The correlation of Onemain Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onemain Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onemain Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please check Your Equity Center.
The ability to find closely correlated positions to Onemain Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onemain Holdings 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 Onemain Holdings - 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 Onemain Holdings to buy it.

Moving together with Onemain Holdings

0.84NTRSNorthern Trust CorpPairCorr
0.62SEICSei InvestmentsPairCorr
0.71SFStifel Financial CorpPairCorr
0.81SLMSLM CorpPairCorr
0.67SYFSynchrony FinancialPairCorr
0.79WUWestern UnionPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
High negative correlations   

Onemain Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Onemain Holdings stock performing well and Onemain Holdings company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Onemain Holdings' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
NDAQ 1.30  0.35  0.26  0.44  1.06  0.20 (1.62)  3.03 (1.92)  7.23 
NLY 1.52  0.04  0.02  0.10  2.29  0.0199 (1.51)  3.66 (3.57)  10.63 
NTRS 1.53 (0.07) (0.02)  0.02  1.95 (0.0246) (1.51)  3.07 (2.96)  9.03 
PFG 1.62  0.15  0.08  0.19  1.83  0.08 (1.76)  3.55 (3.41)  9.46 
PNC 1.38  0.05  0.04  0.12  1.43  0.0361 (1.52)  3.32 (2.81)  8.03 
SCHW 1.76  0.16  0.10  0.19  1.60  0.08 (1.93)  3.98 (2.95)  10.01 
SF 1.67  0.02  0.02  0.08  2.07  0.0222 (1.85)  3.99 (2.91)  10.07 
STT 2.03  0.07  0.06  0.11  1.96  0.046 (2.42)  3.65 (3.51)  11.80 
TROW 2.06  0.03  0.03  0.09  2.45  0.031 (2.22)  3.89 (3.62)  9.93 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Onemain Holdings without increasing your portfolio risk or giving up 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.

Did you try this?

Run Risk-Return Analysis Now


Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

Onemain Holdings Corporate Directors

Onemain Holdings corporate directors refer to members of an Onemain Holdings board of directors. The board of directors generally takes responsibility for the Onemain Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Onemain Holdings' board members must vote for the resolution. The Onemain Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Douglas Jacobs - Independent DirectorProfile
Marc Becker - Independent DirectorProfile
Roy Guthrie - Presiding Independent DirectorProfile
Ronald Lott - Independent DirectorProfile

Invested in Onemain Holdings?

You need to understand the risk of investing before taking a position in Onemain Holdings. The danger of trading Onemain Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Onemain Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Onemain Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Onemain Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Onemain Holdings information on this page should be used as a complementary analysis to other Onemain Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Onemain Stock analysis

When running Onemain Holdings price analysis, check to measure Onemain Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Onemain Holdings is operating at the current time. Most of Onemain Holdings' value examination focuses on studying past and present price action to predict the probability of Onemain Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Onemain Holdings' price. Additionally, you may evaluate how the addition of Onemain Holdings to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Global Correlations
Find global opportunities by holding instruments from different markets
Is Onemain Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onemain Holdings. If investors know Onemain will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onemain Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
Market Capitalization
4.9 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Onemain Holdings is measured differently than its book value, which is the value of Onemain that is recorded on the company's balance sheet. Investors also form their own opinion of Onemain Holdings' value that differs from its market value or its book value, called intrinsic value, which is Onemain Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onemain Holdings' market value can be influenced by many factors that don't directly affect Onemain Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onemain Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Onemain Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onemain Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.