Navient Corp Correlations
| NAVI Stock | USD 15.72 0.04 0.25% |
The correlation of Navient Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Navient Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Navient Corp 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.
Very weak diversification
The correlation between Navient Corp and NYA is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Navient Corp and NYA in the same portfolio, assuming nothing else is changed.
Navient |
The ability to find closely correlated positions to Navient Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Navient Corp 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 Navient Corp - 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 Navient Corp to buy it.
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Navient Stock performing well and Navient 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 Navient 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCFS | 1.24 | (0.04) | (0.01) | 0.04 | 2.75 | 2.29 | 17.48 | |||
| NNI | 0.85 | 0.08 | 0.05 | 0.18 | 1.13 | 1.74 | 6.72 | |||
| IX | 0.95 | 0.03 | 0.01 | 0.12 | 1.32 | 2.26 | 8.13 | |||
| AGM | 1.63 | (0.05) | 0.00 | 0.05 | 2.49 | 2.51 | 16.01 | |||
| SLMBP | 0.51 | 0.12 | 0.16 | 0.35 | 0.09 | 1.44 | 5.07 | |||
| AGM-A | 2.12 | 0.01 | 0.01 | 0.08 | 2.86 | 6.72 | 17.54 | |||
| AGM-PC | 0.17 | 0.01 | (0.21) | 0.21 | 0.13 | 0.37 | 1.28 | |||
| EZPW | 1.62 | 0.35 | 0.20 | 0.47 | 1.35 | 3.17 | 15.25 | |||
| SLM | 1.17 | 0.11 | 0.10 | 0.16 | 1.12 | 2.51 | 6.78 | |||
| ENVA | 1.41 | 0.01 | 0.05 | 0.08 | 1.89 | 2.95 | 9.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Navient Corp 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.Did you try this?
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Navient Corp Corporate Directors
Navient Corp corporate directors refer to members of a Navient Corp board of directors. The board of directors generally takes responsibility for the Navient Corp's 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 Navient Corp's board members must vote for the resolution. The Navient Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marjorie Bowen | Director | Profile | |
| John Adams | Independent Director | Profile | |
| Steven Shapiro | Independent Director | Profile | |
| Barry Munitz | Independent Director | Profile |
Already Invested in Navient Corp?
The danger of trading Navient Corp 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 Navient Corp 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 Navient Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Navient Corp 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.
When determining whether Navient Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Navient Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Navient Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Navient Corp Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Navient Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more detail on how to invest in Navient Stock please use our How to Invest in Navient Corp guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Navient Stock analysis
When running Navient Corp's price analysis, check to measure Navient Corp's 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 Navient Corp is operating at the current time. Most of Navient Corp's value examination focuses on studying past and present price action to predict the probability of Navient Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Navient Corp's price. Additionally, you may evaluate how the addition of Navient Corp to your portfolios can decrease your overall portfolio volatility.
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Is Navient Corp's 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 Navient Corp. If investors know Navient 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 Navient Corp 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 (0.26) | Dividend Share 0.64 | Earnings Share 1.63 | Revenue Per Share 9.28 | Quarterly Revenue Growth (0.18) |
The market value of Navient Corp is measured differently than its book value, which is the value of Navient that is recorded on the company's balance sheet. Investors also form their own opinion of Navient Corp's value that differs from its market value or its book value, called intrinsic value, which is Navient Corp's 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 Navient Corp's market value can be influenced by many factors that don't directly affect Navient Corp's 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 Navient Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Navient Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Navient Corp's 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.