CNFinance Holdings Correlations

CNF Stock

USD 0.95 0.04 4.04%

The current 90-days correlation between CNFinance Holdings and Guild Holdings Co is -0.17 (i.e., Good diversification). The correlation of CNFinance Holdings 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.

CNFinance Holdings Correlation With Market

Significant diversification

The correlation between CNFinance Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CNFinance Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNFinance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in CNFinance Stock please use our How to Invest in CNFinance Holdings guide.

Moving together with CNFinance Stock

0.88	LU	Lufax Holding	Pair Corr
0.65	PWUPU	PowerUp Acquisition Corp	Pair Corr

Moving against CNFinance Stock

0.39	V	Visa Class A	Pair Corr
0.45	TETEW	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	GHLD	COOP	ECPG	SNFCA	PFSI	UWMC
GHLD		-0.49	-0.27	-0.82	0.74	0.87	GHLD
COOP	-0.49		0.56	0.67	0.0	-0.48	COOP
ECPG	-0.27	0.56		0.33	0.08	-0.06	ECPG
SNFCA	-0.82	0.67	0.33		-0.38	-0.76	SNFCA
PFSI	0.74	0.0	0.08	-0.38		0.69	PFSI
UWMC	0.87	-0.48	-0.06	-0.76	0.69		UWMC
	GHLD	COOP	ECPG	SNFCA	PFSI	UWMC

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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

UWMC	+ 0.87	GHLD
PFSI	+ 0.74	GHLD
UWMC	+ 0.69	PFSI
SNFCA	+ 0.67	COOP
ECPG	+ 0.56	COOP
SNFCA	+ 0.33	ECPG

High negative correlations

SNFCA	- 0.82	GHLD
UWMC	- 0.76	SNFCA
COOP	- 0.49	GHLD
UWMC	- 0.48	COOP
PFSI	- 0.38	SNFCA
ECPG	- 0.27	GHLD

Risk-Adjusted Indicators

There is a big difference between CNFinance Stock performing well and CNFinance Holdings 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 CNFinance Holdings' 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
GHLD	1.52	(0.19)	0.00	0.63	0.00	0.00	3.57	(3.37)	11.75
COOP	1.66	(0.02)	0.00	0.11	2.29	(1.79)	3.33	(3.46)	23.55
ECPG	1.32	(0.17)	0.00	(0.01)	0.00	0.00	2.57	(2.42)	9.26
SNFCA	1.18	0.51	0.30	0.87	0.69	(1.50)	2.81	(1.54)	11.74
PFSI	1.25	0.00	(0.04)	0.12	1.57	(1.29)	2.33	(2.17)	7.68
UWMC	1.72	(0.59)	0.00	(0.58)	0.00	0.00	2.82	(3.51)	10.20

CNFinance Holdings Corporate Management

Zhai Bin	Chairman CEO	Profile
Jing Li	Assistant CFO	Profile
Christian Arnell	Christensen Officer	Profile
Lin Xu	Independent Director	Profile
Zehui Zhang	Vice President	Profile
Paul Wolansky	Director	Profile

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